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Statements of Net Cost


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STATEMENTS OF NET COST
For the Years Ended September 30, 2012 and 2011
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
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.

 

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