July 19, 2026 — Agenda
School District of Clayton For Information Only | Action Required Board of Education
Page 1 of 1 December 2025 Financial Reporting January 21, 2026
Summary This financial report provides an overview of the District’s financial activities for the period ended December 31, 2025 (6 months of FY 2026). 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 2026 year-to-date financial results are meeting expectations.
Financial Reports are attached for December 31, 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 December 31, 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.
2025 Property Tax Collections Earlier in 2025, St Louis County installed new software for billing and collection of property taxes. Their transition to new software caused delays in tax billings. Consequently, tax collections have been running behind prior years. Likewise, distribution of tax collections has been running about 30 days behind prior years. Fortunately, District fund balances are sufficient to absorb the delayed revenue.
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 24,970,930
8,632,943
39,874,000
10,663,806
8,052,000
2,252,244
3,747,000
1,150,986
5299 County Revenue 133,500
-
305,800
22,218
180,000
-
26,700
-
5399 State Revenue 305,990
59,043
2,007,980
584,834
-
-
-
-
5499 Federal Revenue 540,210
155,833
86,630
26,329
176,330
88,160
-
-
5699 Other Revenue -
5,188
-
-
-
-
25,000
1,103
5899 TOTAL REVENUE 25,950,630
8,853,007
42,274,410
11,297,188
8,408,330
2,340,404
3,798,700
1,152,089
EXPENDITURES (by Object) 6199 Salaries & Wages 10,621,117
4,816,627
32,407,161
12,395,506
-
-
-
-
6299 Employee Benefits 3,753,447
1,736,895
9,361,364
3,445,670
-
-
-
-
6399 Purchased Services 6,595,935
3,531,355
-
-
-
-
-
-
6499 Supplies 4,810,134
2,627,627
-
-
-
-
-
-
6599 Capital Outlay -
-
-
-
-
-
3,198,530
2,571,352
66XX Principal Pmts -
-
-
-
6,110,000
-
525,000
-
66XX Interest Pmts -
-
-
-
1,284,340
527,087
66,610
27,188
9999 Total Expenditures 25,780,633
12,712,503
41,768,525
15,841,176
7,394,340
527,087
3,790,140
2,598,540
Fund Transfers -
-
-
-
-
-
-
-
Change In Fund Balance 169,997
(3,859,496)
505,885
(4,543,988)
1,013,990
1,813,316
8,560
(1,446,451)
Beginning Fund Balance-June 30, 2025 36,698,550
36,698,550
4,851,381
4,851,381
6,089,732
6,089,732
3,775,731
3,775,731
Ending Fund Balance-Dec 31, 2025 32,839,054
307,393
7,903,049
2,329,280
Ending Fund Balance-June 30, 2026 36,868,547
5,357,266
7,103,722
3,784,291
Descriptions General (Incidental) Special (Teachers) Debt Service Capital Projects School District of Clayton For Six Months Ended December 31, 2025 Unaudited Fund 1 Fund 2 Fund 3 Fund 4 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 24,970,930
8,632,943
39,874,000
10,663,806
8,052,000
2,252,244
3,747,000
1,150,986
5299 County Revenue 133,500
-
305,800
22,218
180,000
-
26,700
-
5399 State Revenue 305,990
59,043
2,007,980
584,834
-
-
-
-
5499 Federal Revenue 540,210
155,833
86,630
26,329
176,330
88,160
-
-
5699 Other Revenue -
5,188
-
-
-
-
25,000
1,103
5899 TOTAL REVENUE 25,950,630
8,853,007
42,274,410
11,297,188
8,408,330
2,340,404
3,798,700
1,152,089
EXPENDITURES (by Function) 1999 Total Instructional Expenditures 3,178,574
1,537,827
34,071,744
12,677,088
-
-
851,350
493,675
2999 Total Support Services Expendit 20,147,509
10,322,260
7,662,141
3,149,118
-
-
2,339,680
2,066,903
3999 Total Non-Instruction/Support 2,454,550
852,417
34,640
14,970
-
-
7,500
10,775
66XX Principal Pmts -
-
-
-
6,110,000
-
525,000
-
66XX Interest Pmts -
-
-
-
1,284,340
527,087
66,610
27,188
9999 Total Expenditures 25,780,633
12,712,503
41,768,525
15,841,176
7,394,340
527,087
3,790,140
2,598,540
Fund Transfers -
-
-
-
-
-
-
-
Change In Fund Balance 169,997
(3,859,496)
505,885
(4,543,988)
1,013,990
1,813,316
8,560
(1,446,451)
Beginning Fund Balance-June 30, 2025 36,698,550
36,698,550
4,851,381
4,851,381
6,089,732
6,089,732
3,775,731
3,775,731
Ending Fund Balance-Dec 31, 2025 32,839,054
307,393
7,903,049
2,329,280
Ending Fund Balance-June 30, 2026 36,868,547
5,357,266
7,103,722
3,784,291
Descriptions General (Incidental) Special (Teachers) Debt Service Capital Projects School District of Clayton For Six Months Ended December 31, 2025 Unaudited Fund 1 Fund 2 Fund 3 Fund 4 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 $880,000.00 Interest 1 07/01/24 06/30/25 $0.00 $0.00 $151,870.07 $0.00 County Interest 1 07/01/24 06/30/25 $0.00 $0.00 $176.45 $0.00 MOSIP - Money Market 1 Various Various $13,993,416.29 $14,074,261.19 3.780 * $14,074,261.19 80,844.90
80,844.90
$0.00 MOSIP - Term 1 06/23/25 11/24/25 $5,000,000.00 $0.00 4.220 $5,090,923.29 90,923.29
90,923.29
$0.00 MOSIP BALANCE $14,074,261.19 MOCAAT - Liquid 1 $4,300,026.12 4,336,255.82
3.753 * 36,229.70
$0.00 MOCAAT - Term 1 03/13/25 08/13/25 $1,500,000.00 $0.00 4.240 $1,526,659.73 26,659.73
26,659.73
$0.00 MOCAAT - Term 1 03/13/25 09/29/25 $1,000,000.00 $0.00 4.310 $1,010,627.40 10,627.40
10,627.40
$0.00 MOCAAT - Term 1 03/13/25 12/26/25 $1,000,000.00 $0.00 4.270 $1,020,823.56 20,823.56
20,823.56
$0.00 MOCAAT - Term 1 03/13/25 03/30/26 $1,000,000.00 $1,000,000.00 3.950 $1,029,435.62 29,435.62
-
$0.00 MOCAAT - Term 1 03/13/25 05/26/26 $1,000,000.00 $1,000,000.00 3.930 $1,035,423.84 35,423.84
-
$0.00 MOCAAT - Term 1 08/14/25 11/13/25 $1,500,000.00 $0.00 4.220 $1,515,781.64 15,781.64
15,781.64
$0.00 MOCAAT BALANCE $6,336,255.82 Carrollton Bank CD (1503) 1 03/13/25 09/13/25 $14,149,351.53 $0.00 4.300 $14,300,296.36 $150,944.82 150,944.82
$0.00 Carrollton Bank CD (1503) 1 09/13/25 10/06/25 $14,300,296.35 $0.00 2.089 $14,319,121.53 $18,825.18 18,825.18
$0.00 Carrollton Bank CD (2011) 1 10/09/25 11/12/25 $3,000,000.00 $0.00 3.941 $3,011,014.32 $11,014.32 11,014.32
$0.00 Carrollton Bank CD (2012) 1 10/09/25 11/24/25 $3,000,000.00 $0.00 3.941 $3,014,900.22 $15,227.28 15,227.28
$0.00 Carrollton Bank CD (2013) 1 10/09/25 12/18/25 $2,000,000.00 $0.00 3.941 $2,015,127.97 $15,127.97 15,127.97
$0.00 Total Carrollton Bank CDs $0.00 IF/Total $20,410,517.01 $62,964,396.67 $521,659.55 $645,076.31 $880,000.00 TF/Budget 2 07/01/24 06/30/25 $880,000.00 Interest 2 07/01/24 06/30/25 $0.00 $0.00 $13,405.45 $0.00 County Interest 2 07/01/24 06/30/25 $0.00 $0.00 $4,577.41 $0.00 MOSIP - Money Market 2 Various Various $4,257.73 $14,724.04 3.780 * $4,257.73 10,466.31
10,466.31
$0.00 MOSIP - Term 2 06/23/25 09/19/25 $500,000.00 $0.00 4.320 $505,207.67 5,207.67
5,207.67
$0.00 MOSIP BALANCE $14,724.04 MOCAAT - Liquid 2 $90,982.26 99,125.88
3.753 * 8,143.62
$0.00 MOCAAT BALANCE $99,125.88 TF/Total $113,849.92 $509,465.40 $15,673.98 $41,800.46 $880,000.00 DS/Budget 3 07/01/24 06/30/25 $110,000.00 Interest 3 07/01/24 06/30/25 $0.00 $0.00 $1,670.30 $0.00 County Interest 3 07/01/24 06/30/25 $0.00 $0.00 $85.11 $0.00 MOSIP - Money Market 3 Various Various $215,318.48 $236,201.15 3.780 * $236,201.15 $20,882.67 $20,882.67 $0.00 MOSIP - Term 3 01/28/25 07/24/25 $1,760,000.00 $0.00 4.310 $1,796,784.96 $1,796,784.96 36,784.96
$0.00 MOSIP - Term 3 03/10/25 08/06/25 $2,200,000.00 $0.00 4.240 $2,238,078.68 $38,078.68 38,078.68
$0.00 MOSIP - Term 3 08/14/25 02/09/26 $5,500,000.00 $5,500,000.00 4.060 $5,609,508.77 $109,508.77 -
$0.00 DS/Total $5,736,201.15 $9,880,573.56 $1,965,255.08 $97,501.72 $110,000.00 BF/Budget 4 07/01/24 06/30/25 $88,000.00 Interest 4 07/01/24 06/30/25 $0.00 $0.00 $6,849.93 $0.00 County Interest 4 07/01/24 06/30/25 $0.00 $0.00 $41.63 $0.00 MOSIP - Money Market 4 Various Various $773,125.68 $794,786.64 3.780 * $794,786.64 21,660.96
21,660.96
$0.00 MOSIP BALANCE $794,786.64 Carrollton Bank CD (1504) 4 03/13/25 09/13/25 $505,333.98 $0.00 4.300 $510,724.87 $5,390.88 5,390.88
$0.00 Carrollton Bank CD (1504) 4 09/13/25 03/13/26 $510,724.86 516,052.27
4.184 $521,262.06 $10,537.20 5,327.41
$0.00 BF/Total $1,310,838.91 $1,826,773.57 $37,589.04 $39,270.81 $88,000.00 GRAND TOTAL $27,571,406.99 $75,181,209.20 $2,540,177.65 $823,649.30 $1,958,000.00 Funds at Carrollton Bank are at an interest rate of 3.15%. The December 2025 balance at Carrollton Bank is 12,531,028.20
* Interest rate represents the monthly distribution yield as of 12/31/25. ~ 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. 10, 2025, MOSIP Fund Balances earn from 3.50% to 3.75% (approximately 100% of the Federal Funds Opening Weekly Average). RATE SCHOOL DISTRICT OF CLAYTON INVESTMENTS December-25