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CATS chief financial officer resigns

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BATON ROUGE, La. (KNOE 8 News/AP) - The chief financial officer for the CATS bus system resigned following an investigation into thousands of dollars of missing fare box revenue.

Bob Mirabito, Capital Area Transit System interim CEO, announced Monday that he had accepted the resignation of CFO Gary Owens.

Owens said in an email afterward that he "certainly wasn't involved in any theft or misappropriation of funds" but chose to resign because the buck stopped with him on financial issues at CATS.

A month ago, Mirabito said he discovered money collected from buses was falling short of the amount it was supposed to be based on ridership.

Mirabito said he suspects theft, but after analyzing data and video, no single offender had been identified.

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