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Office of State Treasurer

  Annual FTEs General Fund State Other Funds Total Funds
  (Dollars in Thousands)
Estimated Expenditures 68.0 0 20,045 20,045
2021-23 Maintenance Level 68.0 0 20,158 20,158
Difference from 2019-21 0.0 0 113 113
% Change from 2019-21 0.0% 0.0% 0.56% 0.56%

2021-23 Policy Other Changes

Public Records Requests 0.0 0 26 26
Financial Literacy 0.0 0 18 18
2021-23 Policy Other Changes Total 0.0 0 44 44

2021-23 Policy Comp Changes

Pension Adjustments, nonrate 0.0 0 12 12
State Employee Benefits 0.0 0 (24) (24)
Temporary Layoffs and Other Savings 0.0 0 (678) (678)
Non-Rep General Wage Increase 0.0 0 (526) (526)
2021-23 Policy Comp Changes Total 0.0 0 (1,216) (1,216)

2021-23 Policy Central Services Changes

Archives/Records Management 0.0 0 1 1
Audit Services 0.0 0 (5) (5)
Legal Services 0.0 0 (39) (39)
CTS Central Services 0.0 0 14 14
DES Central Services 0.0 0 43 43
OFM Central Services 0.0 0 80 80
Self-Insurance Liability Premium 0.0 0 110 110
2021-23 Policy Central Services Changes Total 0.0 0 204 204
Total Policy Changes 0.0 0 (968) (968)
2021-23 Policy Level 68.0 0 19,190 19,190
Difference from 2019-21 0.0 0 (855) (855)
% Change from 2019-21 0.0% 0.0% (4.3%) (4.3%)

Policy Changes

Public Records Requests

Funding is provided for the agency to utilize NextRequest, an online public disclosure response portal. (State Treasurer's Service Account - State)

Financial Literacy

The agency will expand its financial education modules by adding new lessons that teach future small business owners about financial statements, balance sheets and cash flow reports, and teach families how to financially care for elderly family members. (State Treasurer's Service Account - State)

Pension Adjustments, nonrate

This funds the potential impact of Department of Retirement Systems request legislation on pension service credit and benefit calculation. It will prevent budget reductions such as temporary layoffs from negatively affecting employee retirement benefits. (State Treasurer's Service Account - State)

State Employee Benefits

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 $988 per employee per month for fiscal year 2022 and $1,018 per employee per month for fiscal year 2023. (State Treasurer's Service Account - State)

Temporary Layoffs and Other Savings

This item reflects savings achieved from temporary layoffs or similar actions. (State Treasurer's Service Account - State)

Non-Rep General Wage Increase

This reflects savings from the cancellation of the July 1, 2020 general wage increase for some non-represented, non-classified employees. (State Treasurer's Service Account - State)

Archives/Records Management

Adjustments are made for each agency’s anticipated share of charges for archives and records management services provided by the Secretary of State’s Office. (State Treasurer's Service Account - State)

Audit Services

Adjustments are made for each agency’s anticipated cost of audits performed by the State Auditor’s Office. (State Treasurer's Service Account - State)

Legal Services

Adjustments are made for each agency’s anticipated cost of legal services provided by the Attorney General’s Office. Because legal services expenditures are based on consumption, funding provided in the central service model is not all inclusive. (State Treasurer's Service Account - State)

CTS Central Services

Adjustments are made to reflect each agency’s anticipated share of charges for Microsoft 365 G5 licenses contracted for state agencies by the Consolidated Technology Services agency. This contract allows the state to achieve economies of scale and administrative efficiencies in the management of licenses. (State Treasurer's Service Account - State)

DES Central Services

Adjustments are made to reflect each agency’s anticipated share of charges from the Department of Enterprise Services (DES) for campus rent, utilities, parking, and contracts; capital project surcharges; financing cost recovery; public and historic facilities; real estate services; risk management services; personnel service rates; the Perry Street child care center; small agency services; and the department’s enterprise applications. (State Treasurer's Service Account - State)

OFM Central Services

Adjustments are made to reflect each agency’s anticipated share of charges for existing statewide financial applications, One Washington, and other central services provided by the Office of Financial Management. (State Treasurer's Service Account - State)

Self-Insurance Liability Premium

Adjustments are made to reflect each agency's share of actuarily projected costs of the Self-Insurance Liability Account. This includes adjustments to existing funding levels as well as enhancements for anticipated liabilities in the 2021-23 biennium. (State Treasurer's Service Account - State)