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finance 2024 2025 Audited Financial Report

This document is the audited financial report for the Clayton School District for the fiscal year ending June 30, 2025.
Cited passage
18. Use of Estimates

The District also receives sales tax collected by the state and remitted based on eligible pupils. The District's taxpayers have voted to permanently waive the one-half of the amount of sales tax rollback. - 40 -

SCHOOL DISTRICT OF CLAYTON NOTES TO THE FINANCIAL STATEMENTS June 30, 2025 NOTE C – TAXES - CONTINUED The assessed valuation of the tangible taxable property for the calendar year 2024 for purposes of local taxation was: Real estate: Residential $ 816,240,860 Commercial 575,383,620 Personal property 134,011,650 $ 1,525,636,130 The tax levy per $100 of the assessed valuation of tangible taxable property for the calendar year 2024 for purposes of local taxation was as follows: Adjusted General Fund $ 1.5748 Special Revenue Fund 1.8600 Debt Service Fund 0.5110 Capital Projects Fund 0.3100 $ 4.2558 The receipts of current property taxes during the fiscal year ended June 30, 2025 aggregated approximately 95.6% of the 2024 assessment computed on the basis of the levy as shown above. - 41 -

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