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

Other Topics  Tax Base, Tax Rates & Tax Collections Information  Trends  Account Code Structure & Definition of Budget Terms  Financial Reporting SCHOOL DISTRICT OF CLAYTON 2024-2025 Budget Introduction The School District of Clayton (District) is one of the top performing school districts in Missouri, serving approximately 2,400 students with highly qualified staff, smaller class sizes and expanded educational opportunities. The District is grateful for strong community support, which is key to providing a quality education for District students. The District values the respect and trust the community places in the District’s stewardship of tax resources. The District’s academic success is due in part to its strong financial position and stable fund balances. The Board of Education, together with staff, parents and patrons of the District are united in our commitment to student learning. Our mission, vision and core values embody why we are here, what we want our students to become, and the principles that guide our work. The District’s mission to inspire each student to love learning and embrace challenge within a rich and rigorous academic culture, and the vision to develop leaders who shape the world through independence, creativity and critical thinking set the standard for the education we provide. The Profile of the Clayton Graduate describes the attributes we hope for every Clayton graduate. The profile envisions graduates who are self-actualized, intellectually curious, culturally competent, empathetic, creative thinkers and collaborative. The profile influences our approach to learning. The District is governed by a seven-member elected Board of Education. Board governance is primarily by establishing District policy and hiring a Superintendent to oversee the District on a day-to-day basis. The budget is a vital policy document, and establishes financial accountability for District operations. Board of Education Ms. Stacy Siwak Board President Ms. Kim Hurst Board Vice-President Ms. Chris Win Board Secretary Mr. Jason Growe Board Treasurer Mr. Gary Pierson Director Mr. D. Leo Human Director Dr. Pamela Lyss-Lerman Director The Superintendent is the Chief Executive Officer of the District, supported by an administrative team. District Administration Nisha Patel, Ed.D Superintendent Milena Garganigo, Ed.D Assistant Supt – Teaching & Learning Robyn Wiens, Ed.D Assistant Supt – Student Services Kelly Sollberger, Ed.D Assistant Supt – Human Resources Cameron Poole, Ed.D Chief Equity & Inclusion Officer John Brazeal Chief Financial Officer Jeff Puls, CETL Chief Technology Officer Luke Heitert Chief Communications Officer