FINANCIAL SERVICES COMMISSION (Program); OFFICE OF INSURANCE REGULATION; COMPLIANCE AND ENFORCEMENT - INSURANCEGovernor's Recommendations
2022-23
Current Year Budget
2021-22
Difference
DollarsPositionsDollarsPositionsDollarsPositions
$30,271,524246.00$29,916,833244.00$354,6912.00
 
Budget Issues (Continuation and New)
 Hide Funding SourceGovernor's Recommendations
2022-23
Current Year Budget
2021-22
Difference
 DollarsPositionsDollarsPositionsDollarsPositions
Policy Area: REGULATION AND LICENSING
ADJUSTMENTS TO CURRENT YEAR ESTIMATED EXPENDITURES      
 REALIGN BUDGET AUTHORITY TO ACCOMODATE INCREASED OCO THRESHOLD - ADD$00.00$97,0000.00($97,000)0.00
 REALIGN BUDGET AUTHORITY TO ACCOMODATE INCREASED OCO THRESHOLD - DEDUCT$00.00($97,000)0.00$97,0000.00
ANNUALIZATION OF ADMINISTERED FUNDS APPROPRIATIONS      
 STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2020-21 - FIVE MONTHS ANNUALIZATION$00.00$98,2760.00($98,276)0.00
 STATEWIDE PAY INCREASE FOR FY 2020-21 - THREE MONTHS ANNUALIZATION$00.00$119,0080.00($119,008)0.00
ESTIMATED EXPENDITURES      
 ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION - FY 2020-21 - EFFECTIVE 12/1/2020$00.00$137,5870.00($137,587)0.00
 CASUALTY INSURANCE PREMIUM ADJUSTMENT($8,615)0.00($101,938)0.00$93,3230.00
 ESTIMATED EXPENDITURES - OPERATIONS$29,801,840244.00$28,454,749248.00$1,347,091(4.00)
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT - FY 2021-22 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$117,8840.00$117,8840.00$00.00
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT FOR FY 2020-21 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$00.00$203,5460.00($203,546)0.00
 REALLOCATION OF HUMAN RESOURCES OUTSOURCING($6,674)0.00($6,701)0.00$270.00
 SALARY INCREASES FOR FY 2020-21 - STATEWIDE PAY INCREASE - EFFECTIVE 10/1/2020$00.00$357,0240.00($357,024)0.00
 SALARY INCREASES FOR FY 2021-22 - STATE EMPLOYEE MINIMUM WAGE INCREASE - EFFECTIVE 7/1/2021$12,3980.00$12,3980.00$00.00
PROGRAM REDUCTIONS      
 ELIMINATE SCANNING UNIT - OFFICE OF INSURANCE REGULATION($34,944)0.00$00.00($34,944)0.00
 VACANT POSITION REDUCTIONS$00.00$0(4.00)$04.00
SUPPLEMENTAL APPROPRIATIONS      
 MOTOR VEHICLE INSURANCE (SB 54)$00.00$83,6510.00($83,651)0.00
VETOED APPROPRIATIONS      
 MOTOR VEHICLE INSURANCE - SB 54 (VETOED)$00.00($83,651)0.00$83,6510.00
WORKLOAD      
 ADDITIONAL FUNDING FOR FLORIDA PUBLIC HURRICANE MODEL$62,0000.00$00.00$62,0000.00
 ADDITIONAL RESOURCES FOR LIFE AND HEALTH EXAMINATIONS$00.00$525,0000.00($525,000)0.00
 OFFICE OF INSURANCE REGULATION - STAFFING RESOURCES - PROPERTY AND CASUALTY PRODUCT REVIEW$327,6352.00$00.00$327,6352.00
General Revenue Fund$0 $0 $0 
Trust Funds$30,271,524 $29,916,833 $354,691 
Total Policy Area: REGULATION AND LICENSING$30,271,524246.00$29,916,833244.00$354,6912.00