On February 1, 2008, the Conservation Fund cash balance closed at a negative $3.0 million. This negative balance continued through February 29, 2008, when the fund's cash balance closed at a negative $12.1 million (its intra-month low). The negative balance was due to the difference in the timing of revenues and expenditures.
The Wisconsin Health Education Loan Repayment Fund, Injured Patients and Families Compensation Fund, Dry Cleaner Environmental Response Fund, and Conservation 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.
__________________
State of Wisconsin
Department of Public Instruction
April 1, 2008
The Honorable, The Senate:
The annual report on the status of the Preschool-to-Grade-Five (P-5) Program has been submitted to the Joint Committee on Finance and is submitted to you for referral to the appropriate standing committees pursuant to s.
115.45 (6) (b) and
(c), Wis. Stats.
All P-5 school district evaluation reports for 2006-07 are contained herein, reporting on the academic progress for all schools funded by the P-5 program. If you have any questions, please contact my office or April L. Holland in the DPI Office of Urban Education at (414-227-4942).
Sincerely,
elizabeth burmaster
State Superintendent
Referred to committee on Education.
__________________
Relating to major source definition and affecting small business.
Submitted by Department of Natural Resources.
Report received from Agency, April 3, 2008.
Referred to committee on Environment and Natural Resources, April 4, 2008
.
Relating to general permits for dredging in Great Lakes navigable waterways.
Submitted by Department of Natural Resources.
Report received from Agency, April 3, 2008.
Referred to committee on Environment and Natural Resources, April 4, 2008
.
