A $2,350 theft? I suppose once it's past gate security it can be federalized. Under the federal sentencing guidelines a $2,350 theft will get you...no jail time whatsoever, other than the few hours in lockup prior to appearing before the magistrate. In local/state court? A $2,350 theft will get you no jail time whatsoever, except the detention prior to initial appearance.
The felony maximum has nothing in common with the actual sentence in federal or state/local court. I'm guessing you understand that, but I question whether the general public does. The media reports the maximum listed sentence, which does not equate with reality. Then the media expresses shock that there was not a prison sentence for an under $5,000 crime.
Btw, try to get your local police to investigate or prosecute a $5,000 fraud committed by someone who is not famous and a media talking point. Or get the feds to prosecute a straight fraud under $250,000. There just aren't enough resources to address all of the lower dollar crimes out there.
On the bright side; this guy/gal was in a leadership position and is clearly a scumbag, so prosecuting, exposing, and removing from the position is an excellent outcome. In this case those are heavy and necessary consequences.