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NJ Regular Public School District 1 Schools

Sterling Regional School District

Somerdale, NJ 08083 • Camden County • 1 Operating Schools
(856) 784-3545
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 895 students
Census F-33 • FY 2024
Total Revenue
$26,182,000
Total Expenditure
$24,385,000
Classroom Instruction
$14,400,000
Outstanding Debt
$2,208,000

Revenue Sources

State Government Funds: $14,973,000 (57.2%) Local Taxes & Fees: $10,201,000 (39%) Federal Aid: $1,008,000 (3.8%)
State Government Funds $14,973,000 57.2%
Local Taxes & Fees $10,201,000 39%
Federal Aid $1,008,000 3.8%
Total Revenue $26,182,000 100.0%

Expenditure Allocation

Classroom Instruction: $14,400,000 (59.1%) Support Services: $7,537,000 (30.9%) Capital Outlays: $835,000 (3.4%) Other / Operations: $1,613,000 (6.6%)
Classroom Instruction $14,400,000 59.1%
Support Services $7,537,000 30.9%
Capital Outlays $835,000 3.4%
Other / Operations $1,613,000 6.6%
Total Expenditure $24,385,000 100.0%

Financial Comparison & Trends Chart

$0$8,500$17,000$25,500$34,000FY 2020 Revenue/Student: $22,360$22,360FY 2020 Expenditure/Student: $20,744$20,744FY 2020939 stdsFY 2021 Revenue/Student: $23,119$23,119FY 2021 Expenditure/Student: $22,278$22,278FY 2021927 stdsFY 2022 Revenue/Student: $26,235$26,235FY 2022 Expenditure/Student: $25,798$25,798FY 2022906 stdsFY 2023 Revenue/Student: $26,937$26,937FY 2023 Expenditure/Student: $26,943$26,943FY 2023911 stdsFY 2024 Revenue/Student: $29,254$29,254FY 2024 Expenditure/Student: $27,246$27,246FY 2024895 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $29,254

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 895 $26,182,000 $24,385,000 $14,400,000 $835,000 $2,208,000
FY 2023 911 $24,540,000 $24,545,000 $13,732,000 $2,269,000 $2,388,000
FY 2022 906 $23,769,000 $23,373,000 $13,188,000 $1,594,000 $2,568,000
FY 2021 927 $21,431,000 $20,652,000 $11,793,000 $844,000 $2,748,000
FY 2020 939 $20,996,000 $19,479,000 $11,267,000 $509,000 $2,928,000