January 9, 1997
To the Honorable, the Legislature:
This report is transmitted as required by sec. 20.002(11)(f) of the Wisconsin Statutes, (for distribution to the appropriate standing committees under sec. 13.172(3) Stats.), and confirms that the Department of Administration has found it necessary to exercise the "temporary reallocation of balances" authority provided by this section in order to meet payment responsibilities and cover resulting negative balances during the month of December, 1996.
On December 2, 1996 the General Fund balance was -$32.7 million. This shortfall continued until December 3, 1996 when the balance reached $12.0 million. This shortfall was due to the timing of revenues.
On December 2, 1996 the Wisconsin Health Education Loan Repayment Fund balance was -$2 thousand. This shortfall increased to -$13 thousand on December 30, 1996 and continued through the end of the month. This shortfall was due to the timing of revenues.
On December 5, 1996 the Wisconsin Petroleum Inspection Fund balance was -$547 thousand. This shortfall continued until December 19, 1996 when the balance reached $7.89 million. This shortfall was due to the timing of revenues.
The General, Wisconsin Health Education Loan Repayment and Wisconsin Petroleum Inspection Fund shortfalls were not in excess of the $400 million ceiling and did not exceed the balances of the Funds available for interfund borrowing.
The distribution of interest earnings to investment pool participants is based on the average daily balance in the pool and each fund's share. Therefore, the monthly calculation by the State Controller's Office will automatically reflect the use of these temporary reallocations of balance authority.
Sincerely,
Mark Bugher
Secretary
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State of Wisconsin
Minnesota-Wisconsin Boundary Area Commission
Madison
January 15, 1997
To the Honorable, the Assembly:
On behalf of the members and staff of the Minnesota-Wisconsin Boundary Area Commission, we are very pleased to submit our 1995-1996 Biennial Report. Enclosed are three copies for you and your office. We would appreciate it if you would arrange for this submission to be acknowledged in the course of Assembly business.
We have also submitted copies to the Chief Clerk of the Senate and the Legislative Reference Bureau of the Wisconsin Legislature, in accordance with the requirements of the Minnesota-Wisconsin Boundary Area Interstate Compact.
We sincerely hope you will find the report of the 1995-1996 Commission actions and of our proposed plans for the coming Biennium to be satisfactory. In serving the common interests. policies and programs of our two sponsor States, and in assisting them and their citizens in resolving issues that need a better consensus, we are always trying to act in a way that upholds the wise use, development and protection of the resources of the Mississippi and St. Croix Rivers, as stated in the Compact.
Thank you for your assistance in this matter.
Sincerely,
James M. Harrison
Public Affairs Director
Minnesota-Wisconsin Boundary Area Commission
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Assembly Resolution 2
1. Page 1, line 1: on lines 1, in both places, 2, 4 and 6, substitute "assembly" for "Assembly".
Assembly amendment 9 to Assembly Resolution 2
1. Page 1, line 3: delete "of the statutes".
Assembly amendment 14 to Assembly Resolution 2
1. Page 1, line 3: delete "of the statutes".
