Petrowski, Jerry (Vice-chair)
Ainsworth, John
Gunderson, Scott
Hahn, Eugene
Leibham, Joseph
Lippert, MaryAnn
Loeffelholz, Gabe
Suder, Scott
Sherman, Gary *
Meyerhofer, Lee
Plale, Jeff
Plouff, Joe
Schooff, Dan
Staskunas, Tony
Veterans and Military Affairs (6, 4) Wednesday (Even)
Musser, Terry (Chair)
Hundertmark, Jean (Vice-chair)
Krawczyk, Judy
Petrowski, Jerry
Sykora, Tom
Townsend, John
Ryba, John *
Boyle, Frank
Hubler, Mary
Schneider, Marlin
Joint Committee for Review of Administrative Rules (3, 2)
Grothman, Glenn (Co-chair)
Seratti, Lorraine (Vice-chair)
Gunderson, Scott
Turner, Robert *
Hebl, Tom
Joint Committee on Audit (3, 2)
Leibham, Joseph (Co-chair)
Starzyk, Samantha (Vice-chair)
Gard, John
Cullen, David *
Gronemus, Barbara
Joint Committee on Employment Relations (3, 1)
Jensen, Scott (Co-chair)
Foti, Steven
Gard, John
Spencer, Black *
Joint Committee on Finance (6, 2)
Gard, John (Co-chair)
Kaufert, Dean (Vice-chair)
Albers, Sheryl
Duff, Marc
Huebsch, Mike
Ward, Dave
Huber, Greg *
Spencer, Coggs
Joint Committee on Information Policy and Technology (3, 2)
Pettis, Mark (Co-chair)
Hoven, Tim (Vice-chair)
Montgomery, Phil
Schneider, Marlin *
Plouff, Joe
Joint Committee on Legislative Organization (3, 2)
Jensen, Scott (Co-chair)
Foti, Steven
Ladwig, Bonnie
Black, Spencer *
Kreuser, James
Joint Legislative Council
Rhoades, Kitty (Co-chair)
Jensen, Scott
Foti, Steven
Freese, Stephen
Gard, John
Lehman, Michael
Stone, Jeff
Black, Spencer
Bock, Peter
Huber, Greg
Meyerhofer, Lee
__________________
Referral of Agency Reports
State of Wisconsin
Department of Administration
Madison
May 9, 2001
To the Honorable, the Legislature:
This report is transmitted as required by sec. 20.002(11)(f), Wis. Stats. (for distribution to the appropriate standing committees under sec. 13.172(3), Wis. 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 April 2001.
On April 2, 2001 the Wisconsin Health Education Loan Repayment Fund balance was -$8 thousand. This shortfall increased to -$13 thousand on April 11, 2001 and continued until April 12, 2001 when the balance reached $4 thousand. This shortfall was due to the timing of revenues.
On April 2, 2001 the Utility Public Benefits Fund balance was -$57 thousand. This shortfall increased to -$61 thousand on April 4, 2001 and continued until April 5, 2001 when the balance reached $2.41 million. This shortfall was due to the timing of revenues.
On April 2, 2001 the Wisconsin Lottery Fund balance was -$674 thousand. This shortfall increased to -$1.1 million on April 3, 2001, increased to -$2.24 million on April 5, 2001, and continued until April 6, 2001 when the balance reached $2.3 million. This shortfall was due to the timing of revenues.
On April 6, 2001 the Historical Society Trust Fund balance was -$2 thousand. This shortfall increased to -$38 thousand on April 20, 2001, to -$62 thousand on April 30, 2001, and continued into the month of May. As of the date of this letter, it has been resolved.
The Wisconsin Health Education Loan Repayment Fund, Utility Public Benefits Fund, Wisconsin Lottery Fund, and Historical Society Trust Fund shortfalls were not in excess of the statutory interfund borrowing limitation and did not exceed the balances of the Funds available for interfund borrowing.
A258
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,
