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budget 2019-07-01 Board portal #q60239842 Open original ↗

July 1, 2019 — Budget

This is the School District of Clayton’s fiscal budget document for the 2019–2020 year (adopted June 5, 2019). It presents revenue and expenditure summaries by fund (General, Teachers’, Capital Projects, Debt Service, etc.), sources of revenue (local property taxes, state, federal, grants), fund balances, debt schedules and legal debt margin, and detailed function-by-fund expenditure lines for schools and programs. The excerpts show concrete figures such as estimated beginning and budgeted ending fund balances (e.g., total budgeted balance $22,312,831), revenue and expenditure totals (total revenues $69,156,550; total expenditures $64,601,990), and outstanding general obligation bond balances and schedules (total original issues and a remaining balance summary, with an $80.7 million legal debt margin). The document also notes accounting system changes affecting year-to-year account comparisons.
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INTRODUCTORY SECTION 5 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 18,700 residents, it is also home to Forbes and Fortune 500 headquarters. The District provides education for a stable enrollment of approximately 2,600 students in kindergarten (K) through 12th grade. The District’s facilities include an early childhood center, three elementary (K-5), one middle (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 Mr. Joe Miller President Dr. Lily Raymond Director Ms. Amy Rubin Vice President Ms. Kristin Redington Director Mr. Gary Pierson Secretary Ms. Stacy Siwak Director Mr. Jason Wilson 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. 6

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