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 |
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| 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.
