Banking Department
The enacted budget (May 16, 2002) makes no changes to the Executive Budget.
The Executive Budget recommends (analysis as of February 5, 2001):
· A workforce of 599 FTEs, no change from last years’ recommended FTE level.
· An overall all funds appropriation increase of $8,977,900. According to the Assembly Ways and Means Committee, $4,319,000 of this increase reflects salary adjustments, non-personal services, inflation, and fringe benefits increases associated with all three agency programs.
· A $4,250,000 or 52.8% increase in the non-personal services appropriation for the Regulation program. According to the Assembly Ways and Means Committee, $4,000,000 of this increase reflects moving and increased rental costs associated with the expiration of the agency’s lease located at 2 Rector Street.
· A $200,000 Special Revenue Federal (SRF) appropriation in the Analysis and Compliance program and a $300,000 SRF appropriation in the Regulation program. According to the Assembly Ways and Means Committee, these new appropriations reflect a $500,000 federal grant to upgrade the agency’s computer networks in order to help combat money laundering and predatory lending.
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Banking Department |
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Program Details-State Operations |
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Enacted |
Proposed |
Enacted |
Change in |
Percent |
|
Program |
2001-02 Budget |
2002-03 Budget |
2002-03 Budget |
Appropriation |
Change |
|
All Funds |
$63,370,100 |
$72,348,000 |
$72,348,000 |
$8,977,900 |
14.2% |
|
Special Revenue-Fed |
$0 |
$500,000 |
$500,000 |
$500,000 |
100.0% |
|
Special Revenue-Other |
$63,370,100 |
$71,848,000 |
$71,848,000 |
$8,477,900 |
13.4% |
|
Fiduciary Fund |
$2,700,000 |
$2,700,000 |
$2,700,000 |
$0 |
0.0% |
|
|
|
|
|
|
_ |
|
Administration |
$5,805,000 |
$6,351,000 |
$6,351,000 |
$546,000 |
9.4% |
|
Personal Service |
$3,878,000 |
$4,198,000 |
$4,198,000 |
$320,000 |
8.3% |
|
Nonpersonal Service |
$544,700 |
$557,000 |
$557,000 |
$12,300 |
2.3% |
|
Fringe Benefits |
$1,382,300 |
$1,596,000 |
$1,596,000 |
$213,700 |
15.5% |
|
Fiduciary Fund (P.192) |
$2,700,000 |
$2,700,000 |
$2,700,000 |
$0 |
0.0% |
|
|
|
|
|
|
_ |
|
Analysis & Compliance |
$3,488,000 |
$3,976,000 |
$3,976,000 |
$488,000 |
14.0% |
|
Special Revenue-Fed |
$0 |
$200,000 |
$200,000 |
$200,000 |
100.0% |
|
Special Revenue-Other |
$3,488,000 |
$3,776,000 |
$3,776,000 |
$288,000 |
8.3% |
|
|
|
|
|
|
_ |
|
(SRO) |
$3,488,000 |
$3,776,000 |
$3,776,000 |
$288,000 |
8.3% |
|
Personal Service |
$2,431,000 |
$2,592,000 |
$2,592,000 |
$161,000 |
6.6% |
|
Nonpersonal Service |
$192,400 |
$198,000 |
$198,000 |
$5,600 |
2.9% |
|
Fringe Benefits |
$864,600 |
$986,000 |
$986,000 |
$121,400 |
14.0% |
|
|
|
|
|
|
_ |
|
Regulation Program |
$54,077,100 |
$61,721,000 |
$61,721,000 |
$7,643,900 |
14.1% |
|
Special Revenue-Fed |
$0 |
$300,000 |
$300,000 |
$300,000 |
100.0% |
|
Special Revenue-Other |
$54,077,100 |
$61,721,000 |
$61,721,000 |
$7,643,900 |
14.1% |
|
|
|
|
|
|
_ |
|
(SRO) |
$54,077,100 |
$61,721,000 |
$61,721,000 |
$7,643,900 |
14.1% |
|
Personal Service |
$33,177,000 |
$34,983,000 |
$34,983,000 |
$1,806,000 |
5.4% |
|
Nonpersonal Service |
$8,056,400 |
$12,307,000 |
$12,307,000 |
$4,250,600 |
52.8% |
|
Fringe Benefits |
$11,864,700 |
$13,293,000 |
$13,293,000 |
$1,428,300 |
12.0% |
|
Maintenance Undistrib |
$979,000 |
$1,138,000 |
$1,138,000 |
$159,000 |
16.2% |