The State of Public Education in New Orleans: School Finances

Transcript

1 The State of Public Education in New Orleans: School Finances March 2011

2 Table of Contents Executive Summary... 3 Introduction Multiple School Districts and Operators... 5 Orleans Parish School Board Recovery School District Charter Schools The Financial Landscape of Public Schools in New Orleans Pre- and Post-Katrina Public Education Spending Financial Data for the Two Districts.. 8 Orleans Parish School Board Finances... 9 Revenues and Expenditures Important Issues Recovery School District Finances Revenues and Expenditures Important Issues Charter School Finances Revenues Expenditures Balance Sheets Key Findings and Recommendations Appendices TheStateofPublicEducationinNewOrleans:SchoolFinances The Scott S. Cowen Institute for Public Education Initiatives at Tulane University Applied Research at the Cowen Institute

3 StateofPublic Education in New Orleans StateofPublicEducationinNewOrleans:School Finances Executive Summary TheStateofPublicEducationinNewOrlean s: SchoolFinances

4 Introduction State of Public Education in New Orleans TheStateofPublicEducationinNewOrleans:SchoolFinances Data Sources

5 Multiple School Districts and Operators Orleans Parish School Board TheStateofPublicEducationinNewOrleans:SchoolFinances

6 Recovery School District TheStateofPublicEducationinNewOrleans:SchoolFinances Charter Schools

7 The Financial Landscape of Public Schools in New Orleans Pre- and Post-Katrina Public Education Spending Reported Current Expenditures per Pupil for All OPSB and RSD Schools TheStateofPublicEducationinNewOrleans:SchoolFinances

8 TheStateofPublicEducationinNewOrleans:SchoolFinances Financial Data for the Two Districts except

9 Orleans Parish School Board Finances Revenues and Expenditures $16,000 $14,000 $12,000 OPSB General Fund Revenue per Pupil $14,179 $13,725 $12,509 $10,000 $8,000 $6,000 $4,000 $2,000 $ TheStateofPublicEducationinNewOrleans:SchoolFinances

10 $16,000 $14,000 $12,000 OPSB General Fund Expenditures per Pupil $14,128 $13,591 $ 12, $10,000 $8,000 $6,000 $4,000 $2,000 $0 TheStateofPublicEducationinNewOrleans:SchoolFinances

11 Important Issues TheStateofPublicEducationinNewOrleans:SchoolFinances CommunityDisasterLoan LegacyCostsandDebt

12 Recovery School District Finances Revenues and Expenditures $18,000 $16,000 $14,000 $12,000 RSD Operating Revenues per Pupil $16,514 $14,254 $12,519 $10,000 $8,000 $6,000 $4,000 $2,000 $ TheStateofPublicEducationinNewOrleans:SchoolFinances

13 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 RSD Operating Expenditures per Pupil $16,117 TheStateofPublicEducationinNewOrleans:SchoolFinances $13,161 $14,

14 Important Issues BudgetAmendments CutsinExpenditures TheStateofPublicEducationinNewOrleans:SchoolFinances StructuralLimitationsonCashManagement Charter School Finances

15 TheStateofPublicEducationinNewOrleans:SchoolFinances Charter School Revenues 10

16 Revenues per Pupil Charter Schools 90 th Percentile $12, th Percentile $11, th Percentile $11, th Percentile $10,350 th 10 Percentile $9,765 NonRecurringFederalFunds TheStateofPublicEducationinNewOrleans:SchoolFinances expenditures revenues PrivateContributions

17 Student Activity Fees Per Pupil ActivityFees Lusher Charter School $646 Ben Franklin Charter High School $829 Audubon Charter School $562 Warren Easton Charter School $1,086 Hynes Charter School $470 $0 $200 $400 $600 $800 $1,000 $1,200 Charter School Expenditures TheStateofPublicEducationinNewOrleans:SchoolFinances Expenditures Per Pupil Charter Schools 90 th Percentile $12, th Percentile $11, th Percentile $11, th Percentile $9,908 th 10 Percentile $9,019

18 Transportation Instructionalvs.NonInstructionalSpending TheStateofPublicEducationinNewOrleans:SchoolFinances

19 SurplusesandDeficits Surplus/Deficit 90 th Percentile $1, th Percentile $ th Percentile $32 25 th Percentile -$ th Percentile -$1,098 CharterSchoolBalanceSheets TheStateofPublicEducationinNewOrleans:SchoolFinances Cash Assets Per Pupil 90 th Percentile $4, th Percentile $2, th Percentile $1, th Percentile $722 th 10 Percentile $314

20 Liquidity Ratios 90 th Percentile th Percentile th Percentile th Percentile 0.7 th 10 Percentile 0.2 Key Findings and Recommendations Key Findings ThefinancialsituationofschoolsinNewOrleansis stabilizing. TheStateofPublicEducationinNewOrleans:SchoolFinances Drawingcomparisonsacrossschoolsanddistricts iscomplicatedandproblematic.

21 It is difficult to produce a single, comprehensive pictureofschoolfinancesinneworleans. Despite the difficulties in comparing schools and districts,itisclearthattherangeofrevenuesand spendingacrossallschoolsisquitelarge. TheStateofPublicEducationinNewOrleans:SchoolFinances Recommendations #1: Information should be available in a timely mannerandshouldbeupdatedfrequently.

22 #2:Financialdatashouldbeeasytoaccess. #3: Data should be presented in a manner that allowsforcomparison. TheStateofPublicEducationinNewOrleans:SchoolFinances

23 End Notes , v. 2 TimesPicayune, TimesPicayune PublicEducationinNewOrleans:AFinancialAnalysis TheAccountabilityReport2009:CharterSchools TheStateofPublicEducationinNewOrleans:SchoolFinances

24 Appendix A: Funding Sources for Public Schools Local and State Funding Federal Funding TheStateofPublicEducationinNewOrleans:SchoolFinances

25 Private Funding TheStateofPublicEducationinNewOrleans:SchoolFinances

26 Appendix B: Key Financial Indicators for Charter Schools, School or Network Revenue Per Pupil Contributions Per Pupil Expenditures Per Pupil Deficit Per Pupil [(Revenues - Expenditures )/ Pupil] Cash Per Pupil Liquidity Ratio (Cash Assets/ Liabilities) Abramson Charter School- Pelican Educational Foundation 12, , Advocates for Science & Mathematics Education 1 12,752 1,220 12, Akili Academy 10, ,908-1, Algiers Charter School Association 5 11, , , Audubon Charter School 10, , , Ben Franklin High School - Advocates for Academic Excellence 10, ,941-1,121 1, Crocker Arts and Technology School - Advocacy for the Arts & Tech 13, , Einstein Charter School 10,967 * 9,188 1,778 2, Esperanza Charter School 10, , , Firstline Schools 2 15, , , Hynes Charter School 10, , , Intercultural Charter School 10,643 * 11,746-1, International School of Louisiana 9, , , KIPP New Orleans 3 11,618 1,292 12, , Lafayette Academy - Choice Foundation 11, , Lake Forest Elementary Charter 10, ,000 1,637 5, Langston Hughes Academy - NOLA ,306 1,283 11, , Lusher - Advocates for Arts-Based Education 11, ,761 3,205 4, Martin Luther King Charter School 9, , , McDonogh 42 - Treme Charter School Assoc. 8,915 * 9, Milestone SABIS 11,290 * 12, , Miller McCoy Academy 9, ,337-1, Moton Charter School- Advocates for Innovative Schools 8,936 * 8, , N.O. Charter Schools Foundation 4 12, , New Orleans College Prep 18,646 5,323 16,537 2,110 3, Priestley Charter School 9, ,694 1, Singleton Charter - YMCA 9, , , Sojourner Truth Academy 10, , , Sophie B. Wright - Institute for Academic Excellence 11,951 * 11, , UNO Network 6 11, ,296-1, Warren Easton Charter School 11, ,516 1,104 7, Wilson Charter School- Broadmoor Charter 11,685 * 11, TheStateofPublicEducationinNewOrleans:SchoolFinances

27 * These schools did not include a separate line for contributions in their audit reports. It is possible that they received contributions and reported them under a different heading. 1 includes N.O. Charter Science and Math Academy and N.O. Charter Science and Math High School 2 includes Arthur Ashe Charter School and Samuel Green Charter School 3 includes KIPP McDonogh 15, KIPP Believe, KIPP Central City Academy, KIPP Central City Primary 4 includes N.O. Free Academy and McDonogh City Park 5 includes Harte Elementary School, Karr High School, Algiers Technology Academy, Behrman Charter School, Eisenhower Elementary School, Fischer Elementary School, McDonogh 32 Elementary School, Tubman Elementary School, and O.P. Walker High School 6 includes Capdau Charter Elementary School and Nelson Charter School TheStateofPublicEducationinNewOrleans:SchoolFinances