BOE Trustee Vendola and the $4.5 million school deficit
BOE Trustee Stephen Vendola was first elected to the Lyndhurst Board of Education in April, 2005.
One of Vendola’s first votes as a member of the BOE on May 17, 2005 was to appoint DiMaria & DiMaria as the “Independent” Auditors for the Lyndhurst Schools.
Independent Auditors check school finances to make sure everything is on the up and up.
The same auditors Trustee Steve Vendola voted to appoint to safe guard Lyndhurst School finances were also the auditors for the Lyndhurst Municipal government, run by Mayor Giangeruso Bob and Commissioner Tom DiMaggio.
Within a decade, these auditors allowed the school administrators hired by Trustee Vendola and his BOE colleagues to create what is now estimated to be a $4.5 million deficit for the Lyndhurst School System.
The Vendola Team’s $4.5 million deficit will be covered by a loan from the state of New Jersey this year, to be paid back over the next decade until 2030. This will short change spending on Lyndhurst public education over $400,000 a year for the next ten years.
VENDOLA’S BOE AUDITORS WERE TERMINATED IN 2018, AFTER THE STATE TOOK CONTROL OF LYNDHURST SCHOOL FINANCES IN THE WAKE OF A $4.5 MILLION DEFICIT:
But honestly, how Independent were Steve Vendola’s “Independent” school auditors to begin with? They were also the “Independent” Auditors for the Lyndhurst Township government. And Vendola’s auditors were major political contributors to Mayor Bob Giangeruso and Commissioner Tom DiMaggio.
READ HERE SOME OF THE OFFICIAL GIANGERUSO AND DiMAGGIO NJ ELEC REPORTS SHOWING A FEW CAMPAIGN CONTRIBUTIONS FROM VENDOLA’S SCHOOL AUDITORS THAT TOTALED NEARLY $20,000 IN CONTRIBUTIONS OVER 8 YEARS TO THE MAYOR AND COMMISSIONERS:
Ten years ago, 2019 Independent BOE candidate Elaine Stella questioned the conflict of interest in Vendola and the BOE hiring Giangeruso’s town auditors as “Independent” school auditors, back on May 10, 2010 (when BOE Trustee Steve Vendola voted to appoint DiMaria & DiMaria, a fifth time).
Obviously, 2019 BOE candidate Eliane Stella was right a decade ago.
Clearly, Trustee Steve Vendola has been repeatedly wrong on pubic schools finances. Vendola voted a total of nine times as a BOE member to re-appoint the auditors who missed the $4.5 million shortfalls. That’s right, BOE Trustee Steve Vendola voted 9 times to re-appoint the “Independent” auditors in large part responsible for not catching the Lyndhurst schools $4.5 million deficit.
Based on that, should you vote for Steve Vendola for BOE again this year, on November 5, 2019?
That’s obvious too. Vendola’s record is one of the Lyndhurst Board of Education’s biggest disappointments, a record already handicapped by Vendola’s multiple conflicts of interest with most of his immediate family employed by the Lyndhurst School System that Steve Vendola has a vote in running.