School District of Clayton For Information Only | Action Required Board of Education Page 1 of 1 Proposed 2024-2025 Budget June 5, 2024 Summary A proposed budget for the upcoming 2024-2025 school year is presented for review and adoption. Description of Agenda Item A proposed 2024-2025 budget has been prepared and is attached. While a budget may appear to be about numbers, in reality the primary budget discussion should be about the programming, initiatives and projects included in (or excluded from) the budget plan. Finally, the budget should clearly connect to the goals and objectives set forth in the strategic plan. The budget presentation will seek to deliver on these intentions. The budget seeks to anticipate and plan the future financial operations of the District for the upcoming school year. Preparation of the budget requires making various assumptions in order to forecast revenue and expenditures. Final actual revenue sums and expenditure amounts will vary from projections. With this in mind, the first objective is to be accurate regarding financial trends. For example, if operating fund balances end the year showing an increase in balances, the budget best reflect that likelihood. The next objective is to estimate revenues and expenditures as close to eventual actual outcomes, without creating estimates that are not attainable. The third objective is managing transactions (especially spending transactions) throughout the year for the purpose of achieving the budget plan. The budget anticipates various grants as funding sources. The annual federal grant cycle begins in October. Federal grant revenues and expenditures in the budget are estimates.

The annual federal grant cycle begins in October. Federal grant revenues and expenditures in the budget are estimates. When finalized in October, budgeted revenue and expenditures for federal grants will be adjusted at that time. I want to express appreciation to staff across the District for their thoughtful work preparing building and program budget requests. Recommendation Approve the proposed budget for 2023-2024, including expenditures sourced from federal grants, as presented. Motion Approve the budget for 2023-2024, including expenditures sourced from federal grants, as presented. Submitted by: John Brazeal, Chief Financial Officer

School District of Clayton St. Louis County, Missouri 63105 WWW.CLAYTONSCHOOLS.NET 2024-2025 Budget Table of Contents Introduction Budget Summary  Budget Highlights  Strategic Plan Alignment  Budget Structure  Assumptions  Enrollment  Revenue Summary  Expenditure Summary Budget Data

Other Topics  Tax Base, Tax Rates & Tax Collections Information  Trends  Account Code Structure & Definition of Budget Terms  Financial Reporting