Financial Statistics

The following summary of operating results for the College for the year ended June 30, 2011, was prepared from the Statement of Revenues, Expenses and Changes in Net Assets in the College’s financial statements:

FY2011
Total Operating Revenue
$37,647,915
Total Operating Expenses
$55,030,059
Operating Loss
($17,382,144)
Net Non-Operating Revenue
$15,451,688
Income (Loss) Before Other Revenue & Expenses
($1,930,456)
Capital Appropriation
$2,045,672
Other Revenue and Expenses
$395,327
Increase (Decrease) in Net Assets
$510,543
Net Assets, Beginning of Year
$58,626,898
Net Assets, End of Year
$59,137,441

College enrollment is comprised of credit and noncredit full-time equated students (FTEs). A full-time equated student represents a student or combination of students taking thirty (30) credits. The FY2011 Credit FTE was 5,715.

Enrollment Ratio Fall 2010

  Men Women Total
Full-Time 1850 2,215 4,065
Part-Time 1,291 2,299 3,590
Total 3,141 4,514 7,655

Financial Aid 2010-11

Federal Funds  
Pell
$15,761,290
SEOG
$182,970
FCWS
$196,048
Stafford Loans
$6,681,375
Other; ACG 1 & 2
$388,774
Subtotal
$23,515,871
 
State Funds
TAG
$2,240,998
EOF
$219,390
NJStars
$381,285
State Scholarship
$14,880
NJClass Loan
$263,571
Subtotal
$3,120,124
 
Private Funds
$274,214
 
Total Aid
$27,814,188