Deferred outflows of resources are not due and payable in the current period and therefore are not reported in the funds Deferred pension contributions OPEB deferrals Deferred inflows of resources related to pension deferrals are not reported in governmental funds Deferred inflows of resources related to OPEB deferrals are not reported in governmental funds Long-term liabilities, including bonds payable, are not due and not payable in the current period and therefore are not reported as liabilities in the funds. Long-term liabilities at year end consist of: Bonds payable Capital leases Accrued interest on the bonds Compensated absences Net pension liability Postemployment benefits other than pensions liability Net position of governmental activities 149,318,862 (46,730,782) 15,286,338 183,918 71,942,824 5,065,000 978,592 372,056 44,867,812 5,765,488 The accompanying notes are an integral part of this statement. - 24 - $ 28,115,183 102,588,080 120,023 359,327 15,470,256 (2,277,940) (118,377) (128,991,772) $ 15,264,780

SCHOOL DISTRICT OF CLAYTON STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Year ended June 30, 2019 Special Debt Capital Total General Revenue Service Projects Governmental Fund Fund Fund Fund Funds Revenues Local $ 17,294,981 $ 26,911,952 $ 7,312,664 $ 1,650,399 $ 53,169,996 County 112,759 242,944 151,287 18,835 525,825 State 244,496 1,498,308 1,742,804 Federal 316,041 183,242 1,136,299 1,635,582 Other 5,417 351,630 93,598 450,645 Total revenues 17,973,694 29,188,076 8,600,250 1,762,832 57,524,852 Expenditures Instruction 2,759,538 26,868,880 665,281 30,293,699 Attendance and guidance 712,672 1,310,617 2,023,289 Health services 437,221 126,345 563,566 Improvement of instruction and professional development 420,831 600,954 1,021,785 Media services 344,194 606,639 2,618 953,451 Board of Education services 203,563 203,563 Executive administration 1,408,521 1,123,656 283,320 2,815,497 Building level administration 1,086,820 1,536,469 2,623,289 Operation of plant 7,152,373 401,749 7,554,122 Security services 203,979 48,676 252,655 Nonallowable transportation 185,253 185,253 Food services 1,184,498 11,990 1,196,488 Business services 939,330 939,330 Central office support services 448,930 1,098 450,028 Adult/community programs 1,199,620 3,511 1,203,131 Debt service: Principal retirements 23,750,000 7,122 23,757,122 Interest and other charges 4,331 ,872 63,149 4,395,021 Total expenditures 18,687,343 32,177,071 28,081,872 1,485,003 80,431,289 Revenues over (under) expenditures (713,649) (2,988,995) (19,481,622) 277,829 (22,906,437) Other financing sources (uses) Proceeds from capital lease 5,065,000 5,065,000 Transfers 258,936 {33,1562 {2,5132 223,267 258,936 {33,1562 5,062,487 5,288,267 NET CHANGE IN FUND BALANCES (454,713) (3,022,151) (19,481,622) 5,340,316 (17,618,170) Fund balances at July 1, 2018 5,365,230 10,436,780 24,468,101 5,463,242 45,733,353 Fund balances at June 30, 2019 $ 4,910,517 $ 7,414,629 $ 4,986,479 $ 10,803,558 $ 28,115,183 The accompanying notes are an integral part of this statement. -25 -