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My Florida C F O
Weekly eNewsletter from Florida's Chief Financial Officer

Dear Fellow Floridian:

Memorial Day, unfortunately, has become more about retail and parties than understanding the importance of remembrance and the solemn celebration it should be in our lives. We may not think about the Civil War when we think about Memorial Day, although it would American flagmake perfect sense to do so.

The history of Memorial Day and how we honor our fallen heroes is rooted in a day from the Civil War called Decoration Day. In the late 1860s, northern Civil War veterans led by Gen. John A. Logan called for a day of remembrance: “The 30th of May is designated for the purpose…decorating the graves of comrades who died in defense of their country…and whose bodies now lie in almost every city, village and hamlet churchyard in the land…”

As you come together with family and friends, remember those who gave their lives throughout our history so that we can enjoy the freedoms we have today. Remember the families missing a mother, father, sister, brother or friend, and wave your flag for them. Decorate your home in the colors of our flag, and keep our fallen heroes and their families in your thoughts and prayers so the ideals and principles that America’s soldiers fight and die for are never forgotten.

Jeff Atwater
Jeff Atwater
Chief Financial Officer
State of Florida

Hurricane Season Begins on June 1

As we rapidly approach a day Floridians know very well – June 1, the beginning of hurricane season – it is time to start preparing Protect your homebasefinancially for a potential storm. Floridians know how to harden and prepare their homes and businesses and have the necessary supplies stored in case they are left for days without electricity.

This season, CFO Atwater urges you to make hurricane financial preparedness part of your hurricane checklist. Having adequate insurance coverage for your property, securing important documents before a storm and having the ability to recover after a storm will help protect you financially this hurricane season.

The top three reasons homeowners strike out when it comes to insurance claims are insufficient documentation, lack of adequate insurance coverage and failure to retain proof of damage.

For more on hurricane preparedness, visit and click on Disaster Preparedness, or call 1-877-My-FL-CFO (1-877-693-5236).

News of Interest

Reuters: SpaceX rocket lifts off for space station trial run

Marco News: Naples entrepreneur out to get a lock on web-based storage, security

Wall Street Journal: Is 'you' a good investment?

Washington Post: Facebook shares drop 11 percent

Sarasota Herald Tribune: Early storm doesn't mean season will be busy, forecasters say

Orlando Sentinel: Small-business director: Lack of capital still hindering start-ups

State Loss Prevention Award Winners

Florida Chief Financial Officer Jeff Atwater announced the state agency, university and individual winners of the 2011 Loss Prevention Awards. The awards were presented at a ceremony held on Tuesday in Tallahassee for excellence in loss prevention on behalf of the Interagency Advisory Council (IAC) on Loss Prevention, made up of 48 state agencies and universities, and the Department of Financial Services’ (DFS) Division of Risk Management.

“Along with the Interagency Advisory Council, I am honored to recognize state agencies and universities that have gone the extra mile to reduce workers’ comp and other preventable losses,” CFO Jeff Atwater said. “Their loss reductions mean that the tax dollars hardworking Floridians send to their government go further in serving our fellow Floridians.”

The Loss Prevention Awards are based on the performance of the agencies and universities in respect to claims cost and frequency. In order to receive an award, agencies had to rank at the top in claims frequency reduction or claims cost reduction in separate categories for small, medium and large agencies. Individual safety coordinators and alternate safety coordinators were recognized based upon their agency performances and their involvement with interagency and statewide risk-management activities. One agency was selected for the “Award of Excellence” based on agency performance and contributions to statewide risk management. Two agencies were selected for sustained performance for consistent reductions in cost and frequency.

  • Award of Excellence:
  • Department of Environmental Protection
  • Awards for Sustained Performance:
  • Florida State University, Florida Fish and Wildlife Conservation Commission
  • Awards for Reduction in Claims Costs:
  • Florida International University, Department of Agriculture and Consumer Services, Department of Military Affairs, University of South Florida, Department of Elder Affairs, Division of Administrative Hearings, Department of Transportation, Agency for Persons with Disabilities, New College of Florida
  • Awards for Reduction in Claims Frequency:
  • Justice Administration Commission, Department of Business and Professional Regulations, Department of Citrus, Department of Corrections, Florida Gulf Coast University, Department of Management Services, Florida State University, Department of Financial Services
  • The Safety Coordinator of the Year:
  • Laymon Gray, Florida State University; Andy Snuggs, Justice Administration Commission; Tommy Blankenship, Department of Juvenile Justice
  • Alternate Safety Coordinator of the Year:
  • Paul Palmiotto, Department of Law Enforcement; Mark Eacker, Department of Transportation; John Criswell, Department of Juvenile Justice

The Florida Legislature established the IAC on Loss Prevention in 1979. It is composed of the safety coordinators from each state department and a representative designated by the Division of Risk Management. The council meets quarterly to discuss and find solutions for safety problems within state government.

A Roadmap for your Financial Future

The spring issue of Florida’s Bottom Line focuses on how Florida can attract much-needed investors to support Florida’s entrepreneurs, who can effectively grow health care, technology and manufacturing in our state's burgeoning economy. Our companion website provides the most up-to-date financial and economic statistics for Florida, serving as a roadmap for your financial future.

Visit Florida's Bottom Line website at