2021-2022 Budget June 2, 2021 TABLE OF CONTENTS BUDGET MESSAGE 1 INTRODUCTORY SECTION 4 District Entity 5 Governance 5 Board of Education 5 The Role of the Board 5 Decision Making 5 Executive Administration 6 District Organizational Chart 6 District Mission and Goals 7 Mission, Vision and Core Values 7 Strategic Planning 8 Our Schools 11 Enrollment 12 Resident 13 Non-Resident 14 Budgets and Budgetary Accounting 16 Budget Management 16 Budget Cycle 16 Budget Development Process 17 Summary of Significant Account Policies 19 Fund Accounting 19 Revenue 20 Sources of Revenue 21 Estimating Revenue 25 Establishing a Tax Rate 26 Total Revenue by Fund 27 Operating Revenue by Object 28 Expenditures 29 Expenditures by Function 29 Expenditures by Object 29 Total Expenditures by Fund 30 Operating Expenditures by Object 31 Staffing 32 Salaries and Benefits 32 School Building & Dept Budgets 33 Capital Expenditures 33 Clayton Recreation Sports & Wellness 34 Family Center 35 Parents as Teachers 36 Early Childhood Special Education 37 Summer Programs 37 COVID-19 Impact 37 Debt Service 38 General Obligation Bonds Outstanding 39 Fund Balance 40 Reporting 41 FINANCIAL SECTION 42 Actual Revenues, Expenditures & Balances 43 Estimated Revenues, Expenditures & Balances 45 Budgeted Revenues Expenditures & Balances 47 Revenue Budget & Four-Year Comparison 49 Estimated Other Revenues by Fund 52 Revised Estimated Prior Year Other Revenues 55 Total Expenditures Function/Fund 58 Location/Fund 61 Function/Object 63 Location/Object 67 Operating Expenditures Function/Fund 69 Location/Fund 72 Function/Object 74 Location/Object 77 Capital Improvement Plan (CIP) Expenditures 79 Business-Type Activities 82 Prior-Year Total Expenditures 84 Four-Year Comparison by Fund 85 Four-Year Comparison by Function 86 Four-Year Comparison by Object 88 Four-Year Comparison by Location 89 Prior-Year Operating Expenditures 90 Four-Year Comparison by Fund 91 Four-Year Comparison by Function 92 Four-Year Comparison by Object 94 Four-Year Comparison by Location 95 GLOSSARY 96