Below is more information about the agency, including who leads it, how many staff the department employs and what it does.
FAST FACTS
Budget: Gov. Ron DeSantis has recommended $31.5 million for FLDFS’ IT budget for Fiscal Year 2025-26. The total recommended budget is $688.5 million.
Leadership: Jimmy Patronis served as the state’s chief financial officer from 2017 until March 31, 2025; he is currently representing Florida's 1st Congressional District in the U.S. House of Representatives. DeSantis is currently looking for his replacement.
Staff: According to the governor’s recommendations, the agency has 2,593 positions.
MORE ABOUT THE AGENCY
“In 1998, voters passed a constitutional amendment combining the elected cabinet offices of state treasurer and state comptroller into the position of chief financial officer, with a four-year term as one of three cabinet members,” FLDFS’ website states.
In 2002, the state’s Legislature merged the state departments of Insurance, Treasury and State Fire Marshal with the Department of Banking and Finance to create FLDFS.
Now, the agency oversees various financial services, including the state’s accounting and auditing functions, fire prevention and control measures, risk management program and more.
DeSantis is recommending the following funding for FLDFS IT:
- $36.2 million to replace Florida Accounting Information Resource (FLAIR), “a double-entry, computer-based, general ledger accounting system,” according to the department’s website
- $6 million to replace the Office of Financial Regulation’s Regulatory Enforcement and Licensing system
- $3 million for Florida Planning, Accounting and Ledger Management (PALM) contract contingencies
- $2.8 million for a customer relationship management replacement
- $991,440 for PALM readiness
