Jim Doyle
Governor
__________________
Speaker's Communications
January 6, 2004
The Honorable James Doyle, Governor
State of Wisconsin
Room 115 East, State Capitol
Madison, WI 53702
Dear Governor Doyle:
We are in receipt of your letter dated January 5, 2004, in which you request that a joint session of the Legislature be convened on January 21, 2004 at 7:00 P.M. for delivery of your State of the State address.
This letter is to confirm that the Assembly and Senate will meet in a joint session at the date and time requested for the purpose of receiving your State of the State address.
Sincerely,
John G. Gard
Speaker of the Assembly
Alan J. Lasee
President of the Senate
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Referral of Agency Reports
State of Wisconsin
Department of Administration
Madison
December 15, 2003
To the Honorable, the Legislature:
This report is transmitted as required by s.
20.002 (11)(f), Wisconsin Statutes, (for distribution to the appropriate standing committees under s.
13.172(3), Wisconsin Statutes), 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 cash balances during the month of November 2003.
On November 1, 2003, the Agricultural Chemical Cleanup Fund cash balance closed at its monthly low of a negative $119.0 thousand. This negative balance continued through November 30, 2003, when the balance closed at a negative $115.0 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
The Agricultural Chemical Cleanup Fund shortfall was 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, and as a result, the funds requiring the use of the authority will effectively bear the interest cost.
Sincerely,
Marc J. Marotta
Secretary
Referred to committee on Ways and Means.
