• The School District of Clayton made a combined $2.57 million in budget reductions during the 2011-2012 and 2012-2013 school years through its Resource Management and Long-Term Financial Planning (LTFP) efforts, which involved input from a committee of
    District administrators, parents, staff and community members. The District reconvened a smaller LTFP committee during the 2014-2015 school year to help monitor financial issues and trends facing the District. This committee and its subcommittees continue to provide advice to District administrators and the Board of Education regarding those issues and trends on an ongoing basis.

    Average Per Pupil Expenditure
    The District spends $18,020.08 per average daily attendance.

    Adjusted Tax Rate
    $4.0643 per $100 of assessed valuation

    Fund

    Rate

    Teachers

    $2.3057

    Incidental

    $0.9291

    Debt Service

    $0.6230

    Capital Projects

    $0.2065

    Assessed Valuation
    $1,037,313,560 (as of Dec. 31, 2015)

    2016 Operating Revenues* – $48,243,670

    Local Funds

    87.21%

    Voluntary Transfer Funds

    4.25%

    Proposition C Funds

    4.06%

    State Funds

    3.50%

    Federal Funds

    0.98%

    * Excluding debt service.

     

    2016 Operating Expenditures* – $50,173,814

    Employee Salaries & Benefits

    80.12%

    Supplies

    7.92%

    Purchased Services

    7.92%

    Equipment/Capital Outlay

    4.04%

    *Excluding debt service.

     
    Date of Most Recent Tax Levy Increase
    April 2003
     
    Long-Term Liabilities
    General obligation bonds outstanding as of June 30, 2016
    Total Balance: 
    $85,107,000
     
    Rate of Interest:
    High: 5.60%
    Low: 0.80%
     
    Maturity Dates:
    Earliest: Feb. 1, 2017
    Latest: March 1, 2030
     
    Standard and Poor's Bond Rating: 
    AAA

    This information is based on 2016 statistics and data.