Portola Valley schools: Audit shows lax oversight, murky bookkeeping | June 27, 2012 | Almanac | Almanac Online |


http://almanacnews.com/print/story/print/2012/06/27/portola-valley-schools-audit-shows-lax-oversight-murky-bookkeeping


Almanac

Schools - June 27, 2012

Portola Valley schools: Audit shows lax oversight, murky bookkeeping

by Renee Batti

What has emerged from the recent forensic audit of the school district finances overseen by Tim Hanretty is a picture of a spending and accounting system without oversight and subject to abuse. And that lack of oversight has resulted in not only the alleged theft of more than $100,000 from the Portola Valley School District by Mr. Hanretty, but the apparent mishandling of other funds, including a fund set up by philanthropists Bill and Jean Lane to help employees with housing costs.

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