2002-02-04 Assembly Journal

Clearinghouse Rule 99-158 effective 2-1-2002

Clearinghouse Rule 00-140 effective 2-1-2002

Clearinghouse Rule 00-154 effective 2-1-2002

Clearinghouse Rule 00-164 effective 2-1-2002

Clearinghouse Rule 01-004 effective 2-1-2002

Clearinghouse Rule 01-045 effective 2-1-2002

Clearinghouse Rule 01-048 effective 2-1-2002

Clearinghouse Rule 01-055 effective 2-1-2002

Clearinghouse Rule 01-068 effective 2-1-2002

Clearinghouse Rule 01-072 effective 2-1-2002

Clearinghouse Rule 01-073 effective 2-1-2002

Clearinghouse Rule 01-074 effective 2-1-2002

Clearinghouse Rule 01-078 effective 2-1-2002

Clearinghouse Rule 01-079 effective 2-1-2002

Clearinghouse Rule 01-089 effective 2-1-2002

Clearinghouse Rule 01-097 effective 2-1-2002

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Referral of Agency Reports

State of Wisconsin
Department of Administration
Madison

January 31, 2002

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 December 2001.

On December 3, 2001 the General Fund balance was -$26.8 million. This shortfall continued until December 14, 2001 when the balance reached a positive $43.1 million. During this period, the General Fund balance reached a low of -$60.4 million on December 13, 2001. The shortfall was due to the difference in the timing of revenues and expenditures.

On December 10, 2001 the Agricultural Producer Security Fund balance was -$109 thousand. This shortfall continued through December 31, 2001 when the balance reached -$122 thousand. The shortfall was due to the initial start-up of the fund and a delay in the transfer of revenues into the fund. The negative fund cash balance has been resolved in January 2002.

The General Fund and Agricultural Producer Security 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.