Oh baloney.
McQueary said early on that he did notify the police -- meaning Gary Schultz who had oversight over the PSUPD. In talking with Schultz he thought he was talking to "the police". Schultz told him that he would take it from there to the necessary authorities and never did. That's where the cover-up began, and that's what the Grand Jury found.
You're right. Joe Paterno had no culpability in this matter whatsoever.
Joe Paterno: "I wish I had done more."