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.