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Petroleum Inspection Fee Revenue Obligations Program

Fiscal Year 2014-15
Report 15-14 | September 2015

SUMMARY

We provided an unmodified opinion on the FY 2014-15 and FY 2013-14 financial statement of the program, which issued revenue bonds and other debt to fund claims under the Wisconsin Petroleum Environmental Cleanup Fund Award (PECFA) program. As of June 30, 2015, outstanding revenue obligations totaled $139.2 million, which is to be repaid using a $0.02 per gallon fee imposed on suppliers of petroleum products sold in Wisconsin.