On December 6, 2004, the General Fund cash balance closed at a negative $247.2 million. The fund's negative cash balance continued until December 20, 2004, when the fund's cash balance closed at a positive $171.2 million. The General Fund cash balance reached its intramonth low of a negative $351.8 million on December 9, 2004. The negative balance was due to the difference in the timing of revenues and expenditures.
On December 1, 2004, the
Medical Assistance Trust Fund cash balance closed at its intramonth low of a negative $187.6 million. The fund's negative cash balance continued through December 31, 2004, when the fund's cash balance closed at a negative $184.0 million. The deficit is due to federal revenues falling short of estimates included in
2003 Wisconsin Act 33.
On December 1, 2004, the Tuition Trust Fund cash balance closed at a negative $14.0 thousand. The fund's negative cash balance continued through December 31, 2004, when the fund's cash balance closed at a negative $11.0 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
The General Fund, the Medical Assistance Trust Fund, and the Tuition Trust 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
Secretary
Referred to joint committee on Finance.
State of Wisconsin
Department of Revenue
January 14 ,2005
The Honorable, The Legislature:
I am submitting the quarterly report of the Wisconsin Lottery for the quarter ending December 31, 2004. As required by §
565.37(3), Wis. Stats., the attached materials contain unaudited Wisconsin Lottery year to date Revenue and Expenditure information.
Total operating revenues for the quarter ending December 31, 2004 were $224.3 million, down from $249.4 million for the same quarter last year. This year has seen a $24.3 million decline in Powerball sales, which are driven by large jackpots. At this time last year, there had been four jackpots in excess of $125 million. This year there have been two jackpots in excess of $125 million.
The information reported here is a summary and is not intended to be a complete financial accounting of Wisconsin Lottery operations.
If you have any questions or comments regarding this report, please feel free to contact me at (608) 266-6466.
Sincerely,
MICHAEL L. MORGAN
Secretary
State of Wisconsin
Ethics Board
January 18, 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 2005 session of the legislature, visit the Ethics Board's web site at
http://ethics.state.wi.us
Agara, Julius Wisconsin Cluster of YMCAs Executive Committee
Anderson, Scott Wisconsin Council of Churches
Antoniewicz, Gary Midwest Equipment Dealers Association Inc
Bakken, Peter Wisconsin Council of Churches
Bauer, Kurt Wisconsin Bankers Association
Beckert, Barbara Milwaukee Jewish Council for Community Relations, Inc.
Bentley, Marc S Schneider National Inc
Blomberg, Ken Wisconsin Rural Water Association
Boyer, Amy Wisconsin Association of Convention & Visitors Bureaus
Brewer, F H S.C. Johnson & Son Inc
Broydrick, William Aurora Health Care Inc
Broydrick, William Electronic Data Systems Corporation (EDS)
Broydrick, William Miller Compressing Company
Broydrick, William Waste Management Inc
Carey, Ray America Online Inc
Carey, Ray American Express Company
Carey, Ray Aurora Health Care Inc
Carey, Ray Hoffman York
Carey, Ray Kwik Trip Inc
Carey, Ray S.C. Johnson & Son Inc
Carey, Ray TDS Telecommunications Corporation
Carey, Ray Wisconsin Cluster of YMCAs Executive Committee
Carey, Ray Wisconsin Early Autism Project Inc, The
Christianson, Peter C Wisconsin Cluster of YMCAs Executive Committee
DeBraska, Bradley Milwaukee Police Association
Dotzour, Althea Gathering Waters Conservancy, Inc.
Driessen, Anthony Mercy Health System
Driessen, Anthony ThedaCare
Elkin, Vicki Gathering Waters Conservancy, Inc.
Fitzgerald, Moira E Aurora Health Care Inc
Fitzgerald, Moira E Waste Management Inc
Fonfara, Thomas ThedaCare
Franken, Andrew Wisconsin Association of Convention & Visitors Bureaus
Grace, John Wisconsin Association of Family & Childrens Agencies
Hall, Linda Wisconsin Association of Family & Childrens Agencies
Helbach, David Alliant Energy
Hertel, Julia Wisconsin Association of Convention & Visitors Bureaus
Hoven, Timothy Wisconsin Association of Health Plans
Hubbard, Gregory Robert W Baird and Company Inc
Hubbard, Gregory Waste Management Inc
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Jones, Robert Wisconsin Community Action Program Association
Jordahl, William Alliant Energy
Kapocius, Mike Takeda Pharmaceuticals America
Kent, Paul Municipal Environmental Group - Wastewater Division
Kent, Paul Riparian Owners and Marine Contractors Association, Inc.
Kilgore, Kathleen Outdoor Advertising Association of Wisconsin
Kindschi, Kim Wisconsin Bankers Association
Knight, John E Wisconsin Bankers Association
Konopacki, Larry Municipal Environmental Group - Wastewater Division
Konopacki, Larry Riparian Owners and Marine Contractors Association, Inc.
Kordenbrock, William R Electronic Data Systems Corporation (EDS)
Kuehn, Ronald W Center for Policy Reform, The
Kuehn, Ronald W Professional Insurance Agents of Wisconsin
Kuehn, Ronald W Wisconsin Biotechnology and Medical Device Association
Kuehn, Ronald W Wisconsin Soybean Association
Kuiper, Laurie Aurora Health Care Inc
Laatsch, Timothy Stora Enso North America
Lamb, Jordan Center for Policy Reform, The
Lamb, Jordan Professional Insurance Agents of Wisconsin
Lamb, Jordan Wisconsin Biotechnology and Medical Device Association
Lamb, Jordan Wisconsin Soybean Association
Lee, Misha Sentry Insurance Group
Leonard, Ramie Wisconsin County Police Association
