Financial Statistics

The following summary of operating results for the College for the year ended June 30, 2013, was prepared from the Statement of Revenues, Expenses and Changes in Net Assets in the College’s financial statements:

FY2013
Total Operating Revenue
$35,474,790
Total Operating Expenses
$52,891,237
Operating Loss
($17,416,447)
Net Non-Operating Revenue
$15,347,549
Income (Loss) Before Other Revenue & Expenses
($2,068,898)
Capital Appropriation
$2,662,662
Other Revenue and Expenses
$76,058
Increase (Decrease) in Net Assets
($517,706)
Net Assets, Beginning of Year
$58,596,064
Net Assets, End of Year
$59,113,770

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 FY2013 Credit FTE was 5,342.

Enrollment Ratio Fall 2012

  Men Women Total
Full-Time 1,732 1,931 3,663
Part-Time 1,511 2,349 3,860
Total 3,243 4,280 7,523

Financial Aid 2012-13

Federal Funds  
Pell
$15,169,618
SEOG
$167,300
FCWS
$187,875
Stafford Loans
$7,581,146
Other; ACG 1 & 2
$219,727
Subtotal
$23,325,666
 
State Funds
TAG
$2,071,815
EOF
$222,164
NJStars
$310,413
State Scholarship
$1,000
NJClass Loan
$156,290
Subtotal
$2,761,682
 
Private Funds
$346,909
 
Total Aid
$26,434,257