Part 3 – Incurred Losses in FY24

This part of the Annual Report by State Agencies captures data regarding each agency’s incurred losses in FY24 using Comptroller Expenditure Codes. You must also supply additional details on incurred losses.  

Once the data in Part 3 is submitted, a confirmation message will appear. 

1.    Claims and Judgments

Please enter expenditures for the Comptroller categories below. If you did not have expenditures in a particular category, please enter $0.

• 7220 – Court Ordered Notification Expenses
• 7221 – Settlements & Judgments Texas Tort/Pre-Litigation & Related Claims-No OAG Approval Required
• 7222 – Filing Fees – Documents
• 7223 – Court Costs
• 7224 – Witness Fees and Allowances – Criminal Cases and Administrative Hearings
• 7225 – Judgments & Settlements – Attorney Fees
• 7226 – Judgments & Settlements for Claimant/Plaintiff, or Other Legal Expenses
• 7227 – Miscellaneous Claims Act Payments
• 7228 – Legislative Claims
• 7229 – Judgments and Settlements for Claimant/Plaintiff and Attorney
• 7241 – Judgment Interest
• 7250 – Legislative Claims Interest

2.    Incurred Losses to State-Owned Assets

An incurred loss refers to any physical damage to agency property. This could include damage to buildings, vehicles, or other assets, whether it is tangible (actual physical damage) or intangible (such as loss of use or data). An incurred loss to state-owned assets encompasses the cost required to return the asset to its pre-loss condition or the cost of replacing the asset, whichever is less. If the agency has purchased an insurance product to protect the damaged asset, the incurred loss would be any amount paid by the insurance company or reserved by the insurance company for a future payment

If your agency incurred a loss during FY24, you need to provide the following information:

If a loss was covered by insurance, you will be asked to provide additional information regarding the premium your agency paid for the insurance coverage, the deductible your agency paid on the loss, and the amount the insurer paid on the loss.

If you need the ability to provide information on more than ten (10) losses, please email the complete list to SORM’s Insurance Coordinator at sorminsuranceteam@sorm.texas.gov.

3.    Incurred Liability Losses

An incurred liability loss includes, but is not limited to, any amount an agency must pay to a third party because of an alleged or actual wrongful act. This could include damages because of injuries to other persons, damage to their property, or other losses resulting from a tortious act, error, or omission of the agency or its employees while performing their official duties. It also covers the cost of legal representation in administrative or judicial proceedings. If the agency has purchased an insurance product to protect itself from liability claims, the incurred loss would be any amount paid by the insurance company or reserved by the insurance company for a future payment

If your agency incurred a loss during FY24, you need to provide the following information:

If a loss was covered by insurance, you will be asked to provide additional information regarding the premium your agency paid for the insurance coverage, the deductible your agency paid on the loss, and the amount the insurer paid on the loss.

If you need the ability to provide information on more than ten (10) liability losses, please email the complete list to SORM’s Insurance Coordinator at sorminsuranceteam@sorm.texas.gov.