FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT SCHOOL DISTRICT OF CLAYTON June 30, 2019 SCHOOL DISTRICT OF CLAYTON TABLE OF CONTENTS Independent Auditors' Report Management's Discussion and Analysis - Unaudited Basic Financial Statements District-wide Financial Statements Statement of Net Position Statement of Activities Fund Financial Statements Balance Sheet - Governmental Funds Reconciliation of the Governmental Funds Balance Sheet with the District-Wide Statement of Net Position Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances with the District-Wide Statement of Activities Statement of Net Position - Proprietary Funds Statement of Revenues, Expenses and Changes in Net Position - Proprietary Funds Statement of Cash Flows - Proprietary Funds Notes to Financial Statements Page 4 7 21 22 23 24 25 26 27 28 29 30 SCHOOL DISTRICT OF CLAYTON TABLE OF CONTENTS Required Supplementary Information - Unaudited Schedule of Revenues, Expenditures and Changes in Fund Balances- Budget and Actual - Cash Basis General Fund Special Revenue Fund Notes to Required Supplementary Information Net Pension Liability Schedule of Changes in Total OPEB Liability and Related Ratios Supplementary Information Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Cash Basis Debt Service Fund Capital Projects Fund Annual Financial Information and Operating Data - Unaudited Page 63 64 65 67 69 71 72 74