To make up for missed deadlines and late data from the state, Iowa Auditor Rob Sand this week had his office for the first time push out “single audit reports” for each of Iowa’s public universities to spare them from threats to federal funding and certifications that require annual financial reporting.

“Despite billions of dollars in surplus, the governor and Republican legislative majorities responsible for your tax dollars have for years undervalued their own financial management team that prepares the material that we review for required audits,” he said. “The bottom line is we cannot audit what we have not been provided.”

Fiscal responsibility is when you store all your surpluses under your mattress