|THE ABC MADE THE LIST LAST YEAR|
The ABC had unclaimed funds from a credit card account with Citibank and did not know about it until another DFA department sent them an email in November 2015.
Each November 1st of each year, holders with unclaimed property must file a report with the Auditor of State and remit all property outstanding for one to five years on their books as of June 30 of that year. The auditor then has three years in which to attempt to locate the rightful owner before the funds are deposited into the State General Fund where they continue to be held for the benefit of the rightful owner.
As the current ABC main office staff has been there since Moby Dick was a minnow someone must have overpaid a credit card bill for funds to be held by Citibank.
Hint to ABC staff: You have to review statements and pay attention to what you are doing with public funds.