|
GOVERNOR'S RECOMMENDED FY 2007 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 2004ACTUAL
FY 2005BUDGETED
FY 2006REQUESTED
FY 2007GOVERNOR'S RECOMMENDED
FY 2007RECOMMENDED INC/(DEC)
FY 2007
FUNDING SOURCE:
General Funds
$0
$0
$0
$0
$0
$0
Federal Funds
0
0
0
0
0
0
Other Funds
1,026,560
1,041,263
1,193,013
1,222,113
1,260,608
67,595
Total
$1,026,560
$1,041,263
$1,193,013
$1,222,113
$1,260,608
$67,595
EXPENDITURE DETAIL:
Personal Services
$771,115
$824,634
$891,175
$912,786
$951,281
$60,106
Operating Expenses
255,445
216,628
301,838
309,327
309,327
7,489
Total
$1,026,560
$1,041,263
$1,193,013
$1,222,113
$1,260,608
$67,595
Staffing Level FTE:
14.3
15.1
15.5
15.5
15.5
0.0
| ACTUAL FY 2004 |
ACTUAL FY 2005 |
ESTIMATED FY 2006 |
ESTIMATED FY 2007 |
|
| REVENUES: | ||||
| Banking Revolving Fund: | $0 | $0 | $0 | $0 |
| Bank Examination Fee | 556,441 | 728,275 | 969,589 | 998,895 |
| Trust Company Examination Fee | 0 | 19,016 | 30,000 | 30,000 |
| Money Lenders Renewal and Applications | 165,000 | 137,007 | 175,500 | 175,500 |
| Other License Fees | 174,580 | 270,925 | 223,750 | 223,750 |
| Trust Company Supervison Fee | 0 | 79,584 | 58,000 | 70,000 |
| Investment Council Interest | 18,401 | 13,542 | 15,000 | 20,000 |
| Miscellaneous | 7,548 | 25,648 | 20,000 | 20,000 |
| Trust Company Charter Fees (General Fund) | 5,000 | 5,000 | 20,000 | 20,000 |
| Total |
$926,970 |
$1,278,997 |
$1,511,839 |
$1,558,145 |
| PERFORMANCE INDICATORS: | ||||
| Action on Applications: | ||||
| New Bank/Trust Company Charters | 1/1 | 1/2 | 2/4 | 2/4 |
| Branches/Changes of Location or Control | 13/1 | 10/1 | 10/1 | 10/1 |
| Mergers/Denied Branch Banks | 3/1 | 2/0 | 2/0 | 2/0 |
| Interstate Banking and Branching | 0 | 2 | 2 | 2 |
| Institutions Examined: | ||||
| Money Lenders (self examination) | 257 | 235 | 240 | 240 |
| Banks (1) | *38 | *26 | 25 | 30 |
| Trust Companies | 5 | 9 | 12 | 12 |
| Mortgage Lenders/Brokers (2) (self exam) | 218/100 | 221/112 | 225/0 | 225/0 |
| Licenses Issued or Renewed: | ||||
| Money Lenders/Money Orders | 266/8 | 266/25 | 270/25 | 270/25 |
| Mortgage Lenders/Brokers | 216/162 | 258/153 | 260/150 | 260/150 |
| Charters Cancelled: | ||||
| Banks and Bank Branches | 10 | 6 | 2 | 2 |
| Asset Size of Institutions Supervised: | ||||
| Total Assets - Banks (as of Fiscal Year-end) | $10,130,289,000 | $11,248,156,000 | $11,817,594,000 | $12,415,860,000 |
| Managed Assets - Trust Companies & | ||||
| Trust Departments (as of FY Midpoint) | $15,367,625,000 | $24,810,448,000 | $40,000,000,000 | $75,000,000,000 |