Saturday, November 26, 2011

Comptroller Franchot reports MCPS has lost track of financial property

According to the Maryland Comptroller's Unclaimed Property Web Site, MCPS has lost track of at least four of their bank accounts or other financial accounts.  A search for MCPS (in the Last Name field) yields a list of accounts that MCPS has reportedly forgotten about for three or more years.

As required by state law, the funds from the four abandoned MCPS accounts have been forwarded to the State Comptroller's office, waiting for their rightful owner to submit a claim.

The forgotten MCPS accounts are shown below.

Claim No. Last Name First NameMI  Address
01011542 MCPS DIVISION OF ACCOUNTING   850 HUNGERFORD DR
01151370 MCPS DIVISION OF ACC  850 HUNGERFORD DR
01494623 MCPS SCHOOL PROF LIB  850 HUNGERFORD DR
01889927 MCPS STAFF DEVELOPME  850 HUNGERFORD DR SUI

Searches for individual MCPS school names reveal numerous additional accounts that have been turned over the State Comptroller's Office. Entities related to Walter Johnson High School appear to have lost track of at least three accounts.  And a search for "Wheaton High School" yields a list of five accounts, although at least one of the accounts appears to be affiliated with a school reunion group.

Sloppy account tracking isn't unique to MCPS.  Additional searches of the Comptroller's Unclaimed Property Web Site reveal numerous forgotten accounts that belong to Montgomery County government, Maryland State agencies, and even the Montgomery County Council of PTAs.

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