Financial negligence is an issue in many companies. This unfortunate situation may seem only to be an internal problem but it has negative impacts on the community as well. The trust that customers put into a company is directly affected by the behavior of not only top- level management but lower-level employees as well. The bottom line is companies need to be transparent about internal problems and let the public know what is being done about it.
- A report from the California State Controller found that Panoche Water District employees misspent funds, with several large purchases for personal use including 50 take-home vehicles.
- The district also owns a fleet of about 50 vehicles that all employees, including those in administrative positions, used for daily commuting.
- The report noted that since the end of fiscal year 2014-2015, the water district has taken substantial corrective action and updated its policies to cut down on such behavior.
“A report from the California State Controller found that Panoche Water District employees misspent funds, with several large purchases for personal use including 50 take-home vehicles.”