REVENUE AND REGULATION
GOVERNOR'S RECOMMENDED FY 2008 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 2005
ACTUAL
FY 2006
BUDGETED
FY 2007
REQUESTED
FY 2008
GOVERNOR'S RECOMMENDED
FY 2008
RECOMMENDED INC/(DEC)
FY 2008
FUNDING SOURCE:
   General Funds $0 $0 $0 $0 $0 $0
   Federal Funds 0 0 0 0 0 0
   Other Funds 239,480 201,884 305,193 305,193 313,463 8,270
      Total $239,480 $201,884 $305,193 $305,193 $313,463 $8,270
 
EXPENDITURE DETAIL:
   Personal Services $187,385 $134,388 $218,421 $218,421 $226,691 $8,270
   Operating Expenses 52,095 67,496 86,772 86,772 86,772 0
      Total $239,480 $201,884 $305,193 $305,193 $313,463 $8,270
 
Staffing Level FTE: 3.7 3.0 4.0 4.0 4.0 0.0

  ACTUAL
FY 2005

ACTUAL
FY 2006

ESTIMATED
FY 2007

ESTIMATED
FY 2008

REVENUES:  
   Company Assessments $27,250 $346,250 $347,000 $20,000
   Civil Penalties 0 1,120 0 0
   Investment Council Interest 3,906 5,803 5,500 3,500
      
Total

$31,156

$353,173

$352,500

$23,500
PERFORMANCE INDICATORS:  
   Educational Programs 13 15 15 15
   New Fraud Cases 104 96 100 100
   Cases Closed--Unfounded 90 85 85 85
   Criminal Convictions 5 6 6 6
   Civil Convictions 0 0 0 0

generated 12/05/06 10:44:34 AM