Honey Creek lost money in fiscal 2012

Discussion

December 7, 2012

Honey Creek lost money in fiscal 2012

MATT MILNER CNHI The Zope Gazette Fri Dec 07, 2012, 11:17 AM CST

MORAVIA — Honey Creek Resort in Moravia is still losing money, according to a new audit report.

The audit, released Thursday, covers the 2012 fiscal year. A "condensed financial information" assessment in the audit showed assets of $29.9 million comared to liabilities of $32.8 million. Both figures dropped compared to 2011. Revenues were also down slightly, from $1.48 million to $1.47 million.

Honey Creek has lost money each year since it opened in 2008 as Iowa's first state-funded resort park. Auditors wrote that the governing authority for the resort did make all debt service payments for the 2012 fiscal year.

Text Only

Community News Network

Is it really possible to not know you're pregnant until the birth?
Trish Staine had just finished running 10 miles while training for a half-marathon when she started going into labor. The mother of three said she hadn't gained any weight or felt any fetal movement in the months before and had no idea she was pregnant. Is it possible for a woman not to know she's pregnant before she starts giving birth?

June 17, 2013 1 Photo
VIDEO: Amphibious bus filled with tourists sinks
In Liverpool, England, a "duck bus" -- which is supposed to be amphibious -- sank while full of tourists.

June 17, 2013 1 Photo
State photo-ID databases become troves for police
The faces of more than 120 million people are in searchable photo databases that state officials assembled to prevent driver's-license fraud but that increasingly are used by police to identify suspects, accomplices and even innocent bystanders in a wide range of criminal investigations.

June 17, 2013 3 Photos
VIDEO: Miss Utah flubs answer on income inequality
Responding to an interview question in Sunday's Miss USA Pageant, Miss Utah Marissa Powell says the country needs to "create education better."

June 17, 2013 1 Photo
When trust in Uncle Sam takes a beating, workers are bruised
The recent spate of controversies - revelations about the massive collection of electronic data by the National Security Agency, the Internal Revenue Service's political targeting and conference scandals, and the seizure of Associated Press telephone records - undermines confidence in government.

June 17, 2013
VIDEO: You won't believe how much Google interns are paid
Many interns work for free. Not at Google.

June 14, 2013 1 Photo
Purchases by dementia sufferers put stores in quandary
An increasing number of lawsuits have been filed across Japan against department stores that allowed unusual purchases to be made by elderly people with dementia.

June 14, 2013 1 Photo
VIDEO: Plane slams through hangar after wrong turn
A small passenger plane crashed through a hangar at the Chino, Calif. airport after the pilot apparently lost control during an engine test.

June 14, 2013 1 Photo
Lucky customers pay only 44 cents a gallon for gas
Due to a technical error that lasted nearly two hours, premium pumps at a Marathon station were priced roughly $4 below where they should have been.

June 13, 2013
VIDEO: National anthem singer gets hit with racial tweets
After 11-year-old Sebastian De La Cruz sang the national anthem at game three of the NBA finals, rascist tweets poured in. Some tweets questioned De La Cruz's right to be in the country, to which he said: "People don't know, they just assume that I'm just Mexican, but I'm not from Mexico, I'm from San Antonio, born and raised."

June 13, 2013 1 Photo
More Community News Network Headlines

Community News Network

Search Results

Discussion

Honey Creek lost money in fiscal 2012

Should Phase II of Streetscape be delayed until after Nationals?

Site Map

Contact Us