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NJ Regular Public School District 1 Schools

Shrewsbury Borough School District

Shrewsbury, NJ 07702 • Monmouth County • 1 Operating Schools
(732) 747-0882
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 455 students
Census F-33 • FY 2024
Total Revenue
$15,056,000
Total Expenditure
$19,898,000
Classroom Instruction
$7,862,000
Outstanding Debt
$19,365,000

Revenue Sources

State Government Funds: $3,479,000 (23.1%) Local Taxes & Fees: $11,219,000 (74.5%) Federal Aid: $358,000 (2.4%)
State Government Funds $3,479,000 23.1%
Local Taxes & Fees $11,219,000 74.5%
Federal Aid $358,000 2.4%
Total Revenue $15,056,000 100.0%

Expenditure Allocation

Classroom Instruction: $7,862,000 (39.5%) Support Services: $4,267,000 (21.4%) Capital Outlays: $6,550,000 (32.9%) Other / Operations: $1,219,000 (6.1%)
Classroom Instruction $7,862,000 39.5%
Support Services $4,267,000 21.4%
Capital Outlays $6,550,000 32.9%
Other / Operations $1,219,000 6.1%
Total Expenditure $19,898,000 100.0%

Financial Comparison & Trends Chart

$0$12,750$25,500$38,250$51,000FY 2020 Revenue/Student: $21,652$21,652FY 2020 Expenditure/Student: $21,242$21,242FY 2020492 stdsFY 2021 Revenue/Student: $25,319$25,319FY 2021 Expenditure/Student: $22,521$22,521FY 2021445 stdsFY 2022 Revenue/Student: $26,594$26,594FY 2022 Expenditure/Student: $24,341$24,341FY 2022451 stdsFY 2023 Revenue/Student: $27,600$27,600FY 2023 Expenditure/Student: $29,942$29,942FY 2023465 stdsFY 2024 Revenue/Student: $33,090$33,090FY 2024 Expenditure/Student: $43,732$43,732FY 2024455 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $43,732

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 455 $15,056,000 $19,898,000 $7,862,000 $6,550,000 $19,365,000
FY 2023 465 $12,834,000 $13,923,000 $7,999,000 $1,965,000 $19,930,000
FY 2022 451 $11,994,000 $10,978,000 $7,313,000 $84,000 $245,000
FY 2021 445 $11,267,000 $10,022,000 $6,565,000 $0 $480,000
FY 2020 492 $10,653,000 $10,451,000 $6,185,000 $200,000 $710,000