Joint Legislative Audit Committee
State Investment Fund
Report 17-3 | February 2017
We provided an unmodified opinion on the financial statements of the State Investment Fund for the year ended June 30, 2016. The Fund invests the excess operating funds of state agencies, the WRS, and the Local Government Investment Pool. The net position of the Fund increased from $7.9 billion as of June 30, 2015, to $9.5 billion as of June 30, 2016. The financial statements and our auditor's opinions are published separately in the State of Wisconsin Investment Board's State Investment Fund Annual Financial Report.
Briefing Sheet • mobile version | Report
State Highway Program
Report 17-2 | January 2017
DOT's expenditures for state highways increased from $739.7 million in fiscal year (FY) 1996-97 to $2.1 billion in FY 2015-16. DOT budgeted to complete more major highway project work than could be completed with available funding because it did not sufficiently take into account the effects of inflation and unexpected cost increases. We found DOT could take additional steps to control program costs, including by consistently using its performance measures to manage and improve its operations. We include recommendations that will help DOT use its funds more effectively and improve how it manages the planning, engineering, construction, and maintenance of state highways.
Briefing Sheet • mobile version | Highlights • mobile version | Report