Town Square

Post a New Topic

Former Portola Valley supe arrested for embezzlement

Original post made on Jun 18, 2012

Tim Hanretty, the former superintendent of the Portola Valley School District, has been arrested and charged with felony embezzlement of public funds from the district, acting superintendent Carol Piraino announced late Friday night. ==B Related story:==
• [Web Link Portola Valley schools superintendent resigns under cloud of investigation]

Read the full story here Web Link posted Monday, June 18, 2012, 2:49 PM

Comments (4)

Like this comment
Posted by blank checkbook
a resident of Portola Valley
on Jun 18, 2012 at 6:03 pm

Did the school district just give a blank checkbook to a new employee? Yes, confiscate this thief's house and use it to pay back the debt, then throw him in jail for some serious time. But school district officials are also guilty of serious incompetence. I hope they are taking responsibility for part of this crime.

Like this comment
Posted by Wayne Martin
a resident of Fairmeadow
on Jun 19, 2012 at 7:23 am

The Portola Valley school district seems to be comprised of only two schools, serving perhaps 700-750 students. Most small organizations, like this one, end up placing a lot of trust in their key officials, and often fail to insure that the necessary check-and-balances are in place in the organization, believing that the key people will “do the right thing”, being “honest people”.

From reading the Forensic Audit of the financials of the Portola Valley School District, it is clear that some reasonable checks-and-balances were not in place, such as having a loan committee formed to oversee the use of funds to provide employee loans. There were also several clerical/procedural errors found in the audit, which should have been found in a yearly financial audit, if the yearly audits were being performed by a credible audit team. There also was no mention about the use of any specific software to help manage finances in this district.

In this case, the construction fund was very small, so the use of $100,000 became a significant portion of the fund. But given that there seemed to be few/no internal checks about the validity of the invoices being submitted, one can only wonder how often this sort of fraud goes on in large school construction projects?

Googling “school” “business manager” “indicted” generates a number of on-going cases around the country of school business managers who are, or have been, caught mismanaging funds. With 16,000 school districts nationally, and most of them small, one can only wonder how much fraud/mismanagement of funds goes on undetected, because of the failure of the local school governing bodies to set up adequate financial controls in their districts? The US Public Education System consumes almost $1T/year. Situations like this one at Portola Valley gives one pause to wonder just much of this $1T is going up in smoke due to questionable, or non-management, in all of the school districts around the country?

As to Portola Valley situation, this situation calls into question the capability of the five-person governing board. It’s a shame that this sort of situation doesn’t initiate a complete audit by the State Superintendent of Schools.

Like this comment
Posted by local gurl
a resident of Greenmeadow
on Jun 19, 2012 at 11:36 am

What causes someone like this to take these kinds of actions and jeopardize so much for seemingly so little? Very very sad.

Like this comment
Posted by Interested onlooker
a resident of Portola Valley
on Jun 19, 2012 at 11:48 am

Interested onlooker is a registered user.

No blank checkbook was given to a new employee. Hanretty was the chief business official for both Woodside and Portola Valley school districts from 1999-2010, and assistant superintendent in Portola Valley before being promoted to replace the outgoing superintendent, who is now the San Mateo County superintendent of schools.

It's easy to accuse others of incompetence in hindsight. So that the rest of us might learn from your wisdom, what were the telltale signs missed by the boards? It's a popular misconception that "an audit" verifies every financial transaction.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Why contentious local politics? More examples from ADU at Council
By Douglas Moran | 49 comments | 2,002 views

Food Party! 420
By Laura Stec | 5 comments | 1,306 views

What Are Your Gifts that Must Be Shared?
By Chandrama Anderson | 1 comment | 474 views


2017 guide to summer camps

Looking for something for the kids to do this summer, learn something new and have fun? The 2017 Summer Camp Guide features local camps for all ages and interests.

Find Camps Here