News

Ex Portola Valley supe pleads not guilty of embezzling funds

Tim Hanretty appears in court, denies embezzlement allegations

Tim Hanretty pleaded not guilty Tuesday morning, June 19, to six counts of embezzlement from the Portola Valley School District, charges involving the alleged stealing of nearly $101,000 to pay for a construction project at his Woodside home during his tenure as superintendent of the district.

Hanretty appeared in San Mateo County Superior Court with his attorney, Michael Markowitz, denying all allegations and enhancements, according to Karen Guidotti, chief deputy district attorney. The enhancements have been added to the felony charges because the alleged theft was an "excessive taking" -- more than $65,000, she said.

Hanretty remains out of custody after posting bail.

In April, Hanretty was charged with three felony counts of misappropriation of public funds from work he performed earlier as chief financial officer of the Woodside Elementary School District. Both cases will be heard in court together, Guidotti said.

In the Woodside district case, the District Attorney's Office announced that it found no evidence that the misappropriation of funds was for his personal gain.

In an earlier email to the Almanac, Markowitz said he and his client have no comment about the new allegations.

The embezzlement from the Portola Valley district allegedly began in December 2010, just months after Hanretty became superintendent and chief business officer of the district, according to a statement issued late Friday night by Acting Superintendent Carol Piraino.

Hanretty resigned as superintendent in late January after the District Attorney's Office launched an investigation in the Woodside district case. The Portola Valley district then hired an outside accounting firm to conduct a forensic audit to pore over its financial records.

Piraino said the audit revealed that Hanretty submitted six invoices totaling $100,926 for reimbursement from the district's solar panel escrow account at Deutsche Bank.

The invoices describe work allegedly done at the district, but "the contractor never actually performed any work for the District. Rather, he performed work on Hanretty's personal home remodel project. The amounts on the contractor's invoices to Hanretty exactly mirror the amounts that Hanretty submitted to Deutsche Bank for reimbursement out of the District's funds," she said in the statement.

The school board will hear a report by the forensic auditors at its meeting on Wednesday, June 20; it begins at 5 p.m. in the district's annex building, 4575 Apline Road in Portola Valley.

Related stories:

Former Portola Valley supe arrested for embezzlement

Portola Valley schools superintendent resigns under cloud of investigation

Comments

 +   Like this comment
Posted by Hal
a resident of Crescent Park
on Jun 19, 2012 at 5:49 pm

This guy sounds like a politician! They always say, "oh I didn't do anything wrong"....but man your new yard pool sure look nice don't they, by the way....how were you able to pay for this?
Uh...duh!!!


 +   Like this comment
Posted by ?
a resident of Another Palo Alto neighborhood
on Jun 19, 2012 at 6:47 pm

I was in charge of an event and the PayPal account had $20,000 from ticket sales. Take a slice of the pie? Sure, it's tempting, but someone has to be mental to really do such a thing. It's so wrong - even a child knows that.


 +   Like this comment
Posted by Cid Young
a resident of another community
on Jun 22, 2012 at 9:45 am

The Cabrillo Unified School District just passed Measure S for $81 Million Dollars , including money slated for Solar Panels.

I want Solar panels on my house too, but now that they voted to Extract close to $10,000 over time via property tax assessments, I will just get to pay for the School to have them, and not on My house.

They made it sound so cheap..$45.00 per 100,000 dollars of valuation. But the BOND will be sold for a time covering 25 OR 40 years and they will be based on ever-increasing ad valorem at the time of funding which could actually take place in the 24th year!
SHEEZE!


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