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financial_report 2024-09-30 MO State Auditor #q2c229d38 Open original ↗

City of Clayton ACFR — year ended September 30, 2024 (full report)

This is the City of Clayton, Missouri annual comprehensive financial report (including the single-audit report) for the year ended September 30, 2024. The excerpts show financial statements and schedules (statement of activities, governmental funds balance sheet, schedule of expenditures of federal awards, notes and required supplementary information), discussion of investment and pension trust fund policies, and budgetary process procedures. Specific figures shown include total primary government expenses of $34,563,939, net change in net position of $8,872,780 and ending net position of $121,378,373; major revenue line items such as property tax $9,755,016, sales tax $11,882,392, and utility tax $5,596,998; fund-level cash, investments and receivables (total governmental funds assets $76,677,902); a City contribution to the Uniformed Employees’ Retirement Fund of $849,199 in 2024; actuarial assumption changes (discount rate from 4.87% to 4.06%); and a reported $136 budget overrun in the 2021 Special Obligation Bond Issue Debt Service Fund.

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Note C - Other Information

The City did not receive any federal insurance or noncash assistance during the year ended September 30, 2024. Note D - Indirect Cost Rate

The City did not elect the federal 10% de minimis indirect cost rate for the year ended September 30, 2024. - 5 -

- 9 - CITY OF CLAYTON, MISSOURI SCHEDULE OF FINDINGS AND QUESTIONED COSTS For the Year Ended September 30, 2024 Section I - Summary of Auditor’s Results Financial Statements Type of auditor’s report issued: unmodified Internal control over financial reporting: Material weaknesses identified? yes X no Significant deficiency (ies) identified? yes X none reported Noncompliance material to financial statements noted? yes X no Federal Awards Internal Control over major federal programs: Material weaknesses identified? yes X no Significant deficiency (ies) identified yes X none reported Type of auditor’s report issued on compliance for major federal programs: unmodified Any audit findings disclosed that are required to be reported in accordance with 2 CFR 200.516(a)? yes X no Identification of major federal programs: ALN Number(s) Name of Federal Program or Cluster 20.205 Highway Planning and Construction Dollar threshold used to distinguish between Type A and Type B programs: $ 750,000 Auditee qualified as low-risk auditee? yes X no - 6 -

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