Kenney appoints task force to account for missing millions

Former City Controller Jonathan Saidel will serve as co-chair.

Mark Abrams
June 19, 2018 - 1:45 pm
Former City Controller Jonathan Saidel will co-chair mayor's Reconciliation Task Force.

KYW Newsradio

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PHILADELPHIA (KYW Newsradio) — Mayor Jim Kenney has formed a task force to oversee the city's efforts to account for tens of millions of dollars identified by a controller's audit as missing from its largest cash account.

City Controller Rebecca Rhynhart identified the $33 million deficit in the account, called the situation unacceptable, and demanded city officials take action.

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Kenney says his administration takes the matter seriously, is working with staff and an outside auditing firm to track the funds, and decided to appoint a task force to oversee the process.

"The money's not missing," Kenney said. "It's in an appropriate account somewhere. It just needs to be reconciled. It's like not balancing your checkbook for five, seven, ten years."

Former City Controller Jonathan Saidel, who is a certified public accountant and a lawyer, will serve as co-chair of the task force.

"What's important to me is that the situation is reconciled and that there are internal procedures placed so that this never happens again," Saidel said.

Saidel says the missing $33 million isn't stashed in somebody's basement somewhere, but is more likely a product of poor accounting procedures.