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,
ROGER M. ERVIN
Secretary of Revenue
State of Wisconsin
Building Commission
March 27, 2007
The Honorable, The Legislature:
Section
13.48(2)(e) stipulates that the Wisconsin State Building Commission shall report to the Legislature at each regular session the progress on projects authorized in the two preceding and current biennia. This report is submitted in accordance with that provision and covers the period from July 2001 through December 2006. Projects having budgets over $100,000 are listed in detail. Those of lesser amounts have been grouped for each agency as one item for the biennium in which they were authorized.
In summary, during this five and a half year period, the Building Commission approved projects with a total value of $2,877,006,384.56. Of that amount, $2,229,430,383.11 has been spent or encumbered, leaving a balance of $647,576,001.45 to be used to complete projects in progress. The sources of funds for the projects are either cash or borrowed funds which flow through the Building Trust Fund, the Capital Improvement fund, or agency operating budgets.
Each section of this report is organized by the state agency for which the facilities are being built.
Sincerely,
Robert Cramer
Secretary
State of Wisconsin
Department of Administration
March 30, 2007
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 February 2007.
On February 16, 2007, the Conservation Fund cash balance closed at a negative $873.0 thousand. This negative balance continued through February 28, 2007, when the fund's cash balance closed at a negative $4.2 million. The Conservation Fund cash balance reached its intra-month low of a negative $5.1 million on February 22, 2007. The negative balance was due to the difference in the timing of revenues and expenditures.
On February 1, 2007, the Wisconsin Health Education Loan Repayment Fund cash balance closed at a negative $1.0 thousand. This negative balance continued through February 28, 2007, when the fund's cash balance closed at a negative $2.0 thousand. The Wisconsin Health Education Loan Repayment Fund cash balance reached its intra-month low of a negative $2.0 thousand on February 6, 2007. The negative balance was due to the difference in the timing of revenues and expenditures.
The Conservation Fund and Wisconsin Health Education Loan Repayment 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), Representative Sheridan added as a cosponsor of
Senate Bill
122
.
