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

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 Actual Actual Estimated Budgeted Revenues Revenues Revenues Revenues Prior Year Percent Purpose 2019-2020 2020-2021 2021-2022 2022-2023 Comparison Change School District of Clayton 2022-2023 Revenue Budget County Revenue Fines, Forfeitures, etc. $39,204 $19,637 $9,700 $22,300 $12,600 129.90% Rail Road & Utilities $571,795 $594,179 $622,280 $573,520 ($48,760) -7.84% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - COUNTY REVENUE $610,999 $613,816 $631,980 $595,820 ($36,160) -5.72% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- State Revenue Basic Formula $397,912 $219,756 $194,100 $194,100 $0 0.00% Basic Formula - Financial Institution Tax $0 $0 $447,790 $447,790 $0 0.00% Classroom Trust Fund $740,394 $939,044 $974,000 $970,000 ($4,000) -0.41% Food Service $6,370 $5,689 $0 $5,600 $5,600 #DIV/0! ECDA-SB 658 $55,900 $63,654 $54,000 $54,000 $0 0.00% Early Childhood Special Education-PL 94-142 $515,715 $477,944 $576,950 $572,650 ($4,300) -0.75% Vocational Aid/CTE $0 $1,079 $1,080 $1,080 $0 0.00% Other State $0 $2,975 $5,860 $0 ($5,860) -100.00% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - STATE REVENUE $1,716,291 $1,710,141 $2,253,780 $2,245,220 ($8,560) -0.38% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- Federal Revenue School Lunch $119,787 $358,379 $1,000,000 $100,000 ($900,000) -90.00% Breakfast Program $21,245 $98,762 $111,190 $20,000 ($91,190) -82.01% Early Childhood Special Education-PL 94-142 $10,577 $10,604 $11,000 $11,000 $0 0.00% Title I $162,592 $121,947 $116,800 $87,560 ($29,240) -25.03% Title II $10,000 $23,899 $53,350 $53,350 $0 0.00% Title III $1,252 $4,745 $20,250 $20,250 $0 0.00% Title IV $13,089 $8,441 $22,550 $22,550 $0 0.00% All In Coalition $100,971 $42,176 $161,320 $124,800 ($36,520) -22.64% CARES - School Lunch $0 $31,075 $18,500 $0 ($18,500) -100.00% CARES - School Breakfast $0 $16,417 $0 $0 $0 #DIV/0! CARES - K-12 Support $0 $181,674 $0 $0 $0 #DIV/0! CARES - Misc Federal Grants $0 $113,247 $0 $0 $0 #DIV/0! CARES - ESSER I $0 $92,194 $32,070 $0 ($32,070) -100.00% CARES - ESSER II $0 $0 $373,580 $0 ($373,580) -100.00% Teacher Retention Grant - ESSER I $0 $0 $13,110 $17,590 $4,480 34.17% Teacher Retention Grant - ESSER II $0 $0 $0 $35,190 $35,190 #DIV/0! ESSER III $0 $0 $518,110 $227,000 ($291,110) -56.19% Interest Subsidy $785,436 $203,436 $176,330 $176,330 $0 0.00% Other Federal $1,875 $2,806 $2,400 $3,460 $1,060 44.17% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - FEDERAL REVENUE $1,226,824 $1,309,802 $2,630,560 $899,080 ($1,731,480) -65.82% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- Other Revenue Property Sales $5,378 $41,667 $34,000 $30,000 ($4,000) -11.76% Tuition - Other Districts $131,658 $89,787 $2,840 $2,000 ($840) -29.58% Premium on Bonds Sold $1,741,862 $0 $0 $0 $0 #DIV/0! Refunding Bonds $31,075,000 $0 $0 $0 $0 #DIV/0! Other Receipts $0 $2,579 $0 $2,000 $2,000 #DIV/0! --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - OTHER REVENUE $32,953,898 $134,033 $36,840 $34,000 ($2,840) -7.71% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - OTHER SOURCES $49,008,214 $11,636,678 $14,779,060 $14,380,130 ($398,930) -2.70% ============ ============ ============ ============ ============ ========== GRAND TOTAL - ALL REVENUE $107,525,632 $67,846,156 $72,569,990 $71,939,140 ($630,850) -0.87% ============ ============ ============ ============ ============ ========== 51

Refunding Bonds $31,075,000 $0 $0 $0 $0 #DIV/0! Other Receipts $0 $2,579 $0 $2,000 $2,000 #DIV/0! --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - OTHER REVENUE $32,953,898 $134,033 $36,840 $34,000 ($2,840) -7.71% --------------------- --------------------- --------------------- --------------------- --------------------- ----------------- TOTAL - OTHER SOURCES $49,008,214 $11,636,678 $14,779,060 $14,380,130 ($398,930) -2.70% ============ ============ ============ ============ ============ ========== GRAND TOTAL - ALL REVENUE $107,525,632 $67,846,156 $72,569,990 $71,939,140 ($630,850) -0.87% ============ ============ ============ ============ ============ ========== 51 Estimated Other Revenues by Fund 2022-2023 52

Estimated Other Revenues by Fund 2022-2023 52 School District of Clayton Estimated Other Revenues by Fund 2022-2023 Budgeted General Special Rev. Debt Sevice Capital Proj. Purpose Revenues Fund Fund Fund Fund Local Revenue Proposition C $2,513,500 $1,570,940 $942,560 Financial Institution Tax $536,520 $170,800 $316,720 $49,000 Tuition $633,800 $633,800 Investment Gain $150,000 $50,000 $75,000 $19,000 $6,000 Cafeteria Receipts $780,000 $780,000 Catering/Miscellaneous $40,000 $40,000 Student Organizations $1,000,000 $1,000,000 Fines, Fees, & Refunds $10,000 $10,000 Other Miscellaneous Revenues $55,100 $55,100 Facility Use $105,500 $105,500 Center of Clayton $951,820 $946,820 $5,000 Daycare Fees $681,750 $681,750 Surcharge Tax $1,278,170 $406,900 $754,530 $116,740 Surcharge Tax-Delinquent ($60,000) ($19,090) ($35,430) ($5,480) Family Center Fees $785,000 $785,000 Community Service/Summer Recreation $52,240 $16,500 $35,740 Contributions $50,000 $50,000 VT Tuition $1,022,610 $522,610 $500,000 ----------------------------------------------------------------------------------------------------- TOTAL - LOCAL REVENUE $10,606,010 $6,670,220 $3,245,530 $19,000 $671,260 ----------------------------------------------------------------------------------------------------- County Revenue Fines, Forfeitures, etc. $22,300 $22,300 Rail Road & Utilities $573,520 $125,280 $232,300 $180,000 $35,940 ----------------------------------------------------------------------------------------------------- TOTAL - COUNTY REVENUE $595,820 $125,280 $254,600 $180,000 $35,940 ----------------------------------------------------------------------------------------------------- State Revenue Basic Formula $194,100 $48,520 $145,580 Basic Formula - Financial Institution Tax $447,790 $111,950 $335,840 Classroom Trust Fund $970,000 $970,000 Food Service $5,600 $5,600 ECDA-SB 658 $54,000 $19,000 $35,000 Early Childhood Special Education-PL 94-142 $572,650 $190,880 $381,770 Vocational Aid $1,080 $1,080 ----------------------------------------------------------------------------------------------------- TOTAL - STATE REVENUE $2,245,220 $377,030 $1,868,190 $0 $0 ----------------------------------------------------------------------------------------------------- 53