Building a robust and successful internal management program requires the ability to attract and retain experienced staff. The trust funds have benefited financially from the decisions of Wisconsin policymakers and WRS leaders to support adding the staff and offering the compensation necessary for SWIB to sustain and expand low cost internal management. In fact, the cumulative added return from our internal investments in stocks and bonds over the five years ending December 31, 2009, was over $200 million after costs.
By being directly engaged in the markets, SWIB's internal management program also helps the WRS in other important ways. SWIB is more informed in setting overall long-term strategy and can be more nimble in the volatile financial markets that continue to challenge investors.
Sincerely,
james a. sentry
Chair
__________________
State of Wisconsin
Department of Administration
Department of Natural Resources
March 17, 2011
The Honorable, The Senate:
Environmental Improvement Fund (EIF) program legislation (s.281.59(3)(bm)2, Wis. Stats.) requires the Department of Natural Resources and the Department of Administration to submit to the Legislature and to the State Building Commission any amendments to the EIF Biennial Finance Plan that were made by the Governor for inclusion in the budget. The purpose of the Plan is to provide information on loan, loan subsidy, and bonding levels for program operations in the 2011-2013 biennium.
A third, and final, version of the Biennial Finance Plan will be distributed after the biennial budget is enacted.
If you have any questions regarding the Biennial Finance Plan, please contact Robin Schmidt at 266-3915 or Michael Wolff at 267-2734.
Sincerely,
frank r. hoadley
Capital Finance Director
Department of Administration
robin schmidt
Chief, Environment Loans
Bureau of Community Financial Assistance
Department of Natural Resources
Referred to joint committee on Finance.
Referred to committee on Natural Resources and Environment.
__________________
State of Wisconsin
Office of the Governor
March 17, 2011
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Landry
, Dr. Gregory,
of Middleton, as a member of the Athletic Trainers Affiliated Credentialing Board, to serve for the term ending July 1, 2012.
Respectfully submitted,
SCOTT WALKER
Governor
Read and referred to committee on Health.
State of Wisconsin
Office of the Governor
March 17, 2011
The Honorable, The Senate:
I am pleased to nominate and with the advice and consent of the Senate, do appoint Ott
, Dr. Carol,
of Mequon, as a member of the Board of Nursing, to serve for the term ending July 1, 2014.
Respectfully submitted,
SCOTT WALKER
Governor
Read and referred to committee on Health.
