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Borough of Dumont School District
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
New Jersey
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Borough of Dumont School District reported a net position of $6.8M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $7.8M against liabilities of $1.0M, representing a strong financial position with an assets-to-liabilities ratio of 7.62. Operating results showed a shortfall, with expenditures of $67.2M exceeding revenues of $63.4M by $6.5M. The -10.2% margin indicates a significant revenue-expenditure gap. All metrics are calculated using General Fund data.