Staff Budget Briefing - leg.colorado.gov

STAFF BUDGET BRIEFING FY 2022-23

DEPARTMENT OF REGULATORY AGENCIES

JBC WORKING DOCUMENT - SUBJECT TO CHANGE STAFF RECOMMENDATION DOES NOT REPRESENT COMMITTEE DECISION

PREPARED BY: MITCH BURMEISTER, JBC STAFF

NOVEMBER 30, 2021

JOINT BUDGET COMMITTEE STAFF 200 E. 14TH AVENUE, 3RD FLOOR ? DENVER ? COLORADO ? 80203

TELEPHONE: (303) 866-2061 ? TDD: (303) 866-3472

CONTENTS

Department Overview ....................................................................................................................................................... 1 Department Budget: Recent Appropriations ................................................................................................................. 2 Department Budget: Graphic Overview......................................................................................................................... 3 General Factors Driving the Budget................................................................................................................................ 5

Legal Services ................................................................................................................................................................. 5 Licenses and Examinations .......................................................................................................................................... 7 FTE Breakdown............................................................................................................................................................. 8 Summary: FY 2021-22 Appropriation & FY 2022-23 Request................................................................................ 10 Issue: R4 Increase Resources for the Executive Director's Office........................................................................... 13 Summary........................................................................................................................................................................ 13 Discussion ..................................................................................................................................................................... 13 Issue: R1 Implementation of Primary Care and Maternal Health APMs ................................................................ 15 Summary........................................................................................................................................................................ 15 Discussion ..................................................................................................................................................................... 15 Appendix A Numbers Pages (Digital Only)..............................................................................................................A-1 Appendix B Footnotes and Information Requests .................................................................................................. B-1 Appendix C Department Annual Performance Report ..........................................................................................C-1 Appendix D Department Responses to Requests for Information (Digital Only)............................................ D-1 Appendix E 2021 Sunset Reviews ..............................................................................................................................E-1

ADDITIONAL RESOURCES

Brief summaries of all bills that passed during the 2020 and 2021 legislative sessions that had a fiscal impact on this department are available in Appendix A of the annual Appropriations Report:

The online version of the briefing document, which includes the Numbers Pages, may be found by searching the budget documents on the General Assembly's website by visiting leg.content/budget/budget-documents. Once on the budget documents page, select the name of this department's Department/Topic, "Briefing" under Type, and ensure that Start date and End date encompass the date a document was presented to the JBC.

DEPARTMENT OF REGULATORY AGENCIES

DEPARTMENT OVERVIEW

This Joint Budget Committee staff budget briefing document includes the following eleven units within the Department of Regulatory Agencies (DORA):

? The Executive Director's Office provides administrative and technical support for the Department's divisions and programs, including functions associated with accounting, purchasing, budgeting, communications, legislative services, and human resources. The office also includes the Colorado Office of Policy, Research, and Regulatory Reform.

? The Division of Banking regulates state-chartered commercial banks, trust companies, money transmitters, and national banks and interstate banks that maintain public deposit accounts in Colorado.

? The Division of Civil Rights enforces Colorado's anti-discrimination laws in the areas of employment, housing, and public accommodations.

? The Office of the Utility Consumer Advocate represents the public interest and the specific interests of residential, small business, and agricultural consumers in rate and rulemaking cases before the Public Utilities Commission, federal agencies, and the courts.

? The Division of Financial Services examines and supervises state-chartered credit unions and state-chartered savings and loan associations, enforces the Savings and Loan Public Deposit Protection Act, and regulates certain financial activities of life care institutions.

? The Division of Insurance regulates companies and agents providing health insurance, property and liability insurance (homeowners and automobile), life insurance, and title insurance.

? The Public Utilities Commission regulates investor-owned electric, natural gas, telecommunications, private water utilities, and motor vehicle carriers for hire.

? The Division of Real Estate licenses real estate agents, appraisers, and mortgage loan originators and registers mortgage companies and homeownersassociations.

? The Division of Professions and Occupations regulates over 500,000 licensees in over 50 professions, occupations, and businesses to ensure a basic level of competence to protect the public welfare.

30-Nov-2021

1

REG-brf

? The Division of Securities monitors the conduct of broker-dealers and sales representatives, investigates citizen complaints, and investigates indicators of investment fraud.

? The Division of Conservation, in conjunction with the Conservation Easement Oversight Commission, certifies conservation easement holders and conservation easement tax credit certificates.

DEPARTMENT BUDGET: RECENT APPROPRIATIONS

FUNDING SOURCE General Fund Cash Funds Reappropriated Funds Federal Funds TOTAL FUNDS

Full Time Equiv. Staff

*Requested appropriation.

FY 2019-20

$2,324,519 109,697,995

5,482,149 1,323,269 $118,827,932

591.8

FY 2020-21

$1,940,640 109,836,123

5,533,354 1,442,682 $118,752,799

600.8

FY 2021-22

$2,867,009 116,251,796

5,639,571 1,890,156 $126,648,532

635.5

FY 2022-23 *

$3,005,622 123,419,932

6,194,510 1,612,874 $134,232,938

655.0

Funding for the Department of Regulatory Agencies in FY 2021-22 consists of 2.3 percent General Fund, 91.8 percent cash funds, 4.4 percent reappropriated funds, and 1.5 percent federal funds.

30-Nov-2021

2

REG-brf

DEPARTMENT BUDGET: GRAPHIC OVERVIEW

Department's Share of Statewide General Fund

0.0%

Based on the FY 2021-22 appropriation.

Department Funding Sources

Cash Funds

Reappropriated Funds

4.4%

General Fund 2.3%

Federal Funds 1.5% 0% Based on the FY 2021-22 appropriation.

30-Nov-2021

3

91.8%

100%

REG-brf

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download