Iowa Finance Authority audit questions spending decisions

DES MOINES, Iowa-  A state audit of the Iowa Finance Authority has uncovered about a half million dollars in spending that "did not meet the test of public purpose" according to the report.   

The report finds a number of management decisions by former Executive Director Dave Jamison which were deemed to be not in the best interest of taxpayers.

Governor Reynolds fired Jamison in March over sexual harassment allegations.

The State Auditor reviewed the IFA for the period of January 1, 2016 through March 31, 2018.

The review included an examination of Jamison's use of a personal PayPal account to collect agency fees.

The audit finds concerns about a lease for office space, entered into by IFA before Jamison's termination.

The audit found some of Jamison's decisions resulted in unnecessary costs to taxpayers, including certain travel costs, leasing vehicles, and payroll increases.

The audit found IFA offices were moved without disclosing the cost savings of renovation costs to the IFA Board and Executive Council, delegating spending authority to other IFA employees, leasing vehicles at greater cost than other available options, and providing employees step or merit increases in excess of typical amounts and after an employee's promotion.

To read the full report click HERE.

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