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

Estimated Other Revenues by Fund 2020-2021 50 School District of Clayton Estimated Other Revenues by Fund 2020-2021 Budgeted General Special Rev. Debt Sevice Capital Proj. Purpose Revenues Fund Fund Fund Fund Local Revenue Proposition C $2,225,180 $1,487,720 $737,460 Financial Institution Tax $1,000,000 $328,470 $645,730 $25,800 Tuition $402,130 $402,130 Investment Gain $800,000 $100,000 $200,000 $400,000 $100,000 Cafeteria Receipts $780,000 $780,000 Catering/Miscellaneous $40,720 $40,720 Breakfast Program $20,000 $20,000 Student Organizations $950,000 $950,000 Fines, Fees, & Refunds $12,000 $12,000 Other Miscellaneous Revenues $120,000 $60,000 $60,000 $0 Facility Use $99,700 $99,700 Center of Clayton $900,000 $900,000 Daycare Fees $475,000 $475,000 Surcharge Tax $1,104,000 $362,630 $712,890 $28,480 Surcharge Tax-Delinquent ($60,000) ($19,700) ($38,750) ($1,550) Family Center Fees $805,000 $805,000 Community Service/Summer Recreation $555,550 $555,550 Summer School $3,000 $3,000 VT Tuition $1,227,140 $1,227,140 ----------------------------------------- ------------------- -------------------------------------- TOTAL - LOCAL REVENUE $11,459,420 $6,960,090 $3,946,600 $400,000 $152,730 ----------------------------------------- ------------------- -------------------------------------- County Revenue Fines, Forfeitures, etc. $24,070 $24,070 Rail Road & Utilities $540,000 $108,000 $243,000 $162,000 $27,000 ----------------------------------------- ------------------- -------------------------------------- TOTAL - COUNTY REVENUE $564,070 $108,000 $267,070 $162,000 $27,000 ----------------------------------------- ------------------- -------------------------------------- State Revenue Basic Formula $304,000 $76,000 $228,000 Classroom Trust Fund $873,000 $873,000 Food Service $6,200 $6,200 ECDA-SB 658 $41,190 $18,630 $22,560 Early Childhood Special Education-PL 94-142 $567,240 $191,250 $375,990 Vocational Aid $840 $840 ----------------------------------------- ------------------- -------------------------------------- TOTAL - STATE REVENUE $1,792,470 $292,920 $1,499,550 $0 $0 ----------------------------------------- ------------------- -------------------------------------- 51

Debt Sevice Capital Proj. Purpose Revenues Fund Fund Fund Fund Local Revenue Proposition C $2,225,180 $1,487,720 $737,460 Financial Institution Tax $1,000,000 $328,470 $645,730 $25,800 Tuition $402,130 $402,130 Investment Gain $800,000 $100,000 $200,000 $400,000 $100,000 Cafeteria Receipts $780,000 $780,000 Catering/Miscellaneous $40,720 $40,720 Breakfast Program $20,000 $20,000 Student Organizations $950,000 $950,000 Fines, Fees, & Refunds $12,000 $12,000 Other Miscellaneous Revenues $120,000 $60,000 $60,000 $0 Facility Use $99,700 $99,700 Center of Clayton $900,000 $900,000 Daycare Fees $475,000 $475,000 Surcharge Tax $1,104,000 $362,630 $712,890 $28,480 Surcharge Tax-Delinquent ($60,000) ($19,700) ($38,750) ($1,550) Family Center Fees $805,000 $805,000 Community Service/Summer Recreation $555,550 $555,550 Summer School $3,000 $3,000 VT Tuition $1,227,140 $1,227,140 ----------------------------------------- ------------------- -------------------------------------- TOTAL - LOCAL REVENUE $11,459,420 $6,960,090 $3,946,600 $400,000 $152,730 ----------------------------------------- ------------------- -------------------------------------- County Revenue Fines, Forfeitures, etc. $24,070 $24,070 Rail Road & Utilities $540,000 $108,000 $243,000 $162,000 $27,000 ----------------------------------------- ------------------- -------------------------------------- TOTAL - COUNTY REVENUE $564,070 $108,000 $267,070 $162,000 $27,000 ----------------------------------------- ------------------- -------------------------------------- State Revenue Basic Formula $304,000 $76,000 $228,000 Classroom Trust Fund $873,000 $873,000 Food Service $6,200 $6,200 ECDA-SB 658 $41,190 $18,630 $22,560 Early Childhood Special Education-PL 94-142 $567,240 $191,250 $375,990 Vocational Aid $840 $840 ----------------------------------------- ------------------- -------------------------------------- TOTAL - STATE REVENUE $1,792,470 $292,920 $1,499,550 $0 $0 ----------------------------------------- ------------------- -------------------------------------- 51 School District of Clayton Estimated Other Revenues by Fund 2020-2021 Budgeted General Special Rev. Debt Sevice Capital Proj. Purpose Revenues Fund Fund Fund Fund Federal Revenue School Lunch $170,000 $170,000 Breakfast Program $30,000 $30,000 Early Childhood Special Education-PL 94-142 $11,000 $11,000 Title I $49,690 $9,070 $40,620 Title II $28,260 $28,260 Title III $22,800 $22,800 Title IV $10,000 $10,000 All In Coalition $124,800 $124,800 Interest Subsidy $202,160 $202,160 Other Federal $2,500 $2,500 ----------------------------------------- ------------------- -------------------------------------- TOTAL - FEDERAL REVENUE $651,210 $397,430 $51,620 $202,160 $0 ----------------------------------------- ------------------- -------------------------------------- Other Revenue Property Sales $30,000 $30,000 Tuition - Other Districts $95,550 $95,550 Other Receipts $4,000 $4,000 ----------------------------------------- ------------------- -------------------------------------- TOTAL - OTHER REVENUE $129,550 $4,000 $95,550 $0 $30,000 ----------------------------------------- ------------------- -------------------------------------- TOTAL - OTHER SOURCES $14,596,720 $7,762,440 $5,860,390 $764,160 $209,730 ============ =========== ================================== 52