Wipfli LLP released an audit report on Southern Iowa Economic Development Association doing business as Sieda Community Action in Ottumwa, Iowa. Sieda’s financial statements, as audited by Wipfli LLP, reported that the Agency had revenues of $9,935,035 for the year ended June 30, 2020, which was a 9% decrease from the prior year. Support included $9,628,920 from governmental contracts, $276,780 from in-kind contributions, and $29,335 from other sources. Expenditures for the Agency totaled $9,970,845 which was a 8% decrease from the prior year. Programs administered by the Agency include $526,673 for Weatherization, $2,688,464 for Low-Income Home Energy Assistance Programs, $3,188,444 for Head Start and $1,346,471 for Substance Abuse Programs. The audit reported no findings or material weaknesses. A copy of the audit report is available for review in the Agency’s office, in the Office of Auditor of State and on the Auditor of State’s web site at http://auditor.iowa.gov/reports/index.html.
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