Office of Insurance Commissioner
| Average Annual FTEs | Near General Fund State | Other Funds | Total Funds | |
|---|---|---|---|---|
| (Dollars in Thousands) | ||||
| Current Budget | 286.7 | 0 | 91,837 | 91,837 |
| 2023-25 Maintenance Level | 286.7 | 0 | 91,837 | 91,837 |
| Difference from 2023-25 Original | 0.0 | 0 | 0 | 0 |
| % Change from 2023-25 Original | 0.0% | 0.0% | 0.0% | 0.0% |
2024 Policy Other Changes |
||||
| Federal Grant Unanticipated Receipt | 1.0 | 0 | 1,013 | 1,013 |
| 2024 Policy Other Changes Total | 1.0 | 0 | 1,013 | 1,013 |
| Total Policy Changes | 1.0 | 0 | 1,013 | 1,013 |
| 2024 Policy Level | 287.7 | 0 | 92,850 | 92,850 |
| Difference from 2023-25 Original | 1.0 | 0 | 1,013 | 1,013 |
| % Change from 2023-25 Original | 0.35% | 0.0% | 1.1% | 1.1% |
Policy Changes
Federal Grant Unanticipated Receipt
Beginning in the 2023-25 biennium, the Office of Insurance Commissioner (OIC) expects the total federal grant awards received to exceed its current General Fund-Federal appropriation by $740,000 and two FTEs. The current appropriation covers all or part of five separate federal grant awards. In addition, because we anticipate receiving grant award increases each year, an additional 5% of the 2023-25 awards, or $273,000, is being requested in order to eliminate the need for unanticipated receipt requests. (General Fund - Federal)