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Over the last two years the CFTC has worked diligently to increase its seating capacity and redesign its work space to accommodate new technology. Over 230 more employees are on the payroll than at the end of FY 2007. A significant uptick in contract staff in the information technology area, visiting academics, interns, and student volunteers also need to be housed.

The CFTC has reworked its leases in Washington, DC, Chicago, Kansas City, and New York to expand the size of its space, extend the terms of the leases, and renegotiate pricing in its favor. Additionally, CFTC has sought to leverage its space configuration to enhance its operational capabilities. e.g., market watch rooms, productivity and technology hub, hearing room with webcasting capability, and video conferencing.

The result of this work has been to bring down leasing costs as a percentage of the annual budget, while increasing the total space footprint from 249,964 to 406,771 square feet. For example, in FY 2007 leasing costs were 12 percent of the budget while in FY 2010 they consumed 7 percent of the budget.

The display below depicts the CFTC Budget for space lease costs. The FY 2012 budget request is for $308 million and supports an FTE level of 983 and approximately 289 contractors, the majority of which would support information technology.

Space Lease Cost (Including Pass-Through and Utilities Where Applicable)
($ in thousands)

	FY 2010 Actual	FY 2011	FY 2012 Request
Washington DC	$8,370	$11,571	$14,718
Chicago	$1,660	$1,155	$2,372
New York	$2,331	$1,293	$2,605
Kansas City	$188	$188	$721
Coop Site	$83	$90	$91
Total	$12,632	$14,297	$20,507

Rentable Square Feet Data

	FY 2010 Actual	FY 2011	FY 2012 Request
Washington DC	161,785	274,568	288,395
Chicago	40,750	60,412	60,412
New York	39,363	39,363	60,000
Kansas City	8,066	32,428	32,428
Total	249,964	406,771	441,235

 

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