Strategic Capital Improvement Investments Plan Alignment School District of Clayton For Year Ending June 30, 2025 Proposed Capital Improvement Expenditures Gutters and downspouts repairs - Little Theater, Library, Math wing 20,000 Goal 1 Baseball pitching equipment 12,000 Goal 3 Theater equipment replacement 7,500 Goal 2 Carpet replacement 5,000 Furniture replacement 5,000 Camera replacements 5,000 Goal 2 Limestone Facing - inspect, clean, seal, repair as needed. 5,000 Goal 1 Concrete sidewalk repairs 5,000 Goal 1 Furniture replacement 3,500 Replacement of calculators 3,000 Goal 2 Replacement of pots and pans for culinary courses 2,000 Goal 2 New whiteboard in 106, replacment DVD's 1,500 Goal 2 CHS gym floor refinish, 23/24 rollover of $60,000 - Goal 1 CHS cafeteria floor replacement, 23/24 rollover of $36,000 - Goal 1 Family Center Fire Alarm panel upgrade 20,000 Goal 1 Intercom system replacement 25,000 Goal 1 HVAC - ceiling mounted unit ventilator replacements 20,000 Goal 1 HVAC - condensing unit replacements 20,000 Goal 1 Rebuild Tie wall around A/C units 5,000 Goal 1 Furniture replacement 2,000 Maintenance Maintenance vehicle replacement 50,000 Concrete Apron at bay door 15,000 Technology TIP 5,000 Administraton Technology TIP 130,000 Goal 2 Contingency funds for building repairs 30,000 Cafeteria POS equipment replacement 11,000 Admin building equipment 10,000 For emergency use and unanticipated needs 10,000 Cafeteria equipment 7,500 Goal 1 Additional exterior wireless access points 4,000 Goal 2 Print shop equipment 2,500 Furniture replacement 2,000 Communication equipment replacement 1,000 District wide Long Range Facility Master Plan 264,000 Goals 1/2/3 District wide Contingency 150,000 Centegix Crisis Alert System 126,800 Goal 1 Security camera upgrades 75,000 Goal 1 Wayfinding Signage plus 23/24 rollover of $75,000 45,000 Goal 1 District wide furniture replacements 35,000 Strategic Capital Improvement Investments Plan Alignment School District of Clayton For Year Ending June 30, 2025 Proposed Capital Improvement Expenditures Misc site improvements 15,000 District wide security equipment replacements 10,000 Goal 1 Athletic Fields Site improvements 50,000 Electrical branch circuit panel replacements 10,000 Goal 1 Electrical - main switch gear panel maintenance 10,000 Goal 1 Plunbing repairs-drains in Field House locker room 10,000 Goal 1 Building renovations 5,000 HVAC upgrades, 23/24 rollover of $185,000 - Goal 1 Other COC site improvements 5,000 Total Capital Improvement Investments 3,177,360

Strategic Capital Improvement Investments Plan Alignment School District of Clayton For Year Ending June 30, 2025 Proposed Capital Improvement Expenditures Misc site improvements 15,000 District wide security equipment replacements 10,000 Goal 1 Athletic Fields Site improvements 50,000 Electrical branch circuit panel replacements 10,000 Goal 1 Electrical - main switch gear panel maintenance 10,000 Goal 1 Plunbing repairs-drains in Field House locker room 10,000 Goal 1 Building renovations 5,000 HVAC upgrades, 23/24 rollover of $185,000 - Goal 1 Other COC site improvements 5,000 Total Capital Improvement Investments 3,177,360 Assessed Valuation, Tax Rate & Collection Rates Accurately forecasting these factors is important for determining property tax collections, the primary source of District revenue. Reassessment is scheduled for odd-numbered years, and will not take place during calendar 2024. Tax rates will be determined during September of the fiscal year. Tax rate setting is impacted by changes in assessed valuations as determined by the St. Louis County Assessor’s Office, as well as changes in the Consumer Price Index (CPI) as determined by the Missouri State Auditor’s Office. Preliminary 2024 AV data indicates property tax revenue for 2024-2025 will not increase or decrease significantly; nevertheless, there is concern in regards to assessment data and the increased level of taxpayer challenges to assessed valuations. For example, in tax year 2023 preliminary commercial real estate valuations released in March 2023 showed an increase in valuations of 35.7% (which seems unrealistic at face value) over 2022 valuations. When revised commercial real estate valuations were released in September 2023, the increase had declined to a more realistic 6.33% over 2022 valuations. Wild swings in valuations lessen confidence in the assessment process. Meanwhile, commercial property taxpayers have appealed assessed valuations at unprecedented rates. For tax year 2023, the assessed valuation of protested commercial parcels has reached 64.73% of total commercial AV. As these challenges to commercial valuations are resolved over the next couple years, it is likely the school district will be required to return tax collections. Ultimately, the increasing magnitude of these factors create uncertainty for projecting property tax revenue. Current property tax collections during 2023-2024 (calendar year 2023 taxes) have experienced a greater level of protested payments than observed in previous years. As these cases are resolved in the coming months/years, some repayments of tax collections are probable. Delinquent property tax collections during 2023-2024 have been negative, meaning the district has had to return tax collections from prior years. During 2023-2024, returned collections for tax year 2022 totaling approximately $1.49M, along with returned collections for tax year 2021 totaling approximately $1.35M, for a combined refund of $2.84M. As a result, net tax collections (current and delinquent) for 2023-2024 have only achieved a collection rate less than 96%, as compared to more normal 99% collection rates. As a cautionary measure, the 2024-2025 net property tax collection rate is estimated at a restrained 97.24%. Historical and projected AV data, tax rates and tax collection information are presented in greater detail on the following page.

As a cautionary measure, the 2024-2025 net property tax collection rate is estimated at a restrained 97.24%. Historical and projected AV data, tax rates and tax collection information are presented in greater detail on the following page. Fiscal Year Residential Commercial Personal Total 2020/21 698,200,780 520,632,810 99,990,120 1,318,823,710 2021/22 742,804,390 517,601,920 105,164,680 1,365,570,990 2022/23 750,248,380 517,869,390 124,044,130 1,392,161,900 2023/24 811,113,020 584,084,110 123,071,700 1,518,268,830 2024/25 811,701,110 579,789,600 123,796,410 1,515,287,120 Fiscal Year Residential Commercial Personal Blended 2020/21 4.1527 4.7354 4.5567 4.4134 2021/22 4.0373 4.7658 4.5567 4.3534 2022/23 4.0584 4.7643 4.5567 4.3654 2023/24 3.8516 4.6025 4.4447 4.1885 2024/25 3.8516 4.6025 4.4447 4.1885 Fiscal Year Residential Commercial Personal Total 2020/21 28,269,329 24,037,695 4,442,344 56,749,368 2021/22 29,239,511 24,051,175 4,672,238 57,962,924 2022/23 29,686,878 24,056,030 5,511,011 59,253,919 2023/24 30,459,808 26,210,409 5,333,414 62,003,631 2024/25 31,091,531 26,538,050 5,472,116 63,101,697 Fiscal Year Current Delinquent Total Collection Rate 2020/21 56,469,791 (260,313) 56,209,478 99.05% 2021/22 59,245,361 (1,314,248) 57,931,114 99.95% 2022/23 58,641,604 209,276 58,850,880 99.32% 2023/24 61,564,000 (2,312,918) 59,251,082 95.56% 2024/25 62,343,100 (985,500) 61,357,600 97.24% School District of Clayton Tax Base, Tax Rates & Tax Revenue Assessed Valuation (Tax Base) Tax Rates Estimated Tax Yield (Revenue) Property Tax Collections NOTE: Collection data for 2023/24 and 2024/25 represent budget projections. NOTE: Assessed Valuation data for 2024/25 has not been published. NOTE: Tax Rates are preliminary and subject to change. NOTE: 2024/25 Est. revenue is subject to change w/ change in AV & rates

NOTE: Tax Rates are preliminary and subject to change. NOTE: 2024/25 Est. revenue is subject to change w/ change in AV & rates Trends As a general rule, expenditures typically trend with inflation. Revenue typically demonstrates a growth rate less than the rate of inflation, which eventually requires a boost in tax revenue to keep pace with expenditures. Fund balances typically rise in the years after a tax rate increase, but later flatten and eventually decline as expenditure growth exceeds revenue growth. This is the financial plight of school districts in Missouri. The following graph demonstrates these trends. Data for years 2015 through 2023 is actual, while data for years 2024 through 2027 is estimated. Fund balance is in a strong position. Expenditures will be managed with the intent to improve upon initial estimates. Account Code Structure & Definition of Budget Terms The District uses an account code structure that complies with the Missouri Account Manual. The account code structure has the following components: Fund Function Object Location Source Project Misc-1 Misc-2 XXX XXXX XXXX XXXX X XXXXX XXX XX A brief explanation of each segment of the account code structure is:  The District maintains four Funds: General, Teachers, Debt Service and Capital Improvement.  Function refers to the action or purpose of the expenditure, such as elementary instruction, or social work, or facility maintenance. See “Expenditures by Function” below for descriptions.  Object describes the type of expenditure, such as salaries, employee benefits, services, or supplies. See “Expenditures by Object” below for expanded descriptions.  Location can refer to either a building or a department  Source of Funds is used to identify an expenditures paid from a specific revenue source.  Misc-1 and Misc-2 are used to add further coding for additional tracking purposes.

See “Expenditures by Function” below for descriptions.  Object describes the type of expenditure, such as salaries, employee benefits, services, or supplies. See “Expenditures by Object” below for expanded descriptions.  Location can refer to either a building or a department  Source of Funds is used to identify an expenditures paid from a specific revenue source.  Misc-1 and Misc-2 are used to add further coding for additional tracking purposes. Financial Reporting Every Missouri school district is required to file a yearly financial summary report with DESE by August 15 of each year entitled the Annual Secretary of the Board Report (ASBR). The District submits this report for all governmental funds on the cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles (GAAP). The cash basis is used to enable the District to more accurately compare itself to other districts since the majority of the districts within the state of Missouri report on the cash basis of accounting. In accordance with RSMo 165.121 and Board Policy DIE, every district within the state of Missouri is required to file audited financial statements with DESE by December 31 of each year. The auditor’s management letter and a copy of the Board minutes indicating approval of the audit report must also be submitted to DESE. The District’s audited financial statements are prepared and audited in accordance with GAAP.