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. - 65 - 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, 2022 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $ 21,549,090 $ 19,829,040 $ 20,102,123 $ (1,720,050) $ 273,083 County 127,990 117,820 117,824 (10,170) 4 State 283,320 377,990 360,218 94,670 (17,772) Federal 887,260 1,952,900 1,761,828 1,065,640 (191,072) Other 4,000 - 3,096 (4,000) 3,096 Total revenues 22,851,660 22,277,750 22,345,089 (573,910) 67,339 Expenditures Instruction 3,051,770 3,111,450 2,107,625 (59,680) 1,003,825 Attendance and guidance 814,960 843,490 775,841 (28,530) 67,649 Health services 680,680 718,860 685,224 (38,180) 33,636 Improvement of instruction and professional development 549,210 544,730 318,874 4,480 225,856 Media services 424,680 423,280 362,259 1,400 61,021 Board of Education services 279,100 279,100 228,280 - 50,820 Executive administration 1,686,830 1,703,890 1,617,595 (17,060) 86,295 Building level administration 1,117,270 1,117,270 1,068,539 - 48,731 Operation of plant 8,267,210 8,310,330 7,633,474 (43,120) 676,856 Security services 257,490 257,490 207,926 - 49,564 Nonallowable transportation 225,730 236,220 159,966 (10,490) 76,254 Food services 1,174,860 1,174,860 1,004,973 - 169,887 Business services 1,082,450 1,065,170 919,809 17,280 145,361 Central office support services 568,050 588,510 487,667 (20,460) 100,843 Adult/community programs 1,195,690 1,216,720 1,203,226 (21,030) 13,494 Total expenditures 21,375,980 21,591,370 18,781,278 (215,390) 2,810,092 Revenues over (under) expenditures $ 1,475,680 $ 686,380 $ 3,563,811 $ (789,300) $ 2,877,431 The accompanying notes are an integral part of this statement. - 67 -

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, 2022 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $ 21,549,090 $ 19,829,040 $ 20,102,123 $ (1,720,050) $ 273,083 County 127,990 117,820 117,824 (10,170) 4 State 283,320 377,990 360,218 94,670 (17,772) Federal 887,260 1,952,900 1,761,828 1,065,640 (191,072) Other 4,000 - 3,096 (4,000) 3,096 Total revenues 22,851,660 22,277,750 22,345,089 (573,910) 67,339 Expenditures Instruction 3,051,770 3,111,450 2,107,625 (59,680) 1,003,825 Attendance and guidance 814,960 843,490 775,841 (28,530) 67,649 Health services 680,680 718,860 685,224 (38,180) 33,636 Improvement of instruction and professional development 549,210 544,730 318,874 4,480 225,856 Media services 424,680 423,280 362,259 1,400 61,021 Board of Education services 279,100 279,100 228,280 - 50,820 Executive administration 1,686,830 1,703,890 1,617,595 (17,060) 86,295 Building level administration 1,117,270 1,117,270 1,068,539 - 48,731 Operation of plant 8,267,210 8,310,330 7,633,474 (43,120) 676,856 Security services 257,490 257,490 207,926 - 49,564 Nonallowable transportation 225,730 236,220 159,966 (10,490) 76,254 Food services 1,174,860 1,174,860 1,004,973 - 169,887 Business services 1,082,450 1,065,170 919,809 17,280 145,361 Central office support services 568,050 588,510 487,667 (20,460) 100,843 Adult/community programs 1,195,690 1,216,720 1,203,226 (21,030) 13,494 Total expenditures 21,375,980 21,591,370 18,781,278 (215,390) 2,810,092 Revenues over (under) expenditures $ 1,475,680 $ 686,380 $ 3,563,811 $ (789,300) $ 2,877,431 The accompanying notes are an integral part of this statement. - 67 - 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, 2022 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $32,923,620 $34,289,640 $34,595,807 $ 1,366,020 $ 306,167 County 247,700 248,990 248,982 1,290 (8) State 1,523,710 1,875,790 1,838,364 352,080 (37,426) Federal 177,770 494,430 501,015 316,660 6,585 Other - 2,840 2,837 2,840 (3) Total revenues 34,872,800 36,911,690 37,187,005 2,038,890 275,315 Expenditures Instruction 29,170,190 29,100,230 28,259,630 69,960 840,600 Attendance and guidance 1,381,410 1,383,310 1,425,228 (1,900) (41,918) Health services 131,850 131,850 218,904 - (87,054) Improvement of instruction and professional development 1,181,580 1,184,280 1,122,297 (2,700) 61,983 Media services 550,140 550,140 537,841 - 12,299 Executive administration 1,234,400 1,234,400 1,278,517 - (44,117) Building level administration 1,669,340 1,669,340 1,674,124 - (4,784) Business services 110,370 108,600 - 1,770 108,600 Central office support services - - 504 - (504) Adult/community programs 3,480 3,480 3,518 - (38) Total expenditures 35,432,760 35,365,630 34,520,563 67,130 845,067 Revenues over (under) expenditures $ (559,960)$ 1,546,060 $ 2,666,442 $ 2,106,020 $ 1,120,382 The accompanying notes are an integral part of this statement. - 68 -

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, 2022 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $32,923,620 $34,289,640 $34,595,807 $ 1,366,020 $ 306,167 County 247,700 248,990 248,982 1,290 (8) State 1,523,710 1,875,790 1,838,364 352,080 (37,426) Federal 177,770 494,430 501,015 316,660 6,585 Other - 2,840 2,837 2,840 (3) Total revenues 34,872,800 36,911,690 37,187,005 2,038,890 275,315 Expenditures Instruction 29,170,190 29,100,230 28,259,630 69,960 840,600 Attendance and guidance 1,381,410 1,383,310 1,425,228 (1,900) (41,918) Health services 131,850 131,850 218,904 - (87,054) Improvement of instruction and professional development 1,181,580 1,184,280 1,122,297 (2,700) 61,983 Media services 550,140 550,140 537,841 - 12,299 Executive administration 1,234,400 1,234,400 1,278,517 - (44,117) Building level administration 1,669,340 1,669,340 1,674,124 - (4,784) Business services 110,370 108,600 - 1,770 108,600 Central office support services - - 504 - (504) Adult/community programs 3,480 3,480 3,518 - (38) Total expenditures 35,432,760 35,365,630 34,520,563 67,130 845,067 Revenues over (under) expenditures $ (559,960)$ 1,546,060 $ 2,666,442 $ 2,106,020 $ 1,120,382 The accompanying notes are an integral part of this statement. - 68 - SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2022 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 2, 2021, 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. - 69 -

Expenditure appropriations lapse at the end of the fiscal year.  Budgeted amounts are as originally adopted on June 2, 2021, 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. - 69 - SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2022 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 $ 22,345,089 $ 37,187,005 Current year revenue accruals 496,594 257,318 Prior year revenue accruals 182,113 547,891 Revenues - modified accrual basis $ 23,023,796 $ 37,992,214 Expenditures Expenditures - cash basis $ 18,781,278 $ 34,520,563 Current year expenditure accruals 11,060 135,478 Prior year expenditure accruals (14,042) (104,255) Expenditures - modified accrual basis $ 18,778,296 $ 34,551,786 - 70 -

SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2022 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 $ 22,345,089 $ 37,187,005 Current year revenue accruals 496,594 257,318 Prior year revenue accruals 182,113 547,891 Revenues - modified accrual basis $ 23,023,796 $ 37,992,214 Expenditures Expenditures - cash basis $ 18,781,278 $ 34,520,563 Current year expenditure accruals 11,060 135,478 Prior year expenditure accruals (14,042) (104,255) Expenditures - modified accrual basis $ 18,778,296 $ 34,551,786 - 70 - SCHOOL DISTRICT OF CLAYTON NET PENSION LIABILITY - UNAUDITED Year ended June 30, 2022 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 % 151.00 % 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 12,246,618 29,001,748 % 42.23 % 95.81 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 - 71 -