Independent Auditors' Report - Excerpt Report on the Audit of the Financial Statements Opinions We have audited the accompanying modified cash basis financial statements of the governmental activities and each major fund of Raytown C-2 School District, as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective modified cash basis financial position of the governmental activities and each major fund of Raytown C-2 School District, as of June 30, 2025, and the respective changes in modified cash basis financial position thereof for the year then ended in accordance with the basis of accounting in Note 1. A copy of the audit report is available in the District’s central office for inspection or examination. Raytown C-2 School District Statement of Receipts, Disbursements, and Changes in Fund Balances – Governmental Funds – Modified Cash Basis Year Ended June 30, 2025 Special Debt Capital Total General Revenue Service Projects Governmental Fund Fund Fund Fund Funds Receipts Local $ 59,049,649 $ 13,727,633 $ 11,614,222 $ 2,114,407 $ 86,505,911 County 1 ,553,243 4 4,717 5 13,871 - 2 ,111,831 State 6 ,209,341 3 7,108,496 - 5 9,672 4 3,377,509 Federal 8 ,879,199 4 ,798,928 - - 1 3,678,127 Other 2 11,229 1 ,786,819 - - 1 ,998,048 Total Receipts 7 5,902,661 5 7,466,593 1 2,128,093 2 ,174,079 1 47,671,426 Disbursements Instruction 12,855,516 50,369,557 - 4 88,645 63,713,718 Student services 5 ,481,477 3,824,384 - - 9,305,861 Instructional staff support 2 ,404,870 2,975,529 - - 5,380,399 Building administration 2 ,763,178 6,285,513 - - 9,048,691 General administration 10,426,288 3,372,104 - 1,401,583 15,199,975 Operation of plant 12,853,263 - - 1 15,562 12,968,825 Transportation 6 ,132,129 - - 39,993 6,172,122 Food service 6 ,056,197 3,953 - - 6,060,150 Community services 4 ,045,898 1,08 8,622 - 55,405 5,189,925 Facilities acquisition and construction - - - 2 3,525,413 23,525,413 Debt service - - 12,370,734 - 12,370,734 Total Disbursements 63,018,816 67,919,662 12,370,734 25,626,601 168,935,813 Excess (Deficit) of Receipts over Disbursements 1 2,883,845 ( 10,453,069) ( 242,641) ( 23,452,522) ( 21,264,387) Other Financing Sources (Uses) Sale of school buses - - - 32,950 3 2,950 Sale of other property 2 ,691 - - 1,050 3 ,741 Operating transfers in - 1 0,453,069 - 3 ,000,000 1 3,453,069 Operating transfers (out) ( 13,453,069) - - - ( 13,453,069) Total Other Financing Sources (Uses) ( 13,450,378) 1 0,453,069 - 3 ,034,000 3 6,691 Net Change in Fund Balances ( 566,533) - ( 242,641) ( 20,418,522) ( 21,227,696) Fund Balance, Beginning of Year 4 8,454,014 4 72,500 9 ,360,058 2 9,172,440 8 7,459,012 Fund Balance, End of Year $ 47,887,481 $ 472,500 $ 9,117,417 $ 8,753,918 $ 66,231,316 See accompanying Notes to the Financial Statements