In compliance with Wisconsin statute 16.548, please find the Wisconsin Office of Federal/State Relations quarterly report to be submitted to the Legislature for the Second Quarter of 2007. This report provides information on the activities of the office and the status of federal legislation of concern to the State of Wisconsin.
Please contact me if you have any questions about this material.
Sincerely,
MICHAEL MORGAN
Secretary
__________________
University of Wisconsin
Parkside
December 19, 2007
The Honorable, The Senate:
Attached please find the report pursuant to Chapter 118.40(2r)(f). This report has been prepared by the Charter School office on behalf of Chancellor Keating and is submitted to your office pursuant to s.
13.172(2).
Should you have questions or need additional information you can contact me at UW-Parkside, my email address is
Haubruch@uwp.edu. Note that I am only part-time and email works best for contacting me.
Respectfully yours,
PAUL A. HAUBRICH, PH.D.
Secretary
__________________
State of Wisconsin
Department of Administration
December 31, 2007
The Honorable, The Senate:
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 November 2007.
On November 1, 2007, the Wisconsin Health Education Loan Repayment Fund cash balance closed at a negative $2 thousand. This negative balance continued through November 30, 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 November 1, 2007, the Worker's Compensation Fund cash balance closed at a negative $1.8 million. This negative balance continued through November 30, 2007, when the fund's cash balance closed at a negative $2.9 million (its intra-month low). The negative balance was due to the difference in the timing of revenues and expenditures.
On November 1, 2007, the
Injured Patients and Families Compensation Fund cash balance closed at a negative $46.2 million. This negative balance continued through November 30, 2007, when the fund's cash balance closed at a negative $44.5 million. The
Injured Patients and Families Compensation Fund cash balance reached its intra-month low of a negative $46.3 million on November 13, 2007. 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 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 joint committee on Finance.
