School district · Atlantic County, NJ

Folsom Borough School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Folsom Borough School District took in $10.8 million and spent $14.6 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money76%School district taxes19%Fees for services (school lunches)2.2%Fines and other2.0%

What stands out

76%

of Folsom Borough School District's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes19%

Property tax
19%$2.1 million

Fees for services2.2%

Fees for services
2.2%$235 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$145 thousand
  • School lunches$90 thousand

Amounts are by Census type of charge.

State tax money76%

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

From the state
76%$8.3 million

Fines and other2.0%

Interest, rents and other
2.0%$211 thousand

Where it goes

Schools and colleges91%Sent to other local governments8.5%Interest on debt<0.1%

What stands out

8.5%

of Folsom Borough School District's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
91%$13.3 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$13.3 million
Sent to other local governments
8.5%$1.2 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$1.2 million
  • Sent to the state government$44 thousand
Interest on debt
<0.1%$8 thousand
Sources and moreWhere these numbers come from and what they cover

Folsom Borough 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 Folsom Borough 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.