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July 1, 2024 — Budget

This is the School District of Clayton’s proposed budget document for the 2024–2025 fiscal year (presented June 5, 2024). It includes multi-year revenue and expenditure tables by fund (General/Incidental, Teachers, Debt Service, Capital Projects, and All Funds), line-item revenue sources (property taxes, sales tax, tuition, investment income, cafeteria and activity receipts, grants, etc.), and expenditure categories (salaries, benefits, purchased services, supplies) with prior-year comparisons. The excerpts note assumptions about grant timing, that Fund 4 debt is scheduled to be paid off by March 1, 2029, and show specific budget figures such as total proposed revenues of $77,321,920 and individual line items (for example, Real Estate Tax – Current $56,910,500; Investment Gain $1,780,000).
Cited passage
7. View #7 compares 2024-2025 planned expenditures to the 2023-2024 prior year expenditure

Readers can drill down to greater expenditure detail in View #3, then further in View #6, and then further in View #7. Fund balance information is presented in Views #1, #2 & #3.

Fund 1 Fund 2 Fund 3 Fund 4 Total General Special Debt Capital All (Incidental) (Teachers) Service Projects Funds REVENUE Local - Property Taxes 16,244,000

34,531,500

7,607,100

2,975,000

61,357,600

Local - Other 7,632,630

3,767,000

100,000

666,500

12,166,130

Local Revenue 23,876,630

38,298,500

7,707,100

3,641,500

73,523,730

County Revenue 133,500

305,800

180,000

26,700

646,000

State Revenue 305,990

2,007,980

-

-

2,313,970

Federal Revenue 550,260

86,630

176,330

-

813,220

Other Revenue -

-

-

25,000

25,000

TOTAL REVENUE 24,866,380

40,698,910

8,063,430

3,693,200

77,321,920

EXPENDITURES Salaries/Wages 9,781,290

31,403,460

-

-

41,184,750

Employee Benefits 3,546,990

9,093,810

-

-

12,640,800

Purchased Services 6,553,855

-

-

-

6,553,855

Supplies 4,874,164

-

-

-

4,874,164

Capital Outlay -

-

-

3,177,360

3,177,360

Debt Service -

-

7,394,340

591,610

7,985,950

TOTAL EXPENDITURES 24,756,299

40,497,270

7,394,340

3,768,970

76,416,879

Fund Transfers -

-

-

-

-

Change In Fund Balance 110,081

201,640

669,090

(75,770)

905,041

Beg Fund Bal-June 30, 2024 25,000,000

10,000,000

5,500,000

4,000,000

44,500,000

End Fund Bal-June 30, 2025 25,110,081

10,201,640

6,169,090

3,924,230

45,405,041

School District of Clayton For Year Ending June 30, 2025 Proposed Budget Operating Funds Descriptions View #1 Budget Summary View #1 – by Fund by Object Revenue is categorized by Local, County, State, Federal and Other. Expenditures are categorized by Salaries, Employee Benefits, Purchased Services, Supplies, Capital Outlay, Principal and Interest payments. The cost of personnel (salaries, wages and benefits) comprise the largest share of District spending, which is typical and necessary for school systems.

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