Wednesday, June 19, 2013

The latest local news, weather and high school sports from the Heartland

State audit shows Iowa resort ran in red last year
Posted: 01.07.2011 at 3:23 PM
2
Photo

DES MOINES, IOWA (AP) -- A state audit shows the Honey Creek Resort in southern Iowa had a deficit of more than $46,000 in fiscal 2010.

The audit released Friday by Iowa Auditor David Vaudt says the resort reported the operating loss for the 12 months ending June 30, 2010.

The 2010 audit shows revenue of $5.72 million and expenses of more than $5.76 million.

In its first audit, for the year ending June 30, 2009, the resort was almost $900,000 in the red.

The $58 million resort has a lodge, cabins, golf course and indoor water park. It sits on the bank of Rathbun Lake near Moravia in south-central Iowa.

Honey Creek Resort State Park is owned by the state. Central Group Cos., Inc., was hired by the state as manager.

---

Online:

Auditor report: http://auditor.iowa.gov/reports/1160-5420-BC01.pdf 

Resort: http://www.honeycreekresort.com/

(Copyright ©2011 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
One in custody following report of a domestic disturbance
KTVO Newsdesk  |  Yesterday at 3:01 PM  |  2 comments
Thumbnail
Alleged molester has sex crime history
KTVO Newsdesk  |  2 hours, 53 minutes ago  |  6 comments
Thumbnail
Oskaloosa man enters plea in death of infant
KTVO Newsdesk  |  Yesterday at 2:04 PM  |  2 comments
Follow Heartland Connection
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Best Bets Home & Ag
Home and Ag information from our experts
Senior of the Month
View and Nominate here
Your next car
View inventory from Lovegreen Ford Chrysler
Funeral Announcements
Announcements from area funeral homes
ADVERTISEMENT