School district · Monmouth County, NJ

Colts Neck Township School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Colts Neck Township School District took in $33.7 million and spent $47.1 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

School district taxes78%State tax money12%Federal tax money3.5%Fees for services (school lunches)2.7%Fines and other2.3%County and local tax money0.9%

What stands out

78%

of Colts Neck Township School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes78%

Property tax

78%$26.4 million

Fees for services2.7%

Fees for services

2.7%$900 thousand

What's in fees for servicesSchool lunches and other school charges

School lunches$555 thousand
Other school charges$345 thousand

Amounts are by Census type of charge.

Federal tax money3.5%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government

3.5%$1.2 million

State tax money12%

Money the state passes on, paid for by the state taxes residents also pay.

From the state

12%$4.1 million

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments

0.9%$304 thousand

Fines and other2.3%

Interest, rents and other

2.3%$773 thousand

Where it goes

Schools and colleges98%Sent to other local governments1.1%Interest on debt0.5%

Spending by category100%

Schools and colleges

98%$46.4 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$46.4 million

Sent to other local governments

1.1%$509 thousand

What's in sent to other local governmentsSent to school districts and sent to the state government

Sent to school districts$469 thousand
Sent to the state government$40 thousand

Interest on debt

0.5%$243 thousand

Sources and moreWhere these numbers come from and what they cover

Colts Neck Township School District. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Colts Neck Township School District itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.