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What's New
Governor's Read to Lead Development Fund — We have completed a statutorily required financial review of the Governor's Read to Lead Development Fund, which was created to provide grants in support of literacy and early childhood development programs. The Fund incurred no expenditures during FY 2013-14. Literacy program grants totaling $204,926 that were awarded to seven recipients will be paid in the future both from the Fund and from general purpose revenue statutorily designated for this purpose. Send Comments or Questions Full Report (PDF 715 K)
Wisconsin Economic Development Corporation — We have completed certain analyses related to WEDC's financial management and updated information that, when combined with report 13-7, fulfill our statutory requirement to biennially conduct a financial audit of WEDC. We include recommendations to further improve WEDC's financial management, including its efforts to monitor loans. Send Comments or Questions Full Report (PDF 1,026 K)
If you need help opening a report file, please contact the Webmaster at leg.audit.info@legis.wisconsin.gov or call (608) 266-2818.
Wisconsin Lottery — We provided an unmodified opinion on the Wisconsin Lottery's financial statements for FY 2012-13 and FY 2011-12. Lottery ticket sales increased from $547.6 million in FY 2011-12 to $566.1 million in FY 2012-13, or by 3.4 percent. We found that the Wisconsin Lottery was in compliance with statutory spending limitations related to prizes, product information, administrative expenses, and retailer compensation. Send Comments or Questions Full Report (PDF 1,111 K)
State of Wisconsin Investment Board — As of December 2013, SWIB had $101.3 billion in assets under management, and investment returns for the two funds of the Wisconsin Retirement System exceeded five-year benchmarks. Although it is too soon to fully evaluate SWIB's new investment strategies, initial results have been mixed. We include recommendations for SWIB to report additional information to the Legislature on its investment strategies, Wisconsin investments, and compensation. Full Report (1561 K)
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Legislative Audit Bureau
22 E. Mifflin Street, Suite 500
Madison, WI 53703
Phone: (608) 266-2818
Fax: (608) 267-0410
leg.audit.info@legis.wisconsin.gov
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About the bureau
The Legislative Audit Bureau is a nonpartisan service agency that conducts financial and program evaluation audits of state agencies.
To learn more about the bureau click here.
About our reports
Our reports typically contain reviews of financial transactions, analyses of agency performance or public policy issues, and recommendations for improvement.
To learn more about our reports click here.
About the Legislative Audit Committee
Reports are submitted to the Joint Legislative Audit Committee, which may arrange public hearings and introduce legislation in response to our recommendations.
To learn more about the Audit Committee click here.