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Burlington County Institute of Technology
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Municipality & ACFR Details
Type
County-Dependent Local Education Agency (LEA)
State
New Jersey
County
Burlington County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Burlington County Institute of Technology reported a net position of $6.1M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $8.2M against liabilities of $2.1M, representing a strong financial position with an assets-to-liabilities ratio of 3.84. Operating results were favorable, with revenues of $48.5M exceeding expenditures of $47.3M by $1.2M. The 2.5% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.