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


https://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.

This story contains 1164 words.

Stories older than 90 days are available only to subscribing members. Please help sustain quality local journalism by becoming a subscribing member today.

If you are already a subscriber, please log in so you can continue to enjoy unlimited access to stories and archives. Subscriptions start at $5 per month and may be cancelled at any time.

Log in     Subscribe