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Pleasanton School District Unable to Track Where Millions of Funds Went

Original post made by long time parent, Birdland, on Sep 11, 2011

Not sure if anybody caught the large article in the Herald on Friday but a citizen's committee and a district hired consultant was unable to determine where more than $6 million was spent. This after the district refinanced bonds that former Attorney General Jerry Brown said violated state law and cost Pleasanton taxpayers an additional $9.28 million on school construction bonds.

Interesting how the article stated that the consultant is suggesting the District require that district leadership attend ethics training.

Sounds like there are a lot of problems at the district now between illegal refunding of bonds, not knowing where all the bond money was spent, and losing a suit against a developer which sets the amount of money the district is to receive from new housing.

Comments (21)

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Posted by Cholo
a resident of Livermore
on Sep 11, 2011 at 8:44 pm

sombody been had sticky fingers...


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Posted by Mike
a resident of Highland Oaks
on Sep 11, 2011 at 9:15 pm

Accounting and accountability are very different concepts for some people, especially if other people's money is involved.

Further investigation is needed to clarify the situation.


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Posted by huh?
a resident of Another Pleasanton neighborhood
on Sep 11, 2011 at 10:01 pm

Illegal refinancing of bonds? Jerry Brown did not say that.


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Posted by Dick Cheney
a resident of Birdland
on Sep 11, 2011 at 10:22 pm

I personally believe the PUSD should hire some high-priced consultants to come in and investigate this matter. I'm sure they'll be able to tell us exactly what happened, and therefore will demonstrate for everyone yet another real smart use of taxpayer money. Additionally, the high-priced consultants should be advised by a Citizens' Committee made up of right-wing, witch-hunting fruitloops. Eventually we'll get to the bottom of all this union-thug based criminality.


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Posted by Mike
a resident of Highland Oaks
on Sep 11, 2011 at 11:03 pm

If it were small change, then we could check behind the superintendent's sofa cushions; but not being able to account for 6 million dollars is fiscal negligence and should be treated as such with a thorough investigation.


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Posted by Fed-up
a resident of Another Pleasanton neighborhood
on Sep 11, 2011 at 11:30 pm

Mike,

It seems to be more than fiscal negligence at this point. We're talking about cash-out re-financing, unaccounted for millions, Obama's stimulus funds meant to save teachers jobs ending up paying for current salaries (dumped into the GF to pay for operations), and the revenue source (taxpayers);reduced to beggers hoping for answers as to where the money was spent.

I would say taxpayers are partially to blame for not paying attention over the past decade if it weren't for the fact that we were conditioned to believe ... so much we now know to be false.

I'm sure our recent access to information now readily available on the internet, as well as our ability to connect via the internet and share our concerns, has helped to shed sunlight that was badly lacking for many years.

The potential of a double-dip recession is looming at the same time employee costs continue to rise. It is important we tighten policies, controls, and demand the trustees of our tax dollars are held accountable. That is our job.


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Posted by Investigator
a resident of Another Pleasanton neighborhood
on Sep 12, 2011 at 11:47 am

Maybe the Board should take accounting classes at Amador or Adult Ed..
And to the dickhead fraud posting as Dick Cheney; your assine comments do more harm than good to your own union-thug cause. Grow up. I'm afraid to find out, but I fear you teach our children.


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Posted by Down with Assines!
a resident of Del Prado
on Sep 12, 2011 at 12:14 pm

"I would say taxpayers are partially to blame for not paying attention over the past decade if it weren't for the fact that we were conditioned to believe ... so much we now know to be false."

That's exactly my point. The union-thug teachers have been conditioning our beliefs for decades now. Maybe Investigator, after he's finished going after the fraudulent assines and discovering which ones are teachers, can do a thirow report on union-thug indoctrination patterns. We need the sunlight, despite globel warming.


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Posted by be nice
a resident of Another Pleasanton neighborhood
on Sep 12, 2011 at 12:35 pm

"That's exactly my point. The union-thug teachers have been conditioning our beliefs for decades now"

Not true. The union thugs have been condition our teachers for decades. I'm sure you understand the distinction. With all due respect, our educational system is facing huge challenges. The pension issue alone is a big problem, but obviously not the only problem.

The School Board has much to discuss in the coming weeks and months.


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Posted by No Assines!
a resident of Del Prado
on Sep 12, 2011 at 1:00 pm

Absolutely, be nice. How could I have missed that important distinction?!?!?

The union-thugs have been conditioning our teachers' beliefs for decades, and the teachers have been taking those beliefs and indoctrinating our children for decades.

Let's just hope its not two late to safe our children from the assine teachers!


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Posted by Cholo
a resident of Livermore
on Sep 12, 2011 at 1:08 pm

I still believe somebody been had waaaaaay waaaaaaaay sticky fingers...I rest my case!

it's called sticky finger syndrome...


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Posted by Be nice
a resident of Another Pleasanton neighborhood
on Sep 12, 2011 at 1:16 pm

Maybe we just need to focus on fiscal responsibility, the bargaining table, and electing board members that aren't picked by the unions.

Sorry, the topic is money that isn't accounted for. I doubt you or your union would know anything about that issue. You're just opposed to audits as a matter of principle, right?


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Posted by Dick Cheney
a resident of Birdland
on Sep 12, 2011 at 1:17 pm

But Cholo, what are we to do? The union thug police were probably in on it. The Cal DA is a union-loving Democrat. And the Fed DA is a Obama-appointed black man. Everybody has their fingers in the taxpayers' honey pot. We need more investigators like Investigator.


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Posted by Marie
a resident of Amberwood/Wood Meadows
on Sep 12, 2011 at 7:04 pm

Be sure to go to the Sept 13 board meeting and express your concerns. In addition to having discussion about bond refinancing, the Board will also consider a change to the superintendent's contract.


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Posted by b
a resident of Another Pleasanton neighborhood
on Sep 12, 2011 at 8:51 pm

The money went to consultants, lawyers, mold remediation, and TEA Party witch hunts. I read about those here regularly. I wonder how much was spent on education.


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Posted by Boner
a resident of Another Pleasanton neighborhood
on Sep 12, 2011 at 8:53 pm

b,

You have anything positive to add or advise or are you just acting out again?


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Posted by Nomad
a resident of Another Pleasanton neighborhood
on Sep 12, 2011 at 9:39 pm

To the poster named 'Dick Cheney' -

I didn't know Beth Limesand was a 'right-wing, witch-hunting fruitloop'. As chair of the Citizens Committee looking into the Bond Refinancing, I'm sure she provided a quite-left-of-center leadership position.


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Posted by Yes, very mad, and a little off too
a resident of California Reflections
on Sep 12, 2011 at 10:22 pm

You mean all this already occurred? Heck! Then why are we talking about it? Oh, I see. Following Mike's informed position, maybe we should do it all over again? I'd rather pay for another investigation than get duped into paying a parcel tax. Sheeeesh!


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Posted by Don
a resident of Birdland
on Sep 12, 2011 at 10:32 pm

I read somewhere that Dick Cheney had moved into Birdland and was giving a book signing. Can anyone give me more information about that? He is a great American war hero and national treasure.


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Posted by long time parent
a resident of Birdland
on Sep 12, 2011 at 10:43 pm

To "Huh", there were some grand juries in the State investigating a couple of School Districts in California that did cash-outs as part of a refunding and that prompted Attorney General Jerry Brown to release the official Attorney General Opinion that bond refundings were legal but cash-outs were not since they were issuing additional debt without the voters permission. Not only did they violate State Law, they violated the State Constitution. The Pleasanton School District was fine with their refundings that lower interest rates but not on the cash-outs. The taxpayers of Pleasanton are now paying more on our property taxes because our district decided to cash-out and increased our debt, all without the taxpayer's permission.


 +   Like this comment
Posted by Yesmad
a resident of California Reflections
on Sep 12, 2011 at 11:42 pm

How much more? This is an outrage. Why haven't I heard about this?


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