State Auditor David Vaudt is stepping down after he was elected chairman of the Governmental Accounting Standards Board.
Vaudt made the announcement Thursday morning that he would resign his current position.
“Right now, our state books are in the black, our current state budgeting practices, if maintained will keep state government on sound financial footing long into the future. I take great pride and satisfaction in knowing I helped achieve this outcome,” said Vaudt.
Gov. Terry Branstad thanked Vaudt for his service as the state’s auditor.
“David Vaudt has been a dedicated public servant for the taxpayers of Iowa, and we will miss his incredible work as steward of our tax dollars. David embodied the principles of good budgeting, including not spending more than we take in, and avoiding the use of one-time money for ongoing expenses,” said Branstad.
Branstad says it will be difficult to replace Vaudt but the search begins immediately. The law allows Branstad to appoint an auditor to fulfill the current term. The next auditor election will be held in 2014.