CATS former CFO kept $12,000 of company cash for nearly a year
BATON ROUGE - Hours after Capital Area Transit System CFO, Gary Owens, resigned, it was revealed he kept thousands of dollars of cash in a safe for months and did not deposit the money.
"I told him in July he must deposit that money," CATS CEO Bob Mirabito said. "It was leftover from last year's Touchdown Express money...from November."
Mirabito told News 2 Owens had $12000 cash during that time span that went without being deposited. It has since been.
"Would you have $12000 at CATS? No. That wouldn't be standard operating procedure," Mirabito said.
The news of Owens money management comes as an investigation into fare box collection discrepancies. For year, the boxes have not added up with how much money was deposited.
An audit last month showed $101,860 could not be accounted for.
Owens blamed the issue on a "computer glitch", but an internal investigation revealed that was not the case.
Mirabito worries the money may have been stolen.
"The probability of theft becomes a lot greater since we've had a clean audit for the last four weeks," he said.
In his resignation, Owens made not reference to the missing money nor did he give a reason for his departure.
Owens did not return any of News 2's requests for comment.
When asked if the CFO was forced to resign, Mirabito would not comment.
"He resigned and I will not make any comment about personnel matters. That's confidential," Mirabito said.