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Note 14. Intra-governmental Cost and Exchange Revenue by Goal

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As required by the Government Performance and Results Act of 1993, the agency's reporting has been aligned with the following major goals presented in the 2007 - 2012 CFTC Strategic Plan.

  1. Protect the public and market participants by ensuring market integrity; promoting transparency, competition, and fairness; and lowering risk in the system.

  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.

  3. Protect the public and market participants through a robust enforcement program.

  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.

  5. Promote Commission excellence through executive direction and leadership, organizational and individual performance management, and effective management of resources.

The Net Cost of Operations is derived from transactions between the Commission and public entities, as well as with other federal agencies. The details of the intra-governmental costs and revenues, as well as those with the public, are as follows:

INTRA-GOVERNMENTAL COST AND EXCHANGE REVENUE BY GOAL
For Fiscal Years 2011 and 2010
  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
Intragovernmental Gross Costs $8,543,266 $7,945,685
Less: Earned Revenue $(18,783) $(9,517)
Intragovernmental Net Cost of Operations $8,524,483 $7,936,168
Gross Costs with the Public $39,870,011 $35,244,828
Less: Earned Revenue $(4,107) $(8,784)
Net Cost of Operations with the Public $39,865,904 $35,236,044
TOTAL NET COST OF OPERATIONS – GOAL 1 $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
Intragovernmental Gross Costs $7,715,430 $7,192,755
Less: Earned Revenue $(16,963) $(8,615)
Intragovernmental Net Cost of Operations $7,698,467 $7,184,140
Gross Costs with the Public $36,006,638 $31,905,043
Less: Earned Revenue $(3,709) $(7,952)
Net Cost of Operations with the Public $36,002,929 $31,897,091
TOTAL NET COST OF OPERATIONS – GOAL 2 $43,701,396 $39,081,231

GOAL 3: PROTECT THE PUBLIC AND MARKET PARTICIPANTS THROUGH A ROBUST ENFORCEMENT PROGRAM
Intragovernmental Gross Costs $10,794,979 $10,104,665
Less: Earned Revenue $(23,734) $(12,102)
Intragovernmental Net Cost of Operations $10,771,245 $10,092,563
Gross Costs with the Public $50,378,386 $44,821,460
Less: Earned Revenue $(5,189) $(11,172)
Net Cost of Operations with the Public $50,373,197 $44,810,288
TOTAL NET COST OF OPERATIONS – GOAL 3 $61,144,442 $54,902,851

GOAL 4: ENHANCE INTEGRITY OF US MARKETS BY ENGAGING IN CROSS-BORDER COOPERATION, PROMOTING STRONG INTERNATIONAL REGULATORY STANDARDS, AND ENCOURAGING ONGOING CONVERGENCE OF LAWS AND REGULATION WORLDWIDE
Intragovernmental Gross Costs $1,490,105 $1,403,556
Less: Earned Revenue $(3,276) $(1,681)
Intragovernmental Net Cost of Operations $1,486,829 $1,401,875
Gross Costs with the Public $6,954,071 $6,088,451
Less: Earned Revenue $(716) $(1,494)
Net Cost of Operations with the Public $6,953,355 $6,086,957
TOTAL NET COST OF OPERATIONS – GOAL 4 $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
Intragovernmental Gross Costs $4,569,654 $4,568,730
Less: Earned Revenue $(10,047) $(5,472)
Intragovernmental Net Cost of Operations $4,559,607 $4,563,258
Gross Costs with the Public $21,325,820 $20,265,604
Less: Earned Revenue $(2,196) $(5,051)
Net Cost of Operations with the Public $21,323,624 $20,260,553
TOTAL NET COST OF OPERATIONS – GOAL 5 $25,883,231 $24,823,811
NET COST OF OPERATIONS $187,559,640 $169,468,937

 

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