FINANCIAL SERVICES COMMISSION (Program); OFFICE OF FINANCIAL REGULATION; SECURITIES REGULATIONGovernor's Recommendations
2021-22
Current Year Budget
2020-21
Difference
DollarsPositionsDollarsPositionsDollarsPositions
$7,213,02180.00$8,321,37392.00($1,108,352)(12.00)
 
Budget Issues (Continuation and New)
 Show Funding SourceGovernor's Recommendations
2021-22
Current Year Budget
2020-21
Difference
 DollarsPositionsDollarsPositionsDollarsPositions
Policy Area: REGULATION AND LICENSING
ANNUALIZATION OF ADMINISTERED FUNDS APPROPRIATIONS      
 ANNUALIZATION OF STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2019-20 - FIVE MONTHS ANNUALIZATION$00.00$21,6660.00($21,666)0.00
 STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2020-21 - FIVE MONTHS ANNUALIZATION$37,2410.00$00.00$37,2410.00
 STATEWIDE PAY INCREASE FOR FY 2020-21 - THREE MONTHS ANNUALIZATION$42,4270.00$00.00$42,4270.00
CASUALTY INSURANCE PREMIUM ADJUSTMENT      
 CASUALTY INSURANCE PREMIUM DISTRIBUTION MODIFICATION$00.00$5,0820.00($5,082)0.00
 CASUALTY INSURANCE PREMIUM READJUSTMENT$00.00$4,1190.00($4,119)0.00
ESTIMATED EXPENDITURES      
 ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION - FY 2019-20 - EFFECTIVE 12/1/2019$00.00$30,3330.00($30,333)0.00
 ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION - FY 2020-21 - EFFECTIVE 12/1/2020$52,1370.00$52,1370.00$00.00
 CASUALTY INSURANCE PREMIUM ADJUSTMENT($8,911)0.00($13,030)0.00$4,1190.00
 ESTIMATED EXPENDITURES - OPERATIONS$8,079,79592.00$8,012,57092.00$67,2250.00
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT FOR FY 2019-20 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$00.00$10,2530.00($10,253)0.00
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT FOR FY 2020-21 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$71,0800.00$71,0800.00$00.00
 REALLOCATION OF HUMAN RESOURCES OUTSOURCING($9)0.00($118)0.00$1090.00
 SALARY INCREASES FOR FY 2020-21 - STATEWIDE PAY INCREASE - EFFECTIVE 10/1/2020$127,2810.00$127,2810.00$00.00
INTRA-AGENCY REORGANIZATIONS      
 LEGAL TEAM REALIGNMENT - LEGAL AND ADMINISTRATIVE POSITIONS WITHIN OFFICE OF FINANCIAL REGULATION - DEDUCT($1,136,395)(11.00)$00.00($1,136,395)(11.00)
 TECHNOLOGY SUPPORT - REALIGNMENT OF POSITIONS AND FUNDING WITHIN OFFICE OF FINANCIAL REGULATION - DEDUCT($51,625)(1.00)$00.00($51,625)(1.00)
Total Policy Area: REGULATION AND LICENSING$7,213,02180.00$8,321,37392.00($1,108,352)(12.00)