During this spring’s budget hearings, it was revealed that the University of Wisconsin System had large cash balances sitting in reserve. In response, the legislature froze tuition for two years and directed the Legislative Audit Bureau (LAB) to audit the UW System’s program revenue balances.
LAB found that the UW System’s program revenue balances totaled more than $1 billion as of June 30, 2013. Of that amount, LAB focused on reviewing the $755.4 million in balances that did not have a restricted use. The audit broke the total $755.4 million unrestricted balance into five categories: obligated, planned, designated, reserves, and undocumented. 18.8%, or $142.2 million, was “undocumented” meaning it had no documentation of an obligation or plan for the funds.
WisconsinEye’s Steve Walters sat down with Ann Coakley and Larry Lynch of the Wisconsin Department of Natural Resources to get an update on the application for the Gogebic Taconite mine proposal in Ashland and Iron counties.
The devastation caused by Super Typhoon “Haiyan” in the Philippines and tornadoes in the Midwest has prompted many relief organizations to ramp up their efforts to raise funds to help the storm victims. But in times of such a tragedy, legitimate relief organizations aren’t the only ones that ask for donations, warns the Wisconsin Department of Financial Institutions (DFI).
Starting in 2015, the Legislative Reference Bureau (LRB) will no longer print and distribute the Wisconsin Administrative Code and Register. Instead, the Code and Register will be published electronically on the Legislature’s and LRB’s websites.
The National Transportation Safety Administration estimates that car/deer collisions cost approximately $1 billion per year. In 2012 alone, 18,895 car/deer collisions were reported in Wisconsin, with the majority occurring in October and November.