The Honorable Suzanne Jeskewitz
Wisconsin State Assembly
The Capitol, Room 109 West
Madison, WI 53708
Dear Representative Jeskewitz:
As Assembly Speaker, it is my privilege to recommend you to Secretary John F. Kundert to serve on the Task Force on Financial Competitiveness 2005. The task force, created by the Department of Financial Institutions, is being formed to analyze the needs of Wisconsin's financial institutions and services and make suggestions on policy initiatives. You will represent the Assembly on the task force and your recommendation is effective immediately. Thank you in advance for your service
If you have any questions, please contact Adam Peer in my office. Thank you again for your service to the people of Wisconsin and the State Assembly.
Sincerely,
Scott R. Jensen
Assembly Speaker
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A968
Referral of Agency Reports
State of Wisconsin
Department of Administration
Madison
May 22, 2000
To the Honorable, the Legislature:
This report is transmitted as required by sec. 20.002(11)(f), Wis. Stats. (for distribution to the appropriate standing committees under sec. 13.172(3), Wis. 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 April 2000.
On April 1, 2000 the Wisconsin Health Education Loan Repayment Fund balance was -$12 thousand. This shortfall increased to -$13 thousand on April 19, 2000 and continued into the month of May. As of the date of this letter, it is expected to be resolved soon. This shortfall is due to the timing of revenues.
On April 1, 2000 the Wisconsin Health Insurance Risk Sharing Plan Fund balance was -$11 thousand. This shortfall continued until April 6, 2000 when the balance reached $49 thousand. This shortfall was due to the timing of revenues.
On April 1, 2000 the Wisconsin Petroleum Inspection Fund balance was -$1.15 million. This shortfall continued until April 3, 2000 when the balance reached $13.42 million. On April 4, 2000 the balance was -$2.43 million. This shortfall increased to -$29.27 million on April 7, 2000, and decreased to -$3.12 million on April 10, 2000. This shortfall continued until April 11, 2000 when the balance reached $2.88 million. These shortfalls were due to the timing of revenues.
On April 1, 2000 the Wisconsin Lottery Fund balance was -$63.95 million. This shortfall decreased to -$34.63 million on April 10, 2000, to -$29.00 million on April 14, 2000, and to -$24.79 million on April 28, 2000. The Department of Revenue estimates that the balance will be positive again in mid-June. This shortfall is due to a timing difference between the distribution of property tax credits and the receipt of Lottery revenues.
The Wisconsin Health Education Loan Repayment Fund, Wisconsin Health Insurance Risk Sharing Plan Fund, Wisconsin Petroleum Inspection Fund, and Wisconsin Lottery Fund shortfalls were not in excess of the statutory interfund borrowing limitation 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,
George Lightbourn
Secretary
Referred to committee on Ways and Means.
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Communications
State of Wisconsin
Revisor of Statutes Bureau
Madison
DATE: June 1, 2000
TO: Charles Sanders
Assembly Chief Clerk
Donald J. Schneider
Senate Chief Clerk
FROM: Gary L. Poulson
Deputy Revisor of Statutes
SUBJECT: Rules published in the May 31, 2000,
Wisconsin Administrative
Register, No. 533.
The following rules have been published: