Dennis G. Smith
Secretary
Referred to committee on Aging and Long-Term Care.
__________________
State of Wisconsin
Department of Administration
Madison
February 28, 2011
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 January 2011.
On January 1, 2011, the General Fund cash balance closed at a negative $123.2 million (its intra-month low). This negative balance continued through January 4, 2011, when the fund's cash balance closed at a positive $814.7 million. The negative balance was due to the difference in the timing of revenues and expenditures.
On January 1, 2011, the Medical Assistance Trust Fund cash balance closed at a negative $172.4 million. This negative balance continued through January 31, 2011, when the fund's cash balance closed at a negative $204.5 million. The Medical Assistance Trust Fund cash balance reached its intra-month low of a negative $208.6 million on January 13, 2011. The negative balance was due to the difference in the timing of revenues and expenditures.
On January 1, 2011, the Police and Fire Protection Fund cash balance closed at a negative $38.8 million (its intra-month low). This negative balance continued through January 31, 2011, when the fund's cash balance closed at a negative $34.1 million. The negative balance was due to the difference in the timing of revenues and expenditures.
On January 1, 2011, the Petroleum Inspection Fund cash balance closed at a negative $1.0 million. This negative balance continued through January 20, 2011, when the fund's cash balance closed at a positive $2.1 million. The Petroleum Inspection Fund cash balance reached its intra-month low of a negative $1.6 million on January 13, 2011. The negative balance was due to the difference in the timing of revenues and expenditures.
On January 13, 2011, the Conservation Fund cash balance closed at a negative $896 thousand. This negative balance continued through January 31, 2011, when the fund's cash balance closed at a negative $12.6 million (its intra-month low). The negative balance was due to the difference in the timing of revenues and expenditures.
On January 19, 2011, the Democracy Trust Fund cash balance closed at a negative $300 thousand (its intra-month low). This negative balance continued through January 31, 2011, when the fund's cash balance closed at a negative $300 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
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The General Fund, Medical Assistance Trust Fund, Police and Fire Protection Fund, Petroleum Inspection Fund, Conservation Fund, and Democracy Trust 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,
Mike Huebsch
Secretary
Referred to committee on Ways and Means and joint committee on Finance.
__________________
State of Wisconsin
Department of Public Instruction
Madison
March 1, 2011
To the Honorable, the Legislature:
The annual report on the status of the Preschool-to-Grade-Five (P-5) Program has been submitted to the Joint Committee on Finance and is submitted to you for referral to the appropriate standing committees pursuant to s.
115.45 (6)(b) and
(c), Wis. Stats.
If you have any questions, please contact my office or Kevin Ingram, Director, Wisconsin Educational Opportunity Programs and Office of Urban Education at (414) 227-4413 or
kevin.ingram@dpi.wi.gov.
Sincerely,
Tony Evers
State Superintendent
Referred to committee on Education.
