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Middle Township Board of Education
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
New Jersey
County
Cape May County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Middle Township Board of Education reported a net position of $620.0M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $791.2M against liabilities of $171.2M, representing a strong financial position with an assets-to-liabilities ratio of 4.62. Operating results showed a shortfall, with expenditures of $5.8B exceeding revenues of $5.8B by $109.6M. The -1.9% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.