Comptroller Fiscal Year Memo Letter Head

January 22, 2013

 

Honorable Stephen M. Brewer, Chair
Senate Committee on Ways and Means

Honorable Brian S. Dempsey, Chair
House Committee on Ways and Means

Secretary Glen Shor
Executive Office for Administration and Finance

Honorable Martha Coakley
Attorney General

Dear Sirs and Madam:

As required by Chapter 29 §2TT of the Mass. General Laws, the Office of the Comptroller is submitting this report on the Liability Management & Reduction Fund to the House and Senate Committees on Ways & Means, the Secretary of Administration & Finance, and the Attorney General.

This report contains the Fund’s financial statement for FY 2012 (see attachment 1) as published in the audited Commonwealth Statutory Based Financial Report. Revenues consist of interest income from investments, categorized as miscellaneous revenue and departmental premiums, derived from each department’s five-year average for tort payments and litigation costs from FY 2007 through FY 2011, (see attachment 2).

If you have any questions regarding this information, please call Kathy Sheppard at (617) 973-2666.

Sincerely,

Martin J. Benison
Comptroller

MJB/jn

Enc.
Attachment 1 pdf format of    Dec 2011 LMRF Attachment 1
Attachment 2 pdf format of    Dec 2011 LMRF Attachment 2

cc:           
Peter Sacks, AGO Deputy Chief, Government Bureau
Doug Howgate, Budget Director, Senate Ways and Means Committee                
Samuel Goldhar, Budget Director, House Ways and Means Committee