Annual Comprehensive Financial Report (ACFR)

The State Controller's Office in the Department of Administration publishes the Annual Comprehensive Financial Report (ACFR) 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 ACFR 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.

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