FINANCIAL SERVICES COMMISSION (Program); OFFICE OF INSURANCE REGULATION; COMPLIANCE AND ENFORCEMENT - INSURANCEGovernor's Recommendations
2020-21
Current Year Budget
2019-20
Difference
DollarsPositionsDollarsPositionsDollarsPositions
$28,378,792245.00$27,975,284247.00$403,508(2.00)
 
Budget Issues (Continuation and New)
 Show Funding SourceGovernor's Recommendations
2020-21
Current Year Budget
2019-20
Difference
 DollarsPositionsDollarsPositionsDollarsPositions
Policy Area: REGULATION AND LICENSING
ADJUSTMENTS TO CURRENT YEAR ESTIMATED EXPENDITURES      
 RE-APPROVAL OF BUDGET AMENDMENT TO TRANSFER POSITION(S) BETWEEN BUDGET ENTITIES WITHIN OFFICE OF INSURANCE REGULATION - ADD$00.00$83,5981.00($83,598)(1.00)
 RE-APPROVAL PROGRAM FLEXIBILITY AMENDMENT TO TRANSFER POSITION(S) WITHIN THE OFFICE OF INSURANCE REGULATION - DEDUCT$00.00($48,866)(1.00)$48,8661.00
 REAPPROVAL FIVE PERCENT TRANSFER BETWEEN CATEGORIES WITHIN OFFICE OF INSURANCE REGULATION - ADD$10,0000.00$00.00$10,0000.00
 REAPPROVAL FIVE PERCENT TRANSFER BETWEEN CATEGORIES WITHIN OFFICE OF INSURANCE REGULATION - DEDUCT($10,000)0.00$00.00($10,000)0.00
ANNUALIZATION OF ADMINISTERED FUNDS APPROPRIATIONS      
 ANNUALIZATION OF STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2018-19 FIVE MONTHS ANNUALIZATION$00.00$77,4760.00($77,476)0.00
 ANNUALIZATION OF STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2019-20 - FIVE MONTHS ANNUALIZATION$53,5080.00$00.00$53,5080.00
ESTIMATED EXPENDITURES      
 ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION - FY 2019-20 - EFFECTIVE 12/1/2019$74,9110.00$74,9110.00$00.00
 ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION FOR FY 2018-19 - EFFECTIVE 12/1/2018$00.00$108,4670.00($108,467)0.00
 CASUALTY INSURANCE PREMIUM ADJUSTMENT($7,359)0.00($78,445)0.00$71,0860.00
 ESTIMATED EXPENDITURES - OPERATIONS$27,871,279247.00$29,198,597251.00($1,327,318)(4.00)
 FISCAL YEAR 2018-19 REDUCTION DUE TO BASIC LIFE INSURANCE CONTRACT SAVINGS$00.00($2,715)0.00$2,7150.00
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT FOR FY 2018-19 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$00.00$52,0720.00($52,072)0.00
 FLORIDA RETIREMENT SYSTEM ADJUSTMENT FOR FY 2019-20 - NORMAL COST AND UNFUNDED ACTUARIAL LIABILITY$36,7660.00$36,7660.00$00.00
 REALLOCATION OF HUMAN RESOURCES OUTSOURCING($313)0.00($1,139)0.00$8260.00
NONRECURRING EXPENDITURES      
 CATASTROPHIC ADVANCED TECHNOLOGY TESTING$00.00($750,000)0.00$750,0000.00
 FLORIDA INTERNATIONAL UNIVERSITY MIAMI BEACH COASTAL FLOODING HAZARD RESEARCH PROJECT$00.00($327,227)0.00$327,2270.00
OFFICE OF INSURANCE REGULATION      
 ADDITIONAL CONTRACTED SERVICES AUTHORITY IN THE OFFICE OF INSURANCE REGULATION$350,0000.00$00.00$350,0000.00
PROGRAM REDUCTIONS      
 REDUCE POSITIONS VACANT IN EXCESS OF 180 DAYS$0(2.00)$00.00$0(2.00)
 VACANT POSITION REDUCTIONS$00.00($148,211)(4.00)$148,2114.00
STATE FUNDING REDUCTIONS      
 REDUCE EXCESS BUDGET AUTHORITY$00.00($300,000)0.00$300,0000.00
Total Policy Area: REGULATION AND LICENSING$28,378,792245.00$27,975,284247.00$403,508(2.00)