Sincerely,
SCOTT WALKER
Governor
__________________
State of Wisconsin
Office of the Majoriy Leader
May 5, 2011
The Honorable, The Senate:
Pursuant to Section
238.02 (1) Wisconsin Statutes and Senate Rule
20, I am appointing Senator Randy Hopper, Senator Julie Lassa and C. Thomas Sylke of Whitefish Bay to the Wisconsin Economic Development Corporation.
Please feel free to contact me wtih any questions.
Sincerely,
scott fitzgerald
Senate Majority Leader
__________________
State of Wisconsin
Department of Administration
April 29, 2011
The Honorable, The Legislature:
This report is transmitted as required by s.
20.002(11)(f), Wisconsin Statutes, (for distribution to the appropriate standing committees under s.
13.172(3), Wisconsin Statutes) 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 cash balances during the month of March 2011.
On March 1, 2011, the Medical Assistance Trust Fund cash balance closed at a negative $192.3 million. This negative balance continued through March 31, 2011, when the fund's cash balance closed at a negative $221.2 million. The Medical Assistance Trust Fund cash balance reached its intra-month low of a negative $222.9 million on March 24, 2011.
On March 1, 2011, the Police and Fire Protection Fund cash balance closed at a negative $29.6 million (its intra-month low). This negative balance continued through March 31, 2011, when the fund's cash balance closed at a negative $25.5 million.
On March 1, 2011, the Conservation Fund cash balance closed at a negative $21.6 million. This negative balance continued through March 15, 2011, when the fund's cash balance closed at a positive $23.5 million. The Conservation Fund cash balance reached its intra-month low of a negative $24.2 million on March 10, 2011.
On March 1, 2011, the Democracy Trust Fund cash balance closed at a negative $901 thousand. This negative balance continued through March 31, 2011, when the fund's cash balance closed at a negative $901 thousand.
On March 2, 2011, the Support Collections Trust Fund cash balance closed at a negative $4.3 million. This negative balance continued intermittently through March 10, 2011, when the fund's cash balance closed at a positive $1.1 million. The Support Collections Trust Fund cash balance reached its intra-month low of a negative $5.4 million on March 7, 2011.
On March 25, 2011, the Environmental Fund cash balance closed at a negative $54 thousand. This negative balance continued through March 31, 2011, when the fund's cash balance closed at a negative $170 thousand (its intra-month low).
On March 28, 2011, the Lottery Fund cash balance closed at a negative $6.0 million. This negative balance continued through March 31, 2011, when the fund's cash balance closed at a negative $6.6 million (its intra-month low).
The Medical Assistance Trust Fund, Police and Fire Protection Fund, Conservation Fund, Democracy Trust Fund, Support Collections Trust Fund, Environmental Fund, and Lottery Fund shortfalls were due to the difference in the timing of revenues and expenditures, were 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,
mike huebsch
Secretary
Referred to the joint committee on Finance.
