__________________
State of Wisconsin
Department of Administration
Month Date, 2009
The Honorable, The Legislature:
S530
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 December 2009.
On December 1, 2009, the In
jured Patients and Families Compensation Fund cash balance closed at a negative $19.7 million (its intra-month low). This negative balance continued through December 31, 2009, when the fund's cash balance closed at a negative $13.8 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 December 1, 2009, the Utility Public Benefits Fund cash balance closed at a negative $13.0 million. This negative balance continued through December 31, 2009, when the fund's cash balance closed at a negative $17.9 million (its intra-month low). The negative balance was due to the difference in the timing of revenues and expenditures.
On December 1, 2009, the Permanent Endowment Fund cash balance closed at a negative $2.0 million. This negative balance continued through December 31, 2009, 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 December 1, 2009, the Workers Compensation Fund cash balance closed at a negative $3.2 million. This negative balance continued through December 31, 2009, when the fund's cash balance closed at a negative $3.2 million. The Workers Compensation Fund cash balance reached its intra-month low of a negative $4.0 million on December 24, 2009. The negative balance was due to the difference in the timing of revenues and expenditures.
On December 1, 2009, the Medical Assistance Trust Fund cash balance closed at a negative $43.0 million. This negative balance continued through December 31, 2009, when the fund's cash balance closed at a negative $79.4 million. The Medical Assistance Trust Fund cash balance reached its intra-month low of a negative $80.3 million on December 29, 2009. The negative balance was due to the difference in the timing of revenues and expenditures.
On December 1, 2009, the Police and Fire Protection Fund cash balance closed at a negative $37.4 million (its intra-month low). This negative balance continued through December 31, 2009, when the fund's cash balance closed at a negative $32.2 million. The negative balance was due to the difference in the timing of revenues and expenditures.
The Injured Patients and Families Compensation Fund, Utility Public Benefits Fund, Permanent Endowment Fund, Workers Compensation Fund, Medical Assistance Trust Fund, and Police and Fire Protection 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 the joint committee on Finance.
__________________
State of Wisconsin
Office of the Governor
January 27, 2010
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Michaelsen, Glenn,
of Brookfield, as a member of the Accounting Examining Board, to serve for the term ending July 1, 2013.
Respectfully Submitted,
JIM DOYLE
Governor
Read and referred to committee on Economic Development.
__________________
Relating to medicare supplement and replacement guarantee issue eligibility and affecting small business.
Submitted by Insurance Commissioner.
Report received from Agency, January 26, 2010.
Referred to committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue,
January 29, 2010.
__________________
By Patrick E. Fuller, chief clerk.
Mr. President:
I am directed to inform you that the Assembly has passed and asks concurrence in:
Assembly Bill 347
Assembly Bill 371
Assembly Bill 532
Assembly Bill 548
Assembly Bill 574
Assembly Bill 575
Assembly Bill 579
Concurred in:
Senate Bill 284
Senate Bill 415
Senate Bill 440
Senate Bill 498
Senate Amendment 1 to Assembly Bill 47
Senate Amendment 1 to Assembly Bill 229
Senate Amendment 1 to Assembly Bill 165
Nonconcurred in:
Senate Amendment 1 to Assembly Bill 411
Assembly Bill
219
Relating to: requiring that personal flotation devices be worn by certain underage persons in certain boats.
By Representatives Clark, Staskunas, Hebl, Hraychuck, Cullen, Pasch, Jorgensen, Berceau, A. Ott, Petrowski, Smith, Steinbrink, Townsend, Zepnick and Zigmunt; cosponsored by Senators Sullivan, Cowles, Lassa, Lehman, Miller, Risser, Taylor and Wirch.
Read first time and referred to committee on Transportation, Tourism, Forestry, and Natural Resources.
Assembly Bill
372
Relating to: the disposal of solid waste from a household on the property where it is generated.
By Representatives Molepske Jr., Clark, Roys, Berceau and Turner; cosponsored by Senators Lehman and Taylor.
Read first time and referred to committee on Environment.
Assembly Bill
414
Relating to: requirements for a certificate of food protection practices and providing an exemption from emergency rule procedures.
By Representatives Richards, Petrowski, Bernard Schaber and Townsend; cosponsored by Senators Risser, Hopper and Taylor.
Read first time and referred to committee on Public Health, Senior Issues, Long-Term Care, and Job Creation.
Assembly Bill
494
Relating to: the methodology for filing campaign finance reports in electronic format.
By Representatives Mason, Vos, Sherman, Kestell, Roys, Gunderson, Berceau, LeMahieu, Pope-Roberts, A. Williams, Clark, Townsend, Nerison, Brooks, Jorgensen and Grigsby; cosponsored by Senators Risser, Darling, Holperin and Taylor.
Read first time and referred to committee on Ethics Reform and Government Operations.
Assembly Bill
502
Relating to: requiring the Department of Revenue to certify the tax base of Tax Incremental Financing District Number 18 in the city of Waukesha.
By Representatives Kramer and Newcomer; cosponsored by Senator Kanavas
.
Read first time and referred to committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue.
Assembly Bill
560
Relating to: remedial statutory changes affecting the Wisconsin Employment Relations Commission (suggested as remedial legislation by the Wisconsin Employment Relations Commission).
By Law Revision Committee.
Read first time and referred to committee on Labor, Elections and Urban Affairs.
