Department of Banking
The enacted budget makes the following changes to the proposed Executive Budget (March 31, 2009):
The All Funds appropriation for the enacted 2009-10 budget is increased by $2.1 million, or 2.1 percent. Changes to the proposed Executive Budget are as follows:
The 30 day amendments propose no changes (analysis as of January 22, 2009):
The Assembly Yellow Book clarifies the following: a $233,259 increase in the Regulation program reflects increases in contractual services; a $163,510 increase in the Analysis and Compliance program reflects increases in Personal Services; a $396,769 decrease in the administration program reflects a reduced level of contractual services and equipment.
According to the Senate White Book, the Executive budget proposes a onetime sweep of $8 million from the Banking Department’s Special Revenue Fund into the General Fund. The funds being swept are normally credited back to the banking industry. There is no pay back provision.
The Executive Budget recommends (analysis as of December 22, 2008):
A
|
Program |
FY 2008-09 Adjustment |
FY 2009-10 Difference |
|
Regulation |
-5 |
0 |
| Banking Department | |||||
| Program Details-State Operations | |||||
| Enacted | Proposed | Enacted | Change in | Percent | |
| Program | 2008-09 Budget | 2009-10 Budget | 2009-10 Budget | Appropriation | Change |
| All Funds | $96,083,000 | $101,610,000 | $103,710,000 | $7,627,000 | 7.9% |
| Special Revenue-Other | $96,083,000 | $101,610,000 | $103,710,000 | $7,627,000 | 7.9% |
| Personal Services | $43,822,000 | $47,822,000 | $49,222,000 | $5,400,000 | 12.3% |
| Contractual Services | $12,763,000 | $12,963,000 | $12,963,000 | $200,000 | 1.6% |
| Administration (SRO) | $22,657,000 | $22,851,000 | $22,851,000 | $194,000 | 0.9% |
| Special Revenue-Other (SRO) | $22,657,000 | $22,851,000 | $22,851,000 | $194,000 | 0.9% |
| State Transmitter of Money Insurance Fund Acct (SRO) | $14,000,000 | $14,000,000 | $14,000,000 | $0 | 0.0% |
| Banking Department Acct - (SRO) | $8,007,000 | $8,201,000 | $8,201,000 | $194,000 | 2.4% |
| Personal Service | $4,643,000 | $5,239,000 | $5,239,000 | $596,000 | 12.8% |
| Regular | $4,635,000 | $5,212,000 | $5,212,000 | $577,000 | 12.4% |
| Temporary service | $0 | $0 | $0 | $0 | |
| Holiday/overtime compensation | $8,000 | $27,000 | $27,000 | $19,000 | 237.5% |
| Nonpersonal Service | $3,364,000 | $2,962,000 | $2,962,000 | ($402,000) | -12.0% |
| Supplies and materials | $103,000 | $103,000 | $103,000 | $0 | 0.0% |
| Travel | $110,000 | $110,000 | $110,000 | $0 | 0.0% |
| Contractual Services | $658,000 | $208,000 | $208,000 | ($450,000) | -68.4% |
| Equipment | $201,000 | $1,000 | $1,000 | ($200,000) | -99.5% |
| Fringe Benefits | $2,114,000 | $2,314,000 | $2,314,000 | $200,000 | 9.5% |
| Indirect Costs | $178,000 | $226,000 | $226,000 | $48,000 | 27.0% |
| Siezed Assets Acct - (SRO) | $150,000 | $150,000 | $150,000 | $0 | 0.0% |
| Nonpersonal Service | $150,000 | $150,000 | $150,000 | $0 | 0.0% |
| Contractual services | $100,000 | $100,000 | $100,000 | $0 | 0.0% |
| Equipment | $50,000 | $50,000 | $50,000 | $0 | 0.0% |
| Banking Dept Settlement - (SRO) | $500,000 | $500,000 | $500,000 | $0 | 0.0% |
| Nonpersonal Service | $500,000 | $500,000 | $500,000 | $0 | 0.0% |
| Contractual services | $350,000 | $350,000 | $350,000 | $0 | 0.0% |
| Equipment | $150,000 | $150,000 | $150,000 | $0 | 0.0% |
| Analysis & Compliance | $4,094,000 | $4,589,000 | $4,589,000 | $495,000 | 12.1% |
| Special Revenue-Other | $4,094,000 | $4,589,000 | $4,589,000 | $495,000 | 12.1% |
| Banking Department Acct - (SRO) | $4,094,000 | $4,589,000 | $4,589,000 | $495,000 | 12.1% |
| Personal Service | $2,603,000 | $2,952,000 | $2,952,000 | $349,000 | 13.4% |
| Regular | $2,601,000 | $2,944,000 | $2,944,000 | $343,000 | 13.2% |
| Temporary Service | $0 | $0 | $0 | $0 | |
| Holiday/overtime compensation | $2,000 | $8,000 | $8,000 | $6,000 | 300.0% |
| Nonpersonal Service | $1,491,000 | $1,637,000 | $1,637,000 | $146,000 | 9.8% |
| Supplies and materials | $3,000 | $3,000 | $3,000 | $0 | 0.0% |
| Travel | $143,000 | $143,000 | $143,000 | $0 | 0.0% |
| Contractual Services | $59,000 | $59,000 | $59,000 | $0 | 0.0% |
| Equipment | $0 | $0 | $0 | $0 | |
| Fringe benefits | $1,186,000 | $1,305,000 | $1,305,000 | $119,000 | 10.0% |
| Indirect costs | $100,000 | $127,000 | $127,000 | $27,000 | 27.0% |
| Regulation Program | $69,332,000 | $74,170,000 | $76,270,000 | $6,938,000 | 10.0% |
| Special Revenue-Other | $69,332,000 | $74,170,000 | $76,270,000 | $6,938,000 | 10.0% |
| Banking Department Acct - (SRO) | $69,332,000 | $74,170,000 | $76,270,000 | $6,938,000 | 10.0% |
| Personal Service | $36,176,000 | $39,231,000 | $40,631,000 | $4,455,000 | 12.3% |
| Regular | $36,127,000 | $39,168,000 | $40,568,000 | $4,441,000 | 12.3% |
| Temporary Service | $0 | $0 | $0 | $0 | |
| Holiday/overtime compensation | $49,000 | $63,000 | $63,000 | $14,000 | 28.6% |
| Nonpersonal Service | $31,991,000 | $33,774,000 | $34,474,000 | $2,483,000 | 7.8% |
| Supplies and materials | $252,000 | $252,000 | $252,000 | $0 | 0.0% |
| Travel | $2,095,000 | $2,095,000 | $2,095,000 | $0 | 0.0% |
| Contractual Services | $11,201,000 | $11,851,000 | $11,851,000 | $650,000 | 5.8% |
| Equipment | $573,000 | $573,000 | $573,000 | $0 | 0.0% |
| Fringe benefits | $16,478,000 | $17,325,000 | $18,025,000 | $1,547,000 | 9.4% |
| Indirect costs | $1,392,000 | $1,678,000 | $1,678,000 | $286,000 | 20.5% |
| Maintenance Undistrib | $1,165,000 | $1,165,000 | $1,165,000 | $0 | 0.0% |
| Personal Service | $400,000 | $400,000 | $400,000 | $0 | 0.0% |
| Regular | $400,000 | $400,000 | $400,000 | $0 | 0.0% |
| Nonpersonal Service | $765,000 | $765,000 | $765,000 | $0 | 0.0% |
| Supplies and materials | $55,000 | $55,000 | $55,000 | $0 | 0.0% |
| Travel | $55,000 | $55,000 | $55,000 | $0 | 0.0% |
| Contractual Services | $395,000 | $395,000 | $395,000 | $0 | 0.0% |
| Equipment | $62,000 | $62,000 | $62,000 | $0 | 0.0% |
| Fringe benefits | $182,000 | $182,000 | $182,000 | $0 | 0.0% |
| Indirect costs | $16,000 | $16,000 | $16,000 | $0 | 0.0% |