FINANCIAL SERVICES COMMISSION (Program); OFFICE OF FINANCIAL REGULATION; FINANCE REGULATIONGovernor's Recommendations
2021-22
Current Year Budget
2020-21
Difference
DollarsPositionsDollarsPositionsDollarsPositions
$10,128,54283.00$12,421,909100.00($2,293,367)(17.00)
 
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 FINANCIAL REGULATION - ADD$00.00$100,0000.00($100,000)0.00
 RE-APPROVAL FIVE PERCENT TRANSFER WITHIN THE OFFICE OF FINANCIAL REGULATION - DEDUCT$00.00($100,000)0.00$100,0000.00
ANNUALIZATION OF ADMINISTERED FUNDS APPROPRIATIONS      
 ANNUALIZATION OF STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2019-20 - FIVE MONTHS ANNUALIZATION$00.00$24,2210.00($24,221)0.00
 STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2020-21 - FIVE MONTHS ANNUALIZATION$42,0850.00$00.00$42,0850.00
 STATEWIDE PAY INCREASE FOR FY 2020-21 - THREE MONTHS ANNUALIZATION$47,6220.00$00.00$47,6220.00
CASUALTY INSURANCE PREMIUM ADJUSTMENT      
 CASUALTY INSURANCE PREMIUM DISTRIBUTION MODIFICATION$00.00$5,4140.00($5,414)0.00
 CASUALTY INSURANCE PREMIUM READJUSTMENT$00.00$4,3870.00($4,387)0.00
ESTIMATED EXPENDITURES      
 ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION - FY 2019-20 - EFFECTIVE 12/1/2019$00.00$33,9100.00($33,910)0.00
 ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION - FY 2020-21 - EFFECTIVE 12/1/2020$58,9190.00$58,9190.00$00.00
 CASUALTY INSURANCE PREMIUM ADJUSTMENT($8,928)0.00($13,315)0.00$4,3870.00
 ESTIMATED EXPENDITURES - OPERATIONS$12,148,673100.00$11,548,38998.00$600,2842.00
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT FOR FY 2019-20 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$00.00$12,1430.00($12,143)0.00
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT FOR FY 2020-21 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$80,3900.00$80,3900.00$00.00
 REALLOCATION OF HUMAN RESOURCES OUTSOURCING($12)0.00($148)0.00$1360.00
 SALARY INCREASES FOR FY 2020-21 - STATEWIDE PAY INCREASE - EFFECTIVE 10/1/2020$142,8670.00$142,8670.00$00.00
ESTIMATED EXPENDITURES REALIGNMENT      
 TRANSFER OF POSITION(S) AND FUNDING WITHIN THE OFFICE OF FINANCIAL REGULATION - ADD BACK$00.00$124,7322.00($124,732)(2.00)
INTRA-AGENCY REORGANIZATIONS      
 LEGAL TEAM REALIGNMENT - LEGAL AND ADMINISTRATIVE POSITIONS WITHIN OFFICE OF FINANCIAL REGULATION - DEDUCT($1,336,564)(14.00)$00.00($1,336,564)(14.00)
 TECHNOLOGY SUPPORT - REALIGNMENT OF POSITIONS AND FUNDING WITHIN OFFICE OF FINANCIAL REGULATION - DEDUCT($292,510)(3.00)$00.00($292,510)(3.00)
NONRECURRING EXPENDITURES      
 INCREASE APPROPRIATION FOR DEFERRED PRESENTMENT PROVIDER DATABASE CONTRACT CATEGORY IN THE OFFICE OF FINANCIAL REGULATION($400,000)0.00$00.00($400,000)0.00
OFFICE OF FINANCIAL REGULATION INITIATIVES      
 INCREASE APPROPRIATION FOR DEFERRED PRESENTMENT PROVIDER DATABASE CONTRACT CATEGORY IN THE OFFICE OF FINANCIAL REGULATION$00.00$400,0000.00($400,000)0.00
PROGRAM REDUCTIONS      
 REDUCE APPROPRIATION IN THE DEFERRED PRESENTMENT PROVIDER DATABASE CONTRACT CATEGORY($150,000)0.00$00.00($150,000)0.00
 REDUCE CONTRACTED SERVICES IN FINANCE REGULATION($50,000)0.00$00.00($50,000)0.00
 REDUCE OTHER PERSONAL SERVICES (OPS) - OFFICE OF FINANCIAL REGULATION - FINANCE($154,000)0.00$00.00($154,000)0.00
Total Policy Area: REGULATION AND LICENSING$10,128,54283.00$12,421,909100.00($2,293,367)(17.00)