Banking Department
The enacted budget makes the following changes to the Executive Budget (analysis as of April 4, 2005):
- Decreases overall State Operations appropriations from $83.5 million to $83.2 million, through slight reductions in fringe benefits and indirect costs within the Administration Program.
The Executive Budget recommends (analysis as of January 26, 2005):
· No change to the FTE level of 587.
· An All Funds appropriation of $97,452,000, a $17,905,000 increase over the enacted SFY 2004-05 appropriation. This is primarily in increase of $11.3 million in the State Transmitter of Money Insurance Fund. There is no explanation for this large increase. This should be explored at Labor/Management.
Banking Department
Program Details-State Operations
Enacted
Proposed
Enacted
Change in
Percent
Program
2004-05 Budget
2005-06 Budget
2005-06 Budget
Appropriation
Change
All Funds
$82,247,000
$97,452,000
$97,238,817
$14,991,817
18.2%
Special Revenue-Other
$82,247,000
$97,452,000
$97,238,817
$14,991,817
18.2%
_
Administration (SRO)
$11,469,000
$23,187,000
$23,166,205
$11,697,205
102.0%
Personal Service
$4,260,000
$4,440,000
$4,440,000
$180,000
4.2%
Nonpersonal Service
$421,000
$421,000
$421,000
$0
0.0%
Fringe Benefits
$1,789,000
$2,015,000
$1,994,608
$205,608
11.5%
Indirect Costs
$149,000
$161,000
$160,597
$11,597
7.8%
Siezed Assets Acct
$150,000
$150,000
$150,000
$0
0.0%
Banking Dept Settlement
$2,000,000
$2,000,000
$2,000,000
$0
0.0%
State Transmitter of Money Insurance Fund Acct (p.593)
$2,700,000
$14,000,000
$14,000,000
$11,300,000
418.5%
_
Analysis & Compliance
$3,821,000
$4,054,000
$4,040,856
$219,856
5.8%
Special Revenue-Other
$3,821,000
$4,054,000
$4,040,856
$219,856
5.8%
_
(SRO)
$3,821,000
$4,054,000
$4,040,856
$219,856
5.8%
Personal Service
$2,485,000
$2,583,000
$2,583,000
$98,000
3.9%
Nonpersonal Service
$205,000
$205,000
$205,000
$0
0.0%
Fringe Benefits
$1,044,000
$1,172,000
$1,160,038
$116,038
11.1%
Indirect Costs
$87,000
$94,000
$92,818
$5,818
6.7%
_
Regulation Program
$66,957,000
$70,211,000
$70,031,756
$3,074,756
4.6%
Special Revenue-Other
$66,957,000
$70,211,000
$70,031,756
$3,074,756
4.6%
_
(SRO)
$66,957,000
$70,211,000
$70,031,756
$3,074,756
4.6%
Personal Service
$35,142,000
$36,500,000
$36,500,000
$1,358,000
3.9%
Nonpersonal Service
$14,670,000
$14,670,000
$14,670,000
$0
0.0%
Fringe Benefits
$14,757,000
$16,559,000
$16,393,168
$1,636,168
11.1%
Indirect Costs
$1,223,000
$1,317,000
$1,303,588
$80,588
6.6%
Maintenance Undistrib
$1,165,000
$1,165,000
$1,165,000
$0
0.0%