|Anthony Petrosino was employed at an annual salary of $144,900 as Assistant to Hoboken Superintendent Raslowsky for the 2007-2008 and 2008-2009 school years.|
GA's dug up some dynamite called The Hoboken Public Schools Comprehensive Financial Report for the Fiscal Year Ending June 2008...
...but you can call it the (first) "Petro Years Audit."
The details of this audit for the 2007-2008 school year were never presented to the public-- and you know what they say: details are where the devil hides.
In this case, the devils were running the show*.
*For the first time, after Kids First took control in 2009, the details of the Hoboken Public Schools 2008-2009 audit (the second Petro Years Audit) were publicly presented, putting the Petro Years devils on public display. Hoboken Now reported the shocking Petro Years audit findings in its article: "Scathing audit of Hoboken Board of Education shows more than two dozen irregularities."Well, the never-before-presented details of the 2007-2008 Petro Years Audit will be shared with the public for the first time here on GA.
The 2007-2008 Petro Years Audit is 224 pages. Today we'll look at this excerpt of Finding 2008-10 below:
"...the District also made transfers out of charter school appropriations without prior approval from Department of Education."
Those unapproved transfers of Elysian Charter School and Hoboken Charter School monies occurred under Anthony Petrosino and Raslowsky in 2007-2008....
...and STOPPED by Kids First in 2009.
Here it is, Petro-Years Audit page 167:
How much $ was transferred OUT of Elysian and Hoboken Charter School appropriations?
The Auditor did not identify the amount.
Why was money transferred OUT of Elysian and Hoboken Charter School appropriations?
The Auditor says "cause" is "unknown."
Where did the money go?
GA says, "Who the hell knows."
Here are some puzzle pieces.
From the PetroYears audit-- page 159, check out how expenditures on Charter Schools take a dive from 2006 to 2007 (normally would increase), then in the fiscal year ending in 2008 (Petrosino's first year assisting Raslowsky) the expenditures were "ZERO."
click to read
Zero expenditures for Charter Schools? How can that be?
Let's check the Hoboken Board of Education "User Friendly" Budget to see what they reported for "Transfer of Funds to Charter Schools" in that year, 2007-2008.
That figure was $2,873,499, found on the 2008-2009 "User Friendly Budget"- page 2:
click to read
So, in the Petro Years, the Hoboken Board of Education reports $2.8M transfer of funds to Charters in 2007-2008, then appropriates almost double for 2008-2009...
Meanwhile the auditor, who looks at the books, including bank statements, reported zero expenditures on Charter schools...
And the auditor reports transfer out of Charter School appropriations....
Is that why so much crapademia flows from Texas.: bullshit graphs, lies about how everything's gotten worse in Public Schools since Kids First took out the garbage in 2009 - the OPPOSITE is true.
In fact, the truth is hidden in plain sight in those Petro Years docs- from botoxing enrollment to falsely claiming rising "cost-per-pupil".
So, what were these "transfers out of Charter School appropriations?"
Hoboken taxpayers have a right to know.