Please contact Freda Harris at (608) 263-5679, if you have any questions related to this report.
Sincerely,
Deborah A. Durcan
Vice President for Finance
Referred to committee on Colleges and Universities.
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State of Wisconsin
Investment Board
Madison
December 20, 2000
To the Honorable, the Legislature:
Annually under s.
25.17(14g) of the Statutes, the Investment Board submits a report to the Legislature on investment goals and long-term strategies. I am writing to let you know of our plan to submit this year's report in early February, as we did last year. Although this will be after the December 31 due date, it will enable us to provide a more complete and informative report to you.
Additional review of the investment strategy for the Wisconsin Retirement System trust funds will take place at the meeting of our Board of Trustees on January 11. We believe that it will be helpful to reflect the outcome of that discussion in our report to you.
Our report will also include the performance assessment required under s.
25.17(14m). As we did last year, we plan to combine the two reports to make it easier to understand the relationship between our strategies and our investment results.
Please feel free to contact me if you have any questions or concerns.
Sincerely,
Patricia Lipton
Executive Director
Referred to committee on Government Operations.
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State of Wisconsin
Public Service Commission
Madison
December 22, 2000
To the Honorable, the Legislature:
We are pleased to provide the report of the Public Service Commission concerning "Horizontal Market Power in Wisconsin Electricity Markets." This report is transmitted as required by Wis. Stat. §
196.025(5)b for distribution to the appropriate standing committees under Wis. Stat. §
13.172(3).
The report provides results of an independent economic study which examined potential horizontal market power problems in Wisconsin electricity markets, comments from numerous industry participants on the commissioned report, and the Commission's initial commentary on the subject. Pursuant to Wis. Stat. §
196.025(5)(ar), the Commission contracted with an expert consultant in economics to study the potential for horizontal market power, including the horizontal market power of electric generators, to frustrate the creation of an effectively competitive retail electricity market in this state and to make recommendations on measures to eliminate such market power on a sustainable basis.
If you have questions concerning this report please contact Mr. Randel Pilo of the Commission's Electric Division at (608) 267-1474.
Sincerely,
Ave M. Bie
Chairperson
Referred to committee on Utilities.
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A1016
State of Wisconsin
Department of Justice
Madison
December 2000
To the Honorable, the Legislature:
It is with great pleasure and pride that I present this report for the Wisconsin Crime Victim Compensation Program. The Wisconsin Crime Victim Compensation Program was established by the legislature in 1976. It has been administered by the Office of Crime Victim Services in the Department of Justice since July 1, 1980. This report covers activities of the program for the biennia beginning July 1, 1995, and ending June 30, 1999. The report chronicles the continued success the program has had in assisting victims of crime with the financial expenses associated with their physical and emotional recovery.
We know that victims of violent crime suffer physical pain, injury, emotional trauma and grief. However, we sometimes overlook the fact that victims can face another burden while they try to recover from crimes - financial loss.
Crime victims often find themselves with hospital bills that need to be paid, but with no insurance to help them. They also must find a way to pay for rent and groceries when unable to work as the result of an assault. When a child has been sexually assaulted and the family is unable to afford a counselor, psychological wounds can plague the child for the rest of his or her life. In some cases, families of murder victims cannot find the money for a simple memorial stone for their loved one's grave, making it even more difficult to recover from a very traumatic experience.
While the wounds caused by violent crime never completely heal, the Crime Victim Compensation Program has helped to ease some concerns for victims and their families and to restore some financial stability to victims' lives. More than 1,400 victims of violent crimes receive assistance through the program each year.
I commend the dedicated staff of the program, victim advocates and law enforcement personnel, who through their constant efforts have made Wisconsin's Crime Victim Compensation Program one of the best in the country.
Sincerely,
James E. Doyle
Attorney General of Wisconsin
Referred to committee on Judiciary and Personal Privacy.
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Agency Reports
State of Wisconsin
Legislative Audit Bureau
Madison
December 13, 2000
To the Honorable, the Legislature:
As requested by the Public Service Commission (PSC), we have completed a financial audit of the Universal Service Fund, which was established to ensure that all state residents receive essential telecommunications services and have access to advanced telecommunications capabilities. Our audit report contains our unqualified opinion on the Fund's financial statements and related notes for the fiscal years ending June 30, 2000 and 1999.
The Universal Service Fund is funded through assessments of telecommunications providers, which totaled $14.1 million in fiscal year 1999-2000. The largest program funded by the Universal Service Fund is the Educational Telecommunications Access Program, which is administered by the Technology for Educational Achievement (TEACH) Board. During fiscal year 1999-2000, $8.8 million, which is 67 percent of total fund expenditures, was expended on subsidies and grants for data lines and video links for schools, libraries, and others under this program.
As noted in our prior audits, expenditures for the Universal Service Fund programs operated by the PSC continued to be significantly less than budgeted levels. However, the Legislature and the PSC recently added a number of new programs to be funded from the Universal Service Fund, which are likely to affect its funding needs in the future.
We appreciate the courtesy and cooperation extended to us by the staff at the PSC; TEACH; and the Fund's administrator, Williams Young, LLC, during the audit.
Respectfully submitted,
Janice Mueller
State Auditor
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State of Wisconsin
Legislative Audit Bureau
Madison
December 15, 2000
To the Honorable, the Legislature:
At the request of the departments of Commerce and Administration, and to meet our audit responsibilities under s.
13.94, Wis. Stats., we have completed a financial audit of the State of Wisconsin Petroleum Inspection Fee Revenue Obligations Program for the period March 2, 2000 through June 30, 2000. We were able to express our unqualified opinion on the Program's Statement of Changes in Program Assets and related notes.
A1017
The Petroleum Inspection Fee Revenue Obligations Program provides financing for payment of claims under the Wisconsin Petroleum Environmental Cleanup Fund Award (PECFA) program. In a previous evaluation of the PECFA program (report 98-14), we noted a large backlog of approved but unpaid PECFA claims and identified options for the Legislature's consideration. To address the backlog, the Legislature authorized the State to issue up to $270 million of revenue obligations to be repaid by a $0.03 per gallon fee charged suppliers for petroleum products sold in Wisconsin. These revenue obligations, which may include bonds, commercial paper, or other obligations, are not general obligations of the State.
Between March 2, 2000, when the Petroleum Inspection Fee Revenue Obligations Program started, and June 30, 2000, the State issued $230 million of revenue obligations. An additional $20 million was issued in December 2000. Proceeds from the sale of this debt, along with petroleum inspection fees collected from suppliers in excess of debt service requirements, have allowed the State to reduce the December 31, 1999 backlog from almost $196 million in approved but unpaid PECFA claims to less than $16 million as of June 30, 2000. However, as of June 30, 2000, the Department of Commerce had yet to review for approval approximately $25 million in claimed costs, and it continues to receive new claims every month.
We appreciate the courtesy and cooperation extended to us during the audit by staff of the departments of Commerce, Administration, and Revenue.
Respectfully submitted,
Janice Mueller
State Auditor
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State of Wisconsin
Legislative Audit Bureau
Madison
December 21, 2000
To the Honorable, the Legislature:
We have completed a financial audit of the State of Wisconsin Educational Communications Board Radio Network to meet our audit requirements under s.
13.94, Wis. Stats., and as requested by the Educational Communications Board to fulfill the audit requirements of the Corporation for Public Broadcasting. The Corporation requires audited financial statements of public broadcasting entities to determine future funding levels.
The Educational Communications Board, which is an agency of the State of Wisconsin, operates a radio network of 12 FM stations and 1 AM station, as well as a television network of 5 stations. The radio network received $6.5 million in support and revenue during fiscal year 1999-2000, including state support, member contributions, funding from the Corporation for Public Broadcasting, and various other grants.
Our audit report contains the financial statements and related notes for the period July 1, 1999 through June 30, 2000. We were able to issue an unqualified independent auditor's report on these statements.
We appreciate the courtesy and cooperation extended to us by Educational Communications Board staff during the audit.
Respectfully submitted,
Janice Mueller
State Auditor
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State of Wisconsin
Legislative Audit Bureau
Madison
December 21, 2000
To the Honorable, the Legislature:
We have completed a financial audit of the State of Wisconsin Educational Communications Board Television Network to meet our audit requirements under s.
13.94, Wis. Stats., and as requested by the Educational Communications Board to fulfill the audit requirements of the Corporation for Public Broadcasting. The Corporation requires audited financial statements of public broadcasting entities to determine future funding levels.
The Educational Communications Board, which is an agency of the State of Wisconsin, operates a television network of 5 stations, as well as a radio network of 12 FM stations and 1 AM station. The television network received $12.2 million in support and revenue during fiscal year 1999-2000, including state support, member contributions, funding from the Corporation for Public Broadcasting, and various other grants.
Our audit report contains the financial statements and related notes for the period July 1, 1999 through June 30, 2000. We were able to issue an unqualified independent auditor's report on these statements.
We appreciate the courtesy and cooperation extended to us by Educational Communications Board staff during the audit.
Respectfully submitted,
Janice Mueller
State Auditor
