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Department of Financial Institutions

  Annual FTEs General Fund State Other Funds Total Funds
  (Dollars in Thousands)
Estimated Expenditures 198.8 0 54,031 54,031
2019-21 Maintenance Level 204.6 0 55,719 55,719
Difference from 2017-19 5.8 0 1,688 1,688
% Change from 2017-19 2.9% 0.0% 3.1% 3.1%

2019-21 Policy Other Changes

Enhance Consumer Services Exams 3.0 0 740 740
Improve Information Governance 2.0 0 486 486
2019-21 Policy Other Changes Total 5.0 0 1,226 1,226

2019-21 Policy Comp Changes

State Public Employee Benefits Rate 0.0 0 33 33
Non-Rep General Wage Increase 0.0 0 1,960 1,960
Non-Rep Premium Pay 0.0 0 287 287
Non-Rep Targeted Pay Increases 0.0 0 175 175
Orca Transit Pass - Outside CBAs 0.0 0 8 8
PERS & TRS Plan 1 Benefit Increase 0.0 0 50 50
Non-Rep Salary Schedule Revision 0.0 0 130 130
2019-21 Policy Comp Changes Total 0.0 0 2,643 2,643

2019-21 Policy Transfers Changes

Orca Transit Pass Funding Transfer 0.0 0 (34) (34)
2019-21 Policy Transfers Changes Total 0.0 0 (34) (34)

2019-21 Policy Central Services Changes

Archives/Records Management 0.0 0 3 3
Legal Services 0.0 0 133 133
Administrative Hearings 0.0 0 12 12
CTS Central Services 0.0 0 (49) (49)
DES Central Services 0.0 0 13 13
OFM Central Services 0.0 0 160 160
2019-21 Policy Central Services Changes Total 0.0 0 272 272
Total Policy Changes 5.0 0 4,107 4,107
2019-21 Policy Level 209.6 0 59,826 59,826
Difference from 2017-19 10.8 0 5,795 5,795
% Change from 2017-19 5.4% 0.0% 10.7% 10.7%

Policy Changes

Enhance Consumer Services Exams

Funding is provided for additional staff to help conduct the required number of examinations to maintain the agency’s accreditations and meet strategic goals. This will improve the agency's ability to meet the regulatory obligations of overseeing consumer protections and provide a vibrant and safe environment for financial service providers.

Improve Information Governance

Funding is provided for the agency to hire dedicated staff for records retention and disclosure obligations.

State Public Employee Benefits Rate

Health insurance funding is provided for state employees who are not represented by a union, who are covered by a bargaining agreement that is not subject to financial feasibility determination, or who are not part of the coalition of unions for health benefits. The insurance funding rate is $977 per employee per month for fiscal year 2020 and $978 per employee per month for fiscal year 2021.

Non-Rep General Wage Increase

Funding is provided for wage increases for state employees who are not represented by a union or who are covered by a bargaining agreement that is not subject to financial feasibility determination. It is sufficient for a general wage increase of 3 percent, effective July 1, 2019, and a general wage increase of 3 percent, effective July 1, 2020. This item includes both general government and higher education workers.

Non-Rep Premium Pay

Funding is provided for increases in premium pay for state employees who are not represented by a union or who are covered by a bargaining agreement that is not subject to financial feasibility determination. Funding is sufficient to support changes in shift differential, call back and standby pay, as well as a 5 percent increase for employees working in King County.

Non-Rep Targeted Pay Increases

Funding is provided for classified state employees who are not represented by a union for pay increases in specific job classes in alignment with other employees.

Orca Transit Pass - Outside CBAs

This funds transit passes (ORCA cards) for state employees (outside of higher education) in King, Pierce, and Snohomish counties, other than those in certain collective bargaining agreements.

PERS & TRS Plan 1 Benefit Increase

For eligible Public Employees' and Teachers' Retirement Systems Plan 1 members, this item provides a one-time, ongoing increase of 3 percent, up to a maximum of $62.50 per month.

Non-Rep Salary Schedule Revision

This funds a revised salary schedule for non-represented employees in information technology jobs, in alignment with other state employees.

Orca Transit Pass Funding Transfer

This moves funding for employee transit passes from agencies to WSDOT, which administers the program. The transfer includes both funding added in 2019-21 for expanded access, as well as funding that was provided in the 2017-19 budget.

Archives/Records Management

Agency budgets are adjusted to reflect each agency’s allocated share of charges for the state archives and state records center.

Legal Services

Agency budgets are adjusted to reflect each agency’s anticipated share of legal service charges.

Administrative Hearings

Agency budgets are adjusted to reflect each agency’s anticipated share of charges for administrative hearings.

CTS Central Services

Agency budgets are adjusted to reflect each agency’s allocated share of charges from the Consolidated Technology Services Agency (WaTech) for the Office of the Chief Information Officer, Office of Cyber Security, state network, security gateways, and geospatial imaging services.

DES Central Services

Agency budgets are adjusted to reflect each agency’s allocated share of charges from the Department of Enterprise Services (DES) for campus rent, utilities, parking, and contracts; a capital project surcharge; financing cost recovery; public and historic facilities; real estate services; risk management services; personnel service rates; the Perry Street child care center; and the department’s enterprise applications.

OFM Central Services

Agency budgets are adjusted to reflect each agency’s allocated share of charges from the Office of Financial Management (OFM) for the One Washington project and OFM enterprise systems.