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budget 2021-07-01 Board portal #q8f4bf214 Open original ↗

July 1, 2021 — Budget

This document is the School District of Clayton’s adopted budget for the 2021–2022 fiscal year (report dated June 2, 2021). It describes the district’s accounting policies and fund structure (general, special revenue, debt service, capital projects, enterprise and internal service funds), reserves and budgeting practices, and program-level budgeted expenditures by function and fund. The excerpts list specific budget figures (for example, total expenditures by program such as $10,881,510 for elementary, $10,098,690 for high school) and note reserve actions (a board-approved release of $380,000 in 2019–2020 and a target to replenish reserves up to $500,000 at up to $100,000 per year). It also references ongoing financial reviews, staffing and revenue projections, and operational recommendations for programs like the Family Center.
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2017. The recommendations added $100,000 of additional funding for technology beyond the previous allocation of

Funding is allocated based on operational needs. District administration will continue to review the Family Center’s fee structure to ensure tuition maintains competitiveness with market programs and covers the historical percentage of operating costs. Historic funding levels and District support are provided in the following chart and gap analysis:

2015- 2016 2016- 2017 2017- 2018 2018- 2019 2019- 2020 2020- 2021*^ 2021- 2022*^ Program Revenues $769,746 $743,045 $813,688 $785,931 $538,904 $433,000 $703,000 Operational Costs~ $399,302 $406,795 $441,623 $503,148 $482,401 $732,930 $552,690 Program Costs $744,649 $762,832 $799,383 $812,431 $833,810 $893,560 $951,300 Total Expenses $1,143,951 $1,169,627 $1,241,006 $1,315,579 $1,316,211 $1,626,490 $1,503,990 District Support $ $374,205 $426,582 $427,318 $529,648 $777,307 $1,193,490 $800,990 District Support % 32.71% 36.47% 34.43% 40.26% 59.06% 73.38% 53.26% Program Generated 67.29% 63.53% 65.57% 59.74% 40.94% 26.62% 46.74%

*Budgeted ^Loss of revenue due to COVID-19 ~Operational costs include building and grounds capital improvements (i.e. HVAC, roof replacement, parking lot repairs, etc.) 35

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