The District is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; injuries to employees and natural disasters. To mitigate these risks, the District is a participant in the Missouri United School Insurance Council (MUSIC) which is a Protected Self-Insurance Program of Missouri Public School Districts with over 475 members. The District pays an assessment to MUSIC to cover estimated claims payable and reserves for claims for each entity. Part of the assessment then goes to purchase excess insurance contracts for the group as a whole. 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. - 63 -

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. - 63 - 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, 2025 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $ 23,017,130 $ 23,017,130 $ 30,781,488 $ - $ 7,764,358 County 133,500 133,500 152,039 - 18,539 State 305,990 317,044 344,659 11,054 27,615 Federal 550,260 590,593 407,535 40,333 (183,058) Other - - 22,556 - 22,556 Total revenues 24,006,880 24,058,267 31,708,277 51,387 7,650,010 Expenditures Instruction 3,303,654 3,398,810 2,956,932 (95,156) 441,878 Attendance and guidance 1,080,280 1,133,705 1,072,847 (53,425) 60,858 Health services 843,330 853,918 769,368 (10,588) 84,550 Improvement of instruction and professional development 598,285 620,734 418,161 (22,449) 202,573 Media services 481,305 480,785 459,998 520 20,787 Board of Education services 305,360 367,020 253,949 (61,660) 113,071 Executive administration 1,996,170 2,061,547 1,974,899 (65,377) 86,648 Building level administration 1,285,760 1,290,690 1,161,204 (4,930) 129,486 Operation of plant 9,058,300 9,079,250 8,795,328 (20,950) 283,922 Security services 424,240 439,080 467,956 (14,840) (28,876) Nonallowable transportation 393,970 391,198 320,687 2,772 70,511 Food services 1,240,960 1,240,960 1,083,079 - 157,881 Business services 1,060,550 1,015,370 1,073,035 45,180 (57,665) Central office support services 364,945 364,945 316,661 - 48,284 Adult/community programs 1,324,580 1,331,195 1,383,248 (6,615) (52,053) Total expenditures 23,761,689 24,069,207 22,507,352 (307,518) 1,561,855 Revenues over (under) expenditures $ 245,191 $ (10,940) $ 9,200,925 $ (256,131) $ 9,211,865 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 - GENERAL FUND - UNAUDITED Year ended June 30, 2025 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $ 23,017,130 $ 23,017,130 $ 30,781,488 $ - $ 7,764,358 County 133,500 133,500 152,039 - 18,539 State 305,990 317,044 344,659 11,054 27,615 Federal 550,260 590,593 407,535 40,333 (183,058) Other - - 22,556 - 22,556 Total revenues 24,006,880 24,058,267 31,708,277 51,387 7,650,010 Expenditures Instruction 3,303,654 3,398,810 2,956,932 (95,156) 441,878 Attendance and guidance 1,080,280 1,133,705 1,072,847 (53,425) 60,858 Health services 843,330 853,918 769,368 (10,588) 84,550 Improvement of instruction and professional development 598,285 620,734 418,161 (22,449) 202,573 Media services 481,305 480,785 459,998 520 20,787 Board of Education services 305,360 367,020 253,949 (61,660) 113,071 Executive administration 1,996,170 2,061,547 1,974,899 (65,377) 86,648 Building level administration 1,285,760 1,290,690 1,161,204 (4,930) 129,486 Operation of plant 9,058,300 9,079,250 8,795,328 (20,950) 283,922 Security services 424,240 439,080 467,956 (14,840) (28,876) Nonallowable transportation 393,970 391,198 320,687 2,772 70,511 Food services 1,240,960 1,240,960 1,083,079 - 157,881 Business services 1,060,550 1,015,370 1,073,035 45,180 (57,665) Central office support services 364,945 364,945 316,661 - 48,284 Adult/community programs 1,324,580 1,331,195 1,383,248 (6,615) (52,053) Total expenditures 23,761,689 24,069,207 22,507,352 (307,518) 1,561,855 Revenues over (under) expenditures $ 245,191 $ (10,940) $ 9,200,925 $ (256,131) $ 9,211,865 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, 2025 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $38,242,500 $38,242,500 $31,056,024 $ - $(7,186,476) County 305,800 305,800 218,699 - (87,101) State 2,007,980 2,007,980 1,488,621 - (519,359) Federal 86,630 158,453 161,745 71,823 3,292 Total revenues 40,642,910 40,714,733 32,925,089 71,823 (7,789,644) Expenditures Instruction 33,247,660 33,206,472 32,752,217 41,188 454,255 Attendance and guidance 1,579,310 1,579,310 1,592,498 - (13,188) Health services 149,480 149,480 211,125 - (61,645) Improvement of instruction and professional development 1,585,540 1,585,540 1,413,539 - 172,001 Media services 656,120 656,120 659,606 - (3,486) Executive administration 1,433,510 1,433,811 1,356,989 (301) 76,822 Building level administration 1,774,290 1,774,290 1,789,335 - (15,045) Business services (138,000) (138,000) - - (138,000) Central office support services 174,980 174,980 89,442 - 85,538 Adult/community programs 3,480 3,480 3,783 - (303) Total expenditures 40,466,370 40,425,483 39,868,534 40,887 556,949 Revenues over (under) expenditures $ 176,540 $ 289,250 $(6,943,445)$ 112,710 $(7,232,695) The accompanying notes are an integral part of this statement. - 66 -

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, 2025 Budgeted amounts Variances - positive (negative) Original Final Actual (budgetary basis) Original to final Final to actual Revenues Local $38,242,500 $38,242,500 $31,056,024 $ - $(7,186,476) County 305,800 305,800 218,699 - (87,101) State 2,007,980 2,007,980 1,488,621 - (519,359) Federal 86,630 158,453 161,745 71,823 3,292 Total revenues 40,642,910 40,714,733 32,925,089 71,823 (7,789,644) Expenditures Instruction 33,247,660 33,206,472 32,752,217 41,188 454,255 Attendance and guidance 1,579,310 1,579,310 1,592,498 - (13,188) Health services 149,480 149,480 211,125 - (61,645) Improvement of instruction and professional development 1,585,540 1,585,540 1,413,539 - 172,001 Media services 656,120 656,120 659,606 - (3,486) Executive administration 1,433,510 1,433,811 1,356,989 (301) 76,822 Building level administration 1,774,290 1,774,290 1,789,335 - (15,045) Business services (138,000) (138,000) - - (138,000) Central office support services 174,980 174,980 89,442 - 85,538 Adult/community programs 3,480 3,480 3,783 - (303) Total expenditures 40,466,370 40,425,483 39,868,534 40,887 556,949 Revenues over (under) expenditures $ 176,540 $ 289,250 $(6,943,445)$ 112,710 $(7,232,695) The accompanying notes are an integral part of this statement. - 66 - SCHOOL DISTRICT OF CLAYTON NOTES TO REQUIRED SUPPLEMENTARY INFORMATION June 30, 2025 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, 2024, 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, 2024, 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, 2025 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 $ 31,708,277 $ 32,925,089 Current year revenue accruals (312,804) 216,894 Prior year revenue accruals 214,219 (411,036) Revenues - modified accrual basis $ 31,609,692 $ 32,730,947 Expenditures Expenditures - cash basis $ 22,507,352 $ 39,868,534 Current year expenditure accruals 227,096 119,888 Prior year expenditure accruals (95,405) (137,832) Expenditures - modified accrual basis $ 22,639,043 $ 39,850,590 - 68 -