To committee on Rules.
Assembly Bill 305
Relating to: authorizing a 1st class city to operate a city parking lot.
Passage:
Ayes: 7 - Representatives Gunderson, Goetsch, Brandemuehl, Riley, Williams, Staskunas and J. Lehman.
Noes: 0.
To committee on Rules.
Scott Gunderson
Chairperson
Committee on Urban and Local Affairs
__________________
Agency Reports
State of Wisconsin
Department of Administration
Madison
August 13, 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 June, 1997.
On July 1, 1997 the Wisconsin Health Education Loan Repayment Fund balance was -$8 thousand. This shortfall continued until July 9, 1997 when the balance reached $9 thousand. On July 29, 1997 the balance was -$12 thousand. This shortfall continued through the end of the month. These shortfalls were due to the timing of revenues.
On July 22, 1997, The Wisconsin Petroleum Inspection Fund balance was -$2.41 million. This shortfall continued until July 24, 1997 when the balance reached $6.11 million. This shortfall was due to the timing of revenues.
The Wisconsin Health Education Loan Repayment and Petroleum Inspection Fund shortfalls were 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
__________________
Representative Ott moved that the Assembly stand adjourned until 10:00 A.M. on Tuesday, August 26.
The question was: Shall the Assembly stand adjourned?
Motion carried.
The Assembly stood adjourned.
10:01 A.M.
