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| Net Cost by Goal (Note 15) | 2012 | 2011 |
|---|---|---|
| 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 | $59,233,491 | $48,413,277 |
| Less: Earned Revenue | (64,907) | (22,890) |
| NET COST OF OPERATIONS – GOAL ONE | $59,168,584 | $48,390,387 |
| 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 | $54,707,413 | $43,722,068 |
| Less: Earned Revenue | (59,948) | (20,672) |
| NET COST OF OPERATIONS – GOAL TWO | $54,647,465 | $43,701,396 |
| GOAL 3: PROTECT THE PUBLIC AND MARKET PARTICIPANTS THROUGH A ROBUST ENFORCEMENT PROGRAM. | ||
| Gross Costs | $61,039,770 | $61,173,365 |
| Less: Earned Revenue | (66,887) | (28,923) |
| NET COST OF OPERATIONS – GOAL THREE | $60,972,883 | $61,144,442 |
| 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 | $6,955,212 | $8,444,176 |
| Less: Earned Revenue | (7,621) | (3,992) |
| NET COST OF OPERATIONS – GOAL FOUR | $6,947,591 | $8,440,184 |
| GOAL 5: PROMOTE COMMISSION EXCELLENCE THROUGH EXECUTIVE DIRECTION AND LEADERSHIP, ORGANIZATIONAL AND INDIVIDUAL PERFORMANCE MANAGEMENT, AND EFFECTIVE MANAGEMENT OF RESOURCES. | ||
| Gross Costs | $25,682,379 | $25,895,474 |
| Less: Earned Revenue | (28,141) | (12,243) |
| NET COST OF OPERATIONS – GOAL FIVE | $25,654,238 | $25,883,231 |
GRAND TOTAL |
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| Gross Costs | $207,618,265 | $187,648,360 |
| Less: Earned Revenue | (227,504) | (88,720) |
| TOTAL NET COST OF OPERATIONS | $207,390,761 | $187,559,640 |
The accompanying notes are an integral part of these financial statements.