Former IFA Executive Director Dave Jamison

Iowa Governor Kim Reynolds in late March terminated Dave Jamison as Executive Director of the Iowa Finance Authority due to credible complaints of sexual harassment. The Des Moines Register reported in April that a former executive said she had been forced to resign in 2016 after she raised questions about fiscal mismanagement and improper accounting procedures.

The Iowa Finance Authority ordered a review of Jamison’s time as the director as a result. The agency released the results of the first of two forensic and internal control examinations to be performed by Eide Bailly LLP. The initial review which looks at Jamison’s time as Director between 2015-2018 showed that appropriate internal controls are in place to prevent fraud, waste or abuse over accounts payable, corporate credit charges, employee expense reimbursements, travel payment vouchers and IFA’s PayPal accounts.

“We give any allegation of misconduct due diligence,” Iowa Finance Authority Interim Executive Director Carolann Jensen said. “Eide Bailly was specifically tasked with investigating the financial management concerns raised by a former IFA employee. Upon reviewing the report, I’m confident that no financial mismanagement occurred, as alleged.”

Specific findings related to the former IFA employee include:

  • No spending authority limit violations were identified.
  • Corporate credit card use, expense reimbursements, and travel payment voucher expenditures were business-related.
  • PayPal accounts used by IFA are business accounts and all funds deposited into these accounts have been deposited into IFA’s general fund Wells Fargo Bank account.

Jamison’s tenure is being examined by others as well.

Iowa State Auditor Mary Mosiman announced a limited review in May, but the results have not been released yet. Governor Reynolds also ordered a review of IFA’s work environment preceding Jamison’s firing. Her office hired attorney Mark Weinhardt to investigate Jamison’s conduct and, according to the state agreement with Weinhardt, the “degree to which inappropriate conduct of Mr. Jamison was known in the Authority or elsewhere in state government and the response or lack thereof.” That report when completed will be submitted to the Iowa Legislature.

While no misconduct was found, the report did show several local hotel stays paid by Jamison, who lives in Ames, on his IFA Wells Fargo card which are questionable.

  • 2/3/2016 – A one-night stay at Staybridge Suites in Des Moines had no explanation.
  • 12/5/2016 – A one-night stay at Marriott in Des Moines had no explanation.
  • 12/8/2016 – A two-night at the Staybridge Suites in Des Moines. The first night was because he arrived in Des Moines at 9:45p and had a work event at 8:30a the next morning, and the second night Jamison had a work dinner on his schedule from 6:00p – 8:00p.
  • 3/10/2017 – A one-night stay at the Fairfiled Inn in Des Moines due to arriving in Des Moines at 9:45a and having a work event at 8:00a the next morning.
  • 11/9/2017 – A two-night stay at the Holiday Inn in Des Moines. The first night attended a conference reception the night of the first stay and was scheduled to be at the conference at 8:30a the next morning. The second night had no explanation.
  • 2/1/2018 – A one-night stay at the Residence Inn in Des Moines because he had an outgoing flight at 6:00a the next morning.

Read the full report below:

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