What was the specific financial mismanagement that occurred with the Mahadeva temple renovation funds?

According to the story narrated by Baba in Chapter 47, a wealthy man was appointed manager for a temple renovation. A large subscription was raised and placed in his hands. However, being 'the embodiment of stinginess,' he spent the collected money but left the work half-done, refusing to spend a penny of his own. The townspeople, seeing the project stall, collected more subscriptions and gave them to him, hoping he would complete the work. Despite this second infusion of cash, the wealthy man 'made no use of it' and 'sat quietly,' completely betraying the trust of the people who had contributed.