Press: Coeur d'Alene Preps For Audit, New Procedures in Wake of Embezzlement

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The City of Coeur d'Alene has instituted new financial procedures and is preparing for an independent audit in the wake of learning that one of its finance department employees had stolen $365,000 in public funds.

This morning's Coeur d'Alene Press reports that the city may turn to the same accounting firm that previously audited the city's finances, but more "financial checks and balances" have been instituted since 52-year-old Sheryl Carroll admitted to six counts of wire fraud in connection with 120 fraudulent transfers from 2007 through 2012, when she worked as the city's payroll coordinator. She's scheduled for sentencing on Feb. 5, 2013.

"We have learned from what has taken place and understand better an area to improve on," said Troy Tymesen, Coeur d'Alene's finance director.

Long before Carroll was employed by the City of Coeur d'Alene, the Press reports that she had been convicted of first degree theft in 1983 and ordered to pay nearly $9,000 in restitution to a Bend, Ore., real estate company. But Coeur d'Alene administrators said they were not aware of her past when they hired her.

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