Financial Statistics

The following summary of operating results for the College for the year ended June 30, 2012, was prepared from the Statement of Revenues, Expenses and Changes in Net Assets in the College’s financial statements:

FY2012
Total Operating Revenue
$36,305,154
Total Operating Expenses
$54,354,518
Operating Loss
($18,049,364)
Net Non-Operating Revenue
$15,718,585
Income (Loss) Before Other Revenue & Expenses
($2,330,779)
Capital Appropriation
$1,457,962
Other Revenue and Expenses
$331,440
Increase (Decrease) in Net Assets
($541,377)
Net Assets, Beginning of Year
$59,137,441
Net Assets, End of Year
$58,596,064

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 FY2012 Credit FTE was 5,715.

Enrollment Ratio Fall 2011

  Men Women Total
Full-Time 1,760 2,067 3,827
Part-Time 1,442 2,323 3,765
Total 3,202 4,390 7,592

Financial Aid 2011-12

Federal Funds  
Pell
$15,497,450
SEOG
$182,323
FCWS
$227,012
Stafford Loans
$7,664,292
Other; ACG 1 & 2
$254,028
Subtotal
$23,825,105
 
State Funds
TAG
$2,091,113
EOF
$147,077
NJStars
$290,052
State Scholarship
$4,650
NJClass Loan
$169,178
Subtotal
$2,702,070
 
Private Funds
$352,782
 
Total Aid
$26,879,957