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NJ Specialized Public School District 1 Schools

Somerset County Vocational and Technical School District

Bridgewater, NJ 08807 • Somerset County • 1 Operating Schools
(908) 526-8900
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 333 students
Census F-33 • FY 2024
Total Revenue
$20,695,000
Total Expenditure
$22,323,000
Classroom Instruction
$11,326,000
Outstanding Debt
$0

Revenue Sources

State Government Funds: $5,396,000 (26.1%) Local Taxes & Fees: $14,323,000 (69.2%) Federal Aid: $976,000 (4.7%)
State Government Funds $5,396,000 26.1%
Local Taxes & Fees $14,323,000 69.2%
Federal Aid $976,000 4.7%
Total Revenue $20,695,000 100.0%

Expenditure Allocation

Classroom Instruction: $11,326,000 (50.7%) Support Services: $9,140,000 (40.9%) Capital Outlays: $1,679,000 (7.5%) Other / Operations: $178,000 (0.8%)
Classroom Instruction $11,326,000 50.7%
Support Services $9,140,000 40.9%
Capital Outlays $1,679,000 7.5%
Other / Operations $178,000 0.8%
Total Expenditure $22,323,000 100.0%

Financial Comparison & Trends Chart

$0$32,750$65,500$98,250$131,000FY 2020 Revenue/Student: $59,621$59,621FY 2020 Expenditure/Student: $63,427$63,427FY 2020309 stdsFY 2021 Revenue/Student: $55,818$55,818FY 2021 Expenditure/Student: $61,274$61,274FY 2021336 stdsFY 2022 Revenue/Student: $71,582$71,582FY 2022 Expenditure/Student: $63,366$63,366FY 2022325 stdsFY 2023 Revenue/Student: $113,317$113,317FY 2023 Expenditure/Student: $65,205$65,205FY 2023322 stdsFY 2024 Revenue/Student: $62,147$62,147FY 2024 Expenditure/Student: $67,036$67,036FY 2024333 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $113,317

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 333 $20,695,000 $22,323,000 $11,326,000 $1,679,000 $0
FY 2023 322 $36,488,000 $20,996,000 $10,869,000 $501,000 $0
FY 2022 325 $23,264,000 $20,594,000 $10,456,000 $613,000 $0
FY 2021 336 $18,755,000 $20,588,000 $9,798,000 $2,249,000 $0
FY 2020 309 $18,423,000 $19,599,000 $9,364,000 $1,748,000 $0