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20-932 2% Fire Insurance Fund

Program Authorization: R.S. 22:1580-1587

PROGRAM DESCRIPTION

This program provides funding to local governmental entities to aid in fire protection. A 2% fee is assessed on fire insurance premiums; funding is remitted on a per capita basis to local entities.

RESOURCE ALLOCATION FOR THE PROGRAM

This agency's recommended appropriation does not include any funds for short-term debt.

This agency does not have any long-term debt for Fiscal Year 1999-2000.

SOURCE OF FUNDING

The source of funding for this program is Statutory Dedication - 2% Fire Insurance Fund. Money generated from a 2% surcharge on fire insurance premiums written in the state of Louisiana is deposited into this fund. (Per R.S. 39:32B.(8), see table below for a listing of expenditures out of each Statutory Dedicated fund.)

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

DESCRIPTION

 

 

 

 

 

$0

$8,200,000

0

 

ACT 19 FISCAL YEAR 1998-1999

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$0

0

 

None

 

 

 

 

 

$0

$8,200,000

0

 

EXISTING OPERATING BUDGET – November 20, 1998

 

 

 

 

 

$0

$100,000

0

 

Other Adjustments - Increase to reflect funding level approved by the Revenue Estimating Conference at its November 18, 1998 meeting

 

 

 

 

 

$0

$8,300,000

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$0

$100,000

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 101.2% of the existing operating budget. It represents 100.0% of the total request ($8,300,000) for this program. The total recommended reflects the Revenue Estimating Conference’s projection set at its November 18, 1998 meeting.

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1999-2000.

OTHER CHARGES

$8,300,000

 

State aid to local government entities to aid in fire protection, funded from the Two Percent Fire Insurance Fund

 

 

 

$8,300,000

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1999-2000.


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