On February 1, 2010, the Police and Fire Protection Fund cash balance closed at a negative $27.8 million (its intra-month low). This negative balance continued through February 28, 2010, when the fund's cash balance closed at a negative $25.6 million. The negative balance was due to the difference in the timing of revenues and expenditures.
On February 1, 2010, the Conservation Fund cash balance closed at a negative $13.9 million. This negative balance continued through February 28, 2010, when the fund's cash balance closed at a negative $28.5 million (its intra-month low). 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, 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 joint committee on Finance.
__________________
State of Wisconsin
Department of Health Services
April 1, 2010
The Honorable, The Legislature:
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I am pleased to submit to the Legislature the enclosed report as required by Chapter
153, Wisconsin Statutes. The report describes "the content and number of reports and currency of information and reports generated in the previous calendar year" by the Wisconsin Hospital Association Information Center (WHAIC). WHAIC produced all required reports.
Sincerely,
karen e. timberlake
Secretary
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Relating to allocation of the midwestern disaster area bonding authority provided to Wisconsin under the federal Heartland Disaster Tax Relief Act of 2008, and affecting small businesses.
Submitted by Department of Commerce.
Report received from Agency, March 25, 2010.
Referred to committee on Commerce, Utilities, Energy, and Rail, March 31, 2010
.
Relating to the veterans tuition reimbursement program.
Submitted by Department of Veterans Affairs.
Report received from Agency, March 30, 2010.
Referred to committee on Veterans and Military Affairs, Biotechnology, and Financial Institutions,
March 31, 2010
.
__________________
The committee on Commerce, Utilities, Energy, and Rail reports and recommends:
No action taken.
Relating to fees for plan review and inspection of public swimming pools and water attractions and affecting small business.
No action taken.
Jeffrey Plale
Chairperson
