July 19, 2026 — Agenda
School District of Clayton For Information Only | Action Required Board of Education
Page 1 of 2 October 2025 Financial Reporting December 10, 2025
Summary This financial report provides an overview of the District’s financial activities for the period ended October 31, 2025 (4 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 October 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 October 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.
FY 2025 Audit KEB, the District’s independent auditor, has initiated work on the FY 2025 audit for the year ended June 30, 2025. The audit report will be presented to the Board of Education in December 2025.
Annual Secretary of the Board Report (ASBR) The ASBR for FY 2025 has been submitted on an initial basis to DESE as required. The final version will be submitted in conjunction with completion of the FY 2025 audit. The final version will be available for public viewing.
Senior Property Owner Tax Freeze Impact For the 2025 tax year, St Louis County reports that Clayton Schools have 1,027 properties participating in the Senior Property Owner Tax Freeze program, producing a revenue loss of $472,948.44 for the 2025-2026 fiscal year.
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
2,625,685
39,874,000
1,025,390
8,052,000
112,924
3,747,000
73,160
5299 County Revenue 133,500
-
305,800
22,218
180,000
-
26,700
-
5399 State Revenue 305,990
27,182
2,007,980
381,952
-
-
-
-
5499 Federal Revenue 540,210
105,244
86,630
26,329
176,330
88,160
-
-
5699 Other Revenue -
2,708
-
-
-
-
25,000
100
5899 TOTAL REVENUE 25,950,630
2,760,819
42,274,410
1,455,889
8,408,330
201,084
3,798,700
73,260
EXPENDITURES (by Object) 6199 Salaries & Wages 10,621,117
3,057,714
32,407,161
7,095,847
-
-
-
-
6299 Employee Benefits 3,753,447
963,008
9,361,364
1,954,628
-
-
-
-
6399 Purchased Services 6,595,935
1,835,810
-
-
-
-
-
-
6499 Supplies 4,810,134
2,042,216
-
-
-
-
-
-
6599 Capital Outlay -
-
-
-
-
-
3,198,530
1,465,089
66XX Principal Pmts -
-
-
-
6,110,000
-
525,000
-
66XX Interest Pmts -
-
-
-
1,284,340
526,069
66,610
27,188
9999 Total Expenditures 25,780,633
7,898,748
41,768,525
9,050,474
7,394,340
526,069
3,790,140
1,492,276
Fund Transfers -
(2,800,000)
-
2,800,000
-
-
-
-
Change In Fund Balance 169,997
(7,937,929)
505,885
(4,794,585)
1,013,990
(324,985)
8,560
(1,419,016)
Beginning Fund Balance-June 30, 2025 36,776,409
36,776,409
4,857,754
4,857,754
6,089,733
6,089,733
3,691,498
3,691,498
Ending Fund Balance-Oct 31, 2025 28,838,480
63,169
5,764,748
2,272,483
Ending Fund Balance-June 30, 2026 36,946,406
5,363,639
7,103,723
3,700,058
Descriptions General (Incidental) Special (Teachers) Debt Service Capital Projects School District of Clayton For Four Months Ended October 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
2,625,685
39,874,000
1,025,390
8,052,000
112,924
3,747,000
73,160
5299 County Revenue 133,500
-
305,800
22,218
180,000
-
26,700
-
5399 State Revenue 305,990
27,182
2,007,980
381,952
-
-
-
-
5499 Federal Revenue 540,210
105,244
86,630
26,329
176,330
88,160
-
-
5699 Other Revenue -
2,708
-
-
-
-
25,000
100
5899 TOTAL REVENUE 25,950,630
2,760,819
42,274,410
1,455,889
8,408,330
201,084
3,798,700
73,260
EXPENDITURES (by Function) 1999 Total Instructional Expenditures 3,178,574
1,111,262
34,071,744
7,068,424
-
-
851,350
357,973
2999 Total Support Services Expendit 20,147,509
6,285,869
7,662,141
1,973,418
-
-
2,339,680
1,096,341
3999 Total Non-Instruction/Support 2,454,550
501,616
34,640
8,632
-
-
7,500
10,775
66XX Principal Pmts -
-
-
-
6,110,000
-
525,000
-
66XX Interest Pmts -
-
-
-
1,284,340
526,069
66,610
27,188
9999 Total Expenditures 25,780,633
7,898,748
41,768,525
9,050,474
7,394,340
526,069
3,790,140
1,492,276
Fund Transfers -
(2,800,000)
-
2,800,000
-
-
-
-
Change In Fund Balance 169,997
(7,937,930)
505,885
(4,794,585)
1,013,990
(324,985)
8,560
(1,419,016)
Beginning Fund Balance-June 30, 2025 36,776,409
36,776,409
4,857,754
4,857,754
6,089,733
6,089,733
3,691,498
3,691,498
Ending Fund Balance-Oct 31, 2025 28,838,479
63,169
5,764,748
2,272,483
Ending Fund Balance-June 30, 2026 36,946,406
5,363,639
7,103,723
3,700,058
Descriptions General (Incidental) Special (Teachers) Debt Service Capital Projects School District of Clayton For Four Months Ended October 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 $94,795.66 $0.00 County Interest 1 07/01/24 06/30/25 $0.00 $0.00 $48.76 $0.00 MOSIP - Money Market 1 Various Various $902,493.00 $954,243.08 4.090 * $954,243.08 51,750.08
51,750.08
$0.00 MOSIP - Term 1 06/23/25 11/24/25 $5,000,000.00 5,000,000.00
4.220 $4,042,213.70 90,923.29
-
$0.00 MOSIP BALANCE $5,954,243.08 MOCAAT - Liquid 1 $1,763,420.92 1,783,026.44
4.050 * 19,605.52
$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 $1,000,000.00 4.270 $1,020,823.56 20,823.56
-
$0.00 MOCAAT - Term 1 03/13/25 03/30/25 $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 05/26/25 $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 $1,500,000.00 4.220 $1,515,781.64 15,781.64
-
$0.00 MOCAAT BALANCE $6,283,026.44 Carrollton Bank CD (1503) 1 03/13/25 09/13/25 $14,149,351.53 -
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 -
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 3,000,000.00
3.941 $3,011,013.21 $11,013.21 -
$0.00 Carrollton Bank CD (2012) 1 10/09/25 11/24/25 $3,000,000.00 3,000,000.00
3.941 $3,014,900.22 $14,900.22 -
$0.00 Carrollton Bank CD (2013) 1 10/09/25 12/11/25 $2,000,000.00 2,000,000.00
3.941 $3,013,604.55 $13,604.55 -
$0.00 Total Carrollton Bank CDs $8,000,000.00 IF/Total $20,237,269.52 $49,794,144.44 $490,713.14 $373,257.15 $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 $13,010.95 $0.00 County Interest 2 07/01/24 06/30/25 $0.00 $0.00 $4,318.98 $0.00 MOSIP - Money Market 2 Various Various $4,257.73 $14,653.19 4.090 * $4,257.73 10,395.46
10,395.46
$0.00 MOSIP - Term 2 06/23/25 09/19/25 $500,000.00 -
4.320 $505,207.67 5,207.67
5,207.67
$0.00 MOSIP BALANCE $14,653.19 MOCAAT - Liquid 2 $90,982.26 95,389.14
4.050 * 4,406.88
$0.00 MOCAAT BALANCE $95,389.14 TF/Total $110,042.33 $509,465.40 $15,603.13 $37,339.94 $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 $836.78 $0.00 County Interest 3 07/01/24 06/30/25 $0.00 $0.00 $21.91 $0.00 MOSIP - Money Market 3 Various Various $215,318.48 $234,688.54 4.090 * $234,688.54 $19,370.06 $19,370.06 $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 $5,734,688.54 $9,879,060.95 $1,963,742.47 $95,092.39 $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 $4,548.59 $0.00 County Interest 4 07/01/24 06/30/25 $0.00 $0.00 $14.90 $0.00 MOSIP - Money Market 4 Various Various $1,673,125.68 $1,688,624.55 4.090 * $1,688,624.55 15,498.87
15,498.87
$0.00 MOSIP BALANCE $1,688,624.55 Carrollton Bank CD (1504) 4 03/13/25 09/13/25 $505,333.98 -
4.300 $510,724.87 $5,390.88 5,390.88
$0.00 Carrollton Bank CD (1504) 4 09/13/25 03/13/26 $510,724.86 510,724.86
4.184 $516,015.79 $10,537.20 -
$0.00 BF/Total $2,199,349.41 $2,715,365.21 $31,426.95 $25,453.24 $88,000.00 GRAND TOTAL $28,281,349.80 $62,898,036.00 $2,501,485.69 $531,142.72 $1,958,000.00 Funds at Carrollton Bank are at an interest rate of 3.39%. The October 2025 balance at Carrollton Bank is 10,086,301.48
* Interest rate represents the monthly distribution yield as of 10/31/25. ~ 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 Oct. 29, 2025, MOSIP Fund Balances earn from 3.75% to 4.005% (approximately 100% of the Federal Funds Opening Weekly Average). RATE SCHOOL DISTRICT OF CLAYTON INVESTMENTS October-25