School district · Ocean County, NJ

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

In the latest recorded fiscal year (ended June 30, 2024), Ocean Gate Borough School District took in $3.6 million and spent $5.2 million.

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

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Where it comes from

School district taxes58%State tax money41%Fees for services (school lunches)0.7%

What stands out

58%

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

School district taxes58%

Property tax
58%$2.1 million

Fees for services0.7%

Fees for services
0.7%$25 thousand
What's in fees for servicesSchool lunches and other school charges
  • School lunches$18 thousand
  • Other school charges$7 thousand

Amounts are by Census type of charge.

State tax money41%

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

From the state
41%$1.5 million

Fines and other<0.1%

Interest, rents and other
<0.1%$1 thousand

Where it goes

Schools and colleges95%Sent to other local governments4.8%

What stands out

4.8%

of Ocean Gate 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
95%$5.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$5.0 million
Sent to other local governments
4.8%$249 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$249 thousand
Sources and moreWhere these numbers come from and what they cover

Ocean Gate 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 Ocean Gate 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.