In the two past contested elections for what now has become the controversy magnet of the Centinela Valley School Board, (as reported in a previous article regarding Superintendent Jose Fernandez’ generous $663,000 compensation package seen HERE) it was revealed that a major California construction firm TELACU poured large amounts of money into campaigns to elect their favored candidates. In return for the favor, the friendly school board awarded TELACU two construction bond measures on the ballot totaling nearly $200 million. Voters approved both, and TELACU was awarded contracts to manage the construction projects.
The Daily Breeze reports Centinela Valley officials have pointed out that as a result of the two successful bond measures — one in 2008, another in 2010 — major face-lifts have occurred or are in the pipeline for all three campuses. The projects have replaced old, sometimes crumbling facilities with state-of-the-art classroom wings, media centers, offices and commons areas.
In the Los Angeles area a quickly drawn school board meeting demanded by members of the public, a hearing was held on the total compensation package of Centinela Valley Union High School District Superintendent Jose Fernandez. The package with salary, benefits, and perks for the calendar year 2013 amounted to $663,365.00. The school district has 6,600 students enrolled. This compares, or rather contrasts, with that of John Deasey, Superintendent of the Los Angeles Unified School District who received a total compensation package of $309,997.00 and enrollment of 650,000 students. President Obama receives a compensation package of $569,000.00
In addition to Jose’s base salary the compensation package included a loan of $910,000.00 to purchase a residence in the affluent Ladera Heights neighborhood with a term of 40 years and an annually compounded interest rate of 2%, half the prevailing market rate at the time.