To the Honorable, the Legislature:
This report is transmitted as required by sec. 20.002(11)(f) of the Wisconsin Statutes, (for distribution to the appropriate standing committees under sec. 13.172(3) Stats.), 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 balances during the month of October, 1996.
On October 3, 1996 the Wisconsin Health Education Loan Repayment Fund balance was -$1 thousand. This shortfall continued through the end of the month. This shortfall was due to the timing of revenues.
On October 11, 1996 the Wisconsin Information Technology Services Fund balance was -$1.54 million. This shortfall continued through the end of the month. This shortfall was due to the timing of revenues.
The Wisconsin Health Education Loan Repayment Fund and Information Technology Services Fund shortfalls were not in excess of the $400 million ceiling 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.
Sincerely,
James R. Klauser
Secretary, DOA
__________________
State of Wisconsin
Department of Corrections
Madison
November 13, 1996
To the Honorable, the Legislature:
Attached is the first quarter report on Prison Industries for the fiscal year ending June 30, 1997, as required by Section
303.019 of the Wisconsin Statutes. This report includes the year-to-cash balance of each industry.
Prison Industries had a cash deficit of $2,071,958 through the second quarter ending September 30, 1996. During each fiscal year Prison Industries purchases substantial inventory during the first quarter. The actual cash expenditure for the time period was $3,793,422.
Revenues for the same time period were $3,166,483. Prison Industries has adequate fixed assets, inventories and receivables to cover the overdraft.
The projected profit on the accrual basis for the fiscal year ending June 30, 1997 is $125,000.
Sincerely,
Michael J. Sullivan
Secretary, Department of Corrections
James R. Klauser,
Secretary, Department of Administration
__________________
State of Wisconsin
Legislative Audit Bureau
Madison
November 27, 1996
To the Honorable, the Assembly:
We have audited the financial statements of ECB Radio and Television (public telecommunications entities operated by the Wisconsin Educational Communications Board) for the year ended June 30, 1996 and have issues our reports on these statements, dated November 22, 1996.
The audit was requested by the Educational Communications Board to fulfill the audit requirements of the Corporation for Public Broadcasting. The Corporation requires audited financial statements of public broadcasting entities and certification of these entities' non-federal revenue sources in determining future funding levels.
The audit reports include no major findings, conclusions, or recommendations.
A1226
Copies of the audit reports have been distributed to members of the Joint Legislative Audit Committee and those required by law to receive copies. If you are interested in receiving copies of the audit reports, please contact our office and request report numbers 96-15 and 96-16.
Sincerely,
Dale Cattanach
State Auditor
__________________
State of Wisconsin
Legislative Audit Bureau
Madison
November 27, 1996
To the Honorable, the Assembly:
We have audited the financial statements of WHA Radio and Television (public telecommunications entities operated by the University of Wisconsin-Extension) for the year ended June 30, 1996 and have issues our reports on these statements, dated November 22, 1996.
The audit was requested by the University of Wisconsin-Extension to fulfill the audit requirements of the Corporation for Public Broadcasting. The Corporation requires audited financial statements of public broadcasting entities and certification of these entities' non-federal revenue sources in determining future funding levels.
The audit reports include no major findings, conclusions, or recommendations.
Copies of the audit reports have been distributed to members of the Joint Legislative Audit Committee and those required by law to receive copies. If you are interested in receiving copies of the audit reports, please contact our office and request report numbers 96-17 and 96-18.
Sincerely,
Dale Cattanach
State Auditor
