Coral Gables Federal Savings & Loan Ass'n v. City of Opa-Locka

NESBITT, Judge.

Coral Gables Federal Savings and Loan Association (CGS & L) appeals from the trial court’s final judgment finding it liable to the City of Opa-Locka. We affirm.

The City of Opa-Locka employed Lou Ann Johnson as the Finance Director. Johnson controlled two bank accounts at CGS & L, designated “water deposits” and “waste deposits,” which were used to deposit predominantly cash payments made by city residents. When the payments were received, Johnson would have a clerk prepare a deposit slip. Johnson would then personally deposit the funds in the city's accounts at CGS & L.…