2020-2021 BUDGET June 24, 2020

2020-2021 BUDGET June 24, 2020 TABLE OF CONTENTS BUDGET MESSAGE 1 INTRODUCTORY SECTION 4 District Entity 5 Governance 5 Board of Education 5 The Role of the Board 5 Decision Making 5 Executive Administration 6 District Organizational Chart 6 District Mission and Goals 7 Mission, Vision and Core Values 7 Strategic Planning 8 Our Schools 10 Enrollment 11 Resident 13 Non-Resident 14 Budgets and Budgetary Accounting 15 Budget Management 15 Budget Cycle 15 Budget Development Process 16 Summary of Significant Account Policies 18 Fund Accounting 18 Revenue 19 Sources of Revenue 19 Estimating Revenue 23 Establishing a Tax Rate 24 Total Revenue by Fund 25 Operating Revenue by Object 26 Expenditures 27 Expenditures by Function 27 Expenditures by Object 27 Total Expenditures by Fund 28 Operating Expenditures by Object 29 Staffing 30 Salaries and Benefits 30 School Building & Dept Budgets 31 Capital Expenditures 31 Clayton Recreation Sports & Wellness 32 Family Center 33 Parents as Teachers 34 Early Childhood Special Education 35 Summer Programs 35 Debt Service 35 General Obligation Bonds Outstanding 35 Fund Balance 36 Reporting 39 FINANCIAL SECTION 40 Actual Revenues, Expenditures & Balances 41 Estimated Revenues, Expenditures & Balances 43 Budgeted Revenues Expenditures & Balances 45 Revenue Budget & Four-Year Comparison 47 Estimated Other Revenues by Fund 50 Revised Estimated Prior Year Other Revenues 53 Total Expenditures Function/Fund 56 Location/Fund 59 Function/Object 61 Location/Object 65 Operating Expenditures Function/Fund 67 Location/Fund 70 Function/Object 72 Location/Object 75 Capital Improvement Plan (CIP) Expenditures 77 Business-Type Activities 80 Prior-Year Total Expenditures 82 Three-Year Comparison 83 Function/Fund 85 Function/Object 90 Prior-Year Operating Expenditures 97 Three-Year Comparison 98 Function/Fund 100 Function/Object 105 GLOSSARY 112

TABLE OF CONTENTS BUDGET MESSAGE 1 INTRODUCTORY SECTION 4 District Entity 5 Governance 5 Board of Education 5 The Role of the Board 5 Decision Making 5 Executive Administration 6 District Organizational Chart 6 District Mission and Goals 7 Mission, Vision and Core Values 7 Strategic Planning 8 Our Schools 10 Enrollment 11 Resident 13 Non-Resident 14 Budgets and Budgetary Accounting 15 Budget Management 15 Budget Cycle 15 Budget Development Process 16 Summary of Significant Account Policies 18 Fund Accounting 18 Revenue 19 Sources of Revenue 19 Estimating Revenue 23 Establishing a Tax Rate 24 Total Revenue by Fund 25 Operating Revenue by Object 26 Expenditures 27 Expenditures by Function 27 Expenditures by Object 27 Total Expenditures by Fund 28 Operating Expenditures by Object 29 Staffing 30 Salaries and Benefits 30 School Building & Dept Budgets 31 Capital Expenditures 31 Clayton Recreation Sports & Wellness 32 Family Center 33 Parents as Teachers 34 Early Childhood Special Education 35 Summer Programs 35 Debt Service 35 General Obligation Bonds Outstanding 35 Fund Balance 36 Reporting 39 FINANCIAL SECTION 40 Actual Revenues, Expenditures & Balances 41 Estimated Revenues, Expenditures & Balances 43 Budgeted Revenues Expenditures & Balances 45 Revenue Budget & Four-Year Comparison 47 Estimated Other Revenues by Fund 50 Revised Estimated Prior Year Other Revenues 53 Total Expenditures Function/Fund 56 Location/Fund 59 Function/Object 61 Location/Object 65 Operating Expenditures Function/Fund 67 Location/Fund 70 Function/Object 72 Location/Object 75 Capital Improvement Plan (CIP) Expenditures 77 Business-Type Activities 80 Prior-Year Total Expenditures 82 Three-Year Comparison 83 Function/Fund 85 Function/Object 90 Prior-Year Operating Expenditures 97 Three-Year Comparison 98 Function/Fund 100 Function/Object 105 GLOSSARY 112 Due to the complete reconfiguration of the Missouri Public School Accounting System mandated by the Missouri Department of Elementary and Secondary Education (DESE) and implemented by the District as of July 1, 2018, it is extremely difficult to create an account-by-account analysis by function and object of the prior year expense accounts for the purposes of this document. Accounts have been separated by DESE into multiple accounts, combined with portions of other accounts, new accounts have been added and some accounts have been deleted. A single report comparing prior year’s expenses will be reinstated when an account-to-account comparison is available.