The State Controller's Office publishes the State of Wisconsin Annual Fiscal
Report each year pursuant to Sec. 16.40(3), Wisconsin Statutes. The Annual
Fiscal Report (AFR) is a report of actual financial data for the fiscal year
against the budget as reflected in Chapter 20 of the Wisconsin Statutes.
The report is not intended to display accounting information in accordance with
Generally Accepted Accounting Principals (GAAP). The State's Comprehensive
Annual Financial Report (CAFR), which is prepared in accordance with GAAP is
issued under a separate cover.