Department of the Treasury [152]
Secretarial Area: Finance
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2016-2018 2017 Chapter 1, 2018 Acts of Assembly $9,195,562 $13,837,807 $23,033,369
2016-2018 2018 Chapter 1, 2018 Acts of Assembly $8,818,326 $14,447,073 $23,265,399
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly $11,432,877 $38,453,465 $49,886,342
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $9,481,059 $38,457,891 $47,938,950
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $8,327,408 $41,966,549 $50,293,957
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $8,326,657 $42,076,549 $50,403,206
2022-2024 2023 Chapter 2, 2022 Acts of Assembly, Special Session 1 $15,518,923 $55,075,139 $70,594,062
2022-2024 2023 Base Budget $8,326,657 $42,076,549 $50,403,206
2022-2024 2023 Governor's Amendments $8,750,757 $12,998,590 $21,749,347
2022-2024 2023 General Assembly Adjustments ($1,558,491) $0 ($1,558,491)
2022-2024 2024 Chapter 2, 2022 Acts of Assembly, Special Session 1 $8,167,480 $55,100,226 $63,267,706
2022-2024 2024 Base Budget $8,326,657 $42,076,549 $50,403,206
2022-2024 2024 Governor's Amendments ($159,177) $13,023,677 $12,864,500
2022-2024 2024 General Assembly Adjustments $0 $0 $0
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2016-2018 2017 Chapter 1, 2018 Acts of Assembly 32.60 90.40 123.00
2016-2018 2018 Chapter 1, 2018 Acts of Assembly 31.60 91.40 123.00
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 31.20 91.80 123.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 31.20 91.80 123.00
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 32.20 91.80 124.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 32.20 91.80 124.00
2022-2024 2023 Chapter 2, 2022 Acts of Assembly, Special Session 1 32.70 94.30 127.00
2022-2024 2023 Base Budget 32.20 91.80 124.00
2022-2024 2023 Governor's Amendments 0.50 2.50 3.00
2022-2024 2023 General Assembly Adjustments 0.00 0.00 0.00
2022-2024 2024 Chapter 2, 2022 Acts of Assembly, Special Session 1 32.70 94.30 127.00
2022-2024 2024 Base Budget 32.20 91.80 124.00
2022-2024 2024 Governor's Amendments 0.50 2.50 3.00
2022-2024 2024 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Adjust appropriation for centrally funded five percent salary increase for state employees Base Budget Adjustment
  Adjusts appropriation for the five percent salary increase for state employees budgeted in Central Appropriations, Item 477 X. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $132,035 $132,035
Nongeneral Fund $347,463 $347,463
•
Adjust appropriation for centrally funded changes to agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes to information technology and telecommunications usage budgeted in Central Appropriations, Item 478 C. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($129,621) ($129,621)
Nongeneral Fund ($201,435) ($201,435)
•
Remove funding for the relief of Esther Thorne Base Budget Adjustment
  Removes one time funding approved for FY 2022 to compensate Esther Thorne, who was wrongly convicted of a crime
 
  FY FY
General Fund ($321,587) ($321,587)
•
Adjust appropriation for centrally funded retirement rate changes Base Budget Adjustment
  Adjusts appropriation for changes to contribution rates for state employee retirement plans budgeted in Central Appropriations, Item 477 H. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $19,838 $19,838
Nongeneral Fund $52,204 $52,204
•
Adjust appropriation for centrally funded changes to state health insurance premiums Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 477 G. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $10,089 $10,089
Nongeneral Fund $31,278 $31,278
•
Adjust appropriation for centrally funded changes to Cardinal Financials System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 478 F. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($24,279) ($24,279)
Nongeneral Fund $14,917 $14,917
•
Adjust appropriation for centrally funded changes to Cardinal Human Capital Management System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Human Capital Management System internal service fund charges budgeted in Central Appropriations, Item 478 G. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $6,363 $6,363
Nongeneral Fund $16,740 $16,740
•
Adjust appropriation for centrally funded general liability premium charges Base Budget Adjustment
  Adjusts appropriation for general liability premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 478 J. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $1,522 $1,522
Nongeneral Fund $1,763 $1,763
•
Adjust appropriation for centrally funded changes to Performance Budgeting system charges Base Budget Adjustment
  Adjusts appropriation for changes to Performance Budgeting system internal service fund charges budgeted in Central Appropriations, Item 478 H. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($48) ($48)
Nongeneral Fund $1,727 $1,727
•
Adjust appropriation for centrally funded workers’ compensation premium changes Base Budget Adjustment
  Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 477 R. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $191 $191
Nongeneral Fund $1,003 $1,003
•
Adjust appropriation for centrally funded state employee other post-employment benefit rate changes Base Budget Adjustment
  Adjusts appropriation for changes to state employee other post-employment benefit rates budgeted in Central Appropriations, Item 477 K. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund $213 $213
Nongeneral Fund $553 $553
•
Adjust appropriation for centrally funded internal service fund charges for the Personnel Management Information System Base Budget Adjustment
  Adjusts appropriation for Personnel Management Information System internal service fund charges budgeted in Central Appropriations, Item 478 I. of Chapter 552, 2021 Acts of Assembly, Special Session I.
 
  FY FY
General Fund ($217) ($217)
Nongeneral Fund ($490) ($490)
•
Increase appropriation to cover the increased costs of purchased property insurance Decision Package
  Increases nongeneral fund appropriation to cover the projected cost of purchased property, aircraft, and watercraft insurance. This change will result in increased premiums for aircraft and watercraft insurance, but not for property insurance.
 
  FY FY
Nongeneral Fund $12,380,000 $12,380,000
•
Provide relief for wrongfully incarcerated individuals Decision Package
  Increases general fund appropriation in 2023 to provide relief for wrongly incarcerated individuals.
 
  FY FY
General Fund $6,455,700 $0
•
Provide appropriation for administrative costs of implementing taxpayer refund Decision Package
  Provides appropriation for the administrative costs of implementing the taxpayer refund, including banking services, postage, and mailing materials.
 
  FY FY
General Fund $2,500,000 $0
•
Increase staffing in Division of Risk Management Decision Package
  Increases nongeneral fund appropriation to add two positions to the Division of Risk Management. These positions will ensure continuity of operations and assist in managing the Division of Risk Management's increasing workload.
 
  FY FY
Nongeneral Fund $202,426 $220,828
Positions 2.00 2.00
•
Fund new position for Cash Management and Investments Division Decision Package
  Adjusts general fund and nongeneral fund appropriation for a new analyst position in the Cash Management and Investments Division. This additional position will assist with the management of the Commonwealth's investment portfolios, routine reporting to ratings agencies, and compliance.
 
  FY FY
General Fund $73,558 $80,243
Nongeneral Fund $73,558 $80,243
Positions 1.00 1.00
•
Increase the amount of the annual fee to administer the Security for Public Deposits Act Decision Package
  Increases the cap on fees charged to banks and savings institutions for the management of the Security for Public Deposits Act (SPDA) from $100,000 to $200,000. This revenue increase includes an accompanying appropriation increase, which is necessary for the administration of the SPDA using SPDA designated resources.
 
  FY FY
Nongeneral Fund $76,883 $76,883
•
Increase appropriation for operating costs associated with new investment accounting system Decision Package
  Adjusts nongeneral fund appropriation to cover the increased contracted operating costs of the new investment accounting system and accompanying investment pricing services.
 
  FY FY
General Fund $27,000 $66,081
•
Adjust Funding to Process Taxpayer Refunds General Assembly Adjustment
  This amendment reduces funding by $1,650,000 the first year from the general fund provided in House Bill 30 for the Department of Treasury to mail refund checks by assuming a large portion of the refunds will be processed via direct deposit.
 
  FY FY
General Fund ($1,650,000) $0
•
Wrongful Incarceration Compensation General Assembly Adjustment
  This amendment provides $91,509 the first year from the general fund for one-time wrongful incarceration relief payments to the seven exonerees listed herein. This additional amount, when combined with the $6,455,700 included for wrongful incarceration payments in House Bill 30, provides a total of $6,547,209 for these seven payments. Total amounts owed to exonerees are based on changes to the compensation formula as provided in House Bill 397.
 
  FY FY
General Fund $91,509 $0


p3_bullets - Official Enacted Budget - 07-18-2025 20:49:11