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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 (1561K)
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Energy Assistance and Weatherization Assistance Programs — These programs provide low-income individuals and families with financial assistance to offset energy costs and services to reduce energy consumption. In fiscal year (FY) 2012-13, 222,470 households received energy assistance, 7,471 dwelling units were weatherized, and expenditures for the programs totaled $217.1 million. We include recommendations for the Department of Administration to implement policies that will improve program integrity and oversight. Full Report (PDF 1,502K)
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Health Insurance Risk-Sharing Plan (HIRSP) Authority — We provided an unmodified opinion on the HIRSP Authority's 2013 financial statements. 2013 Wisconsin Act 20 included provisions to dissolve the HIRSP Authority and end HIRSP insurance coverage. Subsequently, 2013 Wisconsin Act 116 extended insurance coverage through March 31, 2014. Act 116 also transferred administrative responsibility for the operations and eventual dissolution of HIRSP to the Office of the Commissioner of Insurance. Send Comments or Questions Full Report (PDF 1,206K)
Legislative Audit Bureau
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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.
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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.