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Interim CFO to drop the “interim” from his title

By Katy Murphy
Monday, October 8th, 2007 at 2:13 pm in Uncategorized.

lglaster.jpgLeon Glaster, who came out of retirement this summer to replace Javetta Robinson  – originally, on a temporary basis – will be on board for another two years if his contract is approved Wednesday night.

Glaster’s contract is posted at the bottom of the school board agenda. Including an annuity and a mileage and cell phone stipend, he would bring in about $182,600 per year. That figure doesn’t include the district’s health insurance contributions.

According to the contract, Glaster is charged with getting the school district a triple-A bond rating by January 31, 2009 and a positive certification from the Alameda County Office of Education by June 30, 2009.

Another interesting note: The district’s new CFO will be brought on as a consultant, rather than a regular employee.

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  • http://wwwstatic.kern.org/gems/fcmat/CALIFORNIASTATELOANSTOSCHOOL.pdf Pat Hudson

    Gee, Oakland Unified is a lot larger than I thought. Reimbursing the CFO for 1,000 miles a month ($500) for mileage seems excessive. Going to make it harder to those financials certified by the county.

  • Jim Mordecai

    CFO position is now going to occupied by a consultant who does not pay withholding taxes. Since this is an excellent example of how to avoid withholding, perhaps all teachers should be hired in Oakland as consultants that do not have to pay withholding. Would not this be a way to attract more teachers than other Districts because Oakland has found a way to hold back the mean ole IRS and its withholding claws?

    Doesn’t those who work for a consultant end up like members of the army might feel taking orders from Blackwater? This consultant in the role of CFO raises some interesting and unusual questions that might need a lawyer to clarify. But, since the IRS tax law is involved maybe both labor lawyer and a tax lawyer are needed to analyze this situation.

  • Jim Mordecai

    I am not against hiring an experienced and recognized expert in finance such as Mr. Glaster. In fact he is far more qualified than the newly hired interim State Administrator that would not be qualified to be State Administrator because by law the State Administrator needs to be a recognized expert in finance and management. At least Mr. Glaster has one of the two expertise required under SB 39.

    I assume that because Mr. Glaster is retired that being paid as a consultant allows him to continue to receive his retirement pay. Yet, having a CFO paid as a consultant seems highly unusual as he will be no longer interim CFO but permanent OUSD’s CFO.

  • turner

    It would not work for teachers, Mr. Mordecai. And it’s not going to work for Mr. Glaster.

    The IRS has very strict rules about who can be paid as a consultant as opposed to an employee. If OUSD is not careful, they will find themselves in legal trouble of the worst kind: a fight with the IRS.

    The IRS is very clear: “A general rule is that anyone who performs services for you is your employee if you can control what will be done and how it will be done.”

    Mr. Glaster is an employee. He will be working as an employee and he will be supervising employees. I don’t know what OUSD is trying to pull here.

    A responsible citizen would be wise to forward this agreement to the IRS. We should not be party to any agreement that allows anyone to circumvent our tax process.

    Turner

  • sharon

    I love the things you say, you guys. Thank you for being the voice of sanity in this absolutely insane situation.

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