July 19, 2026 — Agenda

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

Page 1 of 1 November 2025 Financial Reporting January 21, 2026

Summary This financial report provides an overview of the District’s financial activities for the period ended November 30, 2025 (5 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 November 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 November 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.

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

3,307,574

39,874,000

1,276,627

8,052,000

113,757

3,747,000

76,023

5299 County Revenue 133,500

305,800

22,218

180,000

26,700

5399 State Revenue 305,990

27,182

2,007,980

457,482

5499 Federal Revenue 540,210

139,211

86,630

26,329

176,330

88,160

5699 Other Revenue -

5,188

25,000

1,103

5899 TOTAL REVENUE 25,950,630

3,479,155

42,274,410

1,782,657

8,408,330

201,917

3,798,700

77,126

EXPENDITURES (by Object) 6199 Salaries & Wages 10,621,117

3,928,241

32,407,161

9,765,417

6299 Employee Benefits 3,753,447

1,237,670

9,361,364

2,700,568

6399 Purchased Services 6,595,935

2,157,999

6499 Supplies 4,810,134

2,327,322

6599 Capital Outlay -

3,198,530

1,815,209

66XX Principal Pmts -

6,110,000

525,000

66XX Interest Pmts -

1,284,340

527,069

66,610

27,188

9999 Total Expenditures 25,780,633

9,651,232

41,768,525

12,465,986

7,394,340

527,069

3,790,140

1,842,397

Fund Transfers -

(5,850,000)

5,850,000

Change In Fund Balance 169,997

(12,022,077) 505,885

(4,833,329)

1,013,990

(325,152)

8,560

(1,765,271)

Beginning Fund Balance-June 30, 2025 36,698,550

36,698,550

4,851,381

6,089,732

3,775,731

Ending Fund Balance-Nov 30, 2025 24,676,473

18,052

5,764,581

2,010,460

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 Five Months Ended November 30, 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

3,307,574

39,874,000

1,276,627

8,052,000

113,757

3,747,000

76,023

5299 County Revenue 133,500

305,800

22,218

180,000

26,700

5399 State Revenue 305,990

27,182

2,007,980

457,482

5499 Federal Revenue 540,210

139,211

86,630

26,329

176,330

88,160

5699 Other Revenue -

5,188

25,000

1,103

5899 TOTAL REVENUE 25,950,630

3,479,155

42,274,410

1,782,657

8,408,330

201,917

3,798,700

77,126

EXPENDITURES (by Function) 1999 Total Instructional Expenditures 3,178,574

1,306,234

34,071,744

9,912,819

851,350

417,528

2999 Total Support Services Expendit 20,147,509

7,674,182

7,662,141

2,538,590

2,339,680

1,386,907

3999 Total Non-Instruction/Support 2,454,550

670,815

34,640

14,576

7,500

10,775

66XX Principal Pmts -

6,110,000

525,000

66XX Interest Pmts -

1,284,340

527,069

66,610

27,188

9999 Total Expenditures 25,780,633

9,651,232

41,768,525

12,465,986

7,394,340

527,069

3,790,140

1,842,397

Fund Transfers -

(5,850,000)

5,850,000

Change In Fund Balance 169,997

(12,022,077) 505,885

(4,833,329)

1,013,990

(325,152)

8,560

(1,765,271)

Beginning Fund Balance-June 30, 2025 36,698,550

36,698,550

4,851,381

6,089,732

3,775,731

Ending Fund Balance-Nov 30, 2025 24,676,473

18,052

5,764,581

2,010,460

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 Five Months Ended November 30, 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 $119,483.32 $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 $5,993,416.29 $6,054,049.53 3.930 * $6,054,049.53 60,633.24

60,633.24

$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 $6,054,049.53 MOCAAT - Liquid 1 $3,279,202.56 3,306,069.09

3.886 * 26,866.53

$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 05/26/26 $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 $6,306,069.09 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 12/11/25 $2,000,000.00 2,000,000.00

3.941 $3,013,604.55 $13,604.55 -

$0.00 Total Carrollton Bank CDs $2,000,000.00 IF/Total $14,360,118.62 $55,942,661.59 $499,924.47 $547,035.51 $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 $13,175.08 $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 $14,675.05 3.930 * $4,257.73 10,417.32

10,417.32

$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 $14,675.05 MOCAAT - Liquid 2 $90,982.26 97,021.25

3.886 * 6,038.99

$0.00 MOCAAT BALANCE $97,021.25 TF/Total $111,696.30 $509,465.40 $15,624.99 $39,158.04 $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 $999.19 $0.00 County Interest 3 07/01/24 06/30/25 $0.00 $0.00 $23.52 $0.00 MOSIP - Money Market 3 Various Various $215,318.48 $235,445.57 3.930 * $235,445.57 $20,127.09 $20,127.09 $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 $5,735,445.57 $9,879,817.98 $1,964,499.50 $96,013.44 $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 $6,036.43 $0.00 County Interest 4 07/01/24 06/30/25 $0.00 $0.00 $11.50 $0.00 MOSIP - Money Market 4 Various Various $1,073,125.68 $1,091,143.82 3.930 * $1,091,143.82 18,018.14

18,018.14

$0.00 MOSIP BALANCE $1,091,143.82 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 $510,724.86 510,724.86

4.184 $516,015.79 $10,537.20 -

$0.00 BF/Total $1,601,868.68 $2,117,884.48 $33,946.22 $29,456.95 $88,000.00 GRAND TOTAL $21,809,129.17 $68,449,829.45 $2,513,995.18 $711,663.94 $1,958,000.00 Funds at Carrollton Bank are at an interest rate of 3.15%. The November 2025 balance at Carrollton Bank is 11,646,970.62

* Interest rate represents the monthly distribution yield as of 11/30/25. ~ 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 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 November-25

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July 19, 2026 — Agenda