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RENEW - REINVENTING EDUCATION NEW ORLEANS. LOUISIANA

FINANCIAL STATEMENTS

JUNE 30.2012 AND 2011

Under provisions of state law this report is a public document A copy of the report has been submitted to the entity and other appropnate public officials The report is available for public inspection at the Baton Rouge office of the Legislative Auditor and. v^here appropriate, at the office of the parish clerk of court

JAN 1 6 2013 Release Date

l r a | M Postlethwaite mSSSm & Netterville

A PrafoMionol Accounttn9 Corporolion

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RENEW- REINVENTING EDlJCAXrON NEW ORLEANS, LOUISIANA


JUNE 30.2012 AND 2011

TABLE OF CONTENTS

Page

INDEPENDENT AUDITORS' REPORT 1


Statements of Financial Position 2

Statements of Activities and Changes in Ket Assets 3

Statements of Cash Flows 4

Notes to Financial Statements 5

Postlethwaite & Netterville

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INDEPENDENT ALDITORS' REPORT

To the Board of Director for ReKEW - Reinventing Education New Orleans, Louisiana

We have audited the accompanying statements of financial position of ReNEW - Reinventing Education C'ReNEW*) as of June 30, 2012 and 2011, and the related statements of activities and changes in net assets and cash flows for the years then ended. These fmancial statements are the responsibility of ReNEW's management Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance uith auditing standards generally accepted in the United States of Amenca and the standards applicable to fmancial audits contained in Govemment Auditing Standards, issued by the Comptroller General of the United States Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are fiee of material misstatement. An audit includes consideration of intemal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the eflectiveness of ReNEW's mtemal control over financial reporting Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessmg the accounting prmciples used and significant estmiates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion

ID our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of ReNBW - Reinventing Education as of June 30,2012 and 2011, and the changes in its net assets and Its cash flows for the years ended m conformity with accounting principles generally accepted in the Umted States of America.

In accordance with Govemment A uditing Standards, we have also issued our report dated December 31,2012, on our consideration of ReNEW's mtemal control over fmancial reportmg and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to descnbe e scope of our testing of intemal control over financial reporting and compliance and the results of that testmg, and not to provide an opmion on mtemaj control over financia] reporting or on compliance That report is an integral part of an audit performed m accordance with Government Auditing Standards and should be considered in assessing the results of our audit.

f!hdjkdiM/<>^rl\l(d^ New Orleans, Louisiana December 31,2012

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30th Floor - energy Centre • llOO PovarasSt-eet • New OHesns, LA 70163-3000 • Tel 504 561)2978

One Galk'r.3 Blvd. S'ji:e 2100 • Metane. LA 70001 • Tel 504 837 5990 • Fax 504834 3600

RENEW-REINVENTING EDUCATION STATEMENTS OF FINANCIAL POSITION

Ji;-NE30,2012AND201]

CURRENT ASSETS Cash and cash equivalents, unrestricted Cash and cash equivalents, restricted Grants receivable Other receivables Prepaid expenses

A S S E T S 2012

$ 340,502 52,139

1326,522 1,434

91.951

2011

$ 652,584 589,582 319,465

-27,481

Total current assets K8I2,548 1,589,112

PROPERTY AND EQUIPMENT. NET 528,000 477>376

Total assets S 2.340,548 S 2,066.488

L I A B I L I T I E S A N D N E T A S S E T S

CURRENT LIABILITIES Accounts payable and accrued expenses S 1,923,376 $ 958,505 Current portion ofcapital leases payable 23,644 23,644 Note payable -___ 300,000

Total current liabilities 1,947,020 1,282,149

LONG-TERM LIABILITIES Long-term portion ofcapital leases payable 27,512 51,156

Total liabilities

NET ASSETS Unrestricted Temporarily restricted

Total net assets

Total liabilities and net assets

The accompanying notes are an integral part of these financial statements

1,974,532

313,877 52,139

366,016

$ 2,340,548

1.333,305

143,601 589,582

733,183

$ 2.066.488

RENEW - REim^NTING EDUCATION STATEMENTS OF ACTIVITIES AND CHANCES IN NET ASSETS

YEARS F.NDKD JUNE 30.2012 AND 2011

Year eoded June 30,2012 VeJir coded June 30,201 ]

REVENUES AND SUPPORT Federal govemment Suite untl Uical govcrnniciils Private grants and donations Other revenue Net assets released &om restrictions

Total revenues and other support

FXPENSI-:S Program services

Regular education programs Opcrulion and maintenance uf plant Speciai education programs $cho<>l adiniiuslniliim Instruttional stafTservices Pood sen'ice operations Pupil suppon services Student activities

Management and gcneml General admimstralion

Total expenses

Change in net assets

NET ASSETS. BWilNMNC; OF YEAR

NETASSErS. F.NDOFYEAR

Unrestricted

$ 6,988.797 17,224,200

520.712 89.544

902J68

Temporarily Restncted

$ -

365,325 -

(902.768)

Total

$ 6.988.797 17.224,200

886,037 89,544

-

Unrestricted

$ 4,254,981 9.615.416

419,070 14,781

834,934

Temporarily Restncted

$ -

1.120,000 -

(834,934)

Total

$ 4,254.981 9.615.416 1,539.070

14,781

-

25.726.021 (537.443) 25.188.578 15.139.182 285.066 15.424,248

12.015,741 4,667,408 2,073,372 2,474,989 U456.407

123,282 970.882 654.286

1,119,378

25.555.745

170.276

143,601

S 313,877 I

-• --••

-.

-

_

(537.443)

589.582

S 52,139

12.015,741 4,667.408 2,07X372 2,474,989 1,456,407

123.282 970,882 654.286

1,119.378

25,555,745

(367,167)

733.183

$ 366.016

6.534.502 1.806.897

695.399 1.398,540 2.061.694

125,461 292,662

1.386.852

874,279

15.176.286

(37.104)

180,703

S 143.601 S

--------

•

.

285.066

304,516

; 589,582

6.534.502 1.806.897

695.399 1.398.540 2,061,694

123,461 292.662

1.386,853

874,279

15,176,286

247,962

485,221

$ 733.183

llie accompanymg notes are an mtegral part of these tinancial statements

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RENEW - REINVENTING EDUCATION STATEMENTS OF CASH FLOWS

YEARS ENDED JUNE 30.2012 AND 2011

2012 2011 CASH FLOWS FROM OPERATING ACTIVITIES:

Change in net assets Adjustments to reconcile change in net assets

to net cash provided by operating activities: Depreciation expense Changes in operating assets and liabilities*

Grant receivable Other receivables Prepaid expenses Accounts payable and accrued expenses

Net cash provided by (used in) operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:

Purchases of property and equipment

Net cash iised in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds irom note payable Payments on note payable Payments on capital leases

Net cash provided by (used in) financing activities

Net increase (decrease) in cash

Cash and cash equivalents, beginning of year

Cash and cash equivalents, end of year

SUPPLEMENTAL DISCLOSURE FOR CASH FLOW INFORMATION

Cash paid dunng the year for interest S 7,778 S 19,168

NON-CASH TRANSACTIONS

Equipment acquired tiirough capital leases S -_ _S 97,154

The accompanying notes are an integral part of these financial statements

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$ (367,167) i

272,012

(1,007,057)

(1,434)

(64,470)

964,871

(203,245)

(322,636)

(322,636)

(300,000)

(23,644)

(323,644)

(849.525)

1,242,166

S 392.641

B 247,962

152,182

(266)

(27,481)

722,045

1,094,442

(337.222)

(337,222)

300,000

(22,354)

277,646

1,034,866

207,300

S 1,242,166

RENEW - REINVENTING EDUCATION

NOTES TO FINANCIAL STATEMENTS

1. Summan* of Significant Accounting PoHcics

Organization

ReNEW - Reinventing Education (' ReNEW*')* incorporated on June 6, 2009, is an educational institution organized to provide a rigorous, college preparatory education to historically underserved prekindergarten through twelfth grade students

ll ie Board of Elementary and Secondaiy Education (BESE) approved the granting of two charters to ReNEW effective June 8, 2010 for an initial period ending on June 30, 2013, to operate two Type S Charter Schools, as defined in LA R.S. 17:3996. ReNEW commenced operations with the 2010-2011 school year. Dunng the year ended June 30,2012, ReNEW opened three additionai schools. At June 30, 2012, ReNEW operated five schools, SciTech Academy at Laurel Elementaiy, Batiste Cultural Arts Academy at Live Oak Elementary, Accelerated High School #1 - City Park Campus, Accelerated High School U2 - West Bank Campus, and Reed Elementary.

On December 7,2011, ReNEW was approved for two additional charters for an alternative high school and one K-8 elementaiy school to be opened no earlier than July 2013. The locations and names of the schools tliat will operate under the two additional charters are to be detenmined at a future date. As of the report date, ReNEW has not opened a school under these two charters.

Basis of Accounlinp

The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Financial Statement Presentation

The financial statement presentation follows the recommendations of the Financial Accounting Standards Board under ASC No 958 Not-for-Frofit Entities

ReNEW is required to report infonnation regarding its financial position and activities according to three classes of net assets* unrestricted net assets, temporarily restricted net assets, and pennanently restricted net assets. Accordingly, the net assets of ReNEW and changes therein are classified and reported as follows:

« Unrestncted net assets - Net assets (hat are not subject to donor-imposed stipulations. • Temporarily restricted net assets - Net assets subject to donor-imposed stipulations that will be

met either by actions of ReNEW and/or the passage of time • Permanently restricted net assets - Net assets subject lo donor-imposed stipulations thai neitlier

expire by the passage of time nor can be fulfilled and removed by actions of ReNEW pursuant to those stipulations. At June 3 0,2012 and 2011, ReNEW had no permanently restricted net assets.



1. Summary of Significant Accounting Policies {continued^

Cash and Cash Eouivalents

Cash includes amounts on deposit at local financial institutions.

Property and Equipment

The land, building and building unprovements used to operate ReNEW are owned by the Recovery School District (RSD) and, as such, are recorded on the fmancial statements of the RSD. The RSD also provided ReNEW with iumimre and equipment ^ t is also recorded on the RSD's fmancial statements and not reported by ReNEW. ReNEW only reports its direct purchases of leasehold improvements, fumiture and equipment. ReNEW has adopted the practice of capitalizing all expenditures for depreciable assets where the unit costs exceed Sl ,000. Property is recorded at cost or at fair value for donated assets. Depreciation of these assets is provided on the straight-line basis over their estimated useful lives of 3 years for fumiture and equipment and 5 years for leasehold improvements.

Contributions and Revenue Recognition

ReNEW reports contributions of cash or other assets as restricted support if they are received with donor imposed restrictions or requirements that limit the use of the donation A donor restriction ends when a time restriction is met or a purpose restriction is accomplished. As restrictions are met, assets are reclassified to unrestricted net assets and reported as net assets released from restrictions in the statement of activities.

Revenues from federal and state grants are recorded when ReNEW has a right to reimbursement under the related grant, generally corresponding to the incurring of grant related costs by ReNEW. or when otherwise eamed under the terms of the grants.

Contributed Services

In addition, ReNEW receives services donated by parents and community members in carrying out ReNEW's mission. The value of these services is nol recognized in the accompanying financial statements due to their unspecialized mture.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures Accordingly, actual results could differ from those estimates

Functional Expenses

The costs of prov iding the various programs and activities have been summarized on a fimctional basis in Note 7 Accordingly, certain costs have been allocated among the services benefited

R E N E W - REINVENTING EDUCATION


L Summary of Sigmficant Accounting Policies (continued)

Tax Exempt Status

ReNEW is a nonprofit organization exempt from the income taxes under provisions of the Intemal Revenue Service Code Sections 501(c) (3) and the Louisiana Revised Statutes; therefore, no provision has been made for federal and state income taxes

ReNEW applies a **more-likely-than-not" recognition threshold for all tax uncertainties. This approach only allows the recognmon of those tax benefits that have a greater than 50% percent likelihood of bemg sustained upon examination by the taxing authorities As a result of implementmg this approach, ReNBW has reviewed its tax positions and determined there were no outstanding, or retroactive tax positions with less than a 50% likelihood of being sustained upon examination by the taxing authorities, therefore the implementation of this standard has not had a material effect on ReNEW. ReNEW's tax return for the years ended June 30,201 land 2010 remains open and is subject to examination by taxmg authorities. ReNEW^s 2012 tax retum has not been filed as of the report date and is on a valid extension

Reclassifications

Certain accounts in the 2011 fmancial statements have been reclassified to conform to the current year presentation.

2. Grants Receivable

Grants receivable as of June 30 are as follows:

2012 2011 Due from federal govemment S 1,101,645 S 307,085 Due from foundations 152,839 Due from State of Louisiana 72,038 12,380

$ 1,326,522 $ 319,465

Property and Equipment

A summao' of property and equipment at June 30 is as follows:

2012 2011

Fumiture and equipment Leasehold improvements

Less accumulated depreciation Total property and equipment, net

$

$

803,276 131,820 935.096 (407,096)

528,000

$

$

514,469 115,089 629,558 (152,182)

477,376

7-



4. Temporarilv Restricted Net Assets

A summary of the composition of temporarily restricted net assets at June 30 is as follows

Entergy (Corporation

Libby DuFour Foundation Wilmson & Jeansonne, LLC State Farm Booth-Brtcker Fund Individual donor Veolia Water North America

Walton Family Foundation Walton Family Foundation Walton Family Foundation Walton Family Foundation Walton Family Foundation Walton Famil> Foundation Walton Family Foundation

Capital Leases Pavable

2012 $ 10,000

M

2,500 21,554

7,085 1,000

10,000

-------

$ 52,139

2011 S 10,000

122 --m

» 10,000

204,441 4,625

30,000 5,000

140,000 30,000

155,394 $ 589,582

Restriction Second Harvest Backpack Program Bathroom renovations Sports Various Incubation leaders Sports Second Harvest Backpack Program Technology Student data system Security cameras Student uniforms Cunriculum Recmihnent Administrative staff

In July 2010, ReNEW entered into two capital lease arrangements to finance the purchase of copiers. The copiers had a cost of $97,154 and accumulated depreciation of $48,577 at Jime 30,2012.

Future minimum lease payments under capital leases as of June 30, 2012 arc as follows:

Year Ending June 30 Amount

2013 2014 Total minimum lease payments

Less, amount representing interest Present value of future mmimum lease payments

Less: current portion Long-term portion ofcapital leases

$ 26,921 26,921 53,842 2,686

51,156 23,644

S 27,512

RENEW- REINVENTING EDUCATION


6. Note Payahle

On July 7, 2010, ReNEW entered into a promissory note to borrow $300,000 from Building Hope, a Charter School Facilities Fund The note bears interest at 4% and had a matunty date of July 27,2011. Interest only payments were required on a monthly basis starting September 1,2010. The loan is secured by funds disbursed to ReNEW by the State of Louisiana Department of Education pursuant to its grant award for the public charter school federal program under its grant award notification to ReNEW dated October 15,2009. The loan balance of $300,000 was outstanding at June 30,2011

In August 2011, ReNEW paid $100,000 on the 8300,000 note payable with Building Hope On September 1,2011, ReNEW entered into a new promissory note with Building Hope for the remaining balance of $200,000. The note had an Interest rate of 4% and a matunty date of February 12, 2012. Interest only pa>7nents continued to be required on a monthly basis. ReNEW paid m full the remaining balance by February 12,2012

7, Functtonal Allocation of Expenses

Expenses have been reported in the statements of activities by natural classification. ReNEW presents functional classifications of expenses charged to program services. Instmctional programs represent management's estimate of expenses that can be directly allocated to supporting classroom and teachmg activities and programs Supporting services include those expenses related to the administrative, technical (such as guidance and health), and logistical support to facilitate and enhance instmction. These services exist as adjuncts for Itilfilling the objectives of instmction, community services, and enterprise programs. Functional expenses for the year ended June 30,2012 are as follows:

Advertising Contract services Depreciation expense Facility, equipment, and maintenance Food service operations Instmctional materials Insurance Non-instructional materials Miscellaneous Telephone, postage, access, and printing Salaries and benefits State and local MFP fee Student transportation Technology-Travel and staff development

Total expenses

Program Services

$ 76,119 1,237,936

255,231 955,678 123,282

1,821,346 25,208

124,116 5,657

253,529 16,586,882

339,646 2,260,846

266,858 104,033

$ 24.436.367

Management and General

$ 4,560 21,054

----

151,192 59,746 5,513 3.184

855.979 ---

18,150 .$ 1.119,378

Total

$ 80,679 1,258,990

255,231 955,678 123,282

1,821,346 176.400 183,862 11,170

256,713 17,442,861

339,646 2,260,846

266.858 122,183

$ 25.555.745

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7, Functional Allocation of Expenses fcontlnued)

Functional expenses for the year ended June 30,2011 are as follows:

Program Services

$ 26,756 863,267 152,182 795,463 125,461 886,631

-85,888 52,477

223.775 9.237,829

194,784 1,386,852

149.730 120.912

$ 14.302.007

Management and General

$ 146,688

----

47,220 8,859

13,997 8,942

632,794 ---

15.779 $ 874.279

Total

$ 26.756 1,009,955

152,182 795.463 125,461 886,631 47^20 94.747 66.474

232,717 9,870.623

194.784 1.386,852

149,730 136,691

$ 15.176.286

Advertising Contract services E>epreciation expense Facility, equipment, and maintenance Food service operations Instructional materials Insurance Miscellaneous Non-instmctional materials Telephone, postage, access, and printing Salanes and benefits State and local MFP fee Student transportation Technology Travel and staff development

Total expenses

8. Credit Risk Concentration

ReNEW deposits its cash and cash equivalents with financial institutions in the greater New Orleans area Non-interest l>earing cash accounts at each financial institution are fully insured by the Federal Deposit Insurance Corporation. As of June 30, 2012 and 2011, all ReNEW's deposits are non-interest bearing; therefore, they were fully insured.

9. Retirement System

In July 2010, employees of SciTech Academy were enrolled to be members of the Teachers' Retirement System of Louisiana and in July 2011, employees of Reed Elementary were also enrolled to be members of the s>stem. This system is a cost-sharing multiple-employer defi ned benefit pension plan administered by a separate board of tmstees. Pertment information relative to the plan follows In August 2011. The Board of Elementary and Secondary Education approved SciTech Academy to withdraw from the Teachers' Retirement System of Louisiana

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9. Retirement System (continued)

Teachers* Retirement System of Louisiana (TRSL)

Plan description - The TRSL consists of three membership plans* Regular Plan, Plan A, and Plan B The TRSL provides retirement benefits as well as disability and survivor benefits. Ten years of service credit is required to become vested for retirement benefits and five years to become vested for disability and survivor benefits Benefits are established and amended by state statute The TRSL issues a publicly available financiai report that includes financial statements and required supplementaiy information for the TRSL. That report may be obtained by writmg to the Teachers' Retirement System of Louisiana, Post Office Box 94123, Baton Rouge, Louisiana 70804-9123, or by calling (225) 925-6446

Funding policy - Plan members are required to contribute 8.0 percent, 9.1 percent, and 5.0 percent of their annual covered salary for the Regular Plan, Flan A. and Plan B. respectively. ReNEW is required to contribute at an actuanally determined rate. The employer contribution rates were 20.2 percent of annual covered payroll for all three membership plans through May 2012 As of June 2012, the employer contribution rate mcreased to 23.7 percent. Member contributions and employer contributions for the TRSL are established by state law and rates are established by the EHibhc Retirement Systems' Actuarial Comminee. ReNEW's employer contribution to the TRSL> as provided by state law, is funded by the State of Louisiana through annual appropriations, by deductions from local ad valorem taxes, and by remittances from ReNEW. ReNEW's contributions to the TRSL for the years ended June 30.2012 and 2011 were $947,044 and $609,032. respectively, which is equal to the required contributions for each year

10. Defined Contribution Plan

ReNEW has a 401(k) plan that was adopted in July 2010. Full-time employees not enrolled m the Teachers' Retirement System of Louisiana have the option of enrolling in ReNEW's sponsored 401(k). All employees 18 years of age and older are eligible to participate In the Plan after completing one hour of service in a twelve month period. Under the terms of the Plan, ReNEW matches employee contributions up to 4% of employee compensation For the years ended June 30, 2012 and 2011, ReNEW made $143,374 and $39,352, respectively, tn employer matching contributions to the plan

IL School Fronerttcs

On July 1,2010, ReNEW entered into two lease agreements with the Recoveiy School District (RSD). which allows ReNEW to use the facihties and its contents located at 3128 Constance Street and 820 Jackson Avenue, or any other locations that may be approved by ReNEW and the Board. ReNEW began operating Batiste Cultural Arts Academy and SciTech Academy charter schools from these ^ilities The initial lease term is for three years and terminates on June 30, 2013. The lease agreement may be extended for an additional two years terminating on June 30,2015 in the event the Louisiana Board of Elementary and Secondar>* Education extends the Charter conu-act for an additional two years. The RSD has forgone the payment of rent for the first ftvo years of the lease agreement. The RSD has the nght to charge rent m subsequent years of the agreement. During the years ended June 30,2012 and 2011, no rent was charged to ReNEW by the RSD.

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IL School Properties (continued)

On July 1,2011, ReNEW entered into three lease agreements with the Recovery School District (RSD), which allows ReNEW to use facilities and its contents located at 2426 Esplanade Avenue, 709 Park Boulevard, and 5552 Read Boulevard, or any other locations that may be approved by ReNEW and the Board. ReNEW began operating ReNEW Accelerated High School U\ - City Park Campus, ReNEW Accelerated High School ^2 - Westbank Campus, and Reed Elementary Charter School from the facilities in August 2011 The initial lease term is for three years and terminates on June 30, 2014. The lease agreement may be extended for an addnional two years terminating on June 30,2016 in the event the Louisiana Board of Elementary and Secondary Education extends the Charter contract for an additional two years. The RSD has forgone the pa>inent of rent for the first year of each of these lease agreements The RSD has the right to charge rent in subsequent years of the agreements During the year ended June 30,2012, no rent was charged to ReNEW by the RSD.

Use of the property, including fixtures, lumiture and equipment provided by the RSD is not recorded as an in-kind contribution ReNEW is responsible for all necessary maintenance to ensure that the ^ ih t i e s comply wtth all state and local health and safety standards and other applicable laws, regulations and mles.

12. Contingencies

Grant Programs

RcNEW participates in a number of state and federal grant programs, which are governed by vanous mles and regulations. Costs charged to the respective grant programs are subject to audit and adj ustment by the grantor agencies; therefore, to the extent that ReNEW has not complied with the mles and regulations goveming the grants, refunds of any money received and the collectability of any related receivable as of June 30,2012 might be impaired. In managements opinion, there are no significant contingent liabilities relating to compliance with the mles and regulations goveming state and federal grants; therefore, no provision has been recorded in the accompanying fmancial statements for such contingencies Audits of prior years have not resulted in any significant disallowed costs or refunds. Any costs that would be disallowed would be recognized in the period agreed upon by the grantor agency and ReNEW

Dispute with Vendor

At June 30,2012, ReNEW is in dispute with a vendor regarding services provided and amounts owed to the vendor. ReNEW and the vendor have agreed to mediation in an anempt to resolve the dispute. At June 30,2012, included in accounts payable and accrued expenses is $437,000 relating to this vendor The acUial amounts owed by ReNEW to the vendor as determined in mediation could be different from the estimated amounts recorded by ReNEW

12

R E N E W - REINVENTING EDUCATION


13. Economic Dependency

ReNEW recerves the majority' of its revenue from the State of Louisiana Minimum Foundation Program Funding and from various federal grants passed through the State of Louisiana. The grant amounts are appropriated each year by the federal and state govemments. If significant budget cuts are made at Ihe federal and/ or state level, the amount of funds ReKEW receives could be reduced significantly and have an adverse impact on its operations Management is not aware of any actions that will significantly affect the amount of funds ReNEW will receive in fiscal year 2012 relating to its grant awards.

14. Subsequent Events

Management has evaluated subsequent events through the date that the financial statements were available to be Issued, December 31.2012, and determined that the following items require disclosure

On October 31. 2012, ReNEW received conditional approval for an unsecured Ime of credit in the amount of $500,000 with an interest rate 6 25% The conditional approval is based on ReNEW movmg all of its deposit relationship over to the bank offering the line of credit. As of the date of this report, ReNEW is in the process of building a deposit relationship with the new bank.

In December 2012, the Louisiana Department ofEducation approved an additional charter for ReNEW for an elementary school beginning with the 2013-2014 school year.

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SINGLE AUDIT REPORTS

JUNE 30.2012

| J 9 l A I Postlethwaite MSSMM & Netterville

A Pr«(euionat Accounting Coiporat ion

w.vwpncfw r.om


SINGLE ALDIT REPORTS

JL7flE30.2012

RENEW - REIMTNTING EDUCATION NEW ORLEANS. LOUISUNA

TABLE OF CONTENTS

JUNE 30,2012

Page

Report on Intemal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed m Accordance with Govemment A uditmg Standards I

Report on Compliance with Requirements That Could Have a Direct and Material Effect on Each Major Program and on Intemal Control over Compliance in Accordance with OMB Circular A-133 3

Schedule of Expenditures of Federal Awards 5

Notes to Schedule of Expenditures of Federal Awards 5

Schedule of Findings and Questioned Costs 7

Summary Schedule of Prior Audit Fmdings and Questioned Costs 9

( i 9 l | l l Postlethwaite ^^Sa^ & Netterville

4 Prnl^ni-Mv. Ac<-o<int n;j Crrf-oicli-in iiTi iMT Dlh::!i r Prirwir-ol C i P* d 'Kj* h '.m Su-in*

Wtf/w pncpa con

REPORT ON EXTERNAL CONTROL OVER FINANCUL REPORTEVG AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN ALT)IT OF

FLNANCLVL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT A UDITING STANDARDS

To the Board of Trustees, ReNEW - Reinventing Education

We have audited tbe financial statements of ReNEW - Reinventing Education (ReKEW) as of and for the year ended June 30, 2012, and have issued our report thereon dated December 31, 2012. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standard^ issued by the Comptroller General of the United States

Intemal Control Over Financial Reportmg

Management of ReNEW is responsible for estabhshmg and maintainmg effective intemal control over fmancial reporting, in planning and performmg our audit, we considered ReNEW*s intemal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opmion on Ae financial statements, but not for the purpose of expressing an opinion on the effectiveness of ReNEW's intemal control over financial reporting Accordingly, we do not express an opinion on the effectiveness of ReN£W *s intemal control over financial reporting.

A deficiency in intemal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis A material weakness is a deficiency, or a combmation of deficiencies, in intemal control such that there is a reasonable possibility that a material misstatement of the cntit>''s fmancial statements will not be prevented, or detected and corrected on a timely basis

Our consideration of intemal control over financial reporting was for the lunited purpose described m the first paragraph of this section and was not designed to identify all deficiencies in mtemal control over fmancial reporting that might be deficiencies, significant deficiencies, or material weaknesses. We did not identify any deficiencies in mtemal control over financiai reportmg that we consider to be matenal weaknesses, as defmed above

- l -

10th Rooi-Energy Cerifc • HOC Poycias Street • New Orleans, b^ 7016J -JC00 • Tel b04 5b9 29";8

One Gsllens Blvd , Suite 2100 • Metaine, LA 70001 • Tel 504 BJ7 5S90 • F3>c 5C4 e3'» J6C9

Compjiance and Other Matters

As part of obtaining reasonable assurance about whether ReNEW's financiai statements are free of matenal misstatement, we performed tests of its compliance with certain provisions of laws, regulanons, contracts, and grant agreements, noncompliance with which could have a du^t and matenal effect on the determination of financial statement amounts However, providing an opimon on compliance with those provisions was not an objective of our audit, and accordmgly, we do not express such an opimon. The results of our tests disclosed no mstances of noncompliance or other matters that are required to be reported under Govemment Auditmg Standards

This report is intended solely for the infonnation and use of the Board of Tmstees, management, and the LegisJatrve Auditor's Office, and is not intended to be and should not be used by anyone other than these specified parties. However, under Louisiana Revised Statute 24:513, this report is distributed by the Legislative Auditor as a public document.

h New Orleans, Louisiana December 31,2012

- 2 -

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u a i ^ l Postlethwaite ^«3J1M ^ Netterville

w\\*v/ pnrpo corr

REPORT ON COMPLUNCE W ITH REOLTREMENTS THAT COULD HAVE A DIRECT AND MATERIAL EFFECT ON EACH

MAJOR PROGRAM AND ON INTERNAL CONTROL OMER COMPUANCE IN ACCORDANCE WITH OMB CIRCULAR A-133

To the Board of Trustees, ReNEW - Reinventing Education

Compliance

We have audited the compliance of ReKEW - Reinventing Education (ReNEW) (a nonprofit organization) with the tyipcs of compliance requirements described in the OMB Circular A'I33 Compliance Supplement diat could have a direct and materia] effect on each of ReNEW's major federal programs for the year ended Jime 30,2012. ReNEW's major federal programs are idenufied m the summary of auditor's results section of the accompanying schedule of findmgs and questioned costs. Compliance with the requirements of laws, regulations, contracts, and grants applicable to each of its major federal programs is the responsibilit>' of ReNEW's managemenL Our responsibility is to express an opinion on ReNEW's compliance based on our audit

We conducted our audit ofcompliance in accordance with auditing standards generally accepted m the Umted States of America, the standards applicable to financial audits contained in Government Auditing Standards^ issued by the Comptroller General of the Umted Stales; and OMB Cucular A-133, Audits ofStateSt Local Governments, and Non-Profit Organizations, Those standards and OMB Circular A-133 require diat we plan and perform tbe audit to obtain reasonable assurance about whedier noncompliance with the t>pes ofcompliance requirements referred to above that could have a direct and matenal effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about ReNEW's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Our audit does not provide a legal detenmmation of ReNEW's compliance with those requirements.

In our opinion, ReNEW complied, in all matenal respects, with the compliance requirements referred to abo\'e that could have a direct and material effect on each of its major federal programs for the year ended June 30,2012.

Intemal Control Over Compliance

Management of ReNEW is responsible for establishmg and maintaining effective intemal control over compliance with tbe reqiurements of lav^, regulations, contracts, and grants applicable to federal programs. In plaiming and perfomiing our audit, we considered ReNEW's intemal control over compliance with the requu'ements that could have a direct and material effect on a major federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance, but not for the purpose of expressmg an opmion on the effectiveness of intemal connY>l

^Oi'r. Floor - Eoergy Centre • 1100 PovdfoS Street • New Orleans, L/\ 70163-3^00 • Tel b^A 569 2978

O-ie Ga If'r a Blvd, Sf.tte 2J0O • Mersinc, W 700-31 • 7ci 50^ 837 59i O • Fa>. 504 83^ 3609

over compliance Accordingly, we do not express an opinion on the effectiveness of ReNEW's intemal control over compliance.

A deficiency in mtemal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of perfomiing their assigned functions, to pre 'ent, or detect and correct, noncompliance wtth a type of compliance requirement of a federal program on a timely basis. A materia! weakness in intemal control over compliance is a deficiency*, or combmation of deficiencies, in intemal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be pre\'cnted, or detected and corrected, on a timely basis.

Our consideration of intemal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in intemal control over compliance that might be deficiencies, significant deficiencies, or matenal weaknesses. We did not identify any deficiencies in mtemal control over compliance that we consider to be material weaknesses, as defined above.

Schedule of Expenditures of Federal Awards

We have audited the fmancial statements of RcNEW as of and for the year ended June 30, 2012, and have issued our report thereon dated December 31,2012, which contained an unquahfied opinion on those financial statements. Our audit was conducted for the purpose of forming an opmion on the financial statements as a whole. The accompanying schedule of expenditures of federal awards is presented for the purposes of additionai analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of States, Local Govemments, and Non-Profit Organizations^ and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The infonnation has been subjected to the auditing procedures applied m the audit of the financial statements and certain additional procedures, including companng and reconciling such infomiation directly to the underlying accoimting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures In accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairiy stated in all material respects in relation to the financial statements as a whole.

The purpose of this report is solely to descnbe the scope of our testing of compliance with the t>'pes of conapliance requirements applicable to each of ReNEW's major programs and our testing of intemal control over compliance and the results of our testing, and to provide an opinion on ReNEW's comphance but not to provide an opinion on the effectiveness of ReNEW 's intemal control over compliance. This report is an integral part of an audit performed in accordance with Govemment Auditing Standards in considering ReNEW's comphance with requu'ements applicable to each major program and its mtemal control over compliance. Accordmgly, this report is not suitable for any other purpose.

New Orleans, Louisiana I>ecember31,2012

P&N

RENEW - REINVENTING EDUCAHON NEW ORLEANS. LOUISIANA

SCHEDLXE OF EXPENDTTURES OF FEDERAL AWARDS FOR THE YEAR ENDED JUNE 30.2012

Federal Grantor/ Pass Through Grantor/ Program Title

U.S. Department ofEducation

Passed through the Louisiana Department ofEducation

Speciai Education - Grants to States Special Education - Preschool Grants

Special Education Cluster

Public Charter School Grant

Tide I Grants to Local Education Agencies

School Improvement Grants School Improvement Grants - ARRA

School Improvement Cluster

Tide n. Part A, Teacher and Principal Traning and Recruitmg

Educational Jobs Fund March Supplemental Allocation - ARRA

Temporary Assistance for Needy Families

Teacher Incentive Fund

CFDA Federal Number Expenditures

84.010A

84.377A S4.3S8A

M.367A

84.410A

93.558

84.374A

84.027A 84.173 A

S4.282A

S 599,981 8,049

608,030

899,416

1,637,515

1,519.474 1,402,114

2,921,588

330,241

3,774

430,374

157,859

Total Federal Assistance Expended $ 6,988,797

RENEW - RELNMENTING EDUCATION NEW ORLEANS. LOLTSIANA

SCHEDULE OF EXPENPITM^S OF FEDERAL A W.ARDS FOR THE YEAR ENDED JLfNE 30,2012

(1) General

The accompanying Schedule of Expenditures of Federal Awards presents the activity of the federal awards of ReNEW - Remventing Education (ReNEW). ReNEW's reporting entity is defined in Note 1 to the financial statements for the year ended June 30, 2012 All federal awards received from federal agencies are included on die schedule.

(2) Basis of Accounting

The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is descnbed m Note I to ReNEW's financiai statements for the year ended June 30,2012

(3) jRelationsfaip to Basic FInandaLStatements

Federal awards are included in the statement of activities and changes in net assets as federal government revenue.

-6

RENEW - REim^ENTING EDUCATION NEW ORLEANS. LOLlSLiNA

SCHEDLT:J : O F F I N D I N G S AND O U E S T I O N E D C O S T S

F O R T H E Y E A R E N D E D J U N E 3 0 . 2 0 1 2

Section I - Summary of Auditor^s Results

Financial Statements

Type of auditor's report issued*

Intemal control over fmancial reportmg:

• Matenal weakness(es) identified:

• Sigmficant deficiency(ies) identified

Noncompliance material to the fmancial statements noted:

Federal Awards

Intemal control over major programs* • Material weakness(es) identified: • Significant deficiencvties) identified:

Type of auditor's report issued on compliance for major programs:

Any audit findings disclosed that are required to be reported in accordance with Section 510(a) of OMB Cu^ular A-133

Identification of major programs.

U.S. Department ofEducation. Special Education Cluster

Special Education - Grants to States Special Education - Preschool Grants

Pubhc Charter School Grant Tide I Grants to Local Education Agencies School Improvement Grants Cluster

School Improvement Grants School hnprovement Grants, Recovery Act

Titie n Improving Teacher Quality State Grants Temporary Assistance for Needy Families

Dollar threshold used to distinguish between type A and t>pe B programs

Auditee qualified as a low nsk auditee:

unqualified

no no

no

no no

unqualified

84.027A 84.173A 84.282A 84.0I0A

84.377A 84.388A 84.367 84.588

$300,000

ves

- 7 -

RENTW - REIN'VENTING EDUCATION NEW ORLEANS. LOUISUNA

SCHEDULE OF FITTINGS AND OUESTIONED COSTS FOR THE YEAR ENDED JL^NE 30.2012

Section n - Findings relating to the financia! statements reported in accordance with Government A udkins Standards

None

Section i n - Findings and Ouestioned Costs Related to Federal Awards

None

-8

RENEW -REINVENTING EDUCATION NEW ORLEANS. LOinSIANA

SUMMARY SCHEDULE OF PRIOR ALDTT FINDINGS AND OUESTIONED COSTS FOR THE YE.\R ENDED JUNE 30.2012

2011-01 Balance Sheet Account Reconciliations

Recommendation ReNEW should implement a policy in which all sigmficant balance sheet accounts mcluding all cash accounts^ account receivable, prepaid expenses, accounts pa>'able, and other liabilities are reconciled on a monthly basis and reviewed for agreement to the general ledger. The review should be performed in a timely maimer and be documented

Current Status Resohed

2011-02 Segregation of duties over payroll processing

Recommendation ReNEW should unplement proper segregation of duties over the payroll process. Management ^ould implement appropnate preventive or detective controls over the payroll process, including timely review of the payroll register by a member of the executive management team. This review should be documented.

Current Status: Resolved.

2011-03 Authorization for employee salaries

Recommendation. ReNEW should include appropriate documentation for approval for authonzed salary amounts or changes m rate of pay in each employee's personnel file.

Current Status- Resolved.

2011-04 Disbursement control testing exceptlops

Recommendation: ReNEW should ensure that supporting documentation is in agreement with the disbursement amount and that transactions are properly approved and documented m accordance with ReNEW's approved disbursement policies.

CiffTgnf Status Resolved

2011-05 Payroll iai compliance

Recommendation ReNEW should ensure that they are in compliance with federal and state payroll compliance requirements and implement procedures and controls to ensure compliance. The required tax filings with the state and federal govemment should be completed and remitted in a tunely manner.

Current Status- Resolved.

9 -

RENEW - RELNVTNTING EDUCATION NEW ORLE.4NS. LOLTSL4NA

SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS AND OUESTIONED COSTS FOR THE YEAR ENDED JUNE 30.2012

2011-06 Allowable Costs- Authorization for employee salaries and review of time coding

Pubtic Charter School Pit>gram CFDAM 84.282A Special Education - Grants to Schools CFDA^ 84.027A Special Education - Preschool Grants CFDA# 84.173A Title I CFDAi $4.010A School Improvement CFDA^ 84J77A

Recommendation • ReNEW should mclude appropriate documentation for approval for authorized salary amounts or changes In rate of pay in each employee's personnel file.

Current Status. Resolved

2011-07 Reporting- Reimbprsement Requests

Special Education - Grants to Schools CFDAU 84.027A Special Education - Preschool GranU CFDAM S4.173A TitleICFDA#84.010A School Improvement CFDA# 84J77A

Recommendation: ReNEW should develop policies and procedures to adequately ascertain that information related to the grant reimbursement request is accurate and complete.

Current Status Resolved.

10


PERFORMANCE AND STATISTICAL DATA

FOR THE YEAR ENDED JUNE 30.2012

l i S A I Postlethwaite M^SM & Netterville

A ProFeuional Accounting Corporoiion

vAWii pncpa com

RENEW - REINVENTING EDUCATION NEW ORLEANS> LOUISIANA

PERFORMANCE AND STATISTICAL DATA SCHEDULES

FOR THE YEAR ENDED JUNE 30.2012

• i 9 j | l i Postlethwaite T iMKi ^ Netterville

ws'rtv pi CL»a com

Independent Accouptants' Report On Apnh'ing Agreed-Upon Procedures

To the Board of Du-ectors ReNEW - Remventing Education New Orleans, Louisiana.

We have performed the procedures included m the Loutsiana Govemmental Audit Guide and enumerated below, which were agreed to by the management of ReNEW - Reinventing Education (ReNEW) and the Legislature Auditor, State of Louisiana, solely to assist users in ev^uating management's assertions about the performance and statistical data accompanying the annual financial statements of ReNEW and to determine whether the specified schedules are fi^ of obvious errors and omissions as provided by the Board of Elementary and Secondary Education (BESE) Bulletin as related to the limited procediues performed herein. This agreed-upon procedures engagement was performed in accordance with standards established by the American Institute of Certified Public Accountants. The sufficiency of these procedures is solely the responsibility of the specified users of the report. Consequently, we make no representation regarding the sufHciency of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

Our procedures and findings relate to the accompanying schedules of supplemental information and are as follows

General Fund Instructional and Support Expenditures and Certain Local Revenue Sources ^Schedule I)

I. We selected a random sample of 40 transactions and reviewed supporting documentation to determine if the sampled expenditures/revenues are classified correctly and are reported in the proper amounts for each of the following amounts reported on the schedule*

• Total Genera] Fund Instructional Expenditures, • Total General Fund Equipment Expenditures, • Total Local Taxation Revenue, and • Total State Revenue in Lieu of Taxes.

We noted no exceptions.

30th Floor - Energy Centre • 1100 Poydras Stree- • NS'A Orleans, LA 70163-3000 • let 504 569 29/8

One Gal-ena eivc. Sure 2100 • Meiair:e, U^ 7C001 • Te; 5048375990 • Fax 5048343609

Education Levels of Public School Staff {Scliedule 2>

2. Wc reconciled the total number of fiill-time classroom teachers per the schedule **Experience of Public Pnncipals and Full-time Classroom Teachers" (Schedule 4) to the combined total number of full-time classroom teachers per this schedule and to ReNEW supporting payroll records as ofOctober 1*'.


3. We reconciled the combmed total of principals and assistant principals per the schedule "Experience of Public Principals and Full-time Classroom Teachers" (Schedule 4) to the combmed total of prmcipals and assistant principals per this schedule.


4 We obtained a list of fiill-time teachers, principals, and assistant principals by classification as ofOctober 1" and as reported on the schedule. We traced a random sample of 25 teachers to the individuaPs persoimel file and determine if the individuars education level was properly classified on the schedule.


Number and Tvue of Pubhc Schools (Schedule 3)

5. We obtained a list of schools by type as reported on the schedule. We compared the list to the schools and grade levels as reported on the Title 1 Grants to Local Educational Agencies (CFDA 84.010) application and/or the National School Lunch Program (CFDA 10.555) application.


Experience of Public Sclwol Principals and Full-time Classroom Teachers (Schedule 4)

6. We obtained a list of fiill-time teachers, principals, and assistant principals by classification as of October 1 and as reported on the schedule and traced the same sample used in procedure 4 to the individual's personnel file and determined if the mdividual*s experience was properly classified on the schedule.


Public School Staff Data (Schedule 5)

7 We obtamed a list of all classroom teachers includmg their base salary, exo^ compensation, and ROTC or rehired retiree status as well as fiill-time equivalent as reported on the schedule and traced a random sample of 25 teachers to the individual's personnel file and determmed if the individuars salary, extra compensation, and fiill-time equivalents were properly mcluded on the schedule.


P&N

8. We recalculated the average salanes and full-time equivalents reported in the schedule.


Class Size Characteristics (Schedule 6)

9. We obtained a list of classes by school, school type, and class size as reported on the schedule and reconciled school type classifications to Schedule 3 data, as obtamed m procedure 5. We then n'aced a random sample of 10 classes to the October 1" roll books for those classes and determined if the class was properly classified on the schedule.


Louisiana Educational Assessment Program (LEAP) for the 21** Century (Schedule 7)

10. We obtained test scores as provided by the testmg authonty and reconciled scones as reported by the testmg authonty to scores reported in the schedule by ReNEW.


The Graduation Exit Exam for the 21^ Century (Schedule 8)

11. We obtained test scores as provided by the testmg authonty and reconciled scores as reported by the testing authonty to scores reported in the schedule by ReNEW.


The Iowa Tests (Schedule 9)

12. We obtamed test scores as provided by the testing authority and reconciled scores as reported by the testing authority to scores reported in the schedule by ReNEW,


We were not engaged to, and did not, perform an examination, the objective of which would be the expression of an opinion on management's assertions. Accordingly, we do not express such an opimon. Had we performed additionai procedures, other matters might have come to om* attennon that would have been reported to you

Tins report is mtended solely for the use of management of the ReNEW, the Louisiana Department of Education, the Louisiana Legislature, and the Legislative Auditor, State of Louisiana, and should not be used by those who have not agreed to the procedures and taken responsibility for the sufficiency of the procedures for their purposes Under Louisiana Revised Statute 24.513, this report is distnbuted by the Legislative Auditor as a public document.

pnM^^AJiM^ New Orleans, Louisiana December 31,2012

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RKNEW - IU:iNVENTINt; LDLCA110N CR\F.RAI. FUND INSTRIICTIONAI. AND SUPPORT KXPFNDITIIRKS

AND CERTAIN LOCAL REVENUE SOl'RCES .IIJLY 1,2011 - JUNK 30,2012

SCi lEDlLEI

General Fnnd Inslniclionaland Equlpmtnt Expenditures

General Fund Instructional Expctidilurcs Teacher and Student Intcracitoii Activities

Classroom Teacher Salaries Other [nsinicuonol Staff Actmiics Employee Benefits Purchased Frolcssional and lechnical Services Instrucuonal Mataials and Supplies Less Insintcitonal Equipment Total Teacher and SuidenI Inleraclion Adivibes

Other Instructional Activities

6,818.157 2,012.739 1,856,310

9»4,0<lb 1.724,716

(68.302) 13.327.666

84.054

Pupil Suppon Activities Less; Equipment for PupU Support Activiues

Net Pupil Suppon Activities

Instmctional Suiff Ser 'ices Less, nquiproent for instructional stafrscr\'ices

Kct Instrucuonal Stan* Services

School Adnunistration Less Equipment for School Administrauon Ket School Administration

Tclal General Fund InstnicUonal Expenditures

ToUil General Fund Equipment Expenditures

Certain Local Revcnac Sources Local Tnxauon Revenue

C^mtituuonal Ad Valorem Taxes Renewable Ad Valorem Tax Debt Service Ad Valorem Tax Up to IV* of Collections by the Sheriff on Taxes Sales and Use Tax

Total Local Taxauon Revenue

Stale Revenue in Lieu of Taxes Revenue Shanng - Consututional Tax Rcvcmie Shanng - Other Taxes Revenue Shanng - Excess Portion Otha Kcvenuo m Uew of Taxes

Total State Revenue m Lieu of Taxes

Nonpublic Textbook Revenue

Nonpublic Tninsportaucn Revenue

569,615

572.606

13,411,720

569.615

5 8.411,936 (216,087)

S

s

s

s

572,606

8,195,849

22.749.790

(284.38j)^

Prepared hy RcNen - Rcinvenlmg FUlucation

Schedule 2: Education Level of Public Principals^ Assbtanf Principals, and FuU-Time Classroom Teachers As of October 1,2011

Category

Less than a Bachelor's Degree

Bachelor's Degree

Master's Degree

Master's Degree +30

Specialist m Education

Ph O or Ed 1)

Total

Full-time Classroom Teachers

Certificated

Number

-

102

19

2

-

-

123

Percent

0%

83%

15%

2%

0%

{r»/o

100%

UncertHieated

Number

.

28

6 .

-

•

34

Percent

0%

82%

18%

Wi

0%

0»/o

100%

Principals and Auislunt Principals

CeHificated

Number

-

9

7

.

-

3

19

Percent

0%

47%

37%

0%

0%

16%

100%

Uncertincated

Number

-

2

I

.

-

-

3

Percent

0%

67%

33%

0%

0%

0%

100%

Prepared by KeNew - Reinventing Education

Schedule 3: Number and Type of PubUc Schools For the Year Ended June 30« 2012

Type Elementary

Middle/Jr High

Secondary

Combmation

Total

2012

Number

0

0

2

3

5

Note: Schools opened or closed during the fiscal year are included in this schedule.

Prepared by ReNew - Reinventing Education

Schedule 4: Experience of Public Prmcipals, Assistant Principals, and Full-Time Classroom Teachers As of October 1,2011

Assistant Prmcipals

Principals

Clas-iroom Teachers

Total

0-1 Yr

-

-

390

39.0

2-3 Yrs

2.0

-

47 0

49 0

4-10 Yrs.

6 0

100

39 0

55 0

11-14 Yrs

-

10

110

12 0

15-19 Yrs

-

1 0

8.0

9.0

20-24 Yis

10

-

7 0

8.0

25+Yr3

-

10

6 0

7 0

Total

9 0

13 0

157 0

179 0

Prepared by RcNcw - Reinventing Education

Schedule 5: Pnbhc School Staff Data For the Year Ended Jane 30,2012

2012

Average Clasbroom Teachers' Salary

Including Extra Compensation

Average Classroom Teacher's Salary

Excluding Exn3 Compensation

[Number of Teacher Full-nmc Equivalents (FTEs) used m

Computation of Average Sa/ancs

All Classroom ! Teachers

$46,682

$41,066

152

Classroom Teachers Excluding ROIC

And Rehirod Retirees

$46,682

$41,066

152

Note Figures reported mclude alt sources of funding (i.e federal, stale, and local) but exclude employee benefils Generally, retu^ teachers rehired to teach receive less compensation than non-rcnrcd teachers and ROTC teachers receive more compensation because of a federal supplement Therefore, these teachers are excluded from the computation in tbe last column. This schedule excludes day-to-day substitmes and temporary employees

Prepared by RcNcw - Reinventing Education

Schedule 6: Class Size Characteristics As ofOctober 1,2011

School Type 1 Elementary iFlementaiy Acnvtty Classes Middle/Junior Higli iMiddle/Junior High Activity Classes High iHigh Activity Cla.sses ICombination ICorabtnation Activity Classes 1 Total

Class Size Range | 1-20

Percent 0.00% 0.00% 0.00% 0.00%

41.92% 0.87%

57.21% 0.00%

100.00%

Number ----

96 2

131 -

229 0

21-26 Percent

0.00% 0.00% 0 00% 000% 7.91% 144%

90.65% 0 00%

100,00%

Number ----

1 2

126 -

139 00

27-33 Pereent

0 00% 0 00% 0 00% 0 00%

1167% 0 00%

88 33% 0 00%

100 00%

Number ----

7 . 53

-60.00

34+ 1 Percent

0 00% 0 00% 0 00% 0 00%

33.33% 0 00%

66.67% 0 00%

100 00%

Number

1 {

1 1

1

1 2

1 3 0o|

Note The Board of Elementary and Secondary Education has set specific limits on tbe maximum size of classes at varuHi<; grade levels Tlie maximum cnrollnicnl in grades K-3 is 26 students and ma3umiim enroltmem in grades 4-12 t» 33 .studcniit. Tlicsc hmiLs dii not apply to activity classes such as physical education, chorus, band, and other classes without maximum enrollmeni shimkirds rherefore, these cla.sscs are included only as separate lute items

Prepared by RcNcv' - Reinventing Education

Schedule 7: Louisiana Educational Assessment Program (LEAP 21) for the 21st Century For (he Year Ended June 30,2012

District Achicvmcnt Level Results

Students Grade 4 Advanced Mastery Basic Approaching Basic Unsatisfactory

Total

English Language Arts

2012 Number

2 ll

103 88 84

288

Percent

1% 4%

36% 31% 29%

100%

Mathematics

2012 Number

0 14 90 95 89

288

Percent

0% 5%

31% 33% 31%

100%

District Achievement Le 'el Results

Students Grade 4 Advanced Master>' Basic Approaching Basic Unsatisfactory

Total

Science

2012 Number

3 11 89

112 73

288

Percent

1% 4%

31% 39% 25%

100%

Social Studies

2012 Number

I 7

100 74

106 288

Percent

0% 2%

35% 26% 37%

100%

NOTE: Spring 2011 & 2012 LEAP 21 test data should be used to prepare this schedule.


(continued)

Schedule 7: Louisiana Educational Assessment Program (LEAP 21) for the 2l5t Century For the Year Ended June 30,2012, Continued

District Achievment Level Results

Students Grades Advanced Master>-Basic Approaching Basic

Unsatisfactory' Total

English Language Arts

2012 Number

1 19 88

100 61

269

Percent

0% 7%

33% 37% 23%

100%

IMathematics

2012 Number

1 4

95 71 97

268

Percent

0% 1%

35% 26% 36%

100%

District Achievement Level Results

Students Grade 8 Advanced Mastery Basic Approaching Basic Unsatisfactory

Total

Science

201 Number

2 8

66 90 92

258

2 Percent

1% 3%

26% 35% 36%

100%

Social Studies

2012 Number

0 7

79 64

108 258

Percent

0% 3%

31% 25% 42%

100%

NOTE Spring 2011 & 2012 LEAP 21 test data should be used to prepare this schedule


Schedules: The Graduation Exit Examination for the 21st Century (GEE21) Fur the Year Ended June 30,2012

District Achievment Level Results

Students Grade 10 Advanced Masteiy Basic Approaching Basic Unsatisfactory

Total

English Language Arts 2012

Number

0 0 5

10 21 36

Percent

0% 0%

14% 28% 58%

100%

Mathematics 2012

Number

0 0 7 4

30 41

Percent

0% 0%

17% 10% 73%

100%

District Achievement Level Results

Students Grade 10 Advanced Masteiy Basic Approaching Basic Unsatisfactory

Total

Science

2012 Number

0 0 I

16 30 47

Percent

0% 0% 2%

34% 64%

100%

Social Studies

2012 Number

0 0 6

ll 30 47

Percent

0% 0%

13% 23% 64%

100%

Prepared by ReNcw - Reinventing Education

Schedule 9. i LEAP Test Results

Dislnct Achievement

Level Results

Students

Grades

Advanced

Master>

Basic

Approachmg Basic

Unsatisfactorv

Total

EoKllsh Lansuajtc

2012

Number

1

19

56

SO

62

188

Percent

1 %

10%

30%

27%

33%

100%

Mathematics

2012

.Number

2

14

79

36

57

188

Pt ivcnt

1 %

7%

42%

19%

30%

100%

Science

2012

Number

0

23

61

63

38

185

Percent

0^»

12%

33%

34%

2 1 %

100%

Social Studies

2012

Number

i

24

63

49

48

185

Percent

1 %

13%

34%

26%

26%

100%

Distr ict Achievement

Level Results

Students

Grades

Adviinoed

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

Enelish LongasRC

2012

Number

1

9

76

29

33

148

PerccQl

1 %

6%

5 1 %

20%

22%

100%

Mathematics

2012

Number

3

10

60

33

42

148

Percent

2 %

7%

4 1 %

22%

28%

100%

Science

2012

Number

0

11

55

57

2S

148

Percent

0%

7%

37%

39%

17%

100%

Social Studies

2012

Number

2

20

64

40

22

148

Percent

1 %

14%

43%

27%

15%

100%

District Achievement

Level Rcsolts

Students

Grade 6

Advanced

Mastery

Basic

ApprOBchinjt Basic

Unsatisfactory

Tota l

English Language

2012

Number

1

6

70

82

32

191

Percent

1 %

3%

37%

43%

17%

100%

Malbcmnlics

2012

Number

1

11

lis 37

28

192

Percent

1 %

6%

60%

m;> 15%

100%

Science

2012

.Number

1

9

74

86

24

194

Percent

1 %

5%

38%

44%

12%

100%

Social Studies

2012

Number

1

10

70

71

41

193

Percent

1 %

5%

36%

37%

2 1 %

100%

Distnct Acbievemeni

Level Results

Students

Grade 7

Advanced

Mastery

Basic

Approaching Basic

Unsatisfactory

Total

EnKllsh LauRuage

2012

Number

0

IS

63

47

13

13S

Percent

0%

1 1 %

46%

34%

9%

100%

Mathematics

2012

Number

3

16

90

19

11

139

Percent

2%

12%

65%

14%

8%

100%

Science

2012

Number

0

IS

68

42

IS

140

Percent

0%

1 1 %

49%

30%

1 1 %

100%

SoclalStudles

2012

Number

1

14

60

28

17

140

Percent

1 %

10%

57%

2ifii>

12%

100%


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