COBI 2015 - Insurance Fraud Victim Restitution Fund

Overview
Issues
Performance
Background
Financials

Sources Uses

FY 2016 Appropriation

The Insurance Fraud Victim Restitution Account is earmarked for the sole benefit of insurance fraud victims. Funds are the result of court orders related to insurance fraud.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $322,300 from all sources for Insurance Fraud Victim Restitution Fund. This is a 7.4 percent increase from Fiscal Year 2015 revised estimated amounts from all sources.

Statute

Statutory authority for the fund is found in UCA 31A-31-108.5.

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Insurance Fraud Victim Restitution Fund	0	0	0	288,100	322,300	(22,300)	300,000	22,300	322,300
Total	$0	$0	$0	$288,100	$322,300	($22,300)	$300,000	$22,300	$322,300

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
GFR - Insurance Fraud Investigation	0	0	0	423,500	322,300	102,700	425,000	(102,700)	322,300
Transfers	0	0	0	322,300	0	0	0	0	0
Lapsing Balance	0	0	0	(457,700)	0	(125,000)	(125,000)	125,000	0
Total	$0	$0	$0	$288,100	$322,300	($22,300)	$300,000	$22,300	$322,300

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Current Expense	0	0	0	288,100	0	300,000	300,000	(300,000)	0
Other Charges/Pass Thru	0	0	0	0	322,300	(322,300)	0	322,300	322,300
Total	$0	$0	$0	$288,100	$322,300	($22,300)	$300,000	$22,300	$322,300

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.