Report: More than $300,000 stolen from Starmont Schools - KWWL - Eastern Iowa Breaking News, Weather, Closings

Report: More than $300,000 stolen from Starmont Schools

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ARLINGTON (KWWL) -

The former business manager for the Starmont Community School District has been arrested, accused of stealing more than $220,000 from the district.

Vicki Deen Vanter, 61, of Strawberry Point, was arrested Thursday morning after a six-month long investigation.

According to a report released by Iowa State Auditor David Vaudt, Vanter used the money to increase her salary, pay off credit cards, pay off a car and fund her daughter's college expenses.  In all, Vanter is accused of improperly spending $229,501.31 of the district's money.

Former superintendent Gary Stumberg is accused in the report of misusing $133,120.92 of district money.  Stumberg, who has not been arrested or charged, is accused in the report of improperly increasing his salary. 

District officials asked for the special audit in 2010 after noticing that their financial position was declining.

Vanter is charged with one count of first degree theft.  She is being held in the Fayette County Jail on $25,000 bond.  She faces up to 10 years in prison and will have to pay restitution if convicted.

The Fayette County Sheriff's Office says the investigation continues and more charges could be filed and more arrests could be made.

The Starmont Community School District released a statement Thursday and they say, "fiscal integrity and public accountability are District priorities. No current district employees were involved in the discrepancies identified in the report."

They also say that have worked with other school districts, legal counsel and the state auditor to improve internal controls.

The district has submitted a claim to their insurance company for the losses and will use the money to restore funds to the appropriate accounts.

To see the full auditor's report, visit http://auditor.iowa.gov/specials/1030-6175-BE00.pdf.

Watch the KWWL News at Noon, Five and Six for more on this developing story. 

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