Experience has shown that a minimum fund balance of 18 percent of the expenditure budget must be maintained to prevent the necessity of borrowing money to meet District expenses during the fall months. Historical revenues, expenses and fund balance from the last tax levy (2003) and projected for the next five years are presented below. 40 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. 41 FINANCIAL SECTION 42 Actual Revenues, Expenditures and Balances 2020-2021 43

Actual Revenues, Expenditures and Balances 2020-2021 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 1.2499 $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 ($73,723) ($138,786) ($11,058) ($223,567) ($36,746) ($260,313) ($260,313) Current Tax Collections $15,992,809 $30,106,869 $2,398,837 $48,498,515 $7,971,276 $56,469,791 $56,469,791 $15,919,086 $29,968,083 $2,387,779 $48,274,948 $7,934,530 $56,209,478 - $56,209,478 Other Sources $4,720,970 $4,346,430 $1,511,525 $10,578,925 $403,592 $10,982,517 $219,554 $11,202,071 Total Revenues $20,640,056 $34,314,513 $3,899,304 $58,853,873 $8,338,122 $67,191,995 $219,554 $67,411,549 Expenditures $16,598,988 $33,350,419 $3,302,169 $53,251,576 $8,973,611 $62,225,187 $387,564 $62,612,751 Excess (Deficit) Revenues Over Expenditures $4,041,068 $964,094 $597,135 $5,602,297 ($635,489) $4,966,808 ($168,010) $4,798,798 Other Financing Sources (Uses) COVID Grant Revenue $154,435 $280,172 $434,607 $434,607 $434,607 COVID Grant Expenditures ($603,827) ($425,106) ($282,547) ($1,311,480) ($1,311,480) ($1,311,480) Center of Clayton Operating Loss ($318,928) ($318,928) ($318,928) ($318,928) Capital Projects ($1,457,618) ($1,457,618) ($1,457,618) ($1,457,618) Transfers In $4,036 $4,036 $4,036 ($4,036) $0 Transfers Out ($160,891) ($11,155) ($172,046) ($172,046) $172,046 $0 Excess (Deficit) Revenues and Other Financing Sources over Expenditures and Other Financing (Uses) $3,111,857 $543,024 ($874,013) $2,780,868 ($635,489) $2,145,379 $0 $2,145,379 Actual Balance 6/30/21 $12,298,897 $14,240,326 $3,787,787 $30,327,010 $5,710,303 $36,037,313 - $36,037,313 SCHOOL DISTRICT OF CLAYTON ACTUAL REVENUES, EXPENDITURES AND BALANCES TO JUNE 30, 2021 44 Estimated Revenues, Expenditures and Balances 2021-2022 45

Estimated Revenues, Expenditures and Balances 2021-2022 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 1.1483 $2.3321 $0.2500 $3.7304 $0.6230 $4.3534 $4.3534 Balance 7/01/21 $12,298,897 $14,240,326 $3,787,787 $30,327,010 $5,710,303 $36,037,313 - $36,037,313 Local Tax Revenues Delinquent Tax Collections ($362,870) ($736,950) ($79,000) ($1,178,820) ($196,870) ($1,375,690) ($1,375,690) Current Tax Collections $15,606,430 $31,695,330 $3,397,730 $50,699,490 $8,467,130 $59,166,620 $59,166,620 $15,243,560 $30,958,380 $3,318,730 $49,520,670 $8,270,260 $57,790,930 - $57,790,930 Other Sources $6,504,050 $5,528,080 $848,440 $12,880,570 $362,540 $13,243,110 $580,580 $13,823,690 Total Revenues $21,747,610 $36,486,460 $4,167,170 $62,401,240 $8,632,800 $71,034,040 $580,580 $71,614,620 Expenditures $20,717,510 $35,432,760 $2,410,130 $58,560,400 $8,546,030 $67,106,430 $695,990 $67,802,420 Excess (Deficit) Revenues Over Expenditures $1,030,100 $1,053,700 $1,757,040 $3,840,840 $86,770 $3,927,610 ($115,410) $3,812,200 Other Financing Sources (Uses) COVID Grant Revenue $530,140 $425,230 $955,370 $955,370 $955,370 COVID Grant Expenditures ($258,470) ($258,470) ($258,470) ($258,470) Center of Clayton Operating Loss ($300,000) ($300,000) ($300,000) ($300,000) Capital Projects ($1,327,520) ($1,327,520) ($1,327,520) ($1,327,520) Business-Type Activities Transfers Out ($111,930) ($3,480) ($115,410) ($115,410) $115,410 $0 Excess (Deficit) Revenues and Other Financing Sources over Expenditures and Other Financing (Uses) $889,840 $1,475,450 $429,520 $2,794,810 $86,770 $2,881,580 $0 $2,881,580 Estimated Balance 6/30/22 $13,188,737 $15,715,776 $4,217,307 $33,121,820 $5,797,073 $38,918,893 - $38,918,893 SCHOOL DISTRICT OF CLAYTON ESTIMATED REVENUES, EXPENDITURES AND BALANCES TO JUNE 30, 2022 46 Budgeted Revenues, Expenditures And Balances 2022-2023 47

Budgeted Revenues, Expenditures And Balances 2022-2023 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 7/01/22 $13,188,737 $15,715,776 $4,217,307 $33,121,820 $5,797,073 $38,918,893 - $38,918,893 Local Tax Revenues Delinquent Tax Collections ($201,180) ($373,050) ($57,720) ($631,950) ($102,750) ($734,700) ($734,700) Current Tax Collections $15,916,790 $29,515,040 $4,566,670 $49,998,500 $8,295,210 $58,293,710 $58,293,710 $15,715,610 $29,141,990 $4,508,950 $49,366,550 $8,192,460 $57,559,010 - $57,559,010 Other Sources $6,745,820 $5,402,510 $737,200 $12,885,530 $375,330 $13,260,860 $839,490 $14,100,350 Total Revenues $22,461,430 $34,544,500 $5,246,150 $62,252,080 $8,567,790 $70,819,870 $839,490 $71,659,360 Expenditures $21,231,840 $36,009,080 $2,420,460 $59,661,380 $6,520,030 $66,181,410 $727,910 $66,909,320 Excess (Deficit) Revenues Over Expenditures $1,229,590 ($1,464,580) $2,825,690 $2,590,700 $2,047,760 $4,638,460 $111,580 $4,750,040 Other Financing Sources (Uses) COVID Grant Revenue $190,380 $89,400 $279,780 $279,780 $279,780 COVID Grant Expenditures ($142,180) ($137,600) ($279,780) ($279,780) ($279,780) Center of Clayton Operating Loss/Capital ($310,000) ($310,000) ($310,000) ($310,000) Capital Purchases ($400,000) ($400,000) ($400,000) ($400,000) Capital Projects ($4,740,740) ($4,740,740) ($4,740,740) ($4,740,740) Business-Type Activities Transfers In/(Out) $120,230 $1,350 ($10,000) $111,580 $111,580 ($111,580) $0 Excess (Deficit) Revenues and Other Financing Sources over Expenditures and Other Financing (Uses) $1,088,020 ($1,511,430) ($2,325,050) ($2,748,460) $2,047,760 $4,440,040 $0 ($700,700) Budgeted Balance 6/30/23 $14,276,757 $14,204,346 $1,892,257 $30,373,360 $7,844,833 $38,218,193 - $38,218,193 SCHOOL DISTRICT OF CLAYTON BUDGETED REVENUES, EXPENDITURES AND BALANCES TO JUNE 30, 2023 48 2022-2023 Revenue Budget and Four-Year Comparison 49

2022-2023 Revenue Budget and Four-Year Comparison 49 Actual Actual Estimated Budgeted Revenues Revenues Revenues Revenues Prior Year Percent Purpose 2019-2020 2020-2021 2021-2022 2022-2023 Comparison Change Assessed Valuation Real Estate - Residential $699,831,200 $698,200,780 $742,804,390 Real Estate - Commercial $514,198,690 $520,632,810 $517,601,920 Personal Property $98,094,910 $99,990,120 $105,164,680 --------------------- --------------------- --------------------- TOTALS $1,312,124,800 $1,318,823,710 $1,365,570,990 Tax Rate per $100 (Blended) $4.4992 $4.4134 $4.3534 $0.01 = Current Receipts $128,650 $127,951 $135,909 Tax Revenue - Current Real Estate $53,578,150 $52,076,509 $54,617,510 $53,693,710 Personal Property $4,303,914 $4,393,282 $4,549,110 $4,600,000 --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - NET REVENUE $57,882,064 $56,469,791 $59,166,620 $58,293,710 ($872,910) -1.48% Collection Rate 98.05% 97.02% 99.53% 98.50% Plus Reassessment Fee $23,153 $22,588 $23,667 $23,317 Plus Collection Fee $578,821 $564,698 $591,666 $582,937 Plus Proposition C Fee $28,941 $28,235 $29,583 $29,147 Taxes Protested - and/or Not Collected $821,070 $246,101 ($1,254,116) $726,519 --------------------- --------------------- --------------------- --------------------- TOTAL - 100% COLLECTION $59,334,048 $57,331,413 $58,557,420 $59,655,630 --------------------- --------------------- --------------------- --------------------- Tax Revenue - Delinquent Real Estate $540,751 ($400,930) ($1,500,000) ($834,700) Personal Property $94,603 $140,617 $124,310 $100,000 Local Rail Road & Utility --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTALS-DELINQUENT TAXES $635,354 ($260,313) ($1,375,690) ($734,700) $640,990 -46.59% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - CURRENT & DELINQUENT $58,517,418 $56,209,478 $57,790,930 $57,559,010 ($231,920) -0.40% ============ ============ ============ ============ ============ ========== Local Revenue Proposition C $2,308,475 $2,390,098 $2,389,990 $2,513,500 $123,510 5.17% Financial Institution Tax $1,464,577 $518,657 $1,243,000 $536,520 ($706,480) -56.84% Tuition $396,730 $413,061 $307,450 $633,800 $326,350 106.15% Investment Gain $628,820 $143,303 $95,000 $150,000 $55,000 57.89% Cafeteria Receipts $616,141 $12,442 $15,000 $780,000 $765,000 5100.00% Catering/Miscellaneous $36,104 $11,276 $37,000 $40,000 $3,000 8.11% Breakfast Program $15,343 $0 $0 $20,000 $20,000 #DIV/0! Student Organizations $653,930 $363,835 $500,000 $1,000,000 $500,000 100.00% Fines, Fees, & Refunds $9,029 $210 $10,000 $10,000 $0 0.00% Other Miscellaneous Revenues $141,184 $148,483 $92,500 $55,100 ($37,400) -40.43% Facility Use $63,685 $12,770 $79,200 $105,500 $26,300 33.21% Center of Clayton $852,174 $759,071 $900,000 $951,820 $51,820 5.76% School Age Child Care Fees $304,870 $193,654 $457,480 $681,750 $224,270 49.02% Surcharge Tax $1,182,701 $1,239,129 $1,258,170 $1,278,170 $20,000 1.59% Surcharge Tax-Delinquent $84,402 ($34,587) ($59,100) ($60,000) ($900) 1.52% Family Center Fees $538,904 $441,337 $703,000 $785,000 $82,000 11.66% Community Service/Summer Programs $62,433 $13,131 $43,900 $52,240 $8,340 19.00% Summer School $0 $0 $0 $0 $0 #DIV/0! Contributions $1,773,449 $50,088 $51,000 $50,000 ($1,000) -1.96% VT Tuition $1,367,251 $1,192,928 $1,102,310 $1,022,610 ($79,700) -7.23% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - LOCAL REVENUE $12,500,202 $7,868,886 $9,225,900 $10,606,010 $1,380,110 14.96% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- School District of Clayton 2022-2023 Revenue Budget 50