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NJ Regular Public School District 3 Schools

Upper Freehold Regional School District

Allentown, NJ 08501 • Monmouth County • 3 Operating Schools
(609) 259-7292
Official Website

Fiscal Year 2024 Financial Balance Sheet

Surveyed Enrollment: 2,055 students
Census F-33 • FY 2024
Total Revenue
$55,245,000
Total Expenditure
$55,251,000
Classroom Instruction
$29,715,000
Outstanding Debt
$38,960,000

Revenue Sources

State Government Funds: $13,798,000 (25%) Local Taxes & Fees: $40,741,000 (73.7%) Federal Aid: $706,000 (1.3%)
State Government Funds $13,798,000 25%
Local Taxes & Fees $40,741,000 73.7%
Federal Aid $706,000 1.3%
Total Revenue $55,245,000 100.0%

Expenditure Allocation

Classroom Instruction: $29,715,000 (53.8%) Support Services: $20,577,000 (37.2%) Capital Outlays: $1,221,000 (2.2%) Other / Operations: $3,738,000 (6.8%)
Classroom Instruction $29,715,000 53.8%
Support Services $20,577,000 37.2%
Capital Outlays $1,221,000 2.2%
Other / Operations $3,738,000 6.8%
Total Expenditure $55,251,000 100.0%

Financial Comparison & Trends Chart

$0$7,750$15,500$23,250$31,000FY 2020 Revenue/Student: $22,651$22,651FY 2020 Expenditure/Student: $23,313$23,313FY 20202,189 stdsFY 2021 Revenue/Student: $23,429$23,429FY 2021 Expenditure/Student: $21,673$21,673FY 20212,144 stdsFY 2022 Revenue/Student: $25,594$25,594FY 2022 Expenditure/Student: $23,309$23,309FY 20222,124 stdsFY 2023 Revenue/Student: $26,119$26,119FY 2023 Expenditure/Student: $24,948$24,948FY 20232,098 stdsFY 2024 Revenue/Student: $26,883$26,883FY 2024 Expenditure/Student: $26,886$26,886FY 20242,055 stds
Revenue per Student Expenditure per Student
Peak Per-Pupil: $26,886

Multi-Year Financial History

Census F-33 Historical Cohorts
Fiscal Year Enrollment Total Revenue Total Expenditure Instruction Exp. Capital Outlay Debt Balance
FY 2024 2,055 $55,245,000 $55,251,000 $29,715,000 $1,221,000 $38,960,000
FY 2023 2,098 $54,798,000 $52,340,000 $28,008,000 $1,778,000 $41,655,000
FY 2022 2,124 $54,362,000 $49,508,000 $26,697,000 $1,238,000 $44,245,000
FY 2021 2,144 $50,231,000 $46,467,000 $24,947,000 $1,276,000 $46,710,000
FY 2020 2,189 $49,583,000 $51,033,000 $25,032,000 $5,246,000 $49,164,000