Estimated 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 Tax Rate 1.2499 $2.3530 $0.1875 $3.7904 $0.6230 $4.4134 $4.4134 Balance 7/01/20 $9,187,040 $13,697,302 $4,661,800 $27,546,142 $6,345,792 $33,891,934 - $33,891,934 Local Tax Revenues Delinquent Tax Collections ($177,780) ($334,660) ($25,960) ($538,400) ($88,600) ($627,000) ($627,000) Current Tax Collections $16,236,350 $30,566,360 $2,435,700 $49,238,410 $8,093,000 $57,331,410 $57,331,410 $16,058,570 $30,231,700 $2,409,740 $48,700,010 $8,004,400 $56,704,410 - $56,704,410 Other Sources $4,749,930 $4,441,310 $1,436,520 $10,627,760 $402,970 $11,030,730 $211,700 $11,242,430 Total Revenues $20,808,500 $34,673,010 $3,846,260 $59,327,770 $8,407,370 $67,735,140 $211,700 $67,946,840 Expenditures $20,310,630 $34,451,760 $2,313,230 $57,075,620 $8,977,790 $66,053,410 $321,550 $66,374,960 Excess (Deficit) Revenues Over Expenditures $497,870 $221,250 $1,533,030 $2,252,150 ($570,420) $1,681,730 ($109,850) $1,571,880 Other Financing Sources (Uses) COVID Grant Revenue $143,830 $373,580 $280,170 $797,580 $797,580 $797,580 COVID Grant Expenditures ($143,830) ($373,580) ($280,170) ($797,580) ($797,580) ($797,580) Center of Clayton Operating Loss ($200,000) ($200,000) ($200,000) ($200,000) Transfers Out ($73,880) ($11,970) ($24,000) ($109,850) ($109,850) $109,850 $0 Excess (Deficit) Revenues and Other Financing Sources over Expenditures and Other Financing (Uses) $223,990 $209,280 $1,509,030 $1,942,300 ($570,420) $1,371,880 - $1,371,880 Estimated Balance 6/30/21 $9,411,030 $13,906,582 $6,170,830 $29,488,442 $5,775,372 $35,263,814 - $35,263,814 SCHOOL DISTRICT OF CLAYTON ESTIMATED REVENUES, EXPENDITURES AND BALANCES TO JUNE 30, 2021 46 Budgeted Revenues, Expenditures And Balances 2021-2022 47

Budgeted Revenues, Expenditures And Balances 2021-2022 47 Special Capital Subtotal Debt Subtotal General Revenue Projects Operating Service District Business-Type Grand Fund Fund Fund Funds Fund Funds Activities Total Estimated Balance 7/01/21 $9,371,030 $13,946,582 $6,170,830 $29,488,442 $5,775,372 $35,263,814 - $35,263,814 Local Tax Revenues Delinquent Tax Collections ($181,040) ($316,410) ($37,100) ($534,550) ($92,450) ($627,000) ($627,000) Current Tax Collections $16,914,940 $29,563,700 $3,466,500 $49,945,140 $8,638,520 $58,583,660 $58,583,660 $16,733,900 $29,247,290 $3,429,400 $49,410,590 $8,546,070 $57,956,660 - $57,956,660 Other Sources $5,930,320 $5,554,480 $178,560 $11,663,360 $375,330 $12,038,690 $451,450 $12,490,140 Total Revenues $22,664,220 $34,801,770 $3,607,960 $61,073,950 $8,921,400 $69,995,350 $451,450 $70,446,800 Expenditures $20,788,540 $35,361,730 $2,410,130 $58,560,400 $8,546,030 $67,106,430 $695,990 $67,802,420 Excess (Deficit) Revenues Over Expenditures $1,875,680 ($559,960) $1,197,830 $2,513,550 $375,370 $2,888,920 ($244,540) $2,644,380 Other Financing Sources (Uses) COVID Grant Revenue $187,440 $71,030 $258,470 $258,470 $258,470 COVID Grant Expenditures ($187,440) ($71,030) ($258,470) ($258,470) ($258,470) Center of Clayton Operating Loss ($400,000) ($400,000) ($400,000) ($400,000) Business-Type Activities Transfers Out ($241,060) ($3,480) ($244,540) ($244,540) $244,540 $0 Excess (Deficit) Revenues and Other Financing Sources over Expenditures and Other Financing (Uses) $1,234,620 ($563,440) $1,197,830 $1,869,010 $375,370 $2,244,380 $0 $2,244,380 Budgeted Balance 6/30/22 $10,605,650 $13,383,142 $7,368,660 $31,757,452 $6,150,742 $37,908,194 - $37,508,194 SCHOOL DISTRICT OF CLAYTON BUDGETED REVENUES, EXPENDITURES AND BALANCES TO JUNE 30, 2022 48 2021-2022 Revenue Budget and Four-Year Comparison 49

2021-2022 Revenue Budget and Four-Year Comparison 49 Actual Actual Estimated Budgeted Revenues Revenues Revenues Revenues Prior Year Percent Purpose 2018-2019 2019-2020 2020-2021 2021-2022 Comparison Change Assessed Valuation Real Estate - Residential $596,046,990 $699,831,200 $698,200,780 Real Estate - Commercial $459,447,630 $514,198,690 $520,632,810 Personal Property $95,238,870 $98,094,910 $99,990,120 ---------------------- ---------------------- ---------------------- TOTALS $1,150,733,490 $1,312,124,800 $1,318,823,710 Tax Rate per $100 (Blended) $3.8655 $4.4992 $4.4134 $0.01 = Current Receipts $111,361 $128,650 $129,903 Tax Revenue - Current Real Estate $39,341,139 $53,578,150 $52,843,500 $54,493,210 Personal Property $3,705,433 $4,303,914 $4,487,910 $4,090,450 ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - NET REVENUE $43,046,572 $57,882,064 $57,331,410 $58,583,660 $1,252,250 2.18% Collection Rate 96.77% 98.05% Plus Reassessment Fee $17,219 $23,153 $22,933 $23,433 Plus Collection Fee $430,466 $578,821 $573,314 $585,837 Plus Proposition C Fee $21,523 $28,941 $28,666 $29,292 Taxes Protested - and/or Not Collected $965,823 $821,070 $240,227 $240,227 ---------------------- ---------------------- ---------------------- ---------------------- TOTAL - 100% COLLECTION $44,481,603 $59,334,048 $58,196,549 $59,462,449 ---------------------- ---------------------- ---------------------- ---------------------- Tax Revenue - Delinquent Real Estate ($739,164) $540,751 ($727,000) ($727,000) Personal Property $192,920 $94,603 $100,000 $100,000 Local Rail Road & Utility ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTALS-DELINQUENT TAXES ($546,244) $635,354 ($627,000) ($627,000) $0 0.00% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - CURRENT & DELINQUENT $42,500,328 $58,517,418 $56,704,410 $57,956,660 $1,252,250 2.21% ============ ============ ============ ============ ============ ========== Local Revenue Proposition C $2,277,860 $2,308,475 $2,367,450 $2,369,300 $1,850 0.08% Financial Institution Tax $459,556 $1,464,577 $518,660 $526,000 $7,340 1.42% Tuition $458,625 $396,730 $442,400 $580,500 $138,100 31.22% Investment Gain $868,698 $628,820 $146,000 $150,000 $4,000 2.74% Cafeteria Receipts $771,945 $616,141 $11,200 $15,000 $3,800 33.93% Catering/Miscellaneous $39,810 $36,104 $8,100 $10,000 $1,900 23.46% Breakfast Program $19,897 $15,343 $0 $0 $0 #DIV/0! Student Organizations $1,064,162 $653,930 $300,060 $900,000 $599,940 199.94% Fines, Fees, & Refunds $10,721 $9,029 $210 $3,000 $2,790 1328.57% Other Miscellaneous Revenues $164,760 $141,184 $64,020 $80,000 $15,980 24.96% Facility Use $107,023 $63,685 $16,700 $79,200 $62,500 374.25% Center of Clayton $861,032 $852,174 $773,700 $980,760 $207,060 26.76% School Age Child Care Fees $456,512 $304,870 $182,000 $321,750 $139,750 76.79% Surcharge Tax $1,083,287 $1,182,701 $1,207,500 $1,210,000 $2,500 0.21% Surcharge Tax-Delinquent ($53,425) $84,402 ($26,000) ($60,000) ($34,000) 130.77% Family Center Fees $785,930 $538,904 $433,000 $703,000 $270,000 62.36% Community Service/Summer Programs $518,388 $62,433 $13,000 $50,500 $37,500 288.46% Summer School $6,209 $0 $0 $0 $0 #DIV/0! Contributions $233,327 $1,773,449 $52,240 $50,000 ($2,240) -4.29% VT Tuition $1,568,157 $1,367,251 $1,207,020 $1,115,290 ($91,730) -7.60% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - LOCAL REVENUE $11,702,474 $12,500,202 $7,717,260 $9,084,300 $1,367,040 17.71% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- School District of Clayton 2021-2022 Revenue Budget 50

Student Organizations $1,064,162 $653,930 $300,060 $900,000 $599,940 199.94% Fines, Fees, & Refunds $10,721 $9,029 $210 $3,000 $2,790 1328.57% Other Miscellaneous Revenues $164,760 $141,184 $64,020 $80,000 $15,980 24.96% Facility Use $107,023 $63,685 $16,700 $79,200 $62,500 374.25% Center of Clayton $861,032 $852,174 $773,700 $980,760 $207,060 26.76% School Age Child Care Fees $456,512 $304,870 $182,000 $321,750 $139,750 76.79% Surcharge Tax $1,083,287 $1,182,701 $1,207,500 $1,210,000 $2,500 0.21% Surcharge Tax-Delinquent ($53,425) $84,402 ($26,000) ($60,000) ($34,000) 130.77% Family Center Fees $785,930 $538,904 $433,000 $703,000 $270,000 62.36% Community Service/Summer Programs $518,388 $62,433 $13,000 $50,500 $37,500 288.46% Summer School $6,209 $0 $0 $0 $0 #DIV/0! Contributions $233,327 $1,773,449 $52,240 $50,000 ($2,240) -4.29% VT Tuition $1,568,157 $1,367,251 $1,207,020 $1,115,290 ($91,730) -7.60% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - LOCAL REVENUE $11,702,474 $12,500,202 $7,717,260 $9,084,300 $1,367,040 17.71% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- School District of Clayton 2021-2022 Revenue Budget 50 Actual Actual Estimated Budgeted Revenues Revenues Revenues Revenues Prior Year Percent Purpose 2018-2019 2019-2020 2020-2021 2021-2022 Comparison Change School District of Clayton 2021-2022 Revenue Budget County Revenue Fines, Forfeitures, etc. $20,655 $39,204 $19,650 $24,000 $4,350 22.14% Rail Road & Utilities $505,169 $571,795 $594,180 $557,920 ($36,260) -6.10% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - COUNTY REVENUE $525,824 $610,999 $613,830 $581,920 ($31,910) -5.20% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- State Revenue Basic Formula $274,806 $397,912 $275,000 $275,000 $0 0.00% Classroom Trust Fund $925,529 $740,394 $895,000 $900,000 $5,000 0.56% Food Service $6,191 $6,370 $0 $0 $0 #DIV/0! ECDA-SB 658 $54,190 $55,900 $53,630 $54,000 $370 0.69% Early Childhood Special Education-PL 94-142 $477,925 $515,715 $567,240 $576,950 $9,710 1.71% Vocational Aid/CTE $4,163 $0 $1,080 $1,080 $0 0.00% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - STATE REVENUE $1,742,804 $1,716,291 $1,791,950 $1,807,030 $15,080 0.84% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- Federal Revenue School Lunch $166,109 $119,787 $316,690 $352,690 $36,000 11.37% Breakfast Program $28,634 $21,245 $101,190 $111,190 $10,000 9.88% Early Childhood Special Education-PL 94-142 $11,093 $10,577 $11,000 $11,000 $0 0.00% Title I $176,981 $162,592 $120,690 $106,850 ($13,840) -11.47% Title II $31,663 $10,000 $45,250 $45,250 $0 0.00% Title III $0 $1,252 $33,950 $33,950 $0 0.00% Title IV $3,690 $13,089 $17,430 $17,430 $0 0.00% All In Coalition $0 $100,971 $124,800 $124,800 $0 0.00% CARES - K-12 Support $0 $0 $181,670 $0 ($181,670) -100.00% CARES - Misc Federal Grants $0 $0 $118,070 $0 ($118,070) -100.00% CARES - ESSER $0 $0 $124,260 $0 ($124,260) -100.00% CARES - ESSER II $0 $0 $373,580 $0 ($373,580) -100.00% ESSER III $0 $0 $0 $258,470 $258,470 #DIV/0! Interest Subsidy $1,136,299 $785,436 $203,440 $176,330 ($27,110) -13.33% Other Federal $21,068 $1,875 $3,400 $3,400 $0 0.00% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - FEDERAL REVENUE $1,575,537 $1,226,824 $1,775,420 $1,241,360 ($534,060) -30.08% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- Other Revenue Property Sales $93,925 $5,378 $42,000 $30,000 ($12,000) -28.57% Tuition - Other Districts $349,325 $131,658 $95,550 $0 ($95,550) -100.00% Premium on Bonds Sold $0 $1,741,862 $0 $0 $0 #DIV/0! Refunding Bonds $0 $31,075,000 $0 $0 $0 #DIV/0! Other Receipts $5,417 $0 $4,000 $4,000 $0 0.00% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - OTHER REVENUE $448,667 $32,953,898 $141,550 $34,000 ($107,550) -75.98% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - OTHER SOURCES $15,995,306 $49,008,214 $12,040,010 $12,748,610 $708,600 5.89% ============ ============ ============ ============ ============ ========== GRAND TOTAL - ALL REVENUE $58,495,634 $107,525,632 $68,744,420 $70,705,270 $1,960,850 2.85% ============ ============ ============ ============ ============ ========== 51

Refunding Bonds $0 $31,075,000 $0 $0 $0 #DIV/0! Other Receipts $5,417 $0 $4,000 $4,000 $0 0.00% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - OTHER REVENUE $448,667 $32,953,898 $141,550 $34,000 ($107,550) -75.98% ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ----------------- TOTAL - OTHER SOURCES $15,995,306 $49,008,214 $12,040,010 $12,748,610 $708,600 5.89% ============ ============ ============ ============ ============ ========== GRAND TOTAL - ALL REVENUE $58,495,634 $107,525,632 $68,744,420 $70,705,270 $1,960,850 2.85% ============ ============ ============ ============ ============ ========== 51 Estimated Other Revenues by Fund 2021-2022 52