Money missing from a university’s revalue account has led to several changes at Seattle University, including a new campus card system. The missing money from the revalue machines totaled more than $138,000 and occurred over a two-year period.
David Ingham, account systems manager at the Seattle University controller’s office, noticed that deposits from the school’s revaluation machines, which students use to add money to their campus card account, hadn’t been made for quite awhile, according to the school’s student newspaper, The Spectator.
Over the course of the 2008-2009 fiscal year, $53,598 had gone missing and in the 2009-2010 fiscal year, $84,895 had disappeared, said Ingham.
The Spectator says the person responsible for collecting the money from the revalue machines has been charged with the crime.
Since the missing deposits were first discovered, the school has made several changes, including scrapping its revalue machines and installing a new campus card program.
Read more here.