In People v. Redondo (1993) 19 Cal.App.4th 1428, the defendant did not take title to the city-owned automobile, but only used it for his own purposes. ( Id. at p. 1439.) Section 514 provides that embezzlement of "public funds" is a felony "punishable by imprisonment in the state prison." But embezzlement of a publicly owned automobile worth more than $950 is not embezzlement of "public funds." Public funds refers to "cash and negotiable paper that can be converted to cash at any time without loss." (Id. at p. 1437.) The embezzlement of a publically owned automobile falls within the alternative punishment provision of section 514 and consequently "is punishable in the manner prescribed for theft of property." ( 514; Redondo, at p. 1439.)