REVENUE AND REGULATION
GOVERNOR'S RECOMMENDED FY 2006 BUDGET
0264 Insurance Fraud Unit - Info

MISSION:
To confront the problem of insurance fraud in the state of South Dakota by prevention, investigation, and prosecution of fraudulent insurance acts.

  ACTUAL
FY 2003
ACTUAL
FY 2004
BUDGETED
FY 2005
REQUESTED
FY 2006
GOVERNOR'S RECOMMENDED
FY 2006
RECOMMENDED INC/(DEC)
FY 2006
FUNDING SOURCE:
   General Funds $0 $0 $0 $0 $0 $0
   Federal Funds 0 0 0 0 0 0
   Other Funds 239,576 231,665 290,570 290,570 290,570 0
      Total $239,576 $231,665 $290,570 $290,570 $290,570 $0
 
EXPENDITURE DETAIL:
   Personal Services $188,075 $186,176 $203,798 $203,798 $203,798 $0
   Operating Expenses 51,501 45,489 86,772 86,772 86,772 0
      Total $239,576 $231,665 $290,570 $290,570 $290,570 $0
 
Staffing Level FTE: 4.2 4.0 4.0 4.0 4.0 0.0

  ACTUAL
FY 2003

ACTUAL
FY 2004

ESTIMATED
FY 2005

ESTIMATED
FY 2006

REVENUES:  
   Company Assessments $344,250 $330,750 $20,000 $345,000
   Civil Penalties 2,443 2,000 3,000 3,000
   Investment Council Interest 14,687 11,258 11,500 12,000
      
Total

$361,380

$344,008

$34,500

$360,000
PERFORMANCE INDICATORS:  
   Educational Programs 8 4 12 18
   New Fraud Cases 130 105 130 135
   Cases Closed--Unfounded 67 105 70 80
   Criminal Convictions 7 3 12 12
   Civil Convictions 2 1 6 10

generated 12/06/04 03:40:42 PM