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Borough of Prospect Park School District
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
New Jersey
County
Passaic County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Borough of Prospect Park School District show a net position of $121.8K, with assets outpacing liabilities. The financial position includes $1.9M in total assets offset by $1.8M in liabilities, reflecting steady financial conditions at a 1.07 ratio. Fiscal operations produced a negative result, with $19.2M in expenditures against $18.3M in revenues, creating a deficit of $991.8K. The -5.4% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.