The Bureau announces the release of report 17-8, Revenues, Expenditures, and Capital Projects, Wisconsin Veterans Home at King.
We found that the Wisconsin Veterans Home at King (King) generated operating revenue of more than $8.0 million in excess of its expenditures each year from FY 2011‑12 through FY 2015‑16, and had a cash balance of $35.2 million at the end of FY 2015‑16. Over this same period, capital project expenditures for King totaled $20.2 million. From FY 2003‑04 through FY 2015‑16, a total of $55.0 million was transferred from King’s institutional operations account to other accounts that do not directly benefit King, including transfers of $28.4 million to the Wisconsin Veterans Home at Union Grove and $20.1 million to the Veterans Trust Fund.
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