Due to the successful passing of Proposition E, the District projects approximately a $2.8 million operating surplus and growing the fund balance to approximately 40 percent, which exceeds the 18 percent fund balance goal. Historical revenues, expenses and fund balance from the last tax levy (2003) and projected for the next five years are presented below. 38 Reporting Every district within the state of Missouri is required to file a yearly financial summary report with DESE by August 15 of each year entitled the Annual Secretary of the Board Report (ASBR). The District submits this report for all governmental funds on the cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles (GAAP). The cash basis is used to enable the District to more accurately compare itself to other districts since the majority of the districts within the state of Missouri report on the cash basis of accounting. In accordance with RSMo 165.121 and Board Policy DIE, every district within the state of Missouri is required to file audited financial statements with DESE by December 31 of each year. The auditor’s management letter and a copy of the Board minutes indicating approval of the audit report must also be submitted to DESE. The District’s audited financial statements are prepared and audited in accordance with GAAP. 39 FINANCIAL SECTION 40 Actual Revenues, Expenditures and Balances 2018-2019 41

Actual Revenues, Expenditures and Balances 2018-2019 41 Special Capital Subtotal Debt Subtotal General Revenue Projects Operating Service District Business-Type Grand Fund Fund Fund Funds Fund Funds Activities Total Tax Rate 1.0550 $2.0770 $0.1100 $3.2420 $0.6230 $3.8650 $3.8650 Balance 7/01/18 $5,504,579 $10,401,569 $5,764,463 $21,670,611 $24,462,860 $46,133,471 - $46,133,471 Local Tax Revenues Delinquent Tax Collections ($149,152) ($293,508) ($15,546) ($458,206) ($88,038) ($546,244) ($546,244) Current Tax Collections $11,753,867 $23,129,784 $1,225,105 $36,108,756 $6,937,816 $43,046,572 $43,046,572 $11,604,715 $22,836,276 $1,209,559 $35,650,550 $6,849,778 $42,500,328 - $42,500,328 Other Sources $6,244,802 $6,335,764 $584,425 $13,164,991 $1,748,392 $14,913,383 $1,081,923 $15,995,306 Total Revenues $17,849,517 $29,172,040 $1,793,984 $48,815,541 $8,598,170 $57,413,711 $1,081,923 $58,495,634 Expenditures $18,615,450 $32,191,554 $2,098,468 $52,905,472 $8,801,874 $61,707,346 $881,105 $62,588,451 Excess (Deficit) Revenues Over Expenditures ($765,933) ($3,019,514) ($304,484) ($4,089,931) ($203,704) ($4,293,635) $200,818 ($4,092,817) Other Financing Sources (Uses) General Obligation Bond Expenditures ($19,280,000) ($19,280,000) ($19,280,000) Transfers In $236,487 $236,487 $236,487 $236,487 Transfers Out ($33,156) ($2,513) ($35,669) ($35,669) ($200,818) ($236,487) Excess (Deficit) Revenues and Other Financing Sources over Expenditures and Other Financing (Uses) ($529,446) ($3,052,670) ($306,997) ($3,889,113) ($19,483,704) ($23,372,817) - ($23,372,817) Actual Balance 6/30/19 $4,975,133 $7,348,899 $5,457,466 $17,781,498 $4,979,156 $22,760,654 - $22,760,654 SCHOOL DISTRICT OF CLAYTON ACTUAL REVENUES, EXPENDITURES AND BALANCES TO JUNE 30, 2019 42 Estimated Revenues, Expenditures and Balances 2019-2020 43

Estimated Revenues, Expenditures and Balances 2019-2020 43 Special Capital Subtotal Debt Subtotal General Revenue Projects Operating Service District Business-Type Grand Fund Fund Fund Funds Fund Funds Activities Total Tax Rate 1.2732 $2.5030 $0.1000 $3.8762 $0.6230 $4.4992 $4.4992 Balance 7/01/19 $4,975,133 $7,348,899 $5,457,466 $17,781,498 $4,979,156 $22,760,654 - $22,760,654 Local Tax Revenues Delinquent Tax Collections $28,300 $55,630 $2,220 $86,150 $13,850 $100,000 $100,000 Current Tax Collections $16,008,680 $31,471,620 $1,257,350 $48,737,650 $7,833,330 $56,570,980 $56,570,980 $16,036,980 $31,527,250 $1,259,570 $48,823,800 $7,847,180 $56,670,980 - $56,670,980 Other Sources $6,043,890 $6,452,460 $1,379,040 $13,875,390 $1,391,450 $15,266,840 $939,260 $16,206,100 Total Revenues $22,080,870 $37,979,710 $2,638,610 $62,699,190 $9,238,630 $71,937,820 $939,260 $72,877,080 Expenditures $19,931,400 $33,679,700 $2,154,820 $55,765,920 $7,829,650 $63,595,570 $1,006,420 $64,601,990 Excess (Deficit) Revenues Over Expenditures $2,149,470 $4,300,010 $483,790 $6,933,270 $1,408,980 $8,342,250 ($67,160) $8,275,090 Other Financing Sources (Uses) Refunded Bond Proceeds $32,816,860 $32,816,860 $32,816,860 General Obligation Bond Expenditures ($32,724,900) ($32,724,900) ($32,724,900) Transfers In ($1,470) ($1,470) ($1,470) ($1,470) Transfers Out ($64,190) ($1,500) ($65,690) ($65,690) $67,160 $1,470 Excess (Deficit) Revenues and Other Financing Sources over Expenditures and Other Financing (Uses) $2,148,000 $4,235,820 $482,290 $6,866,110 $1,500,940 $8,367,050 - $8,367,050 Budgeted Balance 6/30/20 $7,123,133 $11,584,719 $5,939,756 $24,647,608 $6,388,136 $31,035,744 - $31,035,744 SCHOOL DISTRICT OF CLAYTON BUDGETED REVENUES, EXPENDITURES AND BALANCES TO JUNE 30, 2020 44 Budgeted Revenues, Expenditures And Balances 2020-2021 45

Budgeted Revenues, Expenditures And Balances 2020-2021 45 Special Capital Subtotal Debt Subtotal General Revenue Projects Operating Service District Business-Type Grand Fund Fund Fund Funds Fund Funds Activities Total Estimated Balance 7/01/20 $7,123,133 $11,584,719 $5,939,756 $24,647,608 $6,388,136 $31,035,744 - $31,035,744 Local Tax Revenues Delinquent Tax Collections ($177,420) ($348,820) ($13,940) ($540,180) ($86,820) ($627,000) ($627,000) Current Tax Collections $15,724,710 $30,913,420 $1,235,060 $47,873,190 $7,694,390 $55,567,580 $55,567,580 $15,547,290 $30,564,600 $1,221,120 $47,333,010 $7,607,570 $54,940,580 - $54,940,580 Other Sources $6,632,190 $5,860,390 $209,730 $12,702,310 $764,160 $13,466,470 $1,130,250 $14,596,720 Total Revenues $22,179,480 $36,424,990 $1,430,850 $60,035,320 $8,371,730 $68,407,050 $1,130,250 $69,537,300 Expenditures $20,510,630 $34,451,760 $2,313,230 $57,275,620 $8,977,790 $66,253,410 $990,690 $67,244,100 Excess (Deficit) Revenues Over Expenditures $1,668,850 $1,973,230 ($882,380) $2,759,700 ($606,060) $2,153,640 $139,560 $2,293,200 Other Financing Sources (Uses) Transfers In $196,260 $196,260 $196,260 $196,260 Transfers Out ($56,700) ($56,700) ($56,700) ($139,560) ($196,260) ExFinancing Sources over Expenditures and Other Financing (Uses) $1,865,110 $1,916,530 ($882,380) $2,899,260 ($606,060) $2,293,200 - $2,293,200 Budgeted Balance 6/30/21 $8,988,243 $13,501,249 $5,057,376 $27,546,868 $5,782,076 $33,328,944 - $33,328,944 SCHOOL DISTRICT OF CLAYTON BUDGETED REVENUES, EXPENDITURES AND BALANCES TO JUNE 30, 2021 46 2020-2021 Revenue Budget and Four-Year Comparison 47

2020-2021 Revenue Budget and Four-Year Comparison 47 Actual Actual Estimated Budgeted Revenues Revenues Revenues Revenues Prior Year Percent Purpose 2017-2018 2018-2019 2019-2020 2020-2021 Comparison Change Assessed Valuation Real Estate - Residential $580,225,380 $596,046,990 $699,831,200 Real Estate - Commercial $471,052,050 $459,447,630 $514,198,690 Personal Property $100,774,330 $95,238,870 $98,094,910 ---------------------- ---------------------- ---------------------- TOTALS $1,152,051,760 $1,150,733,490 $1,312,124,800 Tax Rate per $100 (Blended) $3.8908 $3.8655 $4.4992 $0.01 = Current Receipts $112,576 $111,361 $125,736 Tax Revenue - Current Real Estate $40,183,057 $39,341,139 $52,239,600 $51,309,670 Personal Property $3,617,995 $3,705,433 $4,331,380 $4,257,910 ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - NET REVENUE $43,801,052 $43,046,572 $56,570,980 $55,567,580 ($1,003,400) -1.77% Collection Rate 97.72% 96.77% 95.83% Plus Reassessment Fee $17,520 $17,219 $22,628 $22,227 Plus Collection Fee $438,011 $430,466 $565,710 $555,676 Plus Proposition C Fee $21,901 $21,523 $28,285 $27,784 Taxes Protested - and/or Not Collected $545,546 $965,823 $821,070 $240,227 ---------------------- ---------------------- ---------------------- ---------------------- TOTAL - 100% COLLECTION $44,824,030 $44,481,603 $58,008,674 $56,413,494 ---------------------- ---------------------- ---------------------- ---------------------- Tax Revenue - Delinquent Real Estate ($881,594) ($739,164) $0 ($727,000) Personal Property $158,641 $192,920 $100,000 $100,000 Local Rail Road & Utility ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTALS-DELINQUENT TAXES ($722,953) ($546,244) $100,000 ($627,000) ($727,000) -727.00% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - CURRENT & DELINQUENT $43,078,099 $42,500,328 $56,670,980 $54,940,580 ($1,730,400) -3.05% ============ ============ ============ ============ ============ ========== Local Revenue Proposition C $2,176,422 $2,277,860 $2,159,340 $2,225,180 $65,840 3.05% Financial Institution Tax $1,192,521 $459,556 $1,464,580 $1,000,000 ($464,580) -31.72% PILOT $42,735 $0 $0 $0 $0 Tuition $437,742 $458,625 $400,150 $402,130 $1,980 0.49% Investment Gain $260,590 $868,698 $875,000 $800,000 ($75,000) -8.57% Cafeteria Receipts $724,613 $771,945 $607,300 $780,000 $172,700 28.44% Catering/Miscellaneous $32,327 $39,810 $35,000 $40,720 $5,720 16.34% Breakfast Program $34,393 $19,897 $20,000 $20,000 $0 0.00% Student Organizations $949,632 $1,064,162 $650,000 $950,000 $300,000 46.15% Fines, Fees, & Refunds $13,527 $10,721 $9,000 $12,000 $3,000 33.33% Other Miscellaneous Revenues $125,507 $164,760 $150,000 $120,000 ($30,000) -20.00% Facility Use $88,692 $107,023 $50,440 $99,700 $49,260 97.66% Center of Clayton $895,244 $861,032 $865,000 $900,000 $35,000 4.05% School Age Child Care Fees $449,414 $456,512 $327,120 $475,000 $147,880 45.21% Surcharge Tax $1,133,469 $1,083,287 $1,230,000 $1,104,000 ($126,000) -10.24% Surcharge Tax-Delinquent ($65,691) ($53,425) $0 ($60,000) ($60,000) #DIV/0! Family Center Fees $813,688 $785,930 $535,000 $805,000 $270,000 50.47% Community Service/Summer Programs $538,004 $518,388 $559,000 $555,550 ($3,450) -0.62% Summer School $0 $6,209 $2,700 $3,000 $300 11.11% Capital Contributions $0 $233,327 $1,120,950 $0 ($1,120,950) -100.00% VT Tuition $1,710,403 $1,568,157 $1,344,350 $1,227,140 ($117,210) -8.72% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - LOCAL REVENUE $11,553,232 $11,702,474 $12,404,930 $11,459,420 ($945,510) -7.62% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- School District of Clayton 2020-2021 Revenue Budget 48