State of Wisconsin
Department of Employee Trust Funds
Madison
November 25, 2009
To the Honorable, the Legislature:
I am pleased to present the Comprehensive Annual Financial Report (CAFR) of the Wisconsin Department of Employee Trust Funds (ETF) for the year ended December 31, 2007. Management is responsible for both the accuracy of the data and the completeness and fairness of the presentation. I hope you will find this report useful and informative.
This report is intended to provide comprehensive and reliable information about ETF, the WRS, and other benefit plans and trust funds administered by the Department. I would like to express my appreciation to the Governor, members of the legislature, members of the boards, staff, employers, participants, and all those whose efforts and interest combine to assure the successful operation of our system, while protecting the integrity of the trust funds.
Sincerely,
David A. Stella
Secretary
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State of Wisconsin
Legislative Audit Bureau
Madison
January 29, 2010
To the Honorable, the Assembly:
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We have completed a financial audit of WHA Television, as requested by the University of Wisconsin-Extension to fulfill the audit requirements of the Corporation for Public Broadcasting. The Corporation requires audited financial statements of public broadcasting entities to determine future funding levels.
WHA Television is licensed to the University of Wisconsin System's Board of Regents and is operated by the University of Wisconsin-Extension. WHA Television earned $15.5 million in revenues during fiscal year 2008-09, including state support, member contributions, funding from the Corporation for Public Broadcasting, and various other grants.
Our audit report contains WHA Television's financial statements and related notes as of and for the periods ended June 30, 2009, and June 30, 2008. We were able to issue an unqualified independent auditor's report on these statements. However, our report on internal control and compliance discusses the need for expanded procedures to more fully address proper accounting treatment for the acquisition of capital assets.
We appreciate the courtesy and cooperation extended to us by University of Wisconsin-Extension staff during the audit.
Respectfully submitted,
Janice Mueller
State Auditor
__________________
State of Wisconsin
Legislative Audit Bureau
Madison
January 29, 2010
To the Honorable, the Assembly:
We have completed a financial audit of WHA Radio, as requested by the University of Wisconsin-Extension to fulfill the audit requirements of the Corporation for Public Broadcasting. The Corporation requires audited financial statements of public broadcasting entities to determine future funding levels.
WHA Radio is licensed to the University of Wisconsin System's Board of Regents and is operated by the University of Wisconsin-Extension. WHA Radio earned $10.1 million in revenues during fiscal year 2008-09, including state support, member contributions, funding from the Corporation for Public Broadcasting, and various other grants.
Our audit report contains WHA Radio's financial statements and related notes as of and for the periods ended June 30, 2009, and June 30, 2008. We were able to issue an unqualified independent auditor's report on these statements. However, our report on internal control and compliance discusses the need for expanded procedures to more fully address proper accounting treatment for the acquisition of capital assets.
We appreciate the courtesy and cooperation extended to us by University of Wisconsin-Extension staff during the audit.
Respectfully submitted,
Janice Mueller
State Auditor
