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Hearing


Joint Legislative Audit Committee

The committee held a public hearing on reports 17-8, Revenues, Expenditures, and Capital Projects, Wisconsin Veterans Home at King and 17-14, Wisconsin Veterans Home at King and related follow-up.

October 10, 2017 | 10:00 a.m. | 412 East, State Capitol • Madison, Wisconsin

Note: Interested persons may access the hearing archive at www.wisconsineye.org.
Audit Bureau presentation materials can be accessed here.

 

 

Released Reports


Wisconsin Retirement System Reporting for Participating Employers

Report 17-17 | September 2017

We provided unmodified opinions on the Schedule of Employer Allocations for the Wisconsin Retirement System (WRS) and the specified total amounts on the Schedule of Collective Pension Amounts for the WRS, and the related notes, for calendar year 2016. Our independent auditor’s report is included with the Department of Employee Trust Funds (ETF) report, which can be found on ETF’s website. ETF prepared the schedules to assist participating WRS employers in reporting their proportionate share of the $0.8 billion net pension liability, as well as other amounts, in their financial statements. Because of an error made by ETF in preparing and presenting certain amounts in one of the schedules, we report a significant deficiency and include a recommendation for ETF to improve its processes.

Briefing Sheet
mobile version | Report

 


Wisconsin Retirement System

Report 17-16 | September 2017

We provided an unmodified opinion on the Wisconsin Retirement System (WRS) financial statements and related notes for calendar year 2016. Our independent auditor’s report on the financial statements is included with the Department of Employee Trust Funds (ETF) report, which can be found on ETF’s website. The fiduciary net position of the WRS increased from $88.5 billion as of December 31, 2015, to $92.6 billion as of December 31, 2016, or by 4.6 percent. This increase is primarily the result of an increase in investment income.

Briefing Sheet
mobile version | Report