School district · Cape May County, NJ

Ocean City School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Ocean City School District took in $46.6 million and spent $58.1 million.

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

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Where it comes from

School district taxes53%County and local tax money25%State tax money19%Fees for services (school lunches)2.5%Fines and other1.2%

What stands out

25%

of Ocean City School District's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes53%

Property tax
53%$24.6 million

Fees for services2.5%

Fees for services
2.5%$1.2 million
What's in fees for servicesOther school charges and school lunches
  • Other school charges$723 thousand
  • School lunches$440 thousand

Amounts are by Census type of charge.

State tax money19%

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

From the state
19%$8.8 million

County and local tax money25%

Money passed on by the county or other local governments.

From the county and other local governments
25%$11.5 million

Fines and other1.2%

Interest, rents and other
1.2%$541 thousand

Where it goes

Schools and colleges99%Sent to other local governments0.6%

Spending by category100%

Schools and colleges
99%$57.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$57.8 million
Sent to other local governments
0.6%$328 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$178 thousand
  • Sent to the state government$150 thousand
Sources and moreWhere these numbers come from and what they cover

Ocean City 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 Ocean City 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.