SUMMARY

We provided an unmodified opinion on the Petroleum Inspection Fee Revenue Obligations Program’s financial statement for FY 2015-16 and FY 2014-15. The program was established to provide financing to pay claims under the State of Wisconsin Petroleum Environmental Cleanup Fund Award (PECFA) program. A $0.02 per gallon fee charged for petroleum products received for sale in Wisconsin will be used to repay the $112.6 million in revenue obligations outstanding as of June 30, 2016. 2015 Wisconsin Act 55 sunsets the PECFA program, but debt will remain outstanding until fully repaid.