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

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 Actual Actual Estimated Budgeted Revenues Revenues Revenues Revenues Prior Year Percent Purpose 2017-2018 2018-2019 2019-2020 2020-2021 Comparison Change School District of Clayton 2020-2021 Revenue Budget County Revenue Fines, Forfeitures, etc. $22,286 $20,655 $39,200 $24,070 ($15,130) -38.60% Rail Road & Utilities $537,015 $505,169 $571,800 $540,000 ($31,800) -5.56% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - COUNTY REVENUE $559,301 $525,824 $611,000 $564,070 ($46,930) -7.68% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- State Revenue Basic Formula $249,885 $274,806 $304,000 $304,000 $0 0.00% Classroom Trust Fund $907,621 $925,529 $873,000 $873,000 $0 0.00% Food Service $6,378 $6,191 $5,400 $6,200 $800 14.81% ECDA-SB 658 $64,191 $54,190 $60,000 $41,190 ($18,810) -31.35% Early Childhood Special Education-PL 94-142 $499,163 $477,925 $432,550 $567,240 $134,690 31.14% Vocational Aid $2,200 $4,163 $1,100 $840 ($260) -23.64% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - STATE REVENUE $1,729,438 $1,742,804 $1,676,050 $1,792,470 $116,420 6.95% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- Federal Revenue School Lunch $192,133 $166,109 $180,000 $170,000 ($10,000) -5.56% Breakfast Program $34,619 $28,634 $36,000 $30,000 ($6,000) -16.67% Early Childhood Special Education-PL 94-142 $54,320 $11,093 $11,100 $11,000 ($100) -0.90% Title I $140,034 $176,981 $135,520 $49,690 ($85,830) -63.33% Title II $41,500 $31,663 $29,130 $28,260 ($870) -2.99% Title III $7,118 $0 $22,800 $22,800 $0 0.00% Title IV $0 $3,690 $16,450 $10,000 ($6,450) -39.21% All In Coalition $0 $0 $129,800 $124,800 Interest Subsidy $1,147,559 $1,136,299 $784,180 $202,160 ($582,020) -74.22% Other Federal $5,262 $21,068 $0 $2,500 $2,500 #DIV/0! ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - FEDERAL REVENUE $1,622,545 $1,575,537 $1,344,980 $651,210 ($693,770) -51.58% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- Other Revenue Property Sales $4,128,378 $93,925 $25,000 $30,000 $5,000 20.00% Tuition - Other Districts $540,472 $349,325 $140,140 $95,550 ($44,590) -31.82% Premium on Bonds Sold $3,538,393 $0 $1,741,860 $0 ($1,741,860) -100.00% Refunding Bonds $23,465,000 $0 $31,075,000 $0 ($31,075,000) -100.00% Other Receipts $8,420 $5,417 $4,000 $4,000 $0 0.00% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - OTHER REVENUE $31,680,663 $448,667 $32,986,000 $129,550 ($32,856,450) -99.61% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - OTHER SOURCES $47,145,179 $15,995,306 $49,022,960 $14,596,720 ($34,426,240) -70.22% ============ ============ ============ ============ ============ ========== GRAND TOTAL - ALL REVENUE $90,223,278 $58,495,634 $105,693,940 $69,537,300 ($36,156,640) -34.21% ============ ============ ============ ============ ============ ========== 49

Actual Actual Estimated Budgeted Revenues Revenues Revenues Revenues Prior Year Percent Purpose 2017-2018 2018-2019 2019-2020 2020-2021 Comparison Change School District of Clayton 2020-2021 Revenue Budget County Revenue Fines, Forfeitures, etc. $22,286 $20,655 $39,200 $24,070 ($15,130) -38.60% Rail Road & Utilities $537,015 $505,169 $571,800 $540,000 ($31,800) -5.56% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - COUNTY REVENUE $559,301 $525,824 $611,000 $564,070 ($46,930) -7.68% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- State Revenue Basic Formula $249,885 $274,806 $304,000 $304,000 $0 0.00% Classroom Trust Fund $907,621 $925,529 $873,000 $873,000 $0 0.00% Food Service $6,378 $6,191 $5,400 $6,200 $800 14.81% ECDA-SB 658 $64,191 $54,190 $60,000 $41,190 ($18,810) -31.35% Early Childhood Special Education-PL 94-142 $499,163 $477,925 $432,550 $567,240 $134,690 31.14% Vocational Aid $2,200 $4,163 $1,100 $840 ($260) -23.64% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - STATE REVENUE $1,729,438 $1,742,804 $1,676,050 $1,792,470 $116,420 6.95% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- Federal Revenue School Lunch $192,133 $166,109 $180,000 $170,000 ($10,000) -5.56% Breakfast Program $34,619 $28,634 $36,000 $30,000 ($6,000) -16.67% Early Childhood Special Education-PL 94-142 $54,320 $11,093 $11,100 $11,000 ($100) -0.90% Title I $140,034 $176,981 $135,520 $49,690 ($85,830) -63.33% Title II $41,500 $31,663 $29,130 $28,260 ($870) -2.99% Title III $7,118 $0 $22,800 $22,800 $0 0.00% Title IV $0 $3,690 $16,450 $10,000 ($6,450) -39.21% All In Coalition $0 $0 $129,800 $124,800 Interest Subsidy $1,147,559 $1,136,299 $784,180 $202,160 ($582,020) -74.22% Other Federal $5,262 $21,068 $0 $2,500 $2,500 #DIV/0! ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - FEDERAL REVENUE $1,622,545 $1,575,537 $1,344,980 $651,210 ($693,770) -51.58% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- Other Revenue Property Sales $4,128,378 $93,925 $25,000 $30,000 $5,000 20.00% Tuition - Other Districts $540,472 $349,325 $140,140 $95,550 ($44,590) -31.82% Premium on Bonds Sold $3,538,393 $0 $1,741,860 $0 ($1,741,860) -100.00% Refunding Bonds $23,465,000 $0 $31,075,000 $0 ($31,075,000) -100.00% Other Receipts $8,420 $5,417 $4,000 $4,000 $0 0.00% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - OTHER REVENUE $31,680,663 $448,667 $32,986,000 $129,550 ($32,856,450) -99.61% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - OTHER SOURCES $47,145,179 $15,995,306 $49,022,960 $14,596,720 ($34,426,240) -70.22% ============ ============ ============ ============ ============ ========== GRAND TOTAL - ALL REVENUE $90,223,278 $58,495,634 $105,693,940 $69,537,300 ($36,156,640) -34.21% ============ ============ ============ ============ ============ ========== 49 Estimated Other Revenues by Fund 2020-2021 50