Financial Summary                                              

The SSC has several different funding sources.  These include the following:
Insurance Fund
California Insurance Code (CIC) section 12975.9 established a Seismic Safety subaccount in the Insurance Fund and imposed an assessment to fund the Alfred E. Alquist Seismic Safety Commission (SSC) upon appropriation by the Legislature. On July 1, 2012, this assessment became inoperative as the SSC was funded by the General Fund in Fiscal Year (FY) 2012-13, and funded by a General Fund loan in the amount of $1,122,000 in FY 2013-14. As of June 30, 2017, the SSC has repaid $407,000 of the General Fund loan.  Assembly Bill 98 (Chapter 27, Statutes of 2013) re-established a Seismic Safety subaccount, effective June 27, 2013, and imposed an assessment on each person who owns real property, commercial or residential, that is covered by a property insurance policy to fund the SSC. The California Department of Insurance (CDI) shall set the assessment annually every August 1 for all commercial and residential earned property exposures reported during the previous calendar year. This assessment supports the operations of the SSC and allows a multi-year repayment of the General Fund loan. Assessment Methodology Pursuant to CIC section 12975.9, the annual assessment shall be based on the number of earned property exposures from both commercial and residential insurance policies, the amount required for the support of the SSC, the actual collection and administrative costs of the department, and the maintenance of an adequate reserve, but shall not exceed fifteen cents ($0.15) per earned property exposure.
Gift Agreement, California Research and Assistance Fund
In August of 2007, the SSC was awarded a one-time allocation of funds, in the form of a Gift Agreement, from the California Research and Assistance Fund (CRAF).  The CRAF funds the SSC research and education projects.  As outlined in the CRAF Gift Agreement, the SSC is entitled to collect up to 10 percent overhead expenses for contracts awarded through the fund.   
Contract with the California Public Utilities Commission (CPUC)
The SSC also receives reimbursement from the California Public Utilities Commission (CPUC).  Pursuant to Assembly Bill No. 361, approved by the Governor, and under the California Emergency Services Act, the CPUC created an independent disaster council for the purposes of “planning” activities related to initial and subsequent assessments of the Diablo Canyon powerplant site.  These assessments include the investigation and interpretation of environmental factors such as seismic conditions. The bill requires the CPUC to convene, or continue, until August 26, 2015, an independent peer review panel to conduct an independent peer review of enhanced seismic studies and surveys of the Diablo Canyon Units 1 and 2 powerplant, including the surrounding areas of the facility and nuclear waste storage.
Ch. 399, 712. (b) The independent peer review panel shall contract with the Energy Commission, the California Geological Survey of the Department of Conservation, the California Coastal Commission, the Alfred E. Alquist Seismic Safety Commission, the Office of Emergency Services, and the County of San Luis Obispo to participate on the panel and provide expertise.
In accordance with Agreement number 11IA5937, executed on December 1, 2011, between the CPUC, California Seismic Safety Commission (CSSC), California Coastal Commission (CCC) and the California Energy Commission (CEC) the CPUC agrees to compensate the CSSC for authorized expenditures incurred in accordance with the rates specified and made part of the Agreement.  Total expenses claimed by the CSSC under the Agreement, include but are not limited to Travel and Other Expenses.  CSSC shall be entitled to the specific sum not to exceed the total amount of $188,000 through the duration of the Agreement for staffing and travel costs.

Appropriated Operating Budget

$  1,249,000

Actual Operating expenses

$  1,215,000

Cost Savings

$  34,000