Sincerely,
ALAN LASEE
Senate President
State of Wisconsin
Department of Administration
March 15, 2005
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 February 2005.
On February 1, 2005, the Medical Assistance Trust Fund cash balance closed at its intramonth low of a negative $190.5 million. The fund's negative cash balance continued through February 28, 2005, when the fund's cash balance closed at a negative $158.7 million. The deficit is due to federal revenues falling short of estimates included in Wisconsin Act 33.
The Medical Assistance Trust Fund shortfall was not in excess of the statutory interfund borrowing limitations 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, and as a result, the funds requiring the use of the authority will effectively bear the interest cost.
Sincerely,
Marc J. Marotta
Secretary
Referred to joint committee on Finance.
Pursuant to Senate Rule
17 (5), Senator Lassa added as a coauthor to
Senate Bill 117.
State of Wisconsin
March 10, 2005
The Honorable, The Senate:
Please withdraw my name as a cosponsor of Senate Bill 15.
Sincerely,
MARK HONADEL
State Representative
State of Wisconsin
Office of the Governor
To the Honorable, the Senate:
Please withdraw the nomination of Gerald Kleczka to the Tax Appeals Commission.
Sincerely,
JIM DOYLE
Governor
__________________
The committee on Health, Children, Families, Aging and Long Term Care reports and recommends:
Relating to fees for copies of health care records.
Report objection recommended, Ayes 4, Noes 1.
Ayes, 4 - Senators
Roessler, Darling, Brown and Carpenter.
Noes, 1 - Senator
Erpenbach.
Referred to joint committee for Review of Administrative Rules, March 23, 2005
.
Relating to restaurants and affecting small businesses.
No action taken.
Relating to retail food establishments.
No action taken.
Carol Roessler
Chairperson
The committee on Job Creation, Economic Development and Consumer Affairs reports and recommends:
Relating to technology commercialization programs and affecting small businesses.
No action taken.
Relating to the 2005 edition of the uniform standards of professional appraisal practice (USPAP).
No action taken.
Ted Kanavas
Chairperson
The committee on Veterans, Homeland Security, Military Affairs, Small Business and Government Reform reports and recommends:
Relating to electronic funds transfer.
No action taken.
Relating to the subtraction from income allowed for military pay received by members of a reserve component of the armed forces.
No action taken.
Ronald Brown
Chairperson
__________________
Senate substitute amendment 1 to Senate Bill 37 offered by Senator Leibham.
Senate amendment 1 to Senate Bill 56 offered by Senator Cowles.
Senate amendment 2 to Senate Bill 56 offered by Senator Cowles.
Senate amendment 3 to Senate Bill 56 offered by Senator Cowles.
