Enrollment has been declining in the St. Louis region for more than a decade due primarily to lower birth rates. District enrollment is at a 30-year low and projected to slowly decline further. This projected decline has minimal effect upon District revenue projections. Historical and projected enrollment data is provided later in this document. Assessed Valuation, Tax Rate & Collection Rates Accurately forecasting these factors is important for determining property tax collections, the primary source of District revenue. Reassessment scheduled for calendar 2023 will impact tax rates to 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 2023 AV data indicates property tax revenue for 2023-2024 will increase approximately 5%. Historical and projected AV data and tax rates are presented in greater detail later in this document. Revenue The revenue budget for 2023-2024 is forecast at $78.25M, an increase of $6.15M over prior year 2022- 2023 revenue projections. Significant revenue components of the 2023-2024 budget are:  Property tax growth due to reassessment & allowable CPI capture  Property tax growth due to new construction

Expenditures The expenditure budget for 2023-2024 is set at $75.39M, an increase of $1.17M over prior year 2022- 2023 spending estimates. Significant expenditure components of the 2023-2024 budget are:  Staff compensation is projected to increase due to revised pay schedules as the District seeks to retain staff and respond to the effects of inflation upon compensation.  The increased cost of services and supplies due to inflation has been accounted for within the budget. 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.  Object describes the type of expenditure, such as salaries, employee benefits, services, or supplies.  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. Budget Number Data The next several pages provide several views of budget numbers

presented in summary form by Object.

presented in summary form by Function.

projections and actual revenue collections for 2021-2022, 2020-2021 and 2019-2020. Multi-year trends are easily discernable. Please be aware the pandemic years of 2021-2022 and 2020-2021 include data that appears skewed from normal trends.