160 - Office of Insurance Commissioner
Last Updated: 10/07/2024
Summary Financial Report for 2023-25 Biennium to Date
Dollars in thousands
All Funds Variance to Date
5,283 Underexpenditure
9.8% Underexpenditure
Planned vs. Actual Cumulative Expenditures - All Funds
Monthly Planned vs. Actual Expenditures - All Funds
Expenditure by Program
Program | Estimate | Actual | Variance | % Variance |
---|---|---|---|---|
Administration | 12,890 | 12,879 | 11 | 0.10% |
Company Supervision | 9,495 | 8,417 | 1,079 | 11.4% |
Consumer Protection | 21,713 | 19,221 | 2,492 | 11.5% |
Rates And Forms | 9,860 | 8,159 | 1,700 | 17.2% |
Totals | 53,958 | 48,676 | 5,282 | 9.8% |
FTE
Program | Estimate | Actual | Variance | % Variance |
---|---|---|---|---|
Administration | 60 | 58 | 2 | 2.8% |
Company Supervision | 57 | 50 | 7 | 11.9% |
Consumer Protection | 110 | 104 | 6 | 5.5% |
Rates And Forms | 60 | 50 | 10 | 17.2% |
Totals | 286 | 262 | 25 | 8.6% |
Expenditure by Fund Group
Program | Estimate | Actual | Variance | % Variance |
---|---|---|---|---|
General Fund Federal | 2,570 | 2,870 | (300) | (11.7%) |
Other Funds Non-Appropriated | 246 | 55 | 191 | 77.7% |
Other Funds State | 51,143 | 45,751 | 5,392 | 10.5% |
Totals | 53,959 | 48,676 | 5,283 | 9.8% |
Revenue by Fund Group
Program | Estimate | Actual | Variance | % Variance |
---|---|---|---|---|
General Fund Federal | 2,570 | 2,745 | 175 | 6.8% |
General Fund State | 866,757 | 894,788 | 28,031 | 3.2% |
Other Funds State | 116,216 | 117,843 | 1,627 | 1.4% |
Totals | 985,543 | 1,015,376 | 29,833 | 3.0% |
Revenue by Fund
Program | Estimate | Actual | Variance | % Variance |
---|---|---|---|---|
General Fund | 869,328 | 897,533 | 28,206 | 3.2% |
Industrial Insurance Premium Refund Account | 6 | 6 | ||
Insurance Commissioners Regulatory Account | 81,271 | 80,708 | (563) | (0.7%) |
Health Benefit Exchange Account | 30,688 | 32,986 | 2,298 | 7.5% |
Insurance Commissioner's Fraud Account | 4,257 | 4,143 | (114) | (2.7%) |
Totals | 985,544 | 1,015,376 | 29,833 | 3.0% |
Deficit Fund Balance
Program | BTD Balance | Proj. Balance |
---|---|---|
Insurance Commissioners Regulatory Account | 37,097 | (29,396) |
Insurance Commissioner's Fraud Account | 2,003 | (1,477) |