Joint Legislative Council
August 20, 2009
The Honorable, the Senate:
The Co-Chairs recommend appointment of the officers and members of the Law Revision Committee [s.
13.83 (1), Stats.], as set forth below:
Sen. Tim Carpenter, Co-Chair Rep. Mary Hubler,
Co-Chair
Sen. Glenn Grothman Rep. David Cullen
Sen. Jim Sullivan Rep. Roger Roth
Rep. Scott Suder
Sincerely,
Terry C. Anderson
Director
__________________
State of Wisconsin
Legislative Reference Bureau
August
31
, 2009
To the Honorable, the Legislature:
The following rules have been published in the August 31, 2009 Wisconsin Administrative Register No.644:
Clearinghouse Rules Effective Date(s)
08-0659-1-2009
08-0749-1-2009
08-0999-1-2009
08-1039-1-2009
09-002(part) 9-1-2009,
(part)11-1-2009
09-0059-1-2009
09-0069-1-2009
09-0119-1-2009
09-0229-1-2009
Sincerely,
BRUCE J. HOESLY
Senior Legislative Attorney/Code Editor
__________________
State of Wisconsin
Department of Administration
August 31, 2009
The Honorable, The Legislature:
S272
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.
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 joint committee on Finance.
