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, 2020 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $34,210,270 $36,004,380 $37,159,405 $ 1,794,110 $ 1,155,025 County 247,000 281,770 281,774 34,770 4 State 1,405,960 1,429,440 1,417,715 23,480 (11,725) Federal 142,090 123,980 122,782 (18,110) (1,198) Other 165,620 140,140 120,485 (25,480) (19,655) Total revenues 36,170,940 37,979,710 39,102,161 1,808,770 1,122,451 Expenditures Instruction 28,233,790 27,871,190 27,041,280 362,600 829,910 Attendance and guidance 1,324,410 1,324,410 1,346,623 - (22,213) Health services 124,680 124,680 158,637 - (33,957) Improvement of instruction and professional development 627,200 1,002,140 970,505 (374,940) 31,635 Media services 587,790 587,790 588,093 - (303) Executive administration 1,048,950 1,048,950 1,050,968 - (2,018) Building level administration 1,569,410 1,569,410 1,594,989 - (25,579) Business services 90,000 80,540 - 9,460 80,540 Central office support services 5,800 5,800 - - 5,800 Adult/community programs 3,480 3,480 3,600 - (120) 33,615,510 33,618,390 32,754,695 (2,880) 863,695 Total expenditures Revenues over expenditures $ 2,555,430 $ 4,361,320 $ 6,347,466 $ 1,805,890 $ 1,986,146 The accompnaying notes are an integral part of this statement. - 66 - SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020 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 5, 2019, 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. - 67 -

Expenditure appropriations lapse at the end of the fiscal year.  Budgeted amounts are as originally adopted on June 5, 2019, 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. - 67 - SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020 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 $ 22,581,777 $ 39,102,161 Current year revenue accruals 319,356 200,282 Prior year revenue accruals (326,058) (174,792) Revenues - modified accrual basis $ 22,575,075 $ 39,127,651 Expenditures Expenditures - cash basis $ 18,053,213 $ 32,754,695 Current year expenditure accruals 44,292 23,650 Prior year expenditure accruals (129,258) (109,063) Expenditures - modified accrual basis $ 17,968,247 $ 32,669,282 - 68 -

SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2020 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 $ 22,581,777 $ 39,102,161 Current year revenue accruals 319,356 200,282 Prior year revenue accruals (326,058) (174,792) Revenues - modified accrual basis $ 22,575,075 $ 39,127,651 Expenditures Expenditures - cash basis $ 18,053,213 $ 32,754,695 Current year expenditure accruals 44,292 23,650 Prior year expenditure accruals (129,258) (109,063) Expenditures - modified accrual basis $ 17,968,247 $ 32,669,282 - 68 - SCHOOL DISTRICT OF CLAYTON NET PENSION LIABILITY - UNAUDITED Year ended June 30, 2020 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 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 3,844,992 8,279,018 % 46.44 % 86.06 6/30/2019 % 0.4942 3,908,930 8,571,837 % 45.60 % 86.38 - 69 -

SCHOOL DISTRICT OF CLAYTON NET PENSION LIABILITY - UNAUDITED Year ended June 30, 2020 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 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 3,844,992 8,279,018 % 46.44 % 86.06 6/30/2019 % 0.4942 3,908,930 8,571,837 % 45.60 % 86.38 - 69 - SCHOOL DISTRICT OF CLAYTON NET PENSION LIABILITY - UNAUDITED Year ended June 30, 2020 Schedule of Employer Contributions - PSRS Year ended Contractually required contribution Actual employer contributions Contributions excess / (deficiency) Covered payroll Contributions as a percentage of covered payroll 6/30/2013 $ 3,360,070 $ 3,360,070 $ - $ 23,695,943 % 14.18 6/30/2014 3,353,834 3,353,834 - 23,616,628 % 14.20 6/30/2015 3,450,675 3,450,675 24,305,850 % 14.21 6/30/2016 3,631,138 3,631,138 - 25,587,013 % 14.19 6/30/2017 3,768,984 3,768,984 - 26,583,036 % 14.18 6/30/2018 3,843,008 3,843,008 - 27,049,379 % 14.21 6/30/2019 3,925,649 3,925,649 - 27,606,008 % 14.22 6/30/2020 3,997,277 3,997,277 - 28,149,838 % 14.20 Schedule of Employer Contributions - PEERS Year ended Contractually required contribution Actual employer contributions Contributions excess / (deficiency) Covered payroll Contributions as a percentage of covered payroll 6/30/2013 $ 535,396 $ 535,396 $ - $ 7,805,015 % 6.86 6/30/2014 523,447 523,447 - 7,630,413 % 6.86 6/30/2015 518,849 518,849 - 7,563,393 % 6.86 6/30/2016 542,557 542,557 - 7,908,987 % 6.86 6/30/2017 558,224 558,224 - 8,137,380 % 6.86 6/30/2018 567,941 567,941 - 8,279,018 % 6.86 6/30/2019 588,545 588,545 - 8,571,837 % 6.87 6/30/2020 592,417 592,417 - 8,635,816 % 6.86 Note: These schedules are intended to show information for ten years. Additional years will be displayed as they become available. *The data provided in the schedules is based as of the measurement date of the System's net pension liability, which is as of the beginning of the District's fiscal year. - 70 - -

SCHOOL DISTRICT OF CLAYTON NET PENSION LIABILITY - UNAUDITED Year ended June 30, 2020 Schedule of Employer Contributions - PSRS Year ended Contractually required contribution Actual employer contributions Contributions excess / (deficiency) Covered payroll Contributions as a percentage of covered payroll 6/30/2013 $ 3,360,070 $ 3,360,070 $ - $ 23,695,943 % 14.18 6/30/2014 3,353,834 3,353,834 - 23,616,628 % 14.20 6/30/2015 3,450,675 3,450,675 24,305,850 % 14.21 6/30/2016 3,631,138 3,631,138 - 25,587,013 % 14.19 6/30/2017 3,768,984 3,768,984 - 26,583,036 % 14.18 6/30/2018 3,843,008 3,843,008 - 27,049,379 % 14.21 6/30/2019 3,925,649 3,925,649 - 27,606,008 % 14.22 6/30/2020 3,997,277 3,997,277 - 28,149,838 % 14.20 Schedule of Employer Contributions - PEERS Year ended Contractually required contribution Actual employer contributions Contributions excess / (deficiency) Covered payroll Contributions as a percentage of covered payroll 6/30/2013 $ 535,396 $ 535,396 $ - $ 7,805,015 % 6.86 6/30/2014 523,447 523,447 - 7,630,413 % 6.86 6/30/2015 518,849 518,849 - 7,563,393 % 6.86 6/30/2016 542,557 542,557 - 7,908,987 % 6.86 6/30/2017 558,224 558,224 - 8,137,380 % 6.86 6/30/2018 567,941 567,941 - 8,279,018 % 6.86 6/30/2019 588,545 588,545 - 8,571,837 % 6.87 6/30/2020 592,417 592,417 - 8,635,816 % 6.86 Note: These schedules are intended to show information for ten years. Additional years will be displayed as they become available. *The data provided in the schedules is based as of the measurement date of the System's net pension liability, which is as of the beginning of the District's fiscal year. - 70 - - SCHOOL DISTRICT OF CLAYTON SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND RELATED RATIOS - UNAUDITED Year ended June 30, 2020 2020 2019 2018 Total OPEB liability Service Cost $ 216,081 $ 264,514 $ 270,318 Interest on total OPEB liability 205,795 213,641 199,304 Effect of liability gains or losses (1,530,458) - - Changes in assumptions 657,732 211,954 (160,959) Benefit payments (205,185) (357,661) (341,928) Net change in total OPEB liability (656,035) 332,448 (33,265) Total OPEB liability at beginning of year 5,765,488 5,433,040 5,466,305 Total OPEB liability at end of year $ 5,109,453 $ 5,765,488 $ 5,433,040 Covered Payroll $ 32,481,736 $ 32,341,024 $ 31,688,037 Total OPEB liability as a percentage of covered payroll % 15.73 % 17.83 % 17.15 Note: This schedule is to present information for 10 years. Additional years will be presented as they become available. Plan Assets No assets are accumulated in a trust that meets all of the following criteria of GASB Statement No. 75, paragraph 4, to pay benefits:  Contributions from the employer and any nonemployer contributing entities, and earnings thereon, must be irrevocable.  Plan assets must be dedicated to providing OPEB to plan members in accordance with the benefit terms.  Plan assets must be legally protected from the creditors of the employer, nonemployer contributing entities, the plan administrator, and plan members. - 71 -