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East Newark Borough School District
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
New Jersey
County
Essex County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, East Newark Borough School District maintained a positive net position of $3.4M, demonstrating financial stability. Total assets of $4.5M compared to liabilities of $1.1M indicate robust financial health, yielding a coverage ratio of 4.23. The government achieved an operating surplus of $114.7K, as revenues of $8.0M outpaced spending of $7.9M. At 1.4%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.