To joint committee on Finance.
Assembly Bill 584
Relating to: adjustments in child support and family support orders based on a change in the cost of living or a change in the obligor's income and granting rule-making authority.
By
Representatives Harsdorf, Ward, Musser, Springer, F. Lasee, Olsen, Seratti and Powers; cosponsored by Senator Clausing
.
To committee on Children and Families
.
__________________
The joint survey committee on Tax Exemptions reports and recommends:
Assembly Bill 551
Relating to: the definition of the internal revenue code for the income tax and the franchise tax.
Adoption of Report:
Ayes: 7 - Representatives Urban, Foti and Schneider; Senator Wineke; and Mr. Lee, Mr. Vrakas and Secretary Zeuske.
Noes: 0.
To joint committee on Finance.
Frank Urban
Assembly Chairperson
Joint survey committee on Tax Exemptions
__________________
Agency Reports
State of Wisconsin
Department of Administration
Madison
October 14, 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 September, 1997.
On September 19, 1997 The Wisconsin Petroleum Inspection Fund balance was -$1.67 million. This shortfall continued until September 22, 1997 when the balance reached $7.12 million. This shortfall was due to the timing of revenues.
The Petroleum Inspection Fund shortfall was 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 D. Bugher
Secretary, DOA
State of Wisconsin
Legislative Audit Bureau
Madison
October 23, 1997
To the Honorable, the Legislature:
We have completed a financial and compliance audit of the University of Wisconsin (UW) System as requested by the UW to meet the audit requirements of the federal Office of Management and Budget (OMB) Circular A-133. Our audit covers the period July 1, 1995 through June 30, 1996. In addition to satisfying audit requirements, the single audit assists us in meeting state audit requirements under Section
13.94, Wis. Stats.
Report 97-16 contains the auditor's reports on internal control structure and compliance; findings of noncompliance with federal requirements and the results of our follow-up to prior audit findings; campuses' responses to our recommendations and their plans for corrective action; and the Schedule of Federal Awards and accompanying notes. We have identified $2,060 in questioned costs, which is a very small portion of the $459 million in federal assistance disbursed by UW System during our audit period.
Our unqualified opinion on the UW's financial statements was included in the UW's Annual Financial Report for the fiscal year ended June 30, 1996. This report was published by UW System Administration in February 1997 and is available from the UW System Administration, Office of Financial Administration.
Our A-133 audit report is lengthy and detailed. We are, therefore, limiting our initial distribution to those required by law to receive copies, the audited campuses, and the federal and nonfederal agencies providing federal funding to the campuses. However, if you are interested in receiving a copy of the A-133 single audit report, please contact our office and request report number 97-16.
Sincerely,
Dale Cattanach
State Auditor
__________________
REFERENCE BUREAU CORRECTIONS
Assembly Bill 342
1. Page 28, line 2: substitute "repealed." for "repealed:".
2. Page 37, line 2: substitute "15.255" for "15.225".
Assembly Bill 551
1. Page 68, line 3: delete the comma.
