Legislative Audit Bureau: Announces the release of report 19-17, Department of Employee Trust Funds as well as reports 19-18 through 19-20, employer reporting for certain benefit programs

The Bureau announces the release of report 19-17, Department of Employee Trust Funds.

We provided unmodified opinions on the financial statements for the separate funds presented in the Department of Employee Trust Funds’ (ETF’s) 2018 Comprehensive Annual Financial Report, which can be found on its website. ETF’s financial statements present 11 separate funds used to account for the financial position and activity of the various benefit programs available to state and local public employees. These programs include the Wisconsin Retirement System and health and life insurance programs for active and retired employees of the State and participating local governments.

Briefing Sheet

A mobile-friendly version of the briefing sheet is also available:

Mobile Briefing Sheet

The Bureau has also released reports related to Employer Reporting for Certain Benefit Programs:

 

 

We provided unmodified opinions on the employer schedules prepared by the Department of Employee Trust Funds for the Wisconsin Retirement System, the State Retiree Life Insurance program, and the Local Retiree Life Insurance program as of and for the year ended December 31, 2018.  The schedules report a net pension liability for the Wisconsin Retirement System and an other postemployment benefit (OPEB) liability for both the State Retiree Life Insurance program and the Local Retiree Life Insurance program. These schedules were prepared to assist participating employers, including the State of Wisconsin, in preparing their own financial statements in accordance with generally accepted accounting principles.

Briefing Sheet   

A mobile-friendly version of the briefing sheet is also available:

Mobile Briefing Sheet

For additional information, please contact the Audit Bureau at (608) 266‑2818.

Report fraud, waste, and mismanagement to 1-877-FRAUD-17.

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