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Hearing


Joint Legislative Audit Committee

The committee held a public hearing on a proposed audit of Forestry Account and Forestry-Related Expenditures and report 17-9, Wisconsin Economic Development Corporation. The committee also held an executive session on the proposed audit and LRB-4557/1 and LRB-4586/1 relating to: audits performed by the Legislative Audit Bureau and LRB-3593/1 and LRB-4211/1 relating to: the supervised business initiatives program.

October 24, 2017 | 12:00 p.m. | 411 South, 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