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Comprehensive Annual Financial Reports


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The State Controller's Office in the Department of Administration publishes the Comprehensive Annual Financial Report (CAFR) for each state fiscal year.  The report is prepared on a Generally Accepted Accounting Principles (GAAP) basis.   The adoption of GAAP by the State of Wisconsin for financial reporting purposes serves to present the State’s financial position in a business-like manner. GAAP reporting accurately measures financial operations, fully discloses financial position, provides an externally accepted presentation, and provides information for financial managers.

The State of Wisconsin CAFR has received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) each year since state fiscal year 1996.