| Policy Area: REGULATION AND LICENSING |
![]() | ADJUSTMENTS TO CURRENT YEAR ESTIMATED EXPENDITURES | | | | | | |
| | ![]() | AGENCY DISCRETIONARY PAY INCREASE FOR FY 2023-24 - EFFECTIVE 10/1/2023 | $0 | 0.00 | $995,345 | 0.00 | ($995,345) | 0.00 |
![]() | AGENCY-WIDE INFORMATION TECHNOLOGY | | | | | | |
| | ![]() | OFFICE OF INSURANCE REGULATION - DATA ANALYTICS AND INFRASTRUCTURE | $310,000 | 0.00 | $0 | 0.00 | $310,000 | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - INCREASE CONTRACTED SERVICES FOR STAFF AUGMENTATION | $0 | 0.00 | $1,000,000 | 0.00 | ($1,000,000) | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - SOFTWARE UPGRADE | $0 | 0.00 | $100,000 | 0.00 | ($100,000) | 0.00 |
![]() | ANNUALIZATION OF ADMINISTERED FUNDS APPROPRIATIONS | | | | | | |
| | ![]() | ANNUALIZATION OF STATE HEALTH INSURANCE ADJUSTMENTS FOR FY 2024 - 25 - FIVE MONTHS OF ANNUALIZATION | $167,364 | 0.00 | $0 | 0.00 | $167,364 | 0.00 |
![]() | ANNUALIZATION OF ISSUES PARTIALLY FUNDED IN PRIOR YEAR | | | | | | |
| | ![]() | ANNUALIZATION OF AGENCY DISCRETIONARY PAY INCREASE FOR FY 2023-24 - THREE MONTHS ANNUALIZATION | $0 | 0.00 | $331,781 | 0.00 | ($331,781) | 0.00 |
![]() | BUDGET REDUCTIONS | | | | | | |
| | ![]() | BASE BUDGET REDUCTION | ($116,447) | 0.00 | $0 | 0.00 | ($116,447) | 0.00 |
![]() | EQUIPMENT NEEDS | | | | | | |
| | ![]() | ADDITIONAL EQUIPMENT - MOTOR VEHICLES | $0 | 0.00 | $93,190 | 0.00 | ($93,190) | 0.00 |
![]() | ESTIMATED EXPENDITURES | | | | | | |
| | ![]() | ADJUSTMENT TO STATE HEALTH INSURANCE PREMIUM CONTRIBUTION - FY 2024-25 - EFFECTIVE 12/1/2024 | $234,309 | 0.00 | $234,309 | 0.00 | $0 | 0.00 |
| | ![]() | CASUALTY INSURANCE PREMIUM ADJUSTMENT | ($13,242) | 0.00 | $7,143 | 0.00 | ($20,385) | 0.00 |
| | ![]() | ESTIMATED EXPENDITURES - OPERATIONS | $48,521,884 | 274.00 | $38,250,314 | 277.00 | $10,271,570 | (3.00) |
| | ![]() | FLORIDA RETIREMENT SYSTEM - PENSION PLAN BENEFIT ENHANCEMENTS FOR FY 2024-25 | $8,201 | 0.00 | $8,201 | 0.00 | $0 | 0.00 |
| | ![]() | FLORIDA RETIREMENT SYSTEMS CONTRIBUTIONS FOR FY 2023-24 | $0 | 0.00 | $295,852 | 0.00 | ($295,852) | 0.00 |
| | ![]() | REALLOCATION OF HUMAN RESOURCES OUTSOURCING | ($2,445) | 0.00 | $2,925 | 0.00 | ($5,370) | 0.00 |
| | ![]() | SALARY INCREASE FOR FY 2024-25 - STATEWIDE PAY INCREASE - EFFECTIVE 7/1/2024 | $705,562 | 0.00 | $705,562 | 0.00 | $0 | 0.00 |
| | ![]() | SALARY INCREASE FY 2023-24 - STATEWIDE 5% PAY INCREASE - EFFECTIVE 7/1/2023 | $0 | 0.00 | $1,058,744 | 0.00 | ($1,058,744) | 0.00 |
![]() | ESTIMATED EXPENDITURES REALIGNMENT | | | | | | |
| | ![]() | REALIGN BUDGET AUTHORITY BETWEEN BUDGET ENTITIES IN THE OFFICE OF INSURANCE REGULATION- DEDUCT | ($550,000) | 0.00 | $0 | 0.00 | ($550,000) | 0.00 |
![]() | INTRA-AGENCY REORGANIZATIONS | | | | | | |
| | ![]() | REALIGN OFFICE OF INSURANCE REGULATION LEGAL POSITIONS - DEDUCT | $0 | 0.00 | ($221,191) | (3.00) | $221,191 | 3.00 |
![]() | NONRECURRING EXPENDITURES | | | | | | |
| | ![]() | ADDITIONAL EQUIPMENT - MOTOR VEHICLES | ($90,000) | 0.00 | $0 | 0.00 | ($90,000) | 0.00 |
| | ![]() | ADDITIONAL FUNDING FOR FLORIDA PUBLIC HURRICANE MODEL | ($5,000,000) | 0.00 | $0 | 0.00 | ($5,000,000) | 0.00 |
| | ![]() | INSURANCE LOOK-BACK STUDY | ($500,000) | 0.00 | $0 | 0.00 | ($500,000) | 0.00 |
| | ![]() | INSURER ACCOUNTABILITY CH 2023-172, LOF (SB 7052) | $0 | 0.00 | ($685,086) | 0.00 | $685,086 | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - CONTRACTED SERVICES FOR REINSURANCE EXPERT | ($475,000) | 0.00 | $0 | 0.00 | ($475,000) | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - INCREASE CONTRACTED SERVICES FOR STAFF AUGMENTATION | ($1,000,000) | 0.00 | $0 | 0.00 | ($1,000,000) | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - MITIGATION RESEARCH CONTRACT | ($200,000) | 0.00 | $0 | 0.00 | ($200,000) | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - SOFTWARE UPGRADE | ($20,000) | 0.00 | $0 | 0.00 | ($20,000) | 0.00 |
| | ![]() | PRESCRIPTION DRUGS CH 2023-29, LOF (SB 1550) | $0 | 0.00 | ($146,820) | 0.00 | $146,820 | 0.00 |
| | ![]() | RESIDENTIAL WIND LOSS MITIGATION | $0 | 0.00 | ($250,000) | 0.00 | $250,000 | 0.00 |
![]() | PROGRAM ISSUES | | | | | | |
| | ![]() | INSURANCE LOOK-BACK STUDY | $0 | 0.00 | $500,000 | 0.00 | ($500,000) | 0.00 |
| | ![]() | LIFE AND HEALTH OVERSIGHT / MARKET RESEARCH UNIT | $0 | 0.00 | $499,000 | 0.00 | ($499,000) | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - CONTRACTED SERVICES FOR REINSURANCE EXPERT | $475,000 | 0.00 | $475,000 | 0.00 | $0 | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - ESTABLISH TAMPA FIELD OFFICE | $330,000 | 0.00 | $0 | 0.00 | $330,000 | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - LEASE AND FURNITURE NEEDS | $717,000 | 0.00 | $0 | 0.00 | $717,000 | 0.00 |
| | ![]() | OFFICE OF INSURANCE REGULATION - MITIGATION RESEARCH CONTRACT | $0 | 0.00 | $200,000 | 0.00 | ($200,000) | 0.00 |
![]() | WORKLOAD | | | | | | |
| | ![]() | ADDITIONAL FUNDING FOR FLORIDA PUBLIC HURRICANE MODEL | $0 | 0.00 | $6,000,000 | 0.00 | ($6,000,000) | 0.00 |
| Total Policy Area: REGULATION AND LICENSING | $43,502,186 | 274.00 | $49,454,269 | 274.00 | ($5,952,083) | 0.00 |