REVENUE AND REGULATION
GOVERNOR'S RECOMMENDED FY 2005 BUDGET
0261 Banking

MISSION:
To regulate and supervise state-chartered and licensed financial institutions; to maintain stability and public confidence in state-chartered institutions; to protect public interests; and, to promote the safety and soundness of state-chartered financial institutions by identifying, monitoring, and addressing risks to those institutions.

  ACTUAL
FY 2002
ACTUAL
FY 2003
BUDGETED
FY 2004
REQUESTED
FY 2005
GOVERNOR'S RECOMMENDED
FY 2005
RECOMMENDED INC/(DEC)
FY 2005
FUNDING SOURCE:
   General Funds $0 $0 $0 $0 $0 $0
   Federal Funds 0 0 0 0 0 0
   Other Funds 933,426 954,222 1,045,525 1,071,563 1,034,242 (11,283)
      Total $933,426 $954,222 $1,045,525 $1,071,563 $1,034,242 ($11,283)
 
EXPENDITURE DETAIL:
   Personal Services $691,089 $725,221 $789,981 $829,725 $814,404 $24,423
   Operating Expenses 242,337 229,000 255,544 241,838 219,838 (35,706)
      Total $933,426 $954,222 $1,045,525 $1,071,563 $1,034,242 ($11,283)
 
Staffing Level FTE: 14.6 14.3 15.5 15.5 15.5 0.0

  ACTUAL
FY 2002

ACTUAL
FY 2003

ESTIMATED
FY 2004

ESTIMATED
FY 2005

REVENUES:  
   Banking Revolving Fund: $0 $0 $0 $0
   Bank Examination Fee 416,811 438,026 579,509 708,640
   Trust Company Examination Fee 11,137 21,239 26,000 26,000
   Money Lenders Renewal and Applications 72,650 80,500 180,000 185,000
   Other License Fees 108,959 112,850 248,000 256,000
   Investment Council Interest 61,391 39,720 10,000 10,000
   Miscellaneous 12,191 3,495 5,000 5,000
   Trust Company Charter Fees (General Fund) 20,000 20,000 10,000 10,000
   Trust Company Supervison Fee (Proposed) 0 0 21,000 46,000
      
Total

$703,139

$715,830

$1,079,509

$1,246,640
PERFORMANCE INDICATORS:  
   Action on Applications:
   New Bank/Trust Company Charters 0/1 0/2 0/2 0/2
   Branches and Changes of Location/Control 9/1 12/1 10/2 10/2
   Mergers/Denied Branch Banks 1/0 1/0 1/0 1/0
   Interstate Banking and Branching 3 0 1 1
   Institutions Examined:
   Money Lenders 218 272 300 320
   Banks 31 * 29 30 35
   Trust Companies 5 8 10 10
   Mortgage Lenders/Brokers 211/85 232/86 275/150 300/175
   Bank Trusts and EDP Departments 4 5 25 25
   Licenses Issued or Renewed:
   Money Lenders 320 359 360 370
   Money Orders 12 20 15 15
   Mortgage Lenders/Brokers 311/184 345/198 355/210 365/220
   Charters Cancelled:
   Banks and Bank Branches 2 6 2 1
   Asset Size of Institutions Supervised:
   Total Assets $8,898,524,000 $9,503,232,000 $9,984,333,000 $10,489,789,000

generated 12/01/03 10:08:21 AM