July 19, 2026 — Agenda

School District of Clayton For Information Only | Action Required Board of Education

Page 1 of 1 April 2025 Financial Reporting June 4, 2025

Summary This financial report provides an overview of the District’s financial activities for the period ended April 30, 2025 (10 months of FY 2025). The annual budget and this financial report are prepared on the cash basis of accounting, meaning that revenues are recognized when money is received and expenditures are recognized when checks are issued.

Financial Report Fiscal Year 2025 year-to-date financial results are meeting expectations.

Financial Reports are attached for April 30, 2025, and are presented in two views: 1. View #1 summarizes actual expenditures by Object (Salaries, Benefits, Services, Supplies, etc.) 2. View #2 summarizes actual expenditures by Function (Instructional, Support Services, etc.)

The purpose of multiple views is to enhance the reader’s perspective of district financial results.

Debt At April 30, 2025, the District had approximately $28.642M of General Obligation Bonds outstanding. Additionally, the District had approximately $2.235M of Capital Lease obligations outstanding. All current debt is scheduled to be retired by March 1, 2029.

Investments A report showing investment balances is attached. All investments comply with District policy.

Information Only No action required.

Submitted by: John Brazeal, Chief Financial Officer

Codes Annual Year-to-Date Annual Year-to-Date Annual Year-to-Date Annual Year-to-Date Budget Actual Budget Actual Budget Actual Budget Actual REVENUE 5199 Local - Total 23,876,630

25,199,658

38,298,500

24,198,802

7,707,100

6,077,113

3,641,500

3,815,223

5299 County Revenue 133,500

140,278

305,800

204,808

180,000

136,524

26,700

50,498

5399 State Revenue 305,990

314,236

2,007,980

1,265,598

5499 Federal Revenue 550,260

304,346

86,630

88,386

176,330

178,251

5699 Other Revenue -

21,011

25,000

1,937

5899 TOTAL REVENUE 24,866,380

25,979,529

40,698,910

25,757,593

8,063,430

6,391,888

3,693,200

3,867,658

EXPENDITURES (by Object) 6199 Salaries & Wages 9,781,290

7,695,642

31,403,460

22,436,248

6299 Employee Benefits 3,546,990

2,674,721

9,093,810

6,384,342

6399 Purchased Services 6,604,855

4,897,317

6499 Supplies 4,881,584

3,601,130

6599 Capital Outlay -

3,172,940

3,531,808

66XX Principal Pmts -

6,110,000

525,000

66XX Interest Pmts -

1,284,340

1,279,078

66,610

66,600

9999 Total Expenditures 24,814,719

18,868,810

40,497,270

28,820,590

7,394,340

7,389,078

3,764,550

4,123,409

Fund Transfers -

Change In Fund Balance 51,661

7,110,719

201,640

(3,062,997)

669,090

(997,190)

(71,350)

(255,751)

Beginning Fund Balance-June 30, 2024 27,247,961

27,247,961

11,796,484

5,433,124

3,608,139

Ending Fund Balance-Apr 30, 2025 34,358,681

8,733,487

4,435,934

3,352,388

Ending Fund Balance-June 30, 2025 27,299,622

11,998,124

6,102,214

3,536,789

School District of Clayton For Ten Months Ended April 30, 2025 Unaudited Fund 1 Fund 2 Fund 3 Fund 4 Descriptions General (Incidental) Special (Teachers) Debt Service Capital Projects View #1 View #1

Codes Annual Year-to-Date Annual Year-to-Date Annual Year-to-Date Annual Year-to-Date Budget Actual Budget Actual Budget Actual Budget Actual REVENUE 5199 Local - Total 23,876,630

25,199,658

38,298,500

24,198,802

7,707,100

6,077,113

3,641,500

3,815,223

5299 County Revenue 133,500

140,278

305,800

204,808

180,000

136,524

26,700

50,498

5399 State Revenue 305,990

314,236

2,007,980

1,265,598

5499 Federal Revenue 550,260

304,346

86,630

88,386

176,330

178,251

5699 Other Revenue -

21,011

25,000

1,937

5899 TOTAL REVENUE 24,866,380

25,979,529

40,698,910

25,757,593

8,063,430

6,391,888

3,693,200

3,867,658

EXPENDITURES (by Function) 1999 Total Instructional Expenditures 3,172,304

2,369,321

33,247,660

23,370,768

825,320

642,959

2999 Total Support Services Expendit 19,323,225

14,896,744

7,215,230

5,422,419

2,340,120

2,871,029

3999 Total Non-Instruction/Support 2,319,190

1,602,745

34,380

27,403

7,500

17,821

66XX Principal Pmts -

6,110,000

525,000

66XX Interest Pmts -

1,284,340

1,279,078

66,610

66,600

9999 Total Expenditures 24,814,719

18,868,810

40,497,270

28,820,590

7,394,340

7,389,078

3,764,550

4,123,409

Fund Transfers -

Change In Fund Balance 51,661

7,110,719

201,640

(3,062,997)

669,090

(997,190)

(71,350)

(255,751)

Beginning Fund Balance-June 30, 2024 27,247,961

27,247,961

11,796,484

5,433,124

3,608,139

Ending Fund Balance-Apr 30, 2025 34,358,681

8,733,487

4,435,934

3,352,388

Ending Fund Balance-June 30, 2025 27,299,622

11,998,124

6,102,214

3,536,789

School District of Clayton For Ten Months Ended April 30, 2025 Unaudited Fund 1 Fund 2 Fund 3 Fund 4 Descriptions General (Incidental) Special (Teachers) Debt Service Capital Projects View #2

DATE DATE PAR PURCHASE OPEN MATURITY ANTICIPATED ACTUAL BUDGETED INVESTMENT CUSIP FUND PURCHASED MATURE AMOUNT PRICE INVESTMENTS VALUE GAIN^ GAIN GAIN IF/Budget 1 07/01/24 06/30/25 $800,000.00 Interest 1 07/01/24 06/30/25 $0.00 $0.00 $250,364.48 $0.00 County Interest 1 07/01/24 06/30/25 $0.00 $0.00 $9,271.43 $0.00 MOSIP - Money Market 1 Various Various $3,148,285.26 $3,563,077.62 4.260 * $3,563,077.62 301,675.34

301,675.34

$0.00 MOSIP - Term 1 02/07/24 07/11/24 $1,000,000.00 -

5.230 $1,022,148.91 22,148.91

22,148.91

$0.00 MOSIP - Term 1 02/07/24 08/02/24 $1,000,000.00 -

5.240 $1,025,340.98 25,340.98

25,340.98

$0.00 MOSIP - Term 1 03/13/25 06/11/25 $4,000,000.00 4,000,000.00

4.280 $4,042,213.70 42,213.70

$0.00 CD 1 04/11/23 10/07/24 $233,000.00 -

4.750 $249,528.92 $17,091.18 17,091.18

$0.00 CD 1 04/11/23 04/10/25 $226,000.00 -

5.150 $249,278.00 23,278.00

24,428.63

$0.00 CD 1 04/11/23 04/10/25 $226,000.00 -

5.100 $249,052.00 23,052.00

24,107.32

$0.00 MOSIP BALANCE $7,563,077.62 MOCAAT - Liquid 1 $1,011,976.18 1,098,129.00

4.229 * 86,152.82

$0.00 MOCAAT - T-Note (8YM6) 1 04/20/23 10/31/24 $1,290,142.76 -

4.382 $1,346,913.04 56,770.28

56,770.28

$0.00 MOCAAT - T-Note (8ZL7) 1 04/20/23 04/30/25 $997,986.34 -

4.093 $1,075,000.00 77,013.66

77,013.66

$0.00 MOCAAT - T-Note (CEU1) 1 02/09/24 06/15/25 $3,484,210.94 $3,484,210.94 4.518 $3,560,000.00 75,789.06

$0.00 MOCAAT - Term 1 03/13/25 08/13/25 $1,500,000.00 $1,500,000.00 4.240 $1,526,659.73 26,659.73

MOCAAT BALANCE $6,082,339.94 Carrollton Bank CD (0411) 1 02/07/24 10/11/24 $1,012,544.91 -

5.200 $1,034,821.00 22,276.09

22,276.09

$0.00 Carrollton Bank CD (0412) 1 02/07/24 11/13/24 $2,024,852.78 -

5.150 $2,078,341.36 53,488.57

53,488.57

$0.00 Carrollton Bank CD (0409) 1 02/08/24 01/13/25 $3,542,248.72 -

5.000 $3,662,356.89 120,108.17

120,108.17

$0.00 Carrollton Bank CD (1503) 1 03/13/25 09/13/25 $14,000,000.00 14,000,000.00

4.300 $14,300,296.36 $300,296.36 -

$0.00 Total Carrollton Bank CDs $14,000,000.00 IF/Total $27,645,417.56 $38,985,028.51 $1,187,202.03 $1,090,237.86 $800,000.00 TF/Budget 2 07/01/24 06/30/25 $800,000.00 Interest 2 07/01/24 06/30/25 $0.00 $0.00 $77,826.30 $0.00 County Interest 2 07/01/24 06/30/25 $0.00 $0.00 $16,661.83 $0.00 MOSIP - Money Market 2 Various Various $3,583,477.80 $3,830,280.76 4.260 * $3,583,477.80 124,811.93

124,811.93

$0.00 MOSIP - Term 2 02/07/24 07/11/24 $500,000.00 -

5.230 $5,011,074.45 11,074.45

11,074.45

$0.00 MOSIP - Term 2 02/07/24 08/02/24 $1,500,000.00 -

5.240 $1,538,011.48 38,011.48

38,011.48

$0.00 MOSIP - Term 2 03/13/25 05/12/25 $3,000,000.00 3,000,000.00

4.260 $3,021,008.22 21,008.22

$0.00 CD 2 04/11/23 10/07/24 $233,000.00 -

4.750 $249,525.45 16,525.45

16,525.45

$0.00 CD 2 04/11/23 04/10/25 $227,000.00 -

4.850 $249,019.00 22,019.00

22,019.00

$0.00 CD 2 04/11/23 04/10/25 $227,000.00 -

4.800 $248,792.00 21,792.00

22,753.54

$0.00 CD 2 04/11/23 04/10/25 $226,000.00 -

5.150 $237,607.11 23,278.00

11,607.11

$0.00 MOSIP BALANCE $6,830,280.76 MOCAAT - Liquid 2 $1,067,405.42 1,086,196.48

4.229 * 18,791.06

$0.00 MOCAAT - T-Note (8YM6) 2 04/20/23 10/31/24 $992,417.51 -

4.382 $1,036,086.96 43,669.45

43,669.45

$0.00 MOCAAT - T-Note (8ZL7) 2 04/20/23 04/30/25 $997,986.32 -

4.093 $1,075,000.00 77,013.68

77,013.68

$0.00 MOCAAT BALANCE $1,086,196.48 Carrollton Bank CD (0410) 2 02/07/24 09/11/24 $2,531,657.99 -

5.250 $2,577,058.02 45,400.03

45,400.03

$0.00 Carrollton Bank CD (0411) 2 02/07/24 10/11/24 $506,272.46 -

5.200 $517,410.50 11,138.04

11,138.04

$0.00 Total Carrollton Bank CDs $0.00 TF/Total $7,916,477.24 $19,344,070.99 $455,741.73 $537,303.35 $800,000.00 DS/Budget 3 07/01/24 06/30/25 $100,000.00 Interest 3 07/01/24 06/30/25 $0.00 $0.00 $7,879.03 $0.00 County Interest 3 07/01/24 06/30/25 $0.00 $0.00 $3,116.07 $0.00 MOSIP - Money Market 3 Various Various ($12,851.34) $234,026.71 4.260 * $234,026.71 $36,619.49 $36,619.49 $0.00 MOSIP - Term 3 02/01/24 07/26/24 $2,200,000.00 $0.00 5.240 $2,255,435.19 $55,435.19 55,435.19

$0.00 MOSIP - Term 3 05/24/24 08/23/24 $3,100,000.00 $0.00 5.350 $3,141,348.90 $41,348.90 41,348.90

$0.00 MOSIP - Term 3 08/20/24 02/14/25 $1,650,000.00 $0.00 4.920 $1,689,589.15 $0.00 39,589.15

$0.00 MOSIP - Term 3 08/23/24 02/18/25 $3,100,000.00 $0.00 4.860 $3,173,885.32 $0.00 73,885.32

$0.00 MOSIP - Term 3 01/28/25 07/24/25 $1,760,000.00 $1,760,000.00 4.310 $1,796,784.96 $36,784.96 -

$0.00 MOSIP - Term 3 03/10/25 08/06/25 $2,200,000.00 $2,200,000.00 4.240 $2,238,078.68 $38,078.68 -

$0.00 DS/Total $4,194,026.71 $14,529,148.91 $208,267.22 $257,873.15 $100,000.00 BF/Budget 4 07/01/24 06/30/25 $80,000.00 Interest 4 07/01/24 06/30/25 $0.00 $0.00 $24,930.13 $0.00 County Interest 4 07/01/24 06/30/25 $0.00 $0.00 $1,852.11 $0.00 MOSIP - Money Market 4 Various Various $1,996,674.23 $2,059,523.16 4.260 * $2,059,523.16 62,848.93

62,848.93

$0.00 CD 4 03/13/25 06/11/25 $247,000.00 247,000.00

4.600 $249,832.72 2,832.72

$0.00 CD 4 03/13/25 06/11/25 $247,000.00 247,000.00

4.650 $249,863.51 2,863.51

$0.00 MOSIP BALANCE $2,553,523.16 Carrollton Bank CD (1504) 1 03/13/25 09/13/25 $500,000.00 500,000.00

4.300 $510,724.87 $10,724.87 -

$0.00 BF/Total $3,053,523.16 $3,069,944.26 $79,270.03 $89,631.17 $80,000.00 GRAND TOTAL $42,809,444.67 $75,928,192.67 $1,930,481.01 $1,975,045.53 $1,780,000.00 Funds at Carrollton Bank are at an interest rate of 3.60%. The April 2025 balance at Carrollton Bank is 10,186,326.49

* Interest rate represents the monthly distribution yield as of 4/30/25. ~ Interest rate represents the average interest rate on the various Certificates of Deposit. ^ Negative amounts in the actual gain column represent amounts paid for accrued interest on the investment. As of Dec. 18, 2024, MOSIP Fund Balances earn from 4.25% to 4.50% (approximately 100% of the Federal Funds Opening Weekly Average). RATE SCHOOL DISTRICT OF CLAYTON INVESTMENTS April-25

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July 19, 2026 — Agenda