Please add my name as a co‐sponsor of Assembly Bill 395.
Sincerely,
Lena Taylor
State Senator
4th Senate District
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Referral of Agency Reports
Wisconsin Hospital Association
Guide to Wisconsin Hospitals Fiscal Year 2005
Madison
November 29, 2007
To the Honorable, the Legislature:
Enclosed is a hard copy of the Guide to Wisconsin Hospitals Fiscal Year 2005 produced by WHA Information Center pursuant to s.
153.22, Wis. Stats. The report was posted on our Web site in July 2007. Please feel free to download and print additional copies.
If you have any questions regarding the report you may contact me at 608‐274‐1820, 800‐231‐8340 or
jkachelski@wha.org.
Sincerely,
Joseph Kachelski
Vice President, WHA Information Center.
Referred to committee on Health.
__________________
State of Wisconsin
Department of Administration
Madison
November 30, 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 October 2007.
On October 1, 2007, the Dry Cleaner Environmental Response Fund cash balance closed at a negative $55 thousand. This negative balance continued through October 27, 2007, when the fund's cash balance closed at a positive $11 thousand. The Dry Cleaner Environmental Response Fund cash balance reached its intra‐month low of a negative $58 thousand on October 4, 2007. The negative balance was due to the difference in the timing of revenues and expenditures.
On October 1, 2007, the Wisconsin Health Education Loan Repayment Fund cash balance closed at a negative $2 thousand. This negative balance continued through October 31, 2007, when the fund's cash balance closed at a negative $2 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
On October 4, 2007, the Worker's Compensation Fund cash balance closed at a negative $1.7 million. This negative balance continued through October 31, 2007, when the fund's cash balance closed at a negative $1.8 million (its intra‐month low). The negative balance was due to the difference in the timing of revenues and expenditures.
On October 29, 2007, the Injured Patients and Families Compensation Fund cash balance closed at a negative $51.3 million (its intra‐month low). This negative balance continued through October 31, 2007, when the fund's cash balance closed at a negative $46.2 million. The negative balance was due to the transfer of $71.5 million to the General Fund per
2007 Wisconsin Act 20, and the pending liquidation of fund securities necessary to offset this shortfall.
The Dry Cleaner Environmental Response Fund, Wisconsin Health Education Loan Repayment Fund, Worker's Compensation Fund, and the Injured Patients and Families 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 L. Morgan
Secretary
Referred to committee on Ways and Means.