Tuesday, October 5, 2004
Ninety-Sixth Regular Session
The Chief Clerk makes the following entries under the above date:
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Speaker's Appointments
September 24, 2004
Mr. Patrick Fuller, Chief Clerk
Wisconsin State Assembly
Room 208, Risser Justice Center
17 West Main Street
Madison, Wisconsin 53708
Dear Patrick:
I have appointed Representative Steve Wieckert to the Education Reform Committee to fill the vacancy created when Representative Scott Jensen resigned from the committee.
Sincerely,
John G. Gard
Speaker
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Communications
State of Wisconsin
Revisor of Statutes Bureau
Madison
DATE: October 1, 2004
TO: Patrick E. Fuller
Assembly Chief Clerk
Robert Marchant
Senate Chief Clerk
FROM: Gary L. Poulson
Assistant Revisor of Statutes
SUBJECT: Rules published in the September 30, 2004,
Wisconsin Administrative
Register, No. 585.
The following rules have been published:
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Referral of Agency Reports
State of Wisconsin
Department of Natural Resources
Madison
September 15, 2004
To the Honorable, the Assembly:
As required by s.
292.25, Wis. Stats., the Department of Natural Resources is pleased to submit the attached report regarding the status of the Voluntary Party Liability Exemption (VPLE) environmental cleanup process. As required by law, this report is being submitted to the Governor, the Department of Administration, and the Legislature. If you have any questions regarding this report, please contact Darsi Foss from my staff at (608) 267-6713.
Sincerely,
Scott Hassett
Secretary
Referred to committee on Natural Resources.
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State of Wisconsin
Department of Administration
Madison
September 23, 2004
To the Honorable, the Legislature:
A989
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 August 2004.
On August 1, 2004, the General Fund cash balance closed at a negative $431.4 million. The fund's negative cash balance continued intermittently until August 27, 2004, when the fund's cash balance closed at a positive $34.9 million. The fund reached an intramonth low cash balance of a negative $436.8 million on August 11, 2004. The negative balance was due to a difference in the timing of revenues and expenditures.
On August 1, 2004, the Medical Assistance Trust Fund cash balance closed at its intramonth low of a negative $203.8 million. The fund's negative cash balance continued through August 31, 2004, when the fund's cash balance closed at a negative $199.6 million. The deficit is due to federal revenues falling short of estimates included in Wisconsin Act 33.
On August 1, 2004, the University Trust - Principal Fund cash balance closed at its intramonth low of a negative $3.2 million. The fund's negative cash balance continued through August 31, 2004, when the fund's cash balance closed at a negative $2.5 million. The negative balance was due to a coding error and has since been corrected.
The General Fund, Medical Assistance Trust Fund, and the University Trust - Principal Fund shortfalls were not in excess of the statutory interfund borrowing limitations 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
