2019 Audit Results Announced
Friday, December 06, 2019
Ottumwa Economic Development Corp. has received the results of its 2019 audit, and is pleased to announce that once again, OEDC has presented fairly in accordance with generally accepted US accounting standards. An audit involves performing procedures to obtain evidence about the amounts and disclosures in the financial statements. Highlights include the sale of 8.53 acres to Alliant Energy for the development of a state-of-the-art substation, and the acceptance of over $218,000 in grants for Talent Attraction, Business Attraction and Industrial Development purposes. An annual report, including balance sheet, is available on the OEDC website homepage under the "About" tab, or click on the link below.
As Ottumwa Economic Development Corp considers it's role in the potential new structure within Greater Ottumwa Partners in Progress, OEDC will play a role in redefining job responsibilities, consolidating business practices, and improving financial and other capital resources and investments. OEDC expects to continue leading the organization in the areas of target industry attraction and prospecting, infrastructure and land preparation, regional economic development collaboration, and countywide readiness.
For a copy of the full report, visit: