Relates to the appropriation to the Division of Financial Management for fiscal year 2020.

This is the FY 2020 original appropriation bill for the Division of Financial Management. It appropriates $2,035,900 and caps the number of authorized full-time equivalent positions at 15.00. For benefit costs, the bill maintains the current appropriated amount for health insurance at $11,650 per eligible FTP; provides a 5.5% increase for the employer's share of PERSI contributions; and temporarily reduces the rate agencies pay the Division of Human Resources for its services. The bill also provides funding for the equivalent of a 3% change in employee compensation for permanent employees, with a minimum increase of $550 for each employee and the remaining amount to be distributed based on merit. This budget includes one line item. Gov Tech 4 provides $9,500 in accordance with the Governor's Technology Initiative to consolidate and secure IT services. Overall, this budget is a 3.9% increase above the FY 2019 original appropriation.