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Division of Financial Management requests one financial analyst to strengthen reporting and oversight
Summary
DFM asked the committee for a single ongoing financial‑management analyst and modest IT replacements, saying the additional position will improve state financial reporting, oversight of executive agencies and implementation of LUMA financial systems.
The Division of Financial Management (DFM) presented a short, targeted request to the Joint Finance Preparation Committee on March 12, 2025: add one senior financial management analyst within the budget bureau and cover a few IT replacement items.
Budget analyst Christopher LaHosa explained the request is for $124,400 total, comprised of roughly $118,100 in ongoing personnel and operating costs (from the indirect cost recovery fund) and $5,800 one‑time for onboarding equipment. DFM said the requested position would be a non‑classified role with a base salary of $85,500. The agency also requested $21,100 for four network switches at ITS’s recommendation.
Why it matters: DFM told the committee it experienced leadership turnover over the prior year but is now fully staffed and that the additional analyst would increase financial visibility across executive agencies, improve reporting and support continued financial system modernization.
Questions and context
Senator Cook asked about prior vacancies; Administrator Laurie Wolf said turnover earlier in the year led to temporary vacancies but that DFM is currently fully staffed. Wolf and the budget bureau chief said the new position is intended to improve reporting and oversight and help DFM use data from the state’s new financial system to provide better transparency to the committee and the public.
Ending
The request was described as modest and operational; DFM asked the committee to consider the position as part of the FY2026 budget process. No vote or formal action was recorded during the hearing.
