ATCP 99.235(2)(a) (a) A contributing grain warehouse keeper who operates grain warehouses with a combined capacity of less than 500,000 bushels shall pay an annual fund assessment equal to the greater of the following amounts:

ATCP 99.235(2)(a)1. 1. $100.

ATCP 99.235(2)(a)2. 2. If the fund balance attributable to grain warehouse keepers is less than $1 million on May 31 of the last preceding license year, then the sum of the amounts calculated under s. 126.30 (1) (a) and (b), Stats., multiplied by 1.5.

ATCP 99.235(2)(b) (b) A contributing grain warehouse keeper who operates grain warehouses with a combined capacity greater than 500,000 bushels shall pay an annual fund assessment equal to the greater of the following amounts:

ATCP 99.235(2)(b)1. 1. $250.

ATCP 99.235(2)(b)2. 2. If the fund balance attributable to grain warehouse keepers is less than $1 million on May 31 of the last preceding license year, then the sum of the amounts calculated under s. 126.30 (1) (a) and (b), Stats.

ATCP 99.235(3) (3) Reduced assessment. A contributing grain warehouse keeper’s annual fund assessment under sub. (1) is reduced by the following applicable amounts:

ATCP 99.235(3)(a) (a) The amount calculated under s. 126.30 (5m), Stats., if the contributing grain warehouse keeper files security under s. 126.31 (1) (b), Stats.

ATCP 99.235(3)(b) (b) The amount of any refund that applies under s. ATCP 99.25. The refund shall be paid as a credit against the contributing grain warehouse keeper’s annual fund assessment for the next license year, as provided in s. ATCP 99.25 (3).

ATCP 99.235(3)(c) (c) The amount of any assessment reduction that applies under s. ATCP 99.255.

ATCP 99.235(4) (4) Exemption. A contributing grain warehouse keeper is not required to pay any fund assessment under this section for a license year if all of the following apply.

ATCP 99.235(4)(a) (a) The grain warehouse keeper was classified as a contributing grain warehouse keeper in each of the 5 license years immediately preceding that license year.

ATCP 99.235(4)(b) (b) The fund balance attributable to grain warehouse keepers was at least $500,000 on May 31 of the last preceding license year.

ATCP 99.235(4)(c) (c) The overall fund balance was at least $11 million on May 31 of the last preceding license year.

ATCP 99.235 History History: CR 07-073: cr. Register December 2008 No. 636, eff. 1-1-09; CR 18-061: am. (2) (a) 2., (b) 2., (4) (b), Register February 2020 No. 770 eff. 3-1-20.

ATCP 99.24 ATCP 99.24 Grain warehouse keeper; financial statement.

ATCP 99.24(1) (1) General. A grain warehouse keeper’s financial statement, filed under s. 126.28, Stats., shall comply with this section and s. 126.28, Stats.

ATCP 99.24(2) (2) Liability disclosures. A financial statement shall include a detailed description of all notes, mortgages and other long-term liabilities not due or payable within one year. The description shall be included in the financial statement notes, or as an attachment to the financial statement. The description shall indicate the nature of the liabilities, the due dates and the payment terms.

ATCP 99.24(3) (3) Liability classification. A financial statement shall classify, as current liabilities, notes payable that do not have specific due dates.

ATCP 99.24(4) (4) Asset disclosures.

ATCP 99.24(4)(a) (a) A financial statement shall specifically identify and explain, in the financial statement notes or as an attachment to the financial statement, the following assets:

ATCP 99.24(4)(a)1. 1. Every non-trade note or account receivable from an officer, director, employee, partner, or stockholder, or from a member of the family of any of those individuals.

ATCP 99.24(4)(a)2. 2. Every note or account receivable from a parent organization, a subsidiary, or an affiliate, other than an employee.

ATCP 99.24(4)(a)3. 3. Every note or account that has been receivable for more than one year, unless the grain warehouse keeper has established an offsetting reserve for uncollectible notes and accounts receivable.

ATCP 99.24(4)(b) (b) A financial statement shall include at least one of the following:

ATCP 99.24(4)(b)1. 1. An allowance for doubtful or uncollectible receivables. The notes to the financial statement shall describe the method used to account for doubtful or uncollectible receivables.

ATCP 99.24(4)(b)2. 2. A summary classifying the age of all notes and accounts receivable.

ATCP 99.24(5) (5) Additional information. A financial statement shall separately and clearly disclose, in the financial statement notes or as an attachment to the financial statement, all of the following information for each kind of grain as of the date of the balance sheet:

ATCP 99.24(5)(a) (a) The total number of bushels of grain in the warehouse keeper’s warehouse.