NJ
Regular Public School District
2 Schools
Watchung Borough School District
Watchung, NJ 07069
•
Somerset County
•
2 Operating Schools
(908) 755-8121
Official Website
Fiscal Year 2024 Financial Balance Sheet
Surveyed Enrollment: 680 students
Total Revenue
$20,344,000
Total Expenditure
$21,820,000
Classroom Instruction
$12,014,000
Outstanding Debt
$15,734,000
Revenue Sources
| State Government Funds | $5,192,000 | 25.5% | |
| Local Taxes & Fees | $14,804,000 | 72.8% | |
| Federal Aid | $348,000 | 1.7% | |
| Total Revenue | $20,344,000 | 100.0% |
Expenditure Allocation
| Classroom Instruction | $12,014,000 | 55.1% | |
| Support Services | $5,919,000 | 27.1% | |
| Capital Outlays | $2,915,000 | 13.4% | |
| Other / Operations | $972,000 | 4.5% | |
| Total Expenditure | $21,820,000 | 100.0% |
Financial Comparison & Trends Chart
Revenue per Student
Expenditure per Student
Peak Per-Pupil: $32,088
Multi-Year Financial History
Census F-33 Historical Cohorts| Fiscal Year | Enrollment | Total Revenue | Total Expenditure | Instruction Exp. | Capital Outlay | Debt Balance |
|---|---|---|---|---|---|---|
| FY 2024 | 680 | $20,344,000 | $21,820,000 | $12,014,000 | $2,915,000 | $15,734,000 |
| FY 2023 | 671 | $18,166,000 | $18,531,000 | $11,134,000 | $543,000 | $15,734,000 |
| FY 2022 | 616 | $17,117,000 | $16,765,000 | $10,496,000 | $91,000 | $0 |
| FY 2021 | 609 | $15,878,000 | $15,067,000 | $9,330,000 | $201,000 | $0 |
| FY 2020 | 604 | $14,849,000 | $15,281,000 | $8,679,000 | $575,000 | $0 |