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The city of Philadelphia is still missing tens of millions of dollars in taxpayer money
Philadelphia City Councilman Allan Domb wants to know where the missing millions has gone and why the city didn't reconcile its accounts for at least seven years. (Image source: Video screenshot)

The city of Philadelphia is still missing tens of millions of dollars in taxpayer money

The city of Philadelphia is still trying to figure out what happened to tens of millions of dollars that have gone missing from its payroll and general disbursement accounts, KYW-TV reported.

City Controller Rebecca Rhynhart demanded last month that the city's Finance and Treasury Department take responsibility to find $33.3 million in missing cash.

This city enlisted the help of an outside firm at the cost of $500,000, which has managed to find $5.8 million or about 17 percent of the missing funds.

And Councilman Allan Domb has made it his mission to find out where the remaining $27.5 million in taxpayer money has gone.

What's the story?

Rhynhart, who took office in January, previously told the news outlet that her predecessor noticed problems with the accounts as far back as 2014.

But as it turns out, those cash accounts haven't been reconciled in years.

“Anyone in business or an individual who doesn’t reconcile at the end of the month, let alone 60 days later, has a huge problem,” Councilman Allan Domb said.

Domb questioned the city's Treasury Department employees who appeared to have little explanation as to why no one tracked the accounts.

“We didn’t reconcile for seven years the payroll account? Why did that happen?” Domb asked employees last month.

“Well, one, I can’t speak to historically as to why, but this is why one of the reasons we have an outside consulting firm coming in,” the employee answered Domb during the hearing.

What do taxpayers say?

Taxpayers aren't too happy about it.

“I’m a lifelong resident of the city. I work in the city and this is really disappointing,” Rocco Sciulli told the news outlet.

And there's resentment for the mishandling of the money.

“I’m very resentful about it because we work hard to pay those taxes,” Julia King said.

What else?

The City Council will meet with Treasury Department officials Wednesday for an update on the search.

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