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NJ Regular Public School District 2 Schools

Red Bank Borough Public School District

Red Bank, NJ 07701 • Monmouth County • 2 Operating Schools
(732) 758-1500
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 1,232 students
Census F-33 • FY 2024
Total Revenue
$43,319,000
Total Expenditure
$41,364,000
Classroom Instruction
$24,796,000
Outstanding Debt
$5,690,000

Revenue Sources

State Government Funds: $18,153,000 (41.9%) Local Taxes & Fees: $20,705,000 (47.8%) Federal Aid: $4,461,000 (10.3%)
State Government Funds $18,153,000 41.9%
Local Taxes & Fees $20,705,000 47.8%
Federal Aid $4,461,000 10.3%
Total Revenue $43,319,000 100.0%

Expenditure Allocation

Classroom Instruction: $24,796,000 (59.9%) Support Services: $13,494,000 (32.6%) Capital Outlays: $439,000 (1.1%) Other / Operations: $2,635,000 (6.4%)
Classroom Instruction $24,796,000 59.9%
Support Services $13,494,000 32.6%
Capital Outlays $439,000 1.1%
Other / Operations $2,635,000 6.4%
Total Expenditure $41,364,000 100.0%

Financial Comparison & Trends Chart

$0$10,250$20,500$30,750$41,000FY 2020 Revenue/Student: $23,389$23,389FY 2020 Expenditure/Student: $22,877$22,877FY 20201,438 stdsFY 2021 Revenue/Student: $25,806$25,806FY 2021 Expenditure/Student: $26,203$26,203FY 20211,382 stdsFY 2022 Revenue/Student: $30,814$30,814FY 2022 Expenditure/Student: $28,375$28,375FY 20221,359 stdsFY 2023 Revenue/Student: $34,187$34,187FY 2023 Expenditure/Student: $30,646$30,646FY 20231,273 stdsFY 2024 Revenue/Student: $35,162$35,162FY 2024 Expenditure/Student: $33,575$33,575FY 20241,232 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $35,162

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 1,232 $43,319,000 $41,364,000 $24,796,000 $439,000 $5,690,000
FY 2023 1,273 $43,520,000 $39,012,000 $23,434,000 $310,000 $6,075,000
FY 2022 1,359 $41,876,000 $38,562,000 $23,604,000 $602,000 $6,450,000
FY 2021 1,382 $35,664,000 $36,213,000 $19,332,000 $3,568,000 $6,750,000
FY 2020 1,438 $33,633,000 $32,897,000 $17,902,000 $1,385,000 $415,000