CUYAHOGA FALLS: The Cuyahoga Falls Library’s former deputy fiscal officer is accused of embezzling nearly $350,000.
Theresa M. Karm, 54, of Tallmadge, made an initial appearance before Stow Municipal Court Judge Kim Hoover on one count each of theft and theft in office. Both are third-degree felonies.
If convicted, Karm could serve up to 18 months in prison on each charge.
Police said the charges are the culmination of a three-month investigation that began when financial discrepancies were found during an audit of the public library’s books.
Karm is accused of stealing the money beginning in 2007.
Library Director Kevin Rosswurm said via email that he can say little about the situation because of the pending criminal charges. Rosswurm said Karm was fired from her job March 13.
The Falls Library’s Facebook page announced an opening for a new fiscal officer in April.
According to the library’s website, about 45 percent of its funding comes from property taxes. The rest is obtained through the state’s library fund.
In May 2011, voters passed a five year, 1.9-mill replacement levy, which costs the owner of a $100,000 home just over $50 a year.
“Tax dollars were and are both safe and secure,” Rosswurm said in his statement.
He added that some procedures at the library have been changed to prevent further thefts.
“We have revised our cash handling procedures since Ms. Karm was fired,” Rosswurm said. “We now have double and triple checks on cash collections and deposits.”
Karm is free on a $10,000 bond. She could not be reached for comment.
Karm is scheduled for a preliminary hearing Friday before Judge Lisa Coates.