|
GOVERNOR'S RECOMMENDED FY 2006 BUDGET |
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 2003ACTUAL
FY 2004BUDGETED
FY 2005REQUESTED
FY 2006GOVERNOR'S RECOMMENDED
FY 2006RECOMMENDED INC/(DEC)
FY 2006
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
954,222
1,026,560
1,063,870
1,191,624
1,168,624
104,754
Total
$954,222
$1,026,560
$1,063,870
$1,191,624
$1,168,624
$104,754
EXPENDITURE DETAIL:
Personal Services
$725,222
$771,115
$844,032
$866,786
$866,786
$22,754
Operating Expenses
229,001
255,445
219,838
324,838
301,838
82,000
Total
$954,222
$1,026,560
$1,063,870
$1,191,624
$1,168,624
$104,754
Staffing Level FTE:
14.3
14.3
15.5
15.5
15.5
0.0
| ACTUAL FY 2003 |
ACTUAL FY 2004 |
ESTIMATED FY 2005 |
ESTIMATED FY 2006 |
|
| REVENUES: | ||||
| Banking Revolving Fund: | $0 | $0 | $0 | $0 |
| Bank Examination Fee | 438,026 | 556,441 | 695,438 | 730,644 |
| Trust Company Examination Fee | 21,239 | 0 | 26,000 | 26,000 |
| Money Lenders Renewal and Applications | 80,500 | 165,000 | 163,000 | 178,000 |
| Other License Fees | 112,850 | 174,580 | 222,450 | 243,850 |
| Trust Company Supervison Fee | 0 | 0 | 52,859 | 55,000 |
| Investment Council Interest | 39,720 | 18,401 | 10,000 | 10,000 |
| Miscellaneous | 3,495 | 7,548 | 0 | 0 |
| Trust Company Charter Fees (General Fund) | 20,000 | 5,000 | 10,000 | 10,000 |
| Total |
$715,830 |
$926,970 |
$1,179,747 |
$1,253,494 |
| PERFORMANCE INDICATORS: | ||||
| Action on Applications: | ||||
| New Bank/Trust Company Charters | 0/2 | 1/1 | 1/2 | 0/2 |
| Branches/Changes of Location or Control | 12/1 | 13/1 | 10/1 | 10/1 |
| Mergers/Denied Branch Banks | 1/0 | 3/1 | 2/0 | 2/0 |
| Interstate Banking and Branching | 0 | 0 | 2 | 2 |
| Institutions Examined: | ||||
| Money Lenders (self examination) | 272 | 257 | 260 | 265 |
| Banks (1) | *34 | *38 | 40 | 40 |
| Trust Companies | 8 | 5 | 12 | 12 |
| Mortgage Lenders/Brokers (2) | 232/86 | 218/100 | 220/0 | 225/0 |
| (self examination) | ||||
| Licenses Issued or Renewed: | ||||
| Money Lenders | 359 | 266 | 326 | 356 |
| Money Orders | 20 | 8 | 15 | 16 |
| Mortgage Lenders/Brokers | 345/198 | 216/162 | 342/293 | 370/339 |
| Charters Cancelled: | ||||
| Banks and Bank Branches | 6 | 10 | 5 | 5 |
| Asset Size of Institutions Supervised: | ||||
| Total Assets | $9,503,232,000 | $10,130,289,000 | $10,476,162,000 | $11,006,517,000 |