Terry c. anderson
Director
__________________
State of Wisconsin
Department of Administration
November 30, 2010
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 October 2010.
On October 1, 2010, the Medical Assistance Trust Fund cash balance closed at a negative $1.8 million (its intra-month low). This negative balance continued through October 4, 2010, when the fund's cash balance closed at a positive $3.4 million. The negative balance was due to the difference in the timing of revenues and expenditures.
On October 1, 2010, the Environmental Fund cash balance closed at a negative $16.6 million (its intra-month low). This negative balance continued through October 4, 2010, when the fund's cash balance closed at a positive $7.9 million. The negative balance was due to the difference in the timing of revenues and expenditures.
On October 4, 2010, the Worker's Compensation Fund cash balance closed at a negative $650 thousand. This negative balance continued through October 31, 2010, when the fund's cash balance closed at a negative $685 thousand (its intra-month low). The negative balance was due to the difference in the timing of revenues and expenditures.
On October 4, 2010, the Mediation Fund cash balance closed at a negative $12 thousand. This negative balance continued through October 31, 2010, when the fund's cash balance closed at a negative $35 thousand (its intra-month low). The negative balance was due to the difference in the timing of revenues and expenditures.
On October 4, 2010, the Dry Cleaner Environmental Response Fund cash balance closed at a negative $35 thousand (its intra-month low). This negative balance continued through October 6, 2010, when the fund's cash balance closed at a positive $244 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
The Medical Assistance Trust Fund, Environmental Fund, Worker's Compensation Fund, Mediation Fund and Dry Cleaner Environmental Response 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,
daniel schooff
Secretary
Referred to joint committee on Finance.
__________________
State of Wisconsin
Legislative Audit Bureau
November 30, 2010
The Honorable, The Legislature:
At the request of the departments of Commerce and Administration, and in accordance with s.
13.94(1s), Wis. Stats., we have completed a financial audit of the State of Wisconsin Petroleum Inspection Fee Revenue Obligations Program for the fiscal years ending June 30, 2010, and June 30, 2009. We have provided our unqualified audit opinion on the Statement of Changes in Program Assets.
Under the program, the State was authorized to issue $386.9 million in revenue bonds and commercial paper to provide financing for payment of claims under the Petroleum Environmental Cleanup Fund Award (PECFA) program. These revenue obligations are not general obligation debt of the State. Instead, they are to be repaid primarily from the $0.02 per gallon fee charged to suppliers of petroleum products sold in Wisconsin.
During fiscal year 2009-10, the State refinanced the outstanding revenue bonds and a portion of the commercial paper. As of June 30, 2010, a total of $188.7 million in revenue obligations was outstanding, including $117.5 million in revenue bonds and $71.2 million in commercial paper.
By refinancing a portion of the program's revenue obligations, the State was able to reduce total inspection fees needed to make debt service payments during the 2009-11 biennium. However, the refinancing also extends the period of indebtedness.
The State collected $72.5 million in petroleum inspection fees during fiscal year 2009-10. Because of the refinancing, only $11.2 million of the inspection fees was retained by the program for debt service and other costs. The $61.3 million of excess inspection fees was deposited to the Petroleum Inspection Fund, of which $9.5 million was subsequently used to pay PECFA claims. The remaining $51.8 million was used for a variety of purposes, including transfers authorized by the Legislature in
2009 Wisconsin Act 28 of $16.3 million to the Transportation Fund and $12.5 million to the General Fund. In addition, at least $8.0 million was transferred to the General Fund to help the Department of Commerce meet lapse requirements related to
2007 Wisconsin Act 20 and
2009 Wisconsin Acts 2 and
28.
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We appreciate the courtesy and cooperation extended to us during our audit by staff of the departments of Commerce, Administration, and Revenue.
Sincerely,
janice mueller
State Auditor
__________________
State of Wisconsin
Government Accountability Board
December 1, 2010
The Honorable, The Senate:
The following lobbyists have been authorized to act on behalf of the organizations set opposite their names.
For more detailed information about these lobbyists and organizations and a complete list of organizations and people authorized to lobby the 2009-2010 session of the legislature, visit the Government Accountability Board's web site at:
http://gab.wi.gov/
Hooper, Joe'Mar City of Milwaukee
Also available from the Wisconsin Government Accountability Board are reports identifying the amount and value of time state agencies have spent to affect legislative action and reports of expenditures for lobbying activities filed by organizations that employ lobbyists.
Sincerely,
kevin kennedy
Director and General Counsel
__________________
Motions Under Senate Rule
98 and Joint Rule
7
for the Month of November 2010
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Grothman, for Allenton Elementary, on the occasion of receiving the Blue Ribbon School Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Schultz, for Jo Don Anderson, on the occasion of her extraordinary 36 years of meeting the library needs of the public libraries of Southwest Wisconsin.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Lasee, for the Brillion High School Varsity Football Team, on the occasion of attaining the 2010 WIAA Division 4 Varsity Football State Championship Title.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Harsdorf, for David Burge, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Schultz, for Nick Chiaverotti, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Grothman, for Michael Cibulka, on the occasion of receiving the 2010 Outstanding Citizen Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Jauch, for Jim and Joanne Collins, on the occasion of selflessly giving of their time and talents to a variety of community efforts in Northwest Wisconsin.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Lazich, for Austin R. Crisp, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Erpenbach, for Jack and Ruth Farrell, on the occasion of celebrating their 55th wedding Anniversary.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Harsdorf, for Nathan Franey, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Sullivan, for Elani Geinopolos, on the occasion of her dedication to preventing school bullying and improving student safety through education and legislation.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Grothman, for Erik Grant Grothman, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Lasee, for the Kewaunee High School Varsity Football Team, on the occasion of attaining the 2010 WIAA Division 4 Varsity Football State Championship Title.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Sullivan, for Erik I. Islo, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Grothman, for Christine M. King, on the occasion of receiving the 2010 Port Washington Chamber of Commerce Distinguished Service Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Lasee, for Roger Levendusky, on the occasion of his years of success in the broadcasting industry.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Harsdorf, for Ted Marris, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Erpenbach, for Aaron William Meier, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Holperin, for Sheriff John Niebuhr, on the occasion of his 37 years of dedicated service to the residents of Vilas County.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Lazich, for Timothy John Ohlert, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Jauch, for Jessica Pearce, on the occasion of her contributions to the Bayfield County's 4-H program.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Lehman, for The Prairie School Boys Soccer Team and coach Corey Oakland, on the occasion of WIAA Division 3 State Championship title.
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A certificate of commendation by the Wisconsin Senate on the motion of Senator Lasee, for Joe Rouer's Bar, on the occasion of years of success and wishes for many more to come.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Grothman, for Logan Matthew Schmidt, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Grothman, for Tyler J. Tennies, on the occasion of earning and attaining the rank of the Eagle Scout Award.
A certificate of commendation by the Wisconsin Legislature on the motion of Senator Ellis, for Bill Welch, on the occasion of his years of dedicated service to the Fox Cities and the Fox Cities Chamber of Commerce.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Grothman, for Westlawn Elementary, on the occasion of being the receipt of the Blue Ribbon School Award.
A certificate of congratulations by the Wisconsin Senate on the motion of Senator Grothman, for Doug Winquist, on the occasion of receiving the 2010 Port Washington Chamber of Commerce Distinguished Service Award.
A certificate of commendation by the Wisconsin Senate on the motion of Senator Lasee, for Ron Zimmerman, on the occasion of his years of success in the broadcasting industry.
