The ZBB approach is built on needs and priorities rather than on historical spending trends. The ZBB process is about creating accountability for what the District spends and transparency of the decisions for where the District spends. 1 Proposed 2021-2022 total expenditures including normal debt service payments, business-type activities, and extraordinary items total $68.5 million. Projected total revenues, inclusive of business-type, debt service, and extraordinary items of $70.7 million will result in a surplus $2.2 million and grow the overall fund balance to $37.5 million. Because many of the revenues and expenditures included in the total budget are restricted for specific purposes, the operating budget more clearly reflects the District’s expected results of operations. The operating revenue budget is projected to increase by $1.7 million or 2.94 percent to a total of $61.1 million primarily due to the increase in local taxes receiving a 1.4% adjustment for CPI. In addition, other local revenue increased due the significant reductions in student activities and Family Center revenue for the 2020-2021 school year and returning close to pre-pandemic levels for 2021-2022. Projected revenue is based upon the best information available at this time as well as historical trends. The operating expenditure budget is projected to increase by $1.5 million or 2.60 percent to a total of $58.6 million. The 2019-2020 was the final year of a two-year salary agreement. Administration and teacher representatives began having salary discussions in February 2021. The Board approved a two-year salary schedule at their April 14, 2021 meeting. A .92 percent budgetary increase for certified teaching staff has been included in the current projections per the salary agreement. The average salary increase for a teacher is 3.0 percent due to staff turnover. Administrative salaries, classified salaries, part-time temporary employment and substitute budgets will be increased by 3.0 percent. This represents an overall budgetary salary increase of 2.0 percent. In addition, the operating budget supports the maintenance of our facilities and grounds, recommended technology improvements, textbook, musical instrument and athletic uniform replacement, and curriculum implementation plans. Total proposed maintenance Capital Improvement Plan (CIP) expenditures for 2021-2022 will have a total allocation of $940,250. An additional $592,930 will also be used to pay the annual financing payments for improvements at the Center of Clayton. While there are many unknowns in the educational world concerning the COVID-19 pandemic, the District has been responsive to the needs of families to ensure every student receives an equitable education regardless of the learning environment. The District budgeted approximately $1.0 million in federal COVID relief funds because of numerous fiscal recovery acts passed by Congress that provide a substantial infusion of resources to help address the costs of operating during a pandemic, the resulting economic fallout and lay the foundation for a strong and equitable recovery. The District utilized these funds to install a needlepoint bi-polar ionization system that is integrated into each building’s HVAC system to provide pathogen removal remediation. Further, a Contract Tracing Investigator position was added to assist in compliance with St. Louis County mandates related to the coronavirus pandemic. Personal protective equipment (PPE) including facemasks, face shields, hand sanitizer, touchless paper towel dispensers, spray bottles/microfiber towels, desk partitions/dividers, and signage were purchased to provide a safe environment. Technology enhancements were added to improve/assist with online learning. Finally, additional instructional support positions were added to assist in monitoring students’ progress. The 2021-2022 budget continues to be impacted by the effects of the COVID-19 closures that took place beginning in March of 2020. The economy saw many changes from business closings, rising unemployment, declines in the federal funds target rate, etc. The lasting effects of COVID-19 on the District revenues and expenditures remain undetermined. The District will continue to work to control costs and align resources with priorities while also looking at other strategies to maintain financial balance with minimal impact on students and classrooms. 2

The lasting effects of COVID-19 on the District revenues and expenditures remain undetermined. The District will continue to work to control costs and align resources with priorities while also looking at other strategies to maintain financial balance with minimal impact on students and classrooms. 2 Operating revenues will exceed operating expenses, which will increase the operating fund balance by $2.5 million. The 2021-2022 year-end operating fund balances inclusive of business-type activities are projected at $31.8 million or 53 percent. However, $3.3 million has been formally committed by the Board for future capital expenditures. This leaves a net operating fund balance of $27.7 million or 47 percent of budgeted operating expenditures which exceeds the Board’s fund balance goal of 18 percent. As part of the normal budgeting process, long-range projections are developed and continually updated. This process allows the District to determine how much of available resources can be used for ongoing projects, such as new programs or initiatives, versus one-time projects, such as facility repairs. Current long-range projections include new revenue from five developments where construction plans have been approved.  Resident Inn by Marriot – 8125 Forsyth Boulevard, Clayton  Clarendale of Clayton – 7651 & 7601 Clayton Road, Clayton  Forsyth Point –8049 Forsyth Boulevard  Bank of America – 8100 Forsyth Boulevard, Clayton  The Pearl Condominiums – 43-55 Topton Way, Clayton There are several other potential new developments that are currently in the conceptual phase and have either not been submitted to the City for review or are waiting on approval. Estimated revenue from these developments will be included in projections when approved. This conservative and prudent approach to planning by Boards of Education has been a historical trademark of the District. Long-range financial planning will continue to be relied upon with administration prepared to react to unanticipated changes to planned revenue and expenses. Preparation of the 2021-2022 budget began in December 2020. It is our deep commitment to all students’ education that drives our thoughtful conversations and guides our budgetary decisions. Input was sought from staff, administrators and instructional leaders throughout the District. Specific information on developing the budget was discussed with the Board as study items on January 22 and May 19, 2021. The 2021-2022 School District of Clayton budget is recommended to the Board of Education for adoption. Respectfully submitted this day, June 2, 2021, Sean N. Doherty, Ed.D Mary Jo Gruber, CPA, CGMA, SFO Superintendent Chief Financial Officer 3

Respectfully submitted this day, June 2, 2021, Sean N. Doherty, Ed.D Mary Jo Gruber, CPA, CGMA, SFO Superintendent Chief Financial Officer 3 INTRODUCTORY SECTION 4

INTRODUCTORY SECTION 4 DISTRICT ENTITY The District, established under the Statutes of the State of Missouri, is governed by an elected seven-member board as described in RSMo Chapter 162. The Board of Education (Board) is the basic level of government that has financial accountability and control over all activities related to public school education in the District. The District, just west of the City of St. Louis, covers approximately 3.25 square miles and is located in the City of Clayton and includes a portion of the City of Richmond Heights. Combining a bustling downtown with quiet, secure residential neighborhoods, Clayton is the hub of the St. Louis area and the seat of St. Louis County. With a population of around 17,000 residents, it is also home to Forbes and Fortune 500 company headquarters. The District provides education for a stable enrollment of approximately 2,500 students in kindergarten (K) through 12th grade. The District’s facilities include an early childhood center, three elementary school (K-5), one middle school (6-8), and one high school (9-12). In addition to these school buildings, the District owns and maintains a maintenance facility and administrative center. GOVERNANCE Board of Education Ms. Amy Rubin President Mr. Jason Wilson Director Mr. Gary Pierson Vice President Mr. Joe Miller Director Ms. Stacy Siwak Secretary Vacant Director Ms. Kim Hurst Treasurer The School District of Clayton Board of Education has seven members; two elected annually for three-year terms, and three elected every third year for three-year terms. An annual school board election is held in April each year. School board members are volunteers that receive no compensation for serving on the Board. The Role of the Board The Board of Education is elected to represent the School District of Clayton community in the governance of its public schools. The Board’s chief responsibility is to evaluate and hire the superintendent of schools. Additionally, the Board adopts policies and direct procedures for the governance of the District, with responsibility for implementing Board policy and day-to- day operations of the District delegated to the superintendent. The Board is also responsible for other fiduciary responsibilities as outlined in Board Policy DA including adopting an annual budget to enable the District to carry out its educational programs. All Board actions are governed by state and federal laws and Missouri Department of Elementary and Secondary Education (DESE) guidelines. Decision Making A minimum of four Board members must be present to conduct official Board business. Prior to each meeting, Board members receive relevant background information on each agenda item. They may contact the administration to clarify any item. The Board votes on each action item after Board discussion. 5

They may contact the administration to clarify any item. The Board votes on each action item after Board discussion. 5 The superintendent is the chief executive officer of the District and is employed by the Board. The superintendent and, when appropriate, other members of the executive administrative team, meet with the Board to make recommendations and answer questions. Executive Administration Sean Doherty, Ed.D. Superintendent Tony Arnold, Ed.D. Assistant Superintendent of Human Resources Milena Garganigo, Ed.D. Assistant Superintendent of Teaching and Learning Robyn Wiens, Ed.D. Assistant Superintendent of Student Services Cameron Poole Chief Equity Officer Mary Jo Gruber, CPA, CGMA, SFO Chief Financial Officer Jeff Puls, CETL Chief Technology Officer Chris Tennill, APR Chief Communications Officer DISTRICT ORGANIZATIONAL CHART Board of Education Sean Doherty Superintendent Tony Arnold Assistant Superintendent for Human Resources Admin. Assistant HR Specialist HR Admin. Assistant Receptionist Milena Garganigo Assistant Superintendent for Teaching & Learning Admin. Assistant Admin.Assistant/ Data Analyst Robyn Wiens Assistant Superintendent for Sutdent Services Admin. Assistant Cameron Poole Chief Equity Officer Mary Jo Gruber Chief Financial Officer Admin. Assistant/ Benefit Specialist Director of Finance Accountant/Internal Auditor Accounts Payable Supervisor Payroll Specialist Director of Facility Services Director of Dining Services Printing Services Jeff Puls Chief Technology Officer Admin. Assistant/ Help Desk Help Desk Analyst Techical Operations Manager Lead Technician Technician Data Systems Manager Data Systems Support Specialist Chris Tennill Chief Comunications Officer Admin. Assistant Communications Coordinator Digital Communications Specialist Sandy Manchella Assistant to the Superintendent/ Board of Education SSD Area Coordinator Educational Technology Specialists Director of Development 6