Referred to committee on Rules.
Senate Joint Resolution
32
Relating to: designating the first Sunday after the first Saturday in October of each year as Wisconsin's "Ethnic Trail Day".
By
Senators
C. Potter, Panzer, Rude, Burke, Huelsman, Plewa, Andrea, Darling, Cowles, Moen, Clausing; cosponsored by Representatives Hoven, Hahn, Otte, Grobschmidt, Hanson, Dobyns, Owens, Wirch, Kreuser, Porter, Turner, Ryba, by request of Wisconsin's Ethnic Settlement Trail, Inc..
To committee on Rules.
Senate Joint Resolution
36
Relating to: the life, public service of Donald Hanaway.
By
Senators
Cowles, Adelman, Andrea, Breske, Buettner, Burke, Chvala, Clausing, Darling, Decker, Drzewiecki, Ellis, Farrow, Fitzgerald, George, Huelsman, Jauch, A. Lasee, Moen, Moore, Panzer, Petak, C. Potter, Risser, Rosenzweig, Rude, Schultz, Shibilski, Weeden, Welch, Wineke, Zien
; cosponsored by Representatives Green, Prosser
.
To calendar.
Senate Joint Resolution
37
Relating to: the life, public service of John Plewa.
By
Senators
Jauch, Rude, Ellis, Farrow, Risser, Schultz, Fitzgerald, Panzer, Huelsman, Moen, Decker, Chvala, Shibilski, Cowles, Rosenzweig, Weeden, Buettner, A. Lasee, Adelman, George, Drzewiecki, Zien, Darling, Breske, Petak, C. Potter, Clausing, Welch, Wineke, Burke, Moore, Andrea
.
To calendar.
__________________
Communications
September 20, 1995
The Honorable David Prosser
Wisconsin State Assembly
Room 211 West - State Capitol
Madison, Wisconsin 53708
Dear Speaker Prosser:
A492
The Assembly Education Committee, under the chairmanship of Representative Chuck Coleman, has appointed a Subcommittee to further deliberate Assembly Bill 400. This topic has brought a variety of issues before the Education Committee, discussion which would be most effectively considered through the creation of a Subcommittee. This Subcommittee will be comprised of three members, with Representative Luther Olsen serving as Chairman.
If you have any further questions concerning the creation of such a Subcommittee, please call 266-9650.
With Best Regards,
Chuck Coleman
State Representative
Chair, Committee on Education
__________________
State of Wisconsin
Legislative Audit Bureau
Madison
September, 1995
To the Honorable, the Legislative:
We have completed a review of the investments and investment practices of local governments, as requested by the Joint Legislative Audit Committee. The value of investments held on December 31, 1994, by the 672 local governments that responded to our survey was approximately $3.3 billion. Of these funds, approximately $2.5 billion was invested in the State Investment Fund and in financial institutions. The remainder was invested primarily in government and corporate securities.
We found the investment strategies used by most local governments to be conservative, emphasizing safety of public funds and investment liquidity. The level of risk in the investments typically being made by most local governments is reasonable.
Wisconsin currently appears to have few problems with local governments' investment practices. While the Legislature could consider a number of strategies that might limit potential problems in the future, including restricting allowable investments and limiting undesignated fund balances available for investing, devising restrictions that apply appropriately to all local units may be difficult.
Some local officials would oppose legislative changes that restrict investment alternatives or require certain actions because they expect the State to provide them maximum flexibility in managing local affairs. However, it is important that all local government entities establish investment policies and procedures to ensure that public funds are kept safe and readily available for public purposes.
We appreciate the courtesy and cooperation extended to us by local officials and staff.
Respectfully submitted,
Dale Cattanach
State Auditor
