Theft is a Wake Up Call

Some people take the concept of “profit sharing” into their own hands. An employee is believed to have stolen $336 from a Jeanette, Pennsylvania city lot that only recently began charging for parking. That’s not a lot of money, but any theft shows your revenue control systems are failing. According to triblive.com:

The employee raised suspicion by giving “at least three conflicting stories” about the money’s disappearance, Mayor Richard Jacobelli said.

Jeanette’s petty parking lot thief said the office safe wasn’t secure so he put the money in his backpack to protect it and then he walked through the most dangerous part of town where the money was stolen from him. Somewhere along the way he attended a funeral. The matter has been turned over to police. Triblive.com reports that this is not the first time the city has suffered for its weak approach to auditing:

A 2012 audit revealed the city lacked internal controls and used a sloppy accounting system that raised the risk of errors and fraud. It allowed employees to withdraw cash without prior approval, opening the way for potential theft, according to auditors.

Earlier this year, a contractor was sentenced to probation for keeping $65,000 from the city in 2005 for a recreation building that was never delivered.

Let’s hope Jeannette officials realize there are many ways they can protect their money and start implementing those methods soon. Click here to read the article.

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