Should the contributions received by MUSIC not be sufficient, special assessments can be made to the member districts. There have been no significant changes in insurance coverage from the prior year. - 62 - SCHOOL DISTRICT OF CLAYTON SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - CASH BASIS - GENERAL FUND - UNAUDITED Year ended June 30, 2024 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $ 28,608,500 $ 28,638,090 $ 28,883,545 $ 29,590 $ 245,455 County 125,000 125,000 154,097 - 29,097 State 305,740 317,040 373,670 11,300 56,630 Federal 633,020 645,180 571,737 12,160 (73,443) Other - - 16,479 - 16,479 Total revenues 29,672,260 29,725,310 29,999,528 53,050 274,218 Expenditures Instruction 3,283,812 3,360,822 3,004,247 (77,010) 356,575 Attendance and guidance 1,016,320 1,020,030 927,432 (3,710) 92,598 Health services 803,160 797,640 744,149 5,520 53,491 Improvement of instruction and professional development 553,915 617,635 500,653 (63,720) 116,982 Media services 561,085 562,225 445,573 (1,140) 116,652 Board of Education services 285,730 285,730 290,238 - (4,508) Executive administration 1,963,990 1,985,510 1,822,129 (21,520) 163,381 Building level administration 1,242,320 1,257,660 1,240,256 (15,340) 17,404 Operation of plant 8,753,710 8,970,250 8,549,645 (216,540) 420,605 Security services 493,610 506,900 497,779 (13,290) 9,121 Nonallowable transportation 410,190 417,720 308,265 (7,530) 109,455 Food services 1,230,620 1,230,620 1,064,721 - 165,899 Business services 961,330 890,300 1,032,639 71,030 (142,339) Central office support services 502,370 359,550 313,651 142,820 45,899 Adult/community programs 1,208,100 1,220,950 1,322,499 (12,850) (101,549) Total expenditures 23,270,262 23,483,542 22,063,876 (213,280) 1,419,666 Revenues over (under) expenditures $ 6,401,998 $ 6,241,768 $ 7,935,652 $ (160,230) $ 1,693,884 The accompanying notes are an integral part of this statement. - 64 -

SCHOOL DISTRICT OF CLAYTON SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - CASH BASIS - GENERAL FUND - UNAUDITED Year ended June 30, 2024 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $ 28,608,500 $ 28,638,090 $ 28,883,545 $ 29,590 $ 245,455 County 125,000 125,000 154,097 - 29,097 State 305,740 317,040 373,670 11,300 56,630 Federal 633,020 645,180 571,737 12,160 (73,443) Other - - 16,479 - 16,479 Total revenues 29,672,260 29,725,310 29,999,528 53,050 274,218 Expenditures Instruction 3,283,812 3,360,822 3,004,247 (77,010) 356,575 Attendance and guidance 1,016,320 1,020,030 927,432 (3,710) 92,598 Health services 803,160 797,640 744,149 5,520 53,491 Improvement of instruction and professional development 553,915 617,635 500,653 (63,720) 116,982 Media services 561,085 562,225 445,573 (1,140) 116,652 Board of Education services 285,730 285,730 290,238 - (4,508) Executive administration 1,963,990 1,985,510 1,822,129 (21,520) 163,381 Building level administration 1,242,320 1,257,660 1,240,256 (15,340) 17,404 Operation of plant 8,753,710 8,970,250 8,549,645 (216,540) 420,605 Security services 493,610 506,900 497,779 (13,290) 9,121 Nonallowable transportation 410,190 417,720 308,265 (7,530) 109,455 Food services 1,230,620 1,230,620 1,064,721 - 165,899 Business services 961,330 890,300 1,032,639 71,030 (142,339) Central office support services 502,370 359,550 313,651 142,820 45,899 Adult/community programs 1,208,100 1,220,950 1,322,499 (12,850) (101,549) Total expenditures 23,270,262 23,483,542 22,063,876 (213,280) 1,419,666 Revenues over (under) expenditures $ 6,401,998 $ 6,241,768 $ 7,935,652 $ (160,230) $ 1,693,884 The accompanying notes are an integral part of this statement. - 64 - SCHOOL DISTRICT OF CLAYTON SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - CASH BASIS - SPECIAL REVENUE FUND - UNAUDITED Year ended June 30, 2024 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $30,533,500 $30,533,500 $30,193,522 $ - $ (339,978) County 256,000 256,000 220,906 - (35,094) State 2,007,980 2,007,980 1,527,471 - (480,509) Federal 147,670 170,490 220,562 22,820 50,072 Total revenues 32,945,150 32,967,970 32,162,461 22,820 (805,509) Expenditures Instruction 31,363,630 31,397,640 31,117,361 (34,010) 280,279 Attendance and guidance 1,531,830 1,537,450 1,497,828 (5,620) 39,622 Health services 141,350 141,350 134,052 - 7,298 Improvement of instruction and professional development 1,409,010 1,409,010 1,396,921 - 12,089 Media services 594,890 594,890 618,066 - (23,176) Executive administration 1,370,290 1,370,290 1,524,257 - (153,967) Building level administration 1,710,340 1,710,340 1,749,575 - (39,235) Business services (188,000) (118,000) - (70,000) (118,000) Central office support services 870 167,290 166,979 (166,420) 311 Adult/community programs 3,480 3,480 3,523 - (43) Total expenditures 37,937,690 38,213,740 38,208,562 (276,050) 5,178 Revenues under expenditures $(4,992,540)$(5,245,770)$(6,046,101)$ (253,230)$ (800,331) The accompanying notes are an integral part of this statement. - 65 -

SCHOOL DISTRICT OF CLAYTON SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - CASH BASIS - SPECIAL REVENUE FUND - UNAUDITED Year ended June 30, 2024 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $30,533,500 $30,533,500 $30,193,522 $ - $ (339,978) County 256,000 256,000 220,906 - (35,094) State 2,007,980 2,007,980 1,527,471 - (480,509) Federal 147,670 170,490 220,562 22,820 50,072 Total revenues 32,945,150 32,967,970 32,162,461 22,820 (805,509) Expenditures Instruction 31,363,630 31,397,640 31,117,361 (34,010) 280,279 Attendance and guidance 1,531,830 1,537,450 1,497,828 (5,620) 39,622 Health services 141,350 141,350 134,052 - 7,298 Improvement of instruction and professional development 1,409,010 1,409,010 1,396,921 - 12,089 Media services 594,890 594,890 618,066 - (23,176) Executive administration 1,370,290 1,370,290 1,524,257 - (153,967) Building level administration 1,710,340 1,710,340 1,749,575 - (39,235) Business services (188,000) (118,000) - (70,000) (118,000) Central office support services 870 167,290 166,979 (166,420) 311 Adult/community programs 3,480 3,480 3,523 - (43) Total expenditures 37,937,690 38,213,740 38,208,562 (276,050) 5,178 Revenues under expenditures $(4,992,540)$(5,245,770)$(6,046,101)$ (253,230)$ (800,331) The accompanying notes are an integral part of this statement. - 65 - SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2024 NOTE A – BUDGETS AND BUDGETARY ACCOUNTING The District follows these procedures in establishing the budgetary data reflected in the financial statements:  In accordance with Chapter 67, RSMo, the District adopts a budget for each fund.  Prior to July, the Superintendent, who serves as the budget officer, submits to the Board a proposed budget for the fiscal year beginning on the following July 1. The proposed budget includes estimated revenues and proposed expenditures for all District funds. Budgeted expenditures cannot exceed beginning available monies plus estimated revenues for the year.  A public hearing is conducted to obtain taxpayer comments. Prior to its approval by the Board, the budget document is available for public inspection.  Prior to July 1, the budget is legally enacted by a vote of the Board.  Subsequent to its formal approval of the budget, the Board has the authority to make necessary adjustments to the budget by formal vote of the Board. For each fund, total fund expenditures may not legally exceed final amended budgeted expenditures. Expenditure appropriations lapse at the end of the fiscal year.  Budgeted amounts are as originally adopted on June 7, 2023, 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 -

Expenditure appropriations lapse at the end of the fiscal year.  Budgeted amounts are as originally adopted on June 7, 2023, 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, 2024 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 $ 29,999,528 $ 32,162,461 Current year revenue accruals (214,219) 411,036 Prior year revenue accruals 391,343 (381,515) Revenues - modified accrual basis $ 30,176,652 $ 32,191,982 Expenditures Expenditures - cash basis $ 22,063,876 $ 38,208,562 Current year expenditure accruals 95,405 137,832 Prior year expenditure accruals (230,661) (88,794) Expenditures - modified accrual basis $ 21,928,620 $ 38,257,600 - 67 -

SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2024 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 $ 29,999,528 $ 32,162,461 Current year revenue accruals (214,219) 411,036 Prior year revenue accruals 391,343 (381,515) Revenues - modified accrual basis $ 30,176,652 $ 32,191,982 Expenditures Expenditures - cash basis $ 22,063,876 $ 38,208,562 Current year expenditure accruals 95,405 137,832 Prior year expenditure accruals (230,661) (88,794) Expenditures - modified accrual basis $ 21,928,620 $ 38,257,600 - 67 - SCHOOL DISTRICT OF CLAYTON NET PENSION LIABILITY - UNAUDITED Year ended June 30, 2024 Schedule of Proportionate Share of the Net Pension Liability and Related Ratios – PSRS Year ended* Proportion of the Net Pension Liability (Asset) Proportionate share of the Net Pension Liability (Asset) Actual member payroll Net Pension Liability (Asset) as a percentage of covered payroll Fiduciary Net Position as a percentage of total pension liability 6/30/2014 % 0.5208 $ 21,366,213 $ 23,616,628 % 90.47 % 89.34 6/30/2015 % 0.5256 30,342,153 24,305,850 % 124.83 % 85.78 6/30/2016 % 0.5421 40,335,757 25,587,013 % 157.64 % 82.18 6/30/2017 % 0.5510 39,790,604 26,583,036 % 149.68 % 83.77 6/30/2018 % 0.5512 41,022,820 27,049,379 % 151.66 % 84.06 6/30/2019 % 0.5515 40,701,088 27,606,008 % 147.44 % 84.62 6/30/2020 % 0.5488 49,011,771 27,895,612 % 175.70 % 82.01 6/30/2021 % 0.5532 12,246,619 29,001,748 % 42.23 % 95.81 6/30/2022 % 0.5483 42,406,647 29,420,226 % 144.14 % 86.04 6/30/2023 % 0.5435 45,439,442 30,035,398 % 151.29 % 85.38 Schedule of Proportionate Share of the Net Pension Liability and Related Ratios – PEERS Year ended* Proportion of the Net Pension Liability (Asset) Proportionate share of the Net Pension Liability (Asset) Actual member payroll Net Pension Liability (Asset) as a percentage of covered payroll Fiduciary Net Position as a percentage of total pension liability 6/30/2014 % 0.5233 $ 1,910,913 $ 7,630,413 % 25.04 % 91.33 6/30/2015 % 0.5044 2,667,803 7,563,393 % 35.27 % 88.28 6/30/2016 % 0.5122 4,109,561 7,908,987 % 51.96 % 83.32 6/30/2017 % 0.5064 3,863,583 8,137,380 % 47.48 % 85.35 6/30/2018 % 0.4976 3,845,017 8,279,018 % 46.44 % 86.06 6/30/2019 % 0.4942 3,908,930 8,571,837 % 45.60 % 86.38 6/30/2020 % 0.4788 4,647,029 8,615,269 % 53.94 % 84.06 6/30/2021 % 0.4700 506,154 8,612,957 % 5.88 % 98.36 6/30/2022 % 0.4589 3,878,246 8,957,602 % 43.30 % 87.92 6/30/2023 % 0.4394 4,389,184 9,353,060 % 46.93 % 86.50 - 68 -