FINANCIAL SERVICES COMMISSION (Program); OFFICE OF INSURANCE REGULATION; COMPLIANCE AND ENFORCEMENT - INSURANCEGovernor's Recommendations
2021-22
Current Year Budget
2020-21
Difference
DollarsPositionsDollarsPositionsDollarsPositions
$29,116,714247.00$29,059,556248.00$57,158(1.00)
 
Budget Issues (Continuation and New)
 Show Funding SourceGovernor's Recommendations
2021-22
Current Year Budget
2020-21
Difference
 DollarsPositionsDollarsPositionsDollarsPositions
Policy Area: REGULATION AND LICENSING
ADJUSTMENTS TO CURRENT YEAR ESTIMATED EXPENDITURES      
 RE-APPROVAL FIVE PERCENT TRANSFER WITHIN THE OFFICE OF INSURANCE REGULATION - ADD$00.00$10,2000.00($10,200)0.00
 RE-APPROVAL FIVE PERCENT TRANSFER WITHIN THE OFFICE OF INSURANCE REGULATION - DEDUCT$00.00($10,200)0.00$10,2000.00
 RE-APPROVAL OF FIVE PERCENT TRANSFER WITHIN OFFICE OF INSURANCE REGULATION - ADD$00.00$40,0000.00($40,000)0.00
 RE-APPROVAL OF FIVE PERCENT TRANSFER WITHIN OFFICE OF INSURANCE REGULATION - DEDUCT$00.00($40,000)0.00$40,0000.00
 RE-APPROVAL PROGRAM FLEXIBILITY AMENDMENT TO TRANSFER POSITION(S) WITHIN THE OFFICE OF INSURANCE REGULATION - ADD$00.00$41,9901.00($41,990)(1.00)
 REAPPROVAL FIVE PERCENT TRANSFER BETWEEN CATEGORIES WITHIN OFFICE OF INSURANCE REGULATION - ADD$00.00$10,0000.00($10,000)0.00
 REAPPROVAL FIVE PERCENT TRANSFER BETWEEN CATEGORIES WITHIN OFFICE OF INSURANCE REGULATION - DEDUCT$00.00($10,000)0.00$10,0000.00
ANNUALIZATION OF ADMINISTERED FUNDS APPROPRIATIONS      
 ANNUALIZATION OF STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2019-20 - FIVE MONTHS ANNUALIZATION$00.00$53,5080.00($53,508)0.00
 STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2020-21 - FIVE MONTHS ANNUALIZATION$98,2760.00$00.00$98,2760.00
 STATEWIDE PAY INCREASE FOR FY 2020-21 - THREE MONTHS ANNUALIZATION$119,0080.00$00.00$119,0080.00
CASUALTY INSURANCE PREMIUM ADJUSTMENT      
 CASUALTY INSURANCE PREMIUM DISTRIBUTION MODIFICATION$00.00$26,6080.00($26,608)0.00
 CASUALTY INSURANCE PREMIUM READJUSTMENT$00.00$7,3590.00($7,359)0.00
ESTIMATED EXPENDITURES      
 ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION - FY 2019-20 - EFFECTIVE 12/1/2019$00.00$74,9110.00($74,911)0.00
 ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION - FY 2020-21 - EFFECTIVE 12/1/2020$137,5870.00$137,5870.00$00.00
 CASUALTY INSURANCE PREMIUM ADJUSTMENT($93,323)0.00($100,682)0.00$7,3590.00
 ESTIMATED EXPENDITURES - OPERATIONS$28,454,749248.00$27,871,279247.00$583,4701.00
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT FOR FY 2019-20 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$00.00$36,7660.00($36,766)0.00
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT FOR FY 2020-21 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$203,5460.00$203,5460.00$00.00
 REALLOCATION OF HUMAN RESOURCES OUTSOURCING($27)0.00($340)0.00$3130.00
 SALARY INCREASES FOR FY 2020-21 - STATEWIDE PAY INCREASE - EFFECTIVE 10/1/2020$357,0240.00$357,0240.00$00.00
OFFICE OF INSURANCE REGULATION      
 ADDITIONAL CONTRACTED SERVICES AUTHORITY IN THE OFFICE OF INSURANCE REGULATION$00.00$350,0000.00($350,000)0.00
PROGRAM REDUCTIONS      
 ELIMINATE SCANNING UNIT - OFFICE OF INSURANCE REGULATION($66,620)(1.00)$00.00($66,620)(1.00)
 REDUCTION IN OFFICE SUPPLIES - OFFICE OF INSURANCE REGULATION($20,006)0.00$00.00($20,006)0.00
 REDUCTION IN THE OPERATING CAPITAL OUTLAY CATEGORY($73,500)0.00$00.00($73,500)0.00
Total Policy Area: REGULATION AND LICENSING$29,116,714247.00$29,059,556248.00$57,158(1.00)