Expenditure appropriations lapse at the end of the fiscal year.  Budgeted amounts are as originally adopted on June 1, 2022, or as amended by the Board at various times during the year.  Budgets are adopted on the cash basis of accounting for all governmental funds. The cash basis is used to enable the District to more accurately budget revenue and expenses as the resources are expended or received. - 66 - SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2023 NOTE A – BUDGETS AND BUDGETARY ACCOUNTING - CONTINUED The following schedule reconciles the revenue and expenditures on the budgetary basis of accounting (cash basis) with the amounts presented under the modified accrual basis of accounting: General Fund Special Revenue Fund Revenues Revenues - cash basis $ 22,865,227 $ 36,485,372 Current year revenue accruals (391,343) 381,515 Prior year revenue accruals 496,594 (257,317) Revenues - modified accrual basis $ 22,970,478 $ 36,609,570 Expenditures Expenditures - cash basis $ 20,164,719 $ 35,527,822 Current year expenditure accruals 230,661 88,794 Prior year expenditure accruals (11,060) (135,478) Expenditures - modified accrual basis $ 20,384,320 $ 35,481,138 - 67 -