SB 511

This bill eliminates the requirement that the Legislative Audit Bureau perform

a financial audit of the local government property insurance fund every three years

and a requirement that LAB perform an annual financial audit of the Read to Lead

Development Fund.

The bill also requires LAB, at the state auditor's discretion or as the Joint

Legislative Audit Committee directs, to perform a financial and performance

evaluation audit of the Milwaukee County Mental Health Board and of mental

health functions, programs, and services in Milwaukee County. Currently, LAB

must perform this audit every two years.

Finally, the bill requires LAB to complete a final audit of the Local Government

Property Insurance Fund after the cessation of all operations of the fund and the

distribution of any moneys remaining in the fund. Under the bill, LAB may charge

the Office of the Commissioner of Insurance for the costs of the audit.