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June 24, 2020 — Budget

This is the School District of Clayton’s adopted budget document for the 2020–2021 fiscal year (dated June 24, 2020). It contains multi‑fund budget tables showing beginning and ending balances, revenues (including current and delinquent property tax collections and other sources), expenditures by fund, transfers, and net changes; line items and subtotals for General, Special Revenue, Capital Projects, Debt Service, and Business‑Type funds are shown. The excerpts explain how assessed valuations and tax rates are calculated, note recent changes from Proposition E (a voter‑approved operating levy increase that passed with 64.2% support), and list four new construction developments included in revenue projections. Specific figures in the excerpts include total estimated beginning and ending fund balances (e.g., $31,035,744 beginning balance and $33,328,944 budgeted balance 6/30/21), revenues (total revenues $69,537,300), and expenditures (total expenditures $67,244,100) for the presented fund groupings.
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Administration also monitors class size standards and available classroom space in existing buildings to accommodate projected increases in resident enrollment. This information is used to determine available classroom space when accepting and placing nonresident students.

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Resident Enrollment

Resident Projection The total resident enrollment projection for the 2020-2021 school year is 2,222 students which is a 2 percent increase compared to the September 2019 count day resident total student enrollment of 2,179.

Students from New Residential Developments – The District has been tracking enrollment of students residing in residential high-rise or downtown Clayton apartments since 2012-2013. During the 2017-2018 school year, there was a spike in residential construction with 600 units and 42 townhomes constructed. Enrollment records indicate students residing in high- rise or downtown Clayton apartments is a transient population. Approximately two-thirds of students residing in these developments continue to reside in them after two years. The District enrolled 10 new students from these developments during the 2019-2020 school. A five-year history of students in these developments is included below. The District continues to closely monitor and annually evaluate the impact of these types of developments on its residential enrollment.

Address (Name of Development) Year Built Units Condo/Rental Advertised Avg. Monthly Rent 2 BD Number of Unique Units 2019- 2020 2018- 2019 2017- 2018 2016- 2017 2015- 2016 25 North Central (Ceylon) 2018 121 Rental $3,500 0 5 2 0 0 0 8500 Maryland (The Barton) 2018 229 Rental $2,500 14 8 5 0 0 0 212 South Meramec (Two Twelve Clayton) 2017 250 Rental $3,000 10 7 2 1 0 0 155 Carondelet Plaza (The Crescent) 2007 73 Condo $6,250 2 0 2 1 0 0 8025 Maryland (Maryland Walk) 2006 103 Condo $3,500 3 2 1 0 2 2 2 The Boulevard (Allegro - Richmond Heights) 2005 74 Rental $2,000 0 5 5 4 2 3 150 Carondelet Plaza (The Plaza in Clayton) 2003 81 Condo NA 0 1 0 1 1 1 8025 Bonhomme (Clayton on the Park) 2000 208 Rental $3,700 11 10 7 12 14 18 800 S Hanley (The Residence) 1997 39 Condo NA 0 0 0 0 0 0 750 S Hanley (Claytonian) 1991 68 Condo $1,995 0 0 0 0 0 0 250 S Brentwood (Shaw Park Place) 1986 29 Condo $1,892 4 6 7 7 6 7 816 S Hanley (816 Club) 1974 56 Condo $2,225 0 1 3 2 4 2 200 S Brentwood (Park Tower) 1966 104 Condo $3,000 2 3 2 2 2 2 710 S Hanley (Whitehall) 1966 64 Condo $4,500 2 4 3 3 4 3 900 S Hanley (Hanley Towers) 1964 71 Condo $1,995 5 4 7 7 10 9 230 S Brentwood (Bethesda Barclay) 1962 84 Rental NA 0 0 0 0 0 0 Total 1654 53 56 46 40 45 47 Grade 2019- 2020 2018- 2019 2017- 2018 2016- 2017 2015- 2016 Notes: K 3 1 4 2 6 •The following percentages of students are still residing in these buildings after: 1 3 4 2 3 2 Two years - 66% 2 4 2 2 2 7 Three years - 45% 3 2 3 4 8 1 Four years - 31% 4 2 3 8 1 3 Five years - 19% 5 7 6 1 4 4 6 6 0 3 5 2 •The District is averaging 4 students per 100 high rise units. 7 1 4 3 2 2 8 5 5 1 2 5 9 5 4 1 4 6 10 5 3 4 4 3 11 4 7 4 4 4 12 9 4 3 4 2 56 46 40 45 47 Enrolled Students Enrolled Students 13

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