To joint committee on Finance.
__________________
Referral of Agency Reports
State of Wisconsin
Department of Administration
Madison
April 27, 2009
To the Honorable, the Legislature:
I am proud to provide this report to you documenting that for the first time in the 25-year history of the Minority Business Enterprise (MBE) program, we surpassed the five percent goal. In fiscal year 2008, state government spent close to $95 million, or 5.87 percent, with MBE firms for products, services, facilities and highways. This is the largest amount spent with minority businesses in the program's history, as well.
Over the past four years we continually made progress in improving the participation of certified minority-owned firms in providing services and products for state government. Through your leadership on this issue, we have finally reached a significant milestone in the program.
State agencies will work to build on our success. We will continue to push for better and more effective ways to open access to minority-owned businesses who are interested in doing business with the state, including our work with your Business Opportunity Advisory Commission to improve the program.
We will continue to focus on providing opportunities for minority-owned businesses to compete for state contracts and to help minority entrepreneurs grow and succeed.
Sincerely,
Michael L. Morgan
Secretary
Referred to committee on Jobs, the Economy and Small Business.
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A169
State of Wisconsin
Department of Administration
Madison
April 30, 2009
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 March 2009.
On March 23, 2009, the General Fund cash balance closed at a negative $337.1 million. This negative balance continued through March 31, 2009, when the fund's cash balance closed at a negative $495.3 million (its intra-month low). The negative balance was due to the difference in the timing of revenues and expenditures.
On March 1, 2009, the Injured Patients and Families Compensation Fund cash balance closed at a negative $73.2 million. This negative balance continued through March 31, 2009, when the fund's cash balance closed at a negative $76.8 million. The Injured Patients and Families Compensation Fund cash balance reached its intra month low of a negative $77.0 million on March 27, 2009. The negative balance was due to the transfer of $200 million to the Medical Assistance Trust Fund per
2007 Wisconsin Act 20, and the pending liquidation of fund securities necessary to offset this shortfall.
On March 1, 2009, the Conservation Fund cash balance closed at a negative $18.8 million. This negative balance continued through March 16, 2009, when the fund's cash balance closed at a positive $14.5 million. The Conservation Fund cash balance reached its intra-month low of a negative $19.5 million on March 5, 2009. The negative balance was due to the difference in the timing of revenues and expenditures.
On March 19, 2009, the Utility Public Benefits Fund cash balance closed at a negative $150 thousand. This negative balance continued through March 31, 2009, when the fund's cash balance closed at a negative $2.1 million (its intra-month low). The negative balance was due to the difference in the timing of revenues and expenditures.
On March 23, 2009, the Lottery Fund cash balance closed at a negative $2.8 million. This negative balance continued through March 31, 2009, when the fund's cash balance closed at a negative $1.6 million. The Lottery Fund cash balance reached its intra-month low of a negative $4.0 million on March 26, 2009. The negative balance was due to the difference in the timing of revenues and expenditures.
The General Fund, Injured Patients and Families Compensation Fund, Conservation Fund, Utility Public Benefits Fund, and Lottery 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 and joint committee on Finance.
