Jack C. Voight
State Treasurer
State of Wisconsin
Investment Board
December 22, 2003
The Honorable, The Legislature:
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Annually under s.
25.17(14g), Stats., the Investment Board submits a report to the Legislature on investment goals and long-term strategies. As we have done the past three years, I am writing to advise you that we plan to submit the report in February. Although this will be after the December 31 due date, for the reasons noted below, it will enable us to provide a more complete and informative report to you.
The Board of Trustees will consider recommendations on investment strategies and asset allocations made by staff and outside experts at the January meeting. We believe it is helpful to reflect the outcome of those discussions in our reports to you. In addition, we will include in the report the effect of the market's resurgence on the trust funds in 2003 and steps we have taken to earn the optimum returns during the volatile markets of the past few years.
The report we submit in February will also include the performance assessment required under s.
25.17(14m). As in past years, combining the two reports will make it easier to understand the relationship between our strategies and our investment results.
Please feel free to contact me if you have any questions or concerns.
Sincerely,
David C. Mills
Executive Director
State of Wisconsin
December 22, 2003
The Honorable, The Senate:
I respectfully request that I be added as a cosponsor to the following bill: Senator Kedzie's Senate Bill 346, relating to allowing an individual income tax deduction for certain amounts contributed to any section 529 college tuition program.
Sincerely,
Karl Van Roy
State Representative
State of Wisconsin
Department of Administration
December 15, 2003
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 November 2003.
On November 1, 2003, the Agricultural Chemical Cleanup Fund cash balance closed at its monthly low of a negative $119.0 thousand. The 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 the joint committee on Finance.
State of Wisconsin
Ethics Board
December 23, 2003
The Honorable, The Senate:
The following lobbyists have been authorized to act on behalf of the organizations set opposite their names.
For more detailed information about these lobbyists and organizations and a complete list of organizations and people authorized to lobby the 2003 session of the legislature, visit the Ethics Board's web site at
http://ethics.state.wi.us
Broydrick, Cynthia Aurora Health Care Inc
Carbone, Paul Robert W Baird and Company Inc
Chandler, Richard Wisconsin Energy Corporation
Kniffin, Kevin AFT - Wisconsin
Theo, Michael Wisconsin Energy Corporation
Tierney, Jodie Wisconsin Energy Corporation
Also available from the Wisconsin Ethics Board are reports identifying the amount and value of time state agencies have spent to affect legislative action and reports of expenditures for lobbying activities filed by organizations that employ lobbyists.
Sincerely,
R. Roth Judd
Director
State of Wisconsin
Ethics Board
December 30, 2003
The Honorable, The Senate:
The following lobbyists have been authorized to act on behalf of the organizations set opposite their names.
For more detailed information about these lobbyists and organizations and a complete list of organizations and people authorized to lobby the 2003 session of the legislature, visit the Ethics Board's web site at
http://ethics.state.wi.us
Sholty, J. Cameron Wisconsin Citizens for a Sound Economy
Also available from the Wisconsin Ethics Board are reports identifying the amount and value of time state agencies have spent to affect legislative action and reports of expenditures for lobbying activities filed by organizations that employ lobbyists.
Sincerely,
R. Roth Judd
Director
State of Wisconsin
Ethics Board
January 6, 2005
The Honorable, The Senate:
The following lobbyists have been authorized to act on behalf of the organizations set opposite their names.
For more detailed information about these lobbyists and organizations and a complete list of organizations and people authorized to lobby the 2003 session of the legislature, visit the Ethics Board's web site at
http://ethics.state.wi.us
Ciske, Thom Fox Cities Chamber of Commerce & Industry
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Ott, Christopher
Action Wisconsin
Welch, William Fox Cities Chamber of Commerce & Industry
Also available from the Wisconsin Ethics Board are reports identifying the amount and value of time state agencies have spent to affect legislative action and reports of expenditures for lobbying activities filed by organizations that employ lobbyists.
Sincerely,
R. Roth Judd
Director
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Relating to to definitions, deleting antiquated provisions related to public accountants, and changes to the requirements for individual and firm certified public accountant licenses.
Submitted by Department of Regulation and Licensing.
Report received from Agency, January 6, 2004.
Referred to committee on Labor, Small Business Development and Consumer Affairs, January 7, 2004
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Relating to increased filing fees.
Submitted by Employment Relations Commission.
Report received from Agency, January 2, 2004.
Referred to committee on Labor, Small Business Development and Consumer Affairs, January 7, 2004
.
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The committee on Agriculture, Financial Institutions and Insurance reports and recommends:
Relating to annual audits and verification of member accounts by state-chartered credit unions.
No action taken.