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Joint Legislative Audit Committee Hearing

The committee will hold a public hearing on the following items at the time specified below:

Tuesday, December 1, 2020
9:30 AM
412 East
State Capitol
Madison, Wisconsin

Audit Report 20-7: University of Wisconsin System
Audit Report 20-10: IT Needs Assessment, Procurement, and Security - University of Wisconsin System
Audit Report 20-11: IT Needs Assessment, Procurement, and Security - Department of Administration
Audit Report 20-12: Master Lease Program

Notes:

The Committee may also discuss follow-up reports received from the University of Wisconsin System dated November 13, 2020, related to report 20-7 and report 20-10. The Committee may also discuss a follow-up report received from the Department of Administration dated November 13, 2020, related to report 20-11. 

In observance of social distancing guidelines, seating in room 412 East will be limited. Members of the public may also observe the hearing through WisconsinEye coverage available at www.wisconsineye.org

State of Wisconsin Investment Board

Report 20-23 | November 2020

We completed an evaluation of SWIB by analyzing investment performance, assessing expenses, and examining staffing and staff compensation for 2018 and 2019. As of December 2019, SWIB managed $128.8 billion in assets, 90.5 percent of which were assets of the Wisconsin Retirement System (WRS). We recommend SWIB expand the manner in which it reports investment returns, improve its reporting of carried interest amounts, continue to assess and convert its contracted positions, and improve its overall data management. The Legislature could consider creating a statutory requirement for SWIB related to performing and reporting the results of stress tests of the WRS.

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