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SORM reports first-quarter budget status and a rising claims workload
Summary
SORM reported it had expended about 16% of its administrative budget and 24% of its claims budget in Q1 and described an unexpected rise in claims activity (1,845 claims received) that staff are addressing with outreach and reconciliation work.
Tony Bennett, director of financial management, presented the agency’s consolidated budget for the first quarter of FY2: about 16% of administrative budget and 24% of claims budget expended as of the reporting date, with projections for several cost scenarios.
Mitchell Griffin, director of claims operations, told the board the agency received 1,845 claims this quarter — the most in a quarter since FY22 — accepted 1,599 claims and inactivated 1,894 claims as part of reconciliation work. "We received 1,845 claims um this quarter ... we did uh accept 1,599 claims uh we inactivated 1,894 claims," Griffin said. Staff said the rise partly reflected notifications converted into claims per statute and that they are meeting with agencies to clarify filing processes.
Board members asked about adjustments in the projection and an approximately $360,000 adjustment tied to board-approved increases from the General Appropriations Act; staff said some adjustments cover increased OAG costs.
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