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FY 2023-24 INSURANCE AND FINANCIAL
SERVICES BUDGET
S.B. 196 (S-1): SENATE SUBCOMMITTEE REC.
Committee: Appropriations Throughout this document Senate means Subcommittee Recommendation
|
FULL-TIME EQUATED (FTE) CLASSIFIED POSITIONS/FUNDING SOURCE |
FY 2022-23 YEAR-TO-DATE* |
FY 2023-24 |
CHANGES FROM FY 2022-23 YEAR-TO-DATE |
|
|
AMOUNT |
PERCENT |
|||
|
FTE Positions............................................................. |
384.5 |
384.5 |
0.0 |
0.0 |
|
GROSS....................................................................... |
74,335,500 |
74,147,900 |
(187,600) |
(0.3) |
|
Less: |
|
|
|
|
|
Interdepartmental Grants Received............................ |
736,500 |
732,100 |
(4,400) |
(0.6) |
|
ADJUSTED GROSS.................................................... |
73,599,000 |
73,415,800 |
(183,200) |
(0.2) |
|
Less: |
|
|
|
|
|
Federal Funds.......................................................... |
1,017,100 |
1,017,100 |
0 |
0.0 |
|
Local and Private...................................................... |
0 |
0 |
0 |
0.0 |
|
TOTAL STATE SPENDING......................................... |
72,581,900 |
72,398,700 |
(183,200) |
(0.3) |
|
Less: |
|
|
|
|
|
Other State Restricted Funds.................................... |
72,581,900 |
72,398,700 |
(183,200) |
(0.3) |
|
GENERAL FUND/GENERAL PURPOSE...................... |
0 |
0 |
0 |
0.0 |
|
PAYMENTS TO LOCALS............................................ |
0 |
0 |
0 |
0.0 |
*As of February 7, 2023.
|
Major Boilerplate Changes from FY 2022-23 Year-to-Date: |
|
1. Deleted Sections. The Senate deleted a number of sections, which include: 214 (Legacy Cost Estimates), 218 (Intertransfer of Funds), 222 (COVID -19 Vaccine Passport), 304 (Annual Report Transmission), 306 (Healthcare database contract) |
|
2. NEW Sections. The Senate included a new section regarding diversity, equity and inclusion (DEI). (NEW Sec. 214) and also included a new reporting requirement for the Michigan Catastrophic Claims Association (NEW Sec. 307) |
|
3. Contingency Fund Modification. The Senate included updated contingency fund amounts to $1,000,000 for federal contingency funds, and $5,000,000 for state restricted contingency funds. (Sec. 210) |
|
4. Receive and Expend Modifications. The Senate removed language in Sections 302 (Conservatorship) and 303 (Customized Listing of Nonconfidential Information) limiting the total appropriation between the two sections to $400,000. |
|
|
|
FY 2022-23 Year-to-Date Appropriation.................................................. |
$74,335,500 |
$0 |
|
|
|
|
CHANGE
FROM |
FY 2023-24 RECOMMENDED |
|||
|
Gross |
GF/GP |
Gross |
GF/GP |
||
|
Baseline Adjustments |
|
|
|
|
|
|
1. Economic Adjustments. Includes negative $187,600 Gross and $0 GF/GP for total economic adjustments. |
(187,600) |
0 |
N/A |
N/A |
|
|
New Programs/Program Increases - NONE |
|
|
|
|
|
|
Eliminations/Reductions - NONE |
|
|
|
|
|
|
One-Time Appropriations - NONE |
|
|
|
|
|
|
Other - NONE |
|
|
|
|
|
|
|
|
|
|
|
|
|
($187,600) |
$0 |
|
|
|
|
FY 2023-24 SENATE SUBCOMMITTEE REC................................................. |
$74,147,900 |
$0 |
|
|
Date Completed: 4-20-23 Fiscal Analyst: Jonah Houtz