Economic agency lacked spending documentation

Published September 19, 2014 8:33pm ET



MADISON, Wis. (AP) — Wisconsin’s semi-private job creation agency lacked supporting documentation justifying spending on expenses and grants during the first two years of its existence, according to a report released Friday.

The Legislative Audit Bureau’s report examined the Wisconsin Economic Development Corporation’s finances over fiscal years 2011-12 and 2012-13. Auditors found the agency’s spending on administrative expenses such as salary, marketing and travel grew from $11.2 million in the first year to $15.1 million in the second.

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