August 28, 2009
To the Honorable, the Legislature:
Enclosed is a copy of the HIRSP Authority's 2008 Annual Report. This is to fulfill our requirement of Statutes 149.43 (6) and referenced in 13.172 (2) of the Wisconsin State Statutes.
If you require any other information please contact our Operations Manager, Josh Weisbrod at 608-441-5777.
Sincerely,
Jackie Ferris
Executive Assistant
Referred to committee on Insurance.
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State of Wisconsin
Department of Administration
Madison
August 31, 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 July 2009.
On July 27, 2009, the General Fund cash balance closed at a negative $360.0 million (its intra-month low). This negative balance continued through July 31, 2009, when the fund's cash balance closed at a negative $209.8 million. The negative balance was due to the difference in the timing of revenues and expenditures.
On July 1, 2009, the Injured Patients and Families Compensation Fund cash balance closed at a negative $75.6 million (its intra-month low). This negative balance continued through July 31, 2009, when the fund's cash balance closed at a negative $57.1 million. 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.
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On July 1, 2009, the Medical Assistance Trust Fund cash balance closed at a negative $351.9 million. This negative balance continued through July 31, 2009, when the fund's cash balance closed at a negative $208.6 million. The Medical Assistance Trust Fund cash balance reached its intra-month low of a negative $363.2 billion on July 28, 2009. The negative balance was due to the difference in the timing of revenues and expenditures.
On July 1, 2009, the Utility Public Benefits Fund cash balance closed at a negative $172 thousand. This negative balance continued through July 31, 2009, when the fund's cash balance closed at a negative $4.8 million. The Utility Public Benefits Fund cash balance reached its intra-month low of a negative $8.8 million on July 30, 2009. The negative balance was due to the difference in the timing of revenues and expenditures.
On July 16, 2009, the Mediation Fund cash balance closed at a negative $2 thousand. This negative balance continued through July 31, 2009, when the fund's cash balance closed at a negative $21 thousand (its intra-month low). The negative balance was due to the difference in the timing of revenues and expenditures.
On July 27, 2009, the Lottery Fund cash balance closed at a negative $33.8 million. This negative balance continued through July 31, 2009, when the fund's cash balance closed at a negative $32.6 million. The Lottery Fund cash balance reached its intra month low of a negative $34.4 million on July 30, 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, Medical Assistance Trust Fund, Utility Public Benefits Fund, Mediation 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.
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State of Wisconsin
Department of Natural Resources
Madison
August 2009
To the Honorable, the Legislature:
Attached please find an electronic copy of the 2009 Groundwater Coordinating Council Report to the Legislature. This report fulfills statutory requirements under s.
15.347 (13), Wis. Stats., and is to be distributed to the appropriate standing committees on the environment and natural resources in the Senate and Assembly. In addition I'll deliver a paper copy to each of your offices next week (when available from the printer). If you would like more than one paper copy or have any questions please contact me.
Sincerely,
Jeff Helmuth
Program Coordinator
Referred to committee on Natural Resources.
