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A former Regional School Unit 67 employee is facing a felony-level theft charge after the Lincoln-based school district’s leaders uncovered more than $10,000 in financial irregularities, police say.

Adam Mahaney, 43, of Lincoln, was arrested Tuesday, the Lincoln Police Department said in a news release. He is charged with theft by unauthorized taking or transfer, a Class B felony, and misuse of entrusted property, a Class C felony.

Police say the investigation began last month after Superintendent Mike Harvey contacted the department about “suspected financial irregularities” that involved Mahaney.

Mahaney worked as a payroll clerk and accounts receivable specialist for the district from May 2025 through this August, RSU 67 said in a Wednesday statement. His duties included processing the district’s payroll, police said.

The district said that after Mahaney left his job on Aug. 17, school leaders became aware of “several suspicious transactions” made during the previous school year and immediately informed police.

The statement described Mahaney’s departure as a “separation” and did not indicate whether he was terminated or left voluntarily. Harvey did not respond Wednesday afternoon to a request to clarify the circumstances of Mahaney’s exit.

The district said it is fully cooperating with investigators and has taken steps to safeguard its financial accounts, and noted that Mahaney is no longer associated with RSU 67 “in any capacity.”

“The board of directors and administration of Regional School Unit No. 67 believe in the importance of maintaining the public’s trust through ensuring public funds are not misused and will prosecute any incidents of this nature to the full extent of the law,” the district wrote.

Attempts to reach Mahaney were unsuccessful Wednesday night.

Mahaney was also previously the head coach of the Mattanawcook Academy boys’ basketball team and the director of the Old Town Recreation Center, WABI reported.

Class B felonies are punishable by up to 10 years in prison, a fine of up to $20,000 or both; Class C crimes carry up to five years in prison or a fine of up to $5,000.

Anyone with information related to the case is asked to contact Lincoln police at 207-794-8455.