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— WHEFA has a strong financial position, including a surplus balance of $3.1 million as of June 30, 2009. WHEFA Board actions to increase compensation for the Executive Director have had the effect of circumventing a statutory salary limit for the position.
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Letter Report (PDF 214K)
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If you need help opening a report file, please contact the Webmaster at leg.audit.info@legis.wisconsin.gov or call (608) 266-2818.
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— We expressed unqualified audit opinions on the State of Wisconsin Investment Board's FY 2008-09 financial statements. Our opinions are included in the Investment Board's Fiscal Year 2009 Annual Report.
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Summary
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— Enrollment in virtual charter schools has increased every year since they began operating in Wisconsin. These schools spent an estimated $17.8 million on operations in the 2007-08 school year. Virtual charter school pupils typically scored higher than other public school pupils in statewide reading assessments, and lower in mathematics. The 5,250 pupil limit on open enrollment in virtual charter schools will likely be reached in the next few years.
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