The San Carlos Elementary School District Board of Trustees and its staff will undergo training as a result of the timing of a money transfer for a $1.3 million home loan given to the superintendent.
At a board meeting last week, the board voted 3-2 to direct staff to work with county counsel, in collaboration with the San Mateo County Office of Education, to develop training for staff and the board around funding disbursements, financial controls and communications and to include a chronology of the events surrounding the loan between June and September to use for purposes of training.
The transfer of funds for Superintendent Craig Baker’s loan, so he could move from Redwood City to San Carlos, occurred one day prior to the board taking formal action to approve it. The escrow on the San Carlos home Baker purchased was scheduled to close Sept. 13, but went through on Sept. 11.
Trustee Adam Rak and some other board members wanted an audit of the process, but it was clear there was not majority of the board support to do so. Trustees Seth Rosenblatt and Beth Hunkapiller voted against the proposal.
“Beth and I had proposed the idea of an independent review to understand the errors,” Rak said. “We thought it was important to move forward with training and counsel offered this as an option, along with getting a timeline of events to understand what mistakes were made and establish best practices.”
Deputy County Counsel Kathryn Meola, who represents San Carlos, said she will meet with the board next week to discuss the training on fiscal controls.
The one-year loan, that comes with a 2.65 percent interest rate, has $2,870.83 a month payments. There is also a penalty of 4 percent of the monthly amount due if any payment is made after the 15th of the month in which it is due.
Baker previously said he needed the loan to move into the district. Baker’s son goes to Central Middle School and he wanted him to be able to walk to school with his friends.