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.

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