JEFFERSONVILLE, Ind. (AP) – A southern Indiana civic group's former treasurer faces charges alleging that he embezzled nearly $100,000 intended for college scholarships.

Forty-nine-year-old Keith Sellmer of Clarksville was formally charged last week with 15 counts each of theft and forgery and released after posting bond.

The News and Tribune reports (http://bit.ly/1GOMa5M ) Sellmer had been treasurer of the Jeffersonville Jaycees when he deposited $100,000 from the sale of a building into a Jaycees bank account intended for college scholarships.

Authorities allege bank records show 11 checks totaling more than $86,000 shifted that money from the Jaycees' bank account to Sellmer's personal account.

But State Police say the Jeffersonville Jaycees' losses totaled nearly $97,000.

A message seeking comment was left Wednesday for Sellmer's attorney, Timothy Gray.