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Statements of Net Cost
| Net Cost by Goal (Note 14) | 2011 | 2010 |
|---|---|---|
| GOAL 1: PROTECT THE PUBLIC AND MARKET PARTICIPANTS BY ENSURING MARKET INTEGRITY; PROMOTING TRANSPARENCY, COMPETITION, AND FAIRNESS; AND LOWERING RISK IN THE SYSTEM. | ||
| Gross Costs | $48,413,277 | $43,190,513 |
| Less: Earned Revenue | (22,890) | (18,301) |
| NET COST OF OPERATIONS – GOAL ONE | $48,390,387 | $43,172,212 |
| GOAL 2: PROTECT THE PUBLIC AND MARKET PARTICIPANTS BY ENSURING THE FINANCIAL INTEGRITY OF DERIVATIVES TRANSACTIONS, MITIGATION OF SYSTEMIC RISK, AND THE FITNESS AND SOUNDNESS OF INTERMEDIARIES AND OTHER REGISTRANTS. | ||
| Gross Costs | $43,722,068 | $39,097,798 |
| Less: Earned Revenue | (20,672) | (16,567) |
| NET COST OF OPERATIONS – GOAL TWO | $43,701,396 | $39,081,231 |
| GOAL 3: PROTECT THE PUBLIC AND MARKET PARTICIPANTS THROUGH A ROBUST ENFORCEMENT PROGRAM. | ||
| Gross Costs | $61,173,365 | $54,926,125 |
| Less: Earned Revenue | (28,923) | (23,274) |
| NET COST OF OPERATIONS – GOAL THREE | $61,144,442 | $54,902,851 |
| GOAL 4: ENHANCE INTEGRITY OF U.S. MARKETS BY ENGAGING IN CROSS-BORDER COOPERATION, PROMOTING STRONG INTERNATIONAL REGULATORY STANDARDS, AND ENCOURAGING ONGOING CONVERGENCE OF LAWS AND REGULATION WORLDWIDE. | ||
| Gross Costs | $8,444,176 | $7,492,007 |
| Less: Earned Revenue | (3,992) | (3,175) |
| NET COST OF OPERATIONS – GOAL FOUR | $8,440,184 | $7,488,832 |
| GOAL 5: PROMOTE COMMISSION EXCELLENCE THROUGH EXECUTIVE DIRECTION AND LEADERSHIP, ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE MANAGEMENT, AND EFFECTIVE MANAGEMENT OF RESOURCES. | ||
| Gross Costs | $25,895,474 | $24,834,334 |
| Less: Earned Revenue | (12,243) | (10,523) |
| NET COST OF OPERATIONS – GOAL FIVE | $25,883,231 | $24,823,811 |
GRAND TOTAL |
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| Gross Costs | $187,648,360 | $169,540,777 |
| Less: Earned Revenue | (88,720) | (71,840) |
| TOTAL NET COST OF OPERATIONS | $187,559,640 | $169,468,937 |
The accompanying notes are an integral part of these financial statements.