the staff of the Ridgewood blog
Ridgewood NJ, clearly there is no accountability for an infant toddler program ( ITDC ) at the Glen School site. It appears, Superintendent Fishbein and Business Administrator Kelley gave account on March 2019 and August 2020. However, statements seem to be a stark contradiction of each other.
According to resident Steve Kim who posted on Facebook ,”Based on the recent restatement discussed at the Aug 29 BOE meeting, the 2017-2018 income was a result of expense management, not real gain. The ITDC expenses were charged to the K to 12 program. This brings to question whether the 2013-2014 gain was real.”
Mr. Kim continued ,”In 2020, the program lost close to $500k and it is to projected to lose another $250k for the coming year and more if the school needs to close down because of Covid.
The subsidy to keep the program afloat is coming from the K to 12 funds. ITDC is classified as “Business Type Activities”, and as a result, not mandated. That means tax dollars and state aid should not flow that way.”
This is a day care program open to outside residents. So it can not be subsidized by tax revenue. Did it operate at a loss and was this covered up?
Yup it was operating in loss and it WAS covered up!
Their auditor is Lerch, Vinci & Higgins.
Is the board moving to discontinue the services of the firm that does their audit, Lerch, Vinci & Higgins? Seems like that was a pretty big mistake, and mistakes like that are generally not accidental.
What is the motive, if this represents continued malfeasance? A favor?
The motive is that the center was used primarily by teachers in the system. So by keeping the center open even when it was losing money, the teachers using it remained happy.