State of Wisconsin
Department of Administration
Madison
February 28, 2007
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 January 2007.
On January 1, 2007, the Medical Assistance Trust Fund cash balance closed at its intra‐month low of a negative $5.2 million. This negative balance continued through January 23, 2007, when the fund's cash balance closed at a positive $277.0 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
On January 1, 2007, the Wisconsin Health Education Loan Repayment Fund cash balance closed at a negative $1.0 thousand. This negative balance continued through January 31, 2007, when the fund's cash balance closed at a negative $1.0 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
On January 1, 2007, the Wisconsin Building Trust Fund cash balance closed at a negative $2.2 million. This negative balance continued through January 11, 2007, when the fund's cash balance closed at a positive $5.3 million. The Wisconsin Building Trust Fund cash balance reached its intra‐month low of a negative $2.8 million on January 4, 2007. The negative balance was due to a delayed cash transfer from the University of Wisconsin.
On January 1, 2007, the Worker's Compensation Fund cash balance closed at a negative $3.5 million. This negative balance continued through January 30, 2007, when the fund's cash balance closed at a positive $1.9 million. The Worker's Compensation Fund cash balance reached its intra‐month low of a negative $4.3 million on January 3, 2007. The negative balance was due to the difference in the timing of revenues and expenditures.
The Medical Assistance Trust Fund, Wisconsin Health Education Loan Repayment Fund, Wisconsin Building Trust Fund and Worker's Compensation 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,
Michael Morgan
Secretary
Referred to committee on Ways and Means.
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Representative Honadel asked unanimous consent that the Assembly stand recessed. Granted.
The Assembly stood recessed.
11:35 A.M.
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2:10 P.M.
The Assembly reconvened.
Speaker Pro Tempore Gottlieb in the chair.
Representative J. Fitzgerald asked unanimous consent for a quorum call. Granted.
A quorum was present.
Speaker Huebsch in the chair.
Representative Toles asked unanimous consent that her leave of absence be lifted. Granted.
Representative Zepnick asked unanimous consent that his leave of absence be lifted. Granted.
Speaker Huebsch introduced a privileged resolution.
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Read first time and referred:
Assembly Resolution 6
Relating to: recognition of Assembly Chief Clerk staff, Jody Nussbaum, on the occasion of her retirement from 32 years of faithful service to the Wisconsin State Assembly.
Representative J. Fitzgerald asked unanimous consent that all members of the Assembly be made coauthors of Assembly Resolution 6. Granted.
The question was: Shall Assembly Resolution
6 be adopted?
Motion carried.
Speaker Pro Tempore Gottlieb in the chair.
Representative J. Fitzgerald asked unanimous consent that Senate Joint Resolution
8 be withdrawn from the committee on Rules and taken up at this time. Granted.
Senate Joint Resolution 8
Relating to: commending the University of Wisconsin-Madison Badger football team.
The question was: Shall Senate Joint Resolution
8 be concurred in?
Motion carried.
Representative J. Fitzgerald asked unanimous consent that the rules be suspended and that Senate Joint Resolution 8 be immediately messaged to the Senate. Granted.
Assembly Joint Resolution 16
Relating to: commending the University of Wisconsin-Madison Badger football team.
Representative J. Fitzgerald asked unanimous consent that Assembly Joint Resolution
16 be laid on the table. Granted.
Assembly Joint Resolution 19
Relating to: declaring March 25 to 31, 2007, as Veterans of Foreign Wars National Home for Children Awareness Week.
The question was: Shall Assembly Joint Resolution 19 be adopted?
Motion carried.
Representative J. Fitzgerald asked unanimous consent that the rules be suspended and that Assembly Joint Resolution 19 be immediately messaged to the Senate. Granted.
Representative J. Fitzgerald asked unanimous consent that Senate Joint Resolution
17 be withdrawn from the committee on Rules and taken up at this time. Granted.
Senate Joint Resolution 17
Relating to: declaring March 2007American Red Cross Month.
The question was: Shall Senate Joint Resolution
17 be concurred in?
Motion carried.
Representative J. Fitzgerald asked unanimous consent that the rules be suspended and that Senate Joint Resolution 17 be immediately messaged to the Senate. Granted.
Assembly Joint Resolution 20
Relating to: declaring March 2007American Red Cross Month.
Representative J. Fitzgerald asked unanimous consent that Assembly Joint Resolution
20 be laid on the table. Granted.
Assembly Joint Resolution 22
Relating to: declaring March 10, 2007, Tibet Day.
The question was: Shall Assembly Joint Resolution 22 be adopted?
Motion carried.
Representative J. Fitzgerald asked unanimous consent that the rules be suspended and that Assembly Joint Resolution 22 be immediately messaged to the Senate. Granted.
Senate Joint Resolution 13
Relating to: the life and military service of United States Marine Corps Corporal Joshua M. Schmitz.
The question was: Shall Senate Joint Resolution
13 be concurred in?
Motion carried.
Representative J. Fitzgerald asked unanimous consent that the rules be suspended and that Senate Joint Resolution 13 be immediately messaged to the Senate. Granted.
Representative J. Fitzgerald asked unanimous consent that Senate Joint Resolution
12 be withdrawn from the committee on Rules and taken up at this time. Granted.
Senate Joint Resolution 12
Relating to: commending Joe Thomas for his athletic achievements.
The question was: Shall Senate Joint Resolution
12 be concurred in?
Motion carried.
Representative J. Fitzgerald asked unanimous consent that the rules be suspended and that Senate Joint Resolution 12 be immediately messaged to the Senate. Granted.
Assembly Bill 31
Relating to: elimination of accumulated sick leave credit program for legislators, justices and judges, and all other state elected officials.
The question was: Assembly Bill 31 having been read three times, shall the bill be passed?
The roll was taken.
The result follows:
Ayes - Representatives Ballweg, Benedict, Bies, Cullen, Davis, Fields, J. Fitzgerald, Friske, Garthwaite, Gottlieb, Gunderson, Hahn, Hilgenberg, Hines, Hintz, Honadel, Hraychuck, Jeskewitz, Jorgensen, Kaufert, Kerkman, Kessler, Kestell, Kleefisch, Kramer, Kreuser, Krusick, F. Lasee, LeMahieu, Lothian, Meyer, Montgomery, Moulton, Mursau, Murtha, Nass, Nelson, Nerison, Newcomer, Nygren, J. Ott, Petersen, Petrowski, Pridemore, Rhoades, Richards, Roth, Sinicki, Smith, Staskunas, Steinbrink, Stone, Strachota, Suder, Tauchen, Van Akkeren, Van Roy, Vos, Vukmir, Wasserman, Wieckert, M. Williams, Zepnick, Ziegelbauer, Zipperer and Speaker Huebsch - 66.
Noes - Representatives Albers, Berceau, Black, Boyle, Colon, Grigsby, Hebl, Hixson, Hubler, Mason, Molepske, Musser, A. Ott, Owens, Parisi, Pocan, Pope-Roberts, Schneider, Seidel, Sheridan, Sherman, Shilling, Soletski, Toles, Travis, Turner, Vruwink, A. Williams and Young - 29.
Absent or not voting - Representatives Gronemus, Gundrum, Townsend and Wood - 4.
Motion carried.
