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School District Finance Report
MAGNOLIA BORO SCHOOL DISTRICT


The HomeSurfer School District Finance rating for MAGNOLIA BORO SCHOOL DISTRICT is 2.0 out of a possible of 5 points. The HomeSurfer school rating is calculated using factors such as Spending Per Pupil, Capital Spending, and the debt position of the school district. National ranking is weighed more heavily than the state ranking.
Learn more about our rating system.
HomeSurfer School Finance Rating


Spending Per Pupil

MAGNOLIA BORO SCHOOL DISTRICT has a spending per pupil rate of 12022. This compares with a rate of 14639 in and a rate of 9698 nationally.


Spending Per Pupil

District 12022
NJ 14639
National 9698

MAGNOLIA BORO SCHOOL DISTRICT is in the 31% percentile rank in the state for Spending Per Pupil. It is in the 78.7% percentile rank nationally. Higher numbers are better. In this case, 31% of cities in spend the same or less than MAGNOLIA BORO SCHOOL DISTRICT. Said another way, 69% of schools in spend more than MAGNOLIA BORO SCHOOL DISTRICT.


  School Report Data

 MAGNOLIA BORO SCH DISTNJ
Total Spending Per Pupil
$/pupil12022
14639
Percentile Rank in State 31%

Rank in State 426

Percentile Rank in Nation 78.7%

Rank in Nation 3226

Capital Spending
% of budget 1.3%
8.2%
Percentile Rank in State28.9%

Rank in State 463

Percentile Rank in Nation14.8%

Rank in Nation 12837

Budget
Surplus/Deficit Per Pupil -9441
-8876
In Years- 0.8- 0.6
Percentile Rank State33.7%

Rank in State 405

Percentile Rank in Nation36.7%

Rank in Nation 9171


Ranking of School Districts in on Spending Per Pupil


Balance Sheet Review


The MAGNOLIA BORO SCH DIST balance sheet shows a deficit of -9441 per pupil. This compares with an average deficit of -8876 in . With the average revenue per pupil of 12062 the balance sheet deficit will take -0.783 years to pay off the debt.

School District Profile
MAGNOLIA BORO SCHOOL DISTRICT


Cities

MAGNOLIA,
Schools

MAGNOLIA

school profiles
District Enrollment

446