This is the School District of Clayton's audited financial report for the fiscal year ended June 30, 2020. It includes the independent auditors' report, management's discussion and analysis, district-wide and fund financial statements (statement of net position, statement of activities, balance sheet for governmental funds, proprietary funds statements, and reconciliations), notes to the financial statements, and supplementary and budgetary schedules. The excerpts show program-level revenues and expenses (e.g., total governmental activities expenses of $71,448,986, net expense for instruction of $(30,672,612)), summaries of general revenues and transfers (total general revenues $70,167,686 and a change in net position of $8,806,299), and fund-level balances and assets (total governmental assets $94,592,181 with major line items such as cash, property tax receivables, and accounts payable).