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Home » Budget » State budgets » 2021-23 Gov. Inslee's proposed budgets » Agency detail budgets » Office of Financial Management

Office of Financial Management

RCW 43.41, 43.88

The Office of Financial Management plays a central role in budget planning, policy development and fiscal administration for the executive branch of state government. OFM prepares executive budget proposals and monitors the implementation of enacted budgets; maintains the state’s central book of accounts and issues administrative and accounting policies; and develops and monitors legislation to support the governor’s policy goals. OFM manages state enterprise computer systems; conducts research on issues related to the budget, public policy and demographics; and assists agencies with facilities planning. In addition, OFM manages state human resource policy functions including collective bargaining, classification, compensation, and workforce data. OFM also supports special projects, such as Serve Washington, One Washington, Results Washington and the Office for Regulatory Innovation and Assistance.

Agency Mission

The Office of Financial Management provides leadership, direction and information to support and improve government on behalf of the people of Washington state.
Request 367,736,000
Net change from current biennium 77,474,000 Increase
Percent change from current biennium 26.7% Increase

Operating Budget: Summary

Appropriated Funds

2019-21 Appropriations Appropriated Funds Expenditures
Amount Estimated Balance   2017-19 Actual 2019-21 Estimated 2021-23 Proposed
96,010,263 63,147,263 General Fund - Federal 34,088,773 32,863,000 32,357,000
5,526,000 General Fund - Private/Local 612,765 5,526,000 513,000
42,955,000 General Fund - State 23,348,855 42,955,000 25,963,000
(10,453,000) State Building Construction Account - State 10,453,000 5,540,000
State Patrol Highway Account - State
330,000 Econ Dev Strategic Reserve Account - State 313,385 330,000 301,000
1,419,000 Motor Vehicle Account - State 3,177,225 1,419,000 1,407,000
121,000 Puget Sound Ferry Operations Acct - State 110,187 121,000 126,000
300,000 300,000 Multimodal Transportation Account - State
Recreation Access Pass Account - State 74,937
100,000 Workforce Education Investment Acc - State 100,000 100,000
(3,925,000) Thurston County Capital Facilities - State 3,925,000 3,925,000
35,360,000 Personnel Service Account - State 8,990,998 35,360,000 35,289,000
1,497,000 Higher Education Personnel Services - State 1,497,000 1,497,000 1,497,000
32,921,000 SW Info Tech Sys Dev Rev Acct - State 9,591,170 32,921,000 136,636,000
21,118,000 OFM Central Service Account - State 19,279,989 21,118,000 20,247,000
2,446,000 2,446,000 Pension Funding Stabilization Acct - State 2,448,000
678,000 Performance Audits of Government - State 575,251 678,000 574,000
240,781,263 51,515,263 Total Appropriated Funds 104,108,534 189,266,000 264,475,000

Non-Appropriated Funds

2019-21 Non-Appropriated Funds Expenditures
Amount Balance Non-Apropriated Funds 2017-19 Actual 2019-21 Estimated 2021-23 Proposed
Industrial Insurance Premium Refund - Nonappropriated 27,486
(99,000) Multiagency Permitting Team Account - Nonappropriated 99,000 2,000
State Agency Ofc Relocat Pool Acct - Nonappropriated 1,968,484
(24,966,000) Education Technology Revolving Fund - Nonappropriated 20,119,972 24,966,000 24,970,000
(8,563,000) OFM Labor Relations Service Account - Nonappropriated 8,682,732 8,563,000 8,837,000
852,471 852,471 Info Tech Invest Rev Acct - Nonappropriated
(67,368,000) SW Info Tech Sys M & O Rev Acct - Nonappropriated 14,998,197 67,368,000 69,452,000
Governor's ICSEW Account - Nonappropriated 88,840
852,471 (100,143,529) Total Non-Appropriated Funds 45,885,711 100,996,000 103,261,000

Capital Budget: Summary

  Appropriated Funds Expenditures
Amount Estimated Balance   Actual Estimated Proposed
3,154,593 3,154,593 State Building Construction Account - State 20,635,334
EWU Capital Projects Account - State
WSU Building Account - State
CWU Capital Projects Account - State
UW Building Account - State
WWU Capital Projects Account - State
TESC Capital Projects Account - State
Common School Construction Account - State
3,925,000 3,925,000 Thurston County Capital Facilities - State 3,312,345
7,079,593 7,079,593 Total Appropriated Funds 23,947,678

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 82,036,281 129,265,093 43,318,248 186,294,000 171,977,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
22,320,797 17.5% 22,677,935 15.1% 185,687,660 107.6%

Employment Summary

  Actual Estimated Proposed
  2018-19 Actual 2019-20 Estimated 2020-21 Estimated 2021-22 Proposed 2022-23 Proposed
FTE Staff Years 318.1 414.0 397.3 444.5 465.6