On December 27, 2006, the Wisconsin Building Trust Fund cash balance closed at a negative $1.3 million. This negative balance continued through December 31, 2006, when the fund's cash balance closed at a negative $1.6 million. The Wisconsin Building Trust Fund cash balance reached its intra-month low of a negative $1.6 million on December 29, 2006. The negative balance was due to a delayed cash transfer from the University of Wisconsin.
On December 1, 2006, the Worker's Compensation Fund cash balance closed at a negative $2.8 million. This negative balance continued through December 31, 2006, when the fund's cash balance closed at a negative $3.5 million. The Worker's Compensation Fund cash balance reached its intra-month low of a negative $3.5 million on December 6, 2006. The negative balance was due to the difference in the timing of revenues and expenditures.
The General Fund, 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 L. Morgan
Secretary
Referred to joint committee on Finance.
__________________
Pursuant to Senate Rule 17 (5), Senator Breske added as a coauthor of Senate Bill 6.
__________________
Relating to hound dog training and trialing on captive wild animals.
Submitted by Department of Natural Resources.
Report received from Agency, January 30, 2007.
Referred to committee on Environment and Natural Resources, February 1, 2007.
Relating to the establishment of provisions for major electric generating units in Wisconsin to comply with the Clean Air Interstate Rule (CAIR) promulgated by the U.S. Environmental Protection Agency.
Submitted by Department of Natural Resources.
Report received from Agency, January 30, 2007.
Referred to committee on Environment and Natural Resources, February 1, 2007.
Relating to commercial fishing open seasons in Lake Michigan for chubs.
Submitted by Department of Natural Resources.
Report received from Agency, February 1, 2007.
Referred to committee on Environment and Natural Resources, February 1, 2007.
Relating to notice to home care consumers and workers and affecting small businesses.
Submitted by Department of Workforce Development .
Report received from Agency, January 31, 2007.
Referred to committee on Small Business, Emergency Preparedness, Workforce Development, Technical Colleges and Consumer Protection, February 1, 2007.
__________________
By Patrick E. Fuller, chief clerk.
Mr. President:
I am directed to inform you that the Assembly has adopted and asks concurrence in:
Assembly Joint Resolution
6
Assembly Joint Resolution
8
Concurred in:
Senate Joint Resolution
6
__________________
Assembly Joint Resolution 6
Relating to: the life and public service of Doris J. Hanson.
By Representative
Parisi
; cosponsored by Senator Miller
.
Read and referred to committee on Senate Organization.
Assembly Joint Resolution 8
Relating to: the life and public service of Robert L. Quackenbush.
By Representatives Musser, Nerison, Huebsch and Albers; cosponsored by Senators Schultz, Kapanke and Vinehout.
Read and referred to committee on Senate Organization.
__________________
Chief Clerk Marchant, with unanimous consent, asked that the Senate adjourn pursuant to Senate Joint Resolution 1.
Adjourned.
12:31 P.M.
