Embezzlement consists of the embezzling or converting to his own use anything of value, which he has been entrusted, with fraudulent intent to deprive the owner thereof. Each separate incident of embezzlement or conversation constitutes a separate and distinct offense. Whoever commits embezzlement when the value of the thing embezzled or converted is two hundred fifty dollars or less is guilty of a petty misdemeanor. (Ord. 1864-2007 § 2(E), 2007: Ord. 1802-2004 § 2(part), 2004).