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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. Ensure the Economic Vitality of the Commodity Futures and Option Markets;

  2. Protect Market Users and the Public;

  3. Ensure Market Integrity in Order to Foster Open, Competitive, and Financially Sound Markets; and

  4. Facilitate Commission Performance Through Organizational and Management Excellence, Efficient Use of Resources, and Effective Mission Support.

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 2010 and 2009
  2010 2009
GOAL 1: ENSURE THE ECONOMIC VITALITY OF THE COMMODITY FUTURES AND OPTION MARKETS
Intragovernmental Gross Costs $9,980,841 $7,061,197
Less: Earned Revenue (11,954) (12,591)
Intragovernmental Net Cost of Operations $9,968,887 $7,048,606
Gross Costs with the Public $44,272,207 $33,683,882
Less: Earned Revenue (11,034) (19,018)
Net Cost of Operations with the Public $44,261,173 $33,664,864
TOTAL NET COST OF OPERATIONS – GOAL ONE $54,230,060 $40,713,470

GOAL 2: PROTECT MARKET USERS AND THE PUBLIC
Intragovernmental Gross Costs $7,173,729 $5,238,953
Less: Earned Revenue (8,592) (9,342)
Intragovernmental Net Cost of Operations $7,165,137 $5,229,611
Gross Costs with the Public $31,820,650 $24,991,267
Less: Earned Revenue (7,931) (14,110)
Net Cost of Operations with the Public $31,812,719 $24,977,157
TOTAL NET COST OF OPERATIONS – GOAL TWO $38,977,856 $30,206,768

GOAL 3: ENSURE MARKET INTEGRITY IN ORDER TO FOSTER OPEN, COMPETITIVE, AND FINANCIALLY SOUND MARKETS
Intragovernmental Gross Costs $7,797,532 $5,238,953
Less: Earned Revenue (9,339) (9,342)
Intragovernmental Net Cost of Operations $7,788,193 $5,229,611
Gross Costs with the Public $34,587,662 $24,991,267
Less: Earned Revenue (8,621) (14,110)
Net Cost of Operations with the Public $34,579,041 $24,977,157
TOTAL NET COST OF OPERATIONS – GOAL THREE $42,367,234 $30,206,768

GOAL 4: FACILITATE COMMISSION PERFORMANCE THROUGH ORGANIZATIONAL AND MANAGEMENT EXCELLENCE, EFFICIENT USE OF RESOURCES, AND EFFECTIVE MISSION SUPPORT
Intragovernmental Gross Costs $6,238,025 $5,238,953
Less: Earned Revenue (7,471) (9,342)
Intragovernmental Net Cost of Operations $6,230,554 $5,229,611
Gross Costs with the Public $27,670,130 $24,991,267
Less: Earned Revenue (6,897) (14,110)
Net Cost of Operations with the Public $27,663,233 $24,977,157
TOTAL NET COST OF OPERATIONS – GOAL FOUR $33,893,787 $30,206,768
NET COST OF OPERATIONS $169,468,937 $131,333,774

 

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