pdocagy (DPB Website Public Reports)

State Corporation Commission [171]

Secretarial Area: Independent Agencies

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. more... More historical data is available for this agency on DPB's website under the Virginia's Budget page. If you click on the Budget Round Description links under any of the "DPB Appropriation Database" tables and open the filter you can select various fields to get greater detail and you can select the official chapter data going back for several decades. The "Caboose" chapters are the final biennial budget approved by the General Assembly and signed into Law. Check it out here

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.
more...

Biennium	Fiscal Year	Source	GF	NGF	Total
2012-2014	2013	Chapter 1, 2014 Acts of Assembly	$200,000	$89,411,603	$89,611,603
2012-2014	2014	Chapter 1, 2014 Acts of Assembly	$1,200,000	$89,498,603	$90,698,603
2014-2016	2015	Chapter 732, 2016 Acts of Assembly	$1,200,133	$94,411,603	$95,611,736
2014-2016	2016	Chapter 732, 2016 Acts of Assembly	$200,446	$94,411,603	$94,612,049
2016-2018	2017	Chapter 1, 2018 Acts of Assembly	$201,256	$99,190,592	$99,391,848
2016-2018	2018	Chapter 1, 2018 Acts of Assembly	$201,292	$107,161,601	$107,362,893
2018-2020	2019	Governor's Proposed Budget	$201,278	$106,019,117	$106,220,395
		Base Budget	$201,292	$100,635,114	$100,836,406
		Addenda (Changes to the Base)	($14)	$5,384,003	$5,383,989
2018-2020	2020	Governor's Proposed Budget	$201,278	$104,854,643	$105,055,921
		Base Budget	$201,292	$100,635,114	$100,836,406
		Addenda (Changes to the Base)	($14)	$4,219,529	$4,219,515

Positions Budget Summary

Biennium	Fiscal Year	Source	GF	NGF	Total
2012-2014	2013	Chapter 1, 2014 Acts of Assembly	4.00	665.00	669.00
2012-2014	2014	Chapter 1, 2014 Acts of Assembly	13.00	665.00	678.00
2014-2016	2015	Chapter 732, 2016 Acts of Assembly	13.00	665.00	678.00
2014-2016	2016	Chapter 732, 2016 Acts of Assembly	0.00	665.00	665.00
2016-2018	2017	Chapter 1, 2018 Acts of Assembly	0.00	665.00	665.00
2016-2018	2018	Chapter 1, 2018 Acts of Assembly	0.00	675.00	675.00
2018-2020	2019	Proposed Positions	0.00	675.00	675.00
		Base Budget	0.00	669.00	669.00
		Addenda (Changes to the Base)	0.00	6.00	6.00
2012-2014	2020	Proposed Positions	0.00	675.00	675.00
		Base Budget	0.00	669.00	669.00
		Addenda (Changes to the Base)	0.00	6.00	6.00

Operating Budget Addenda (in order of greatest impact)

•

Increase appropriation for compensation assessment recommendations

Decision Package

Increases appropriation to support compensation assessment recommendations. Pursuant to language in Item 475 of the Appropriation Act, the Commissioners of the State Corporation Commission, at their discretion, may utilize agency funds to implement the provisions of new or existing performance-based pay plans.

	FY 2019	FY 2020
Nongeneral Fund	$1,746,537	$1,746,537

•

Adjust appropriation for the centrally funded three percent salary increase for state employees

Base Budget Adjustment

Adjusts appropriation for the three percent salary increase for state employees budgeted in Central Appropriations, Item 475 X. of Chapter 836, 2017 Acts of Assembly.

	FY 2019	FY 2020
Nongeneral Fund	$1,628,926	$1,628,926

•

Adjust appropriation for centrally funded health insurance costs

Base Budget Adjustment

Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 475 G. of Chapter 836, 2017 Acts of Assembly.

	FY 2019	FY 2020
Nongeneral Fund	$1,322,982	$1,322,982

•

Adjust appropriation for replacement of the Clerk's Information System (CIS)

Decision Package

Funds the replacement of the CIS and improvement and standardization of the agency’s business processes. The project will increase operational efficiency, avoid the costs of maintaining a platform no longer supported by the producer, and support other efficiency initiatives of the agency such as the availability of electronic filing options for businesses. The project is expected to be completed in the second year.

	FY 2019	FY 2020
Nongeneral Fund	$611,153	($2,000,000)

•

Adjust Federal Trust appropriation

Decision Package

Adjusts appropriation based on historical and projected expenditures. This amendment is technical in nature.

	FY 2019	FY 2020
Nongeneral Fund	($1,300,000)	($1,300,000)

•

Adjust Trust and Agency appropriation

Decision Package

Adjusts appropriation based on historical and projected expenditures. This amendment is technical in nature.

	FY 2019	FY 2020
Nongeneral Fund	($1,000,000)	($1,000,000)

•

Adjust Public Service Company Fee and Tax appropriation

Decision Package

Adjusts appropriation based on historical and projected expenditures. This amendment is technical in nature.

	FY 2019	FY 2020
Nongeneral Fund	($1,000,000)	($1,000,000)

•

Enhance Bureau of Insurance's (BOI) Consumer Portal

Decision Package

Allows for the receipt and submission of confidential consumer complaint documents electronically. The consumer portal will also enhance the electronic payment functionality. The project is expected to be completed in the second year.

	FY 2019	FY 2020
Nongeneral Fund	$1,096,180	$700,000

•

Increase appropriation to replace the Business Automation System (BAS)

Decision Package

Replaces the Tyler Building's BAS controls, which are nearing their useful life and will no longer be supported by the manufacturer.

	FY 2019	FY 2020
Nongeneral Fund	$0	$1,600,000

•

Replace Bureau of Insurance's MarketPro System

Decision Package

Supports the cost of a web-based system. The replacement of the MarketPro System will allow the bureau to implement a one market conduct system to be utilized by the Property and Casualty and Life and Health Divisions.

	FY 2019	FY 2020
Nongeneral Fund	$200,000	$1,300,000

•

Redesign agency website

Decision Package

Improves the website's functionality and design. Enhancements to the website will allow customers to conduct business more efficiently, including business registrations and access to case information.

	FY 2019	FY 2020
Nongeneral Fund	$678,571	$321,430

•

Address increase in regulatory workload

Decision Package

Supports the cost of six positions to address the increase in the agency's regulatory workload. The amendment provides for four positions in the Utility and Railroad Safety Division, one position in the Securities and Retail Franchising Division, and one position in the Bureau of Insurance.

	FY 2019	FY 2020
Nongeneral Fund	$485,615	$485,615
Positions	6.00	6.00

•

Replace case management system

Decision Package

Replaces the case management system to allow the staff to perform related work more efficiently and effectively. The system will also allow users to have wider access to information and additional system functionality.

	FY 2019	FY 2020
Nongeneral Fund	$406,153	$406,153

•

Adjust appropriation for centrally funded retirement rate changes

Base Budget Adjustment

Adjusts appropriation for changes in state employee retirement rates budgeted in Central Appropriations, Item 475 H. of Chapter 836, 2017 Acts of Assembly.

	FY 2019	FY 2020
Nongeneral Fund	($319,191)	($319,191)

•

Implement Business Intelligence solution

Decision Package

Implements an enterprise-wide solution pursuant to a third-party assessment. The solution is expected to reduce costs to maintain different reporting tools currently used by the agency.

	FY 2019	FY 2020
Nongeneral Fund	$500,000	$0

•

Update fire suppression system

Decision Package

Replaces sprinkler heads that are nearing their useful life. The project is expected to be completed over a two-year period.

	FY 2019	FY 2020
Nongeneral Fund	$162,500	$162,500

•

Adjust appropriation for centrally funded state employee other post-employment benefit rate changes

Base Budget Adjustment

Adjusts appropriation for changes in state employee other post-employment benefit rates budgeted in Central Appropriations, Item 475 K. of Chapter 836, 2017 Acts of Assembly.

	FY 2019	FY 2020
Nongeneral Fund	$104,935	$104,935

•

Adjust appropriation for centrally funded information technology auditors and security officers

Base Budget Adjustment

Adjusts appropriation for information technology auditors and information security officers budgeted in Central Appropriations, Item 476 J. of Chapter 836, 2017 Acts of Assembly.

	FY 2019	FY 2020
Nongeneral Fund	$61,830	$61,830

•

Adjust appropriation for centrally funded changes in Cardinal charges

Base Budget Adjustment

Adjusts appropriation for the reduction in Cardinal charges budgeted in Central Appropriations, Item 476 L. of Chapter 836, 2017 Acts of Assembly.

	FY 2019	FY 2020
General Fund	($14)	($14)
Nongeneral Fund	($1,151)	($1,151)

•

Adjust appropriation for centrally funded workers’ compensation premium changes

Base Budget Adjustment

Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 475 V. of Chapter 836, 2017 Acts of Assembly.

	FY 2019	FY 2020
Nongeneral Fund	($1,037)	($1,037)

•

Reallocate appropriation and positions

Decision Package

Aligns nongeneral fund appropriation and positions to reflect proper accounting among the agency's five regulatory service areas. This technical adjustment results in a net sum zero transfer.

Capital Project Requests (in order of largest to smallest)

•

Maintenance Reserve

Authorizes the use of maintenance reserve funds to replace the Tyler Building roof.

	FY 2019	FY 2020
Nongeneral Fund	$1,250,000	$0

pdocagy2014 - Executive Budget Document Agency Details - 06-29-2025 21:01:39