Orleans Parish School Board New Orleans, Louisiana

Luther Speight & Company CeTtified Public Accountants and Consultants ORLEANS PARISH SCHOOL BOARD NEW ORLEANS, LOUISIANA Financial Statements and Sdiednles Time 30, 2019 Contents Introductory Section Principal Officials i Superintendent's Letter of Transmittal ii Independent Auditor's Report 1-3 Required Supplementary Information - (Part I) Management's Discussion and Analysis 4-13 Basic Financial Statements Government-Wide Financial Statements Statement of Net Position 14 - 15 Statement of Activities 16-17 Fund Financial Statements Governmental Funds Balance Sheet 18 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position 19 Statement of Revenues, Expenditures and Changes in Fund Balances 20 - 21 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Statement of Activities 22 Proprietary" F"unds Statement of Net Position 23 Statement of Revenues, Expenses and Changes in Net Position 24 Statement of Cash Flows 25 - 26 Fiduciary Funds Statement of Fiduciary Net Position 27 Statement of Changes in Fiduciary Net Position 28 Notes to Financial Statements 29 — 88 Other Supplementary Information Combining and Individual Fund Statements Non-Major Governmental Funds - By Fund Type Combining Balance Sheet 89 Cooabining Statement of Revenues, Expendituces and Changes in Fund Balances 90 Non-Majof Spedal Revenue Funds Combioiog Balance Sheet 91 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 92 Non-Major Capital Projects Funds Combining Balance Sheet 93 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 94 Proprietary Fund Type - Internal Service Funds Combining Statement of Net Position 95 Combining Statement of Revenues, Expenses and Changes in Net Position 96 Combining Statement of Cash Flows 97 Fiduciary Fund Type - Trust Funds Combining Statement of Assets and liabilities 98 Combining Statement of Changes in Assets and liabilities 99 Fiduciary Fund Type - Agency Funds Combining Statement of Assets and Liabilities 100 Combining Statement of Changes in Assets and Liabilities 101 Schedule of Compensation, Benefits and Other Payments to Agency Head 102 Schedule of Compensation to School Board Members 103 Required Supplementary Infotmation - (Part II) Budgetary Comparison Schedule - General Fund 104-105 Budgetary Comparison Schedule - Pass-Through Fimd 106 Budgetary Comparison Schedule - Federal Grant Fimd 107 Net OPEB liability and Related Ratios 108 Schedule of the School Board's Proportionate Share of Net Pension Liability 109 Schedule of School Board Pension Contfibutions 110 Notes to Requited Supplementary Information 111 - 112 Statistical Schedules Table of Contents - Detailed 113-131 Contents (Continued) Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 132 - 133 Report on Compliance for Each Major Federal Program; Report on Internal Control Over Compliance; and Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance 134-136 Schedule of Expenditures of Federal Awards 137 Notes to Schedule of Expenditures of Federal Awards 138 Schedule of Findings and Questioned Costs 139 - 142 Summary Schedule of Prior Audit Findings 143 Summary of Charter School Findings 144-151 Independent Accountant's Report on Applying Agreed-Upon Procedures 152 -154 Schedules Required by Louisiana State Law (R.S. 24:514 Performance and Statistical Data) Schedule General Fund Instmctional and Support Expenditures and Certain Local Revenue Sources 1 155 Class Size Characteristics 2 156 Notes to Schedules 157 State-wide Agreed-Upon Procedures Report 158-165 Piincipal Officials Schôol Board Members Joita A. Brown, Sr. District 1 President Ethan Ashley District 2 Sarah Newell Usditt Districts Leslie RlHson District 4 "Vice President Ben Kleban Districts Woody Kbppel District 6 Nolan Marshall, Jr. District? Officers are efected for a. term of one calendar year by Board Members. The 2019 officers are shown above. Administrative Officials Dr. Henderson Lewis, Jr., PhD. Superintendent Maiy K. Garton Assistant Superintjendent Amanda Aiken Senior Chief and Schools Officer Dina Hasiotis Chief of Staff TifiEany Delcour Chief Operations Officer Diane B. AlHson, CPA Chief Financial Officer ORLEANS PARISH SCHOOL BOARD (504)304^520 • OPSB.us • 2401 Westbend Partoy • Suite 5055 • New Orleans, Louisiana 70114 December 19,2019 To: Orleans Parish. ScliDol Board Members The People of New Orleans li is om: priwlege to present the audited finandal statements and schedules on the fiscal condition of the Orleans Parish School Board, New Orleans, Louisiana, for the fiscal year ended June 30,2019. The report was prepared in conformiiy with accounting principles generally accepted in the United States of America (GAAP) as prescribed by the Governmental Accounting Standards Board (GASB) and is submitted in accordance with Louisiana Revised Statute Title 24, Section 514. The Orleans Parish School Board is responsible for the accuracy, completeness, and fair presentation of the data, representations, and disclosures presented in this report To the best of our knowledge and beliej^ the information presented in tiiis report is accurate in all material respects, reported in a manner designed to Mdy present the financial position and results of operations, and provides disclosures necessary to enable the reader to gain an understanding of tiie finandal activities and condition of the Orleans Parish School Board. GASB Codification Section 2200.105 requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis. This letter of transmittal is intended to complement Management's Discussion and Analysis, which immediately follows the independent auditors' report and should be read in conjunction with that report Orleans Parisb. Sdiool Board Members Becemb&r 19,2019 Page 2 JQoidependleaf Audit Utese finandal stafemeoEts iave been audited by tbe fern Lnfiber Spa^t and Company, CPAs, located in New-Orleans, IxKiisaana. The goal ofibeindependaitanditwastoimmde reasonable asaitance tbat fbe finandal statements of die Oiieans Padsb Sdiool Board for the jSscal year ended Jnne 30,2019 arejB:eefiDniniatgiialmiss£atem.CTl Theindepmdent audit invdves examining, on a test basis, evidence si5)pcnting the amounfe and disclosure in the finandal statemeofe; ass^singthe accouaiingpiindples used and significant îmates made by management and eyalnatmg the overall finandal sfetemeot piesoiMion- Ihe indepettdent auditor concinded, based tgion fee audil; featfeere v?as a reasonable baas ferrendeiiag an unmodified opinion that fee finandal statements of fee Orleans Parish School Board for fee year eoded June 30,2019 are faMy prênted in accordance vrife acc»untii]g ptindples generally accepted in the United Stales d America The independent auditors' report is prênted immefeatdy following Management's Ifiscassion and Analy^. The independent audit of the financial statemeds of fee Orieans Parish School Board was part of a broader, federally mandated "Sinê Audif' deagned to meet fee êdal needs of federal - grantor agencies. The standards governing "Sinê Audif engagenents require fee independent auditor to report no only on fee feir presentation of fee financial statenenfe, but also on fee testing of fee government's internal controls and legal requirements iavolvhigfee admimstration of federal awards, Ihese reports immediately follow fee stafistiod i^les. Accemxting Control Management is responablefer establishing andmaiataining internal controls designed to ensure that assets are protected firom loss, feefi; or misitse and feat adequate accounting data is compiled to provide for fee preparation of financial statements in c£a3fortii%- wife accounting principles generally accepted in fee Uni^ States of America. Ihtemal controls are designed to provide reasonable, but not absolute, assurance feat these objectives are met. Ihe concept of reascEoable assurance recognizes fet^fee cost of a control feotdd not exceed fee benefits likely to be derived, and fee valuation of costs and benefits requires estimates and judgmeofe by management. AH internal contrd evaluations occur wifeia this framework. We b dieve feat fee intecnal accounting controls-of fee (Means Parish School Board adecjnately safeguard assets and provide reasonable assurance of proper recording and reporting of financial transactions. Orleans Pmsh Schod Board Membegrs Decetttbar 19^ 2019 Pages Profile of ihe Orleans Parisii Sehod Board TfaeKew Odmis PubEc Scbools %steaa w$s es^fisired cdi3!«Eardi26,1841 Tsiili-die assistance of America's cbanqgoao. of fbee pddie edjcafion, Horace Mano, to provide Mndergarteai fhror#i twelBii grade pddic edimation for die diildcea of jESTew Od^jos. Bôre B&inicaneKatma stock:ISfew Qdeans in2005, LonManabad created die Sieeoveiy Sdiool District ^RSD) to lafceovea: and transfcam failiDg sebods. Ader die storm, the Recoveiy Scbod Di^cf s scope vs?as expanded to indnde sdiods petformiog below state averages vddnn an academically troubled ^stem diat was plagued by sevae financial dstress. Bodi die Kecovety Scbool Distrid and the (Means ParMi Sdiool Board eveotudly acdioiized diaiter schods to refontt local edimationdiroij^ decentraiizatiQtt basedvpaa mtmatny and accoimtabiBly, wide wo&ii^ wrtfa. state and federal

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