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Note 14. Intra-governmental Cost and Exchange Revenue by Goal
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.
- Ensure the Economic Vitality of the Commodity Futures and Option Markets;
- Protect Market Users and the Public;
- Ensure Market Integrity in Order to Foster Open, Competitive, and Financially Sound Markets; and
- 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:
| 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 |