State of Wisconsin
Office of the Secretary of State
Madison
To Whom It May Concern:
Acts, Joint Resolutions and Resolutions deposited in this office have been numbered and published as follows:
Bill Number Act Number Publication Date
Assembly Bill 14827June 29, 2011
Sincerely,
Douglas La Follette
Secretary of State
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Referral of Agency Reports
State of Wisconsin
University of Wisconsin System
Madison
June 15, 2011
To the Honorable, the Legislature:
2009 Wisconsin Act 265 authorized the WiSys Technology Foundation to conduct the Wisconsin Small Company Advancement Program (WiSCAP) and appropriated $2 million in funds under s.
20.285 (1)(cd), Wisconsin Statutes. The program was formulated to utilize the considerable technical expertise of faculty and staff members working at University of Wisconsin System comprehensive campuses in helping small, Wisconsin-based companies meet their research and development needs.
Section
36.25 (52)(c) Wisconsin Statutes requires the Board of Regents of the University of Wisconsin System to report on the program's activities at least annually to the Joint Committee on Finance and the Chief Clerks of both houses of the Wisconsin Legislature. This required report is attached for your information and distribution to appropriate members of the legislature (i.e., JCF and standing committees on Higher Education).
Please contact Dr. Maliyakal John, Managing Director of the WiSys Technology Foundation at (608) 265-2135 if you have any questions related to this report.
Sincerely,
Deborah A. Durcan
Vice President for Finance
Referred to committee on Colleges and Universities.
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Agency Reports
State of Wisconsin
Legislative Audit Bureau
Madison
June 16, 2011
To the Honorable, the Assembly:
At the request of the Department of Workforce Development and to meet our audit responsibilities under s.
13.94, Wis. Stats., we have audited the financial statements of the State of Wisconsin Unemployment Reserve Fund. It funds regular unemployment benefits paid to eligible individuals and is funded primarily through taxes paid by employers. During the period we reviewed, certain other benefits funded by the federal government, including extended and emergency unemployment benefits, were also paid. This audit report contains our unqualified opinion on the Unemployment Reserve Fund's financial statements and related notes for the years ended June 30, 2010 and 2009.
In the past ten years, the Fund's balance has declined from a high of $1.9 billion as of June 30, 2000, to a deficit in the amount of ($920.4 million) as of June 30, 2010. As its reserves have been depleted, the Fund has borrowed from the federal government to pay unemployment benefits to eligible individuals. The balance owed to the federal government as of May 31, 2011, was $1.3 billion plus an additional $25.4 million in interest accrued on the loan as of that date.
Accompanying the financial statements is the Schedule of Cash Balance Related to Taxable Employers, which is used to determine the tax rate paid by employers. Section
108.18(3m), Wis. Stats., requires the highest tax rate schedule to be applied when the Fund's cash balance as of June 30 is less than $300 million. Consequently, the highest of four tax rate schedules is being applied in calendar year 2011.
We appreciate the courtesy and cooperation extended to us by Department of Workforce Development staff in completing the audit.
Respectfully submitted,
Janice Mueller
State Auditor
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Representative Suder moved that the Assembly stand adjourned until 10:00 A.M. on Tuesday, June 21.
The question was: Shall the Assembly stand adjourned?
Motion carried.
The Assembly stood adjourned.
1:07 A.M.