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financial_report 2024-09-30 MO State Auditor #qc9b73597 Open original ↗

City of Clayton ACFR — year ended September 30, 2024 (full report)

This is the City of Clayton, Missouri annual comprehensive financial report (including the single-audit report) for the year ended September 30, 2024. The excerpts show financial statements and schedules (statement of activities, governmental funds balance sheet, schedule of expenditures of federal awards, notes and required supplementary information), discussion of investment and pension trust fund policies, and budgetary process procedures. Specific figures shown include total primary government expenses of $34,563,939, net change in net position of $8,872,780 and ending net position of $121,378,373; major revenue line items such as property tax $9,755,016, sales tax $11,882,392, and utility tax $5,596,998; fund-level cash, investments and receivables (total governmental funds assets $76,677,902); a City contribution to the Uniformed Employees’ Retirement Fund of $849,199 in 2024; actuarial assumption changes (discount rate from 4.87% to 4.06%); and a reported $136 budget overrun in the 2021 Special Obligation Bond Issue Debt Service Fund.
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3. CAPITAL ASSETS

The City’s capital asset activity for the year ended September 30, 2024 was as follows:

Balance Balance October 1 September 30 2023 Increases Decreases 2024 Non-depreciable capital assets Land 10,326,819 $ - $ - $ 10,326,819 $ Construction in progress 748,295

2,333,574

559,050

2,522,819

Total non-depreciable capital assets 11,075,114

2,333,574

559,050

12,849,638

Capital assets being depreciated Buildings 57,777,585

149,506

-

57,927,091

Improvements other than buildings 17,766,308

678,351

-

18,444,659

Machinery and equipment 15,597,555

1,141,763

430,855

16,308,463

Infrastructure 54,215,123

134,637

-

54,349,760

Total capital assets being depreciated 145,356,571

2,104,257

430,855

147,029,973

Less: Accumulated depreciation for capital assets Buildings 21,765,213

1,368,671

-

23,133,884

Improvements other than buildings 4,405,126

735,113

-

5,140,239

Machinery and equipment 10,364,150

1,397,051

408,712

11,352,489

Infrastructure 23,916,417

1,934,164

-

25,850,581

Total accumulated depreciation 60,450,906

5,434,999

408,712

65,477,193

Total capital assets being depreciated, net 84,905,665

(3,330,742)

22,143

81,552,780

CAPITAL ASSETS, NET 95,980,779 $ (997,168) $ 581,193 $ 94,402,418 $

Depreciation expense was charged to functions/programs for the year ended September 30, 2024 as follows:

General government 1,313,383 $ Public safety 849,629

Public works 2,356,167

Parks and recreation 915,820

TOTAL DEPRECIATION EXPENSE 5,434,999 $

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CITY OF CLAYTON, MISSOURI NOTES TO FINANCIAL STATEMENTS (Continued)

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