COBI 2015 - ISF - Workers' Compensation

Overview
Issues
Financials

Sources Uses

FY 2016 Appropriation

The Workers' Compensation program is a pass-through of workers' compensation expenses paid by the state and its employees to the Workers' Compensation Fund of Utah, which provides coverage to employees on the state's payroll system. Higher education and school districts are not included in the program. The state collects monthly rates from employees' paychecks to pay the premiums billed by the Workers' Compensation Fund of Utah.

The fund supports three employees who work to reduce Workers' Compensation exposure and to increase risk-awareness by employees in an attempt to reduce accidents and therefore reduce claims. The fund also pays state agencies for half of approved expenses for ergonomic furniture, keyboards, and similar injury-preventing items for employees.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $9,040,200 from all sources for ISF - Workers' Compensation. This is a 0 percent increase from Fiscal Year 2015 revised estimated amounts from all sources.

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Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Interest Income	27,100	1,100	13,600	0	0	0	0	0	0
Risk Management - Workers Compensation	7,108,500	6,925,100	7,104,800	7,251,600	9,040,900	(1,000)	9,039,900	300	9,040,200
Total	$7,135,600	$6,926,200	$7,118,400	$7,251,600	$9,040,900	($1,000)	$9,039,900	$300	$9,040,200

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Personnel Services	215,100	234,700	226,200	284,700	241,000	99,500	340,500	0	340,500
In-state Travel	0	500	0	400	1,600	0	1,600	0	1,600
Out-of-state Travel	0	100	0	0	0	0	0	0	0
Current Expense	6,525,600	6,893,300	7,232,000	7,079,400	8,692,300	8,100	8,700,400	300	8,700,700
Other Charges/Pass Thru	104,700	104,800	600,200	79,500	106,000	0	106,000	0	106,000
Transfers	0	0	1,630,000	0	0	0	0	0	0
Total	$6,845,400	$7,233,400	$9,688,400	$7,444,000	$9,040,900	$107,600	$9,148,500	$300	$9,148,800

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Other Indicators	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Budgeted FTE	2	2	2	2	2	0	2	0	2
Actual FTE	1.97	2	2	2.50	0	0	0	0	0
Retained Earnings	3,621,300	3,314,000	743,900	551,500	406,300	36,700	443,000	(108,600)	334,400

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.