To committee on Rules.
Leah Vukmir
Chairperson
Committee on Education Reform
The committee on Health reports and recommends:
Assembly Bill 5
Relating to: health benefit purchasing cooperatives.
Passage:
Ayes: 13 - Representatives Underheim, Vukmir, Gielow, Wieckert, Krawczyk, Hundertmark, Strachota, Moulton, Wasserman, Shilling, Vruwink, Benedict and Nelson.
Noes: 0.
To committee on Rules.
Gregg Underheim
Chairperson
Committee on Health
__________________
Speaker's Appointments
January 18, 2005
Mr. Patrick Fuller
Assembly Chief Clerk
Room 208, Risser Justice Center
17 West Main Street
Madison, Wisconsin 53708
Dear Mr. Fuller:
Pursuant to Wisconsin Statute Section
15.465 (2), Representative John Ainsworth, as chairman of the Assembly Committee on Transportation, is a member of the Rustic Roads Board.
Sincerely,
John G. Gard
Speaker
__________________
A39
Referral of Agency Reports
State of Wisconsin
Department of Revenue
Madison
January 14, 2005
To the Honorable, the Legislature:
I am submitting the quarterly report of the Wisconsin Lottery for the quarter ending December 31, 2004. As required by §
565.37(3), Wis. Stats., the attached materials contain unaudited Wisconsin Lottery year to date Revenue and Expenditure information.
Total operating revenues for the quarter ending December 31, 2004 were $224.3 million, down from $249.4 million for the same quarter last year. This year has seen a $24.3 million decline in Powerball sales, which are driven by large jackpots. At this time last year, there had been four jackpots in excess of $125 million. This year there have been two jackpots in excess of $125 million.
The information reported here is a summary and is not intended to be a complete financial accounting of Wisconsin Lottery operations.
If you have any questions or comments regarding this report, please feel free to contact me at (608) 266-6466.
Sincerely,
Michael L. Morgan
Secretary
Referred to committee on State Affairs.
__________________
State of Wisconsin
Department of Administration
Madison
January 18, 2005
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 December 2004.
On December 6, 2004, the General Fund cash balance closed at a negative $247.2 million. The fund's negative cash balance continued until December 20, 2004, when the fund's cash balance closed at a positive $171.2 million. The General Fund cash balance reached its intramonth low of a negative $351.8 million on December 9, 2004. The negative balance was due to the difference in the timing of revenues and expenditures.
On December 1, 2004, the
Medical Assistance Trust Fund cash balance closed at its intramonth low of a negative $187.6 million. The fund's negative cash balance continued through December 31, 2004, when the fund's cash balance closed at a negative $184.0 million. The deficit is due to federal revenues falling short of estimates included in
2003 Wisconsin Act 33.
On December 1, 2004, the Tuition Trust Fund cash balance closed at a negative $14.0 thousand. The fund's negative cash balance continued through December 31, 2004, when the fund's cash balance closed at a negative $11.0 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
The General Fund, the Medical Assistance Trust Fund, and the Tuition 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,
Marc J. Marotta
Secretary
Referred to committee on Ways and Means.
__________________
Representative Owens moved that the Assembly stand adjourned until 10:00 A.M. on Tuesday, January 25.
The question was: Shall the Assembly stand adjourned?
Motion carried.
The Assembly stood adjourned.
1:31 P.M.
