NJ
Regular Public School District
9 Schools
Summit Public School District
Summit, NJ 07901
•
Union County
•
9 Operating Schools
(908) 918-2100
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 4,006 students
Total Revenue
$107,560,000
Total Expenditure
$114,979,000
Classroom Instruction
$65,951,000
Outstanding Debt
$34,400,000
Revenue Sources
| State Government Funds | $25,273,000 | 23.5% | |
| Local Taxes & Fees | $79,371,000 | 73.8% | |
| Federal Aid | $2,916,000 | 2.7% | |
| Total Revenue | $107,560,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $65,951,000 | 57.4% | |
| Support Services | $31,437,000 | 27.3% | |
| Capital Outlays | $11,903,000 | 10.4% | |
| Other / Operations | $5,688,000 | 4.9% | |
| Total Expenditure | $114,979,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $28,702
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 4,006 | $107,560,000 | $114,979,000 | $65,951,000 | $11,903,000 | $34,400,000 |
| FY 2023 | 3,950 | $105,269,000 | $102,298,000 | $64,353,000 | $3,724,000 | $15,035,000 |
| FY 2022 | 3,895 | $104,306,000 | $100,071,000 | $65,352,000 | $1,520,000 | $18,290,000 |
| FY 2021 | 3,906 | $94,404,000 | $90,328,000 | $57,279,000 | $3,238,000 | $21,550,000 |
| FY 2020 | 4,001 | $90,885,000 | $84,688,000 | $52,946,000 | $2,172,000 | $24,755,000 |