Wis. Admin. Code § Tax 13.09 — Audits

Tax 13.09(1) (1) All funds received from the board shall be placed in a segregated account. The board may require financial audits of the recipients of payments under s. 70.395 (2) (d) through (g) , Stats. The financial audit may be conducted as part of a municipality’s annual audit, if one is conducted. The costs of the audits shall be paid by the board from the appropriation under s. 20.566 (7) (g) , Stats. The audits shall consist of 3 parts:

Tax 13.09(1)(a) (a) An examination of the municipality’s financial statements to assess the fairness with which they were reported;

Tax 13.09(1)(b) (b) An evaluation of the expenditures to ensure that the grant funds were used for mining impact activities and complied with the grant contract and state laws and rules; and

Tax 13.09(1)(c) (c) A review of the municipality’s internal accounting system to determine whether the grant was carefully managed, and where needed, provide suggestions to improve in-house procedures.

Tax 13.09(2) (2) The board shall attempt to insure that all grant recipients are audited periodically. In determining whether a grant recipient is to be audited in a particular year, the board shall give priority to:

Tax 13.09(2)(a) (a) Grant recipients whose expenditure reports indicate that a financial accounting, compliance, or management problem exists.

Tax 13.09(2)(b) (b) Grant recipients who have received grants of $25,000 or more for a given project or for a given year.

Tax 13.09(2)(c) (c) Any other circumstances which might indicate that an audit would be in the public interest.