Assembly Bill 864
Assembly Bill 898
Presented to the Governor on Thursday, May 6.
Patrick E. Fuller
Assembly Chief Clerk
__________________
Executive Communications
State of Wisconsin
Office of the Governor
Madison
May 6, 2010
To the Honorable Members of the Assembly:
The following bills, originating in the Assembly, have been approved, signed and deposited in the office of the Secretary of State:
Bill Number Act Number Date Approved
Assembly Bill 496220May 5, 2010
Assembly Bill 778222May 5, 2010
Assembly Bill 561234May 5, 2010
Assembly Bill 563235May 5, 2010
Assembly Bill 564236May 5, 2010
Assembly Bill 565237May 5, 2010
Assembly Bill 566238May 5, 2010
Respectfully submitted,
JIm Doyle
Governor
__________________
Referral of Agency Reports
State of Wisconsin
Department of Revenue
Madison
April 30, 2010
To the Honorable, the Legislature:
I am submitting the quarterly report of the Wisconsin Lottery for the quarter ending March 31, 2010. As required by s.
565.37 (3), Wis. Stats., the attached materials contain unaudited Wisconsin Lottery year-to-date Revenue and Expenditure information.
A975
Operating revenue for the quarter was down $1.4 million or 1.2 percent compared to the same quarter last year. Year to date, operating revenue is up $4.7 million or 1.3 percent from last year.
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
Referred to committee on State Affairs and Homeland Security.
__________________
State of Wisconsin
Department of Administration
Madison
April 30, 2010
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 2010.
On March 1, 2010, the Utility Public Benefits Fund cash balance closed at a negative $9.5 million. This negative balance continued through March 31, 2010, when the fund's cash balance closed at a negative $12.4 million. The Utility Public Benefits Fund cash balance reached its intra-month low of a negative $12.5 million on March 29, 2010. The negative balance was due to the difference in the timing of revenues and expenditures.
On March 1, 2010, the Permanent Endowment Fund cash balance closed at a negative $2.0 million (its intra-month low). This negative balance continued through March 31, 2010, when the fund's cash balance closed at a negative $2.0 million. The negative balance was due to the difference in the timing of revenues and expenditures.
On March 1, 2010, the Medical Assistance Trust Fund cash balance closed at a negative $227.3 million. This negative balance continued through March 31, 2010, when the fund's cash balance closed at a negative $315.0 million. The Medical Assistance Trust Fund cash balance reached its intra-month low of a negative $316.1 million on March 23, 2010. The negative balance was due to the difference in the timing of revenues and expenditures.
On March 1, 2010, the Police and Fire Protection Fund cash balance closed at a negative $23.1 million (its intra-month low). This negative balance continued through March 31, 2010, when the fund's cash balance closed at a negative $19.4 million. The negative balance was due to the difference in the timing of revenues and expenditures.
On March 1, 2010, the Conservation Fund cash balance closed at a negative $27.8 million (its intra-month low). This negative balance continued through March 15, 2010, when the fund's cash balance closed at a positive $37.1 million. The negative balance was due to the difference in the timing of revenues and expenditures.
The Utility Public Benefits Fund, Permanent Endowment Fund, Medical Assistance Trust Fund, Police and Fire Protection 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 committee on Ways and Means and joint committee on Finance.
__________________
Representative Kerkman moved that the Assembly stand adjourned pursuant to Senate Joint Resolution 1.
The question was: Shall the Assembly stand adjourned?
Motion carried.
The Assembly stood adjourned.
11:18 A.M.
