The board must approve the budget and all expenditures must be within budget. Any major change in the budget must be approved by the board or the Executive Committee. The Business Programs Division, the largest division of the Secretary of State's office, supports California Businesses by registering business entities and trademarks and enabling secured creditors to protect their financial interests. The Business Programs Division processes millions of business filings and information requests each year. The Secretary of State administers numerous other filings including immigration consultant and various business bonds, notices of joint powers, successor-in-interest, statement of facts – roster of public agencies, and athlete agents. An officer who has been removed as a member of the Board of Directors shall automatically be removed from office. The Victims of Corporate Fraud Compensation Fund (VCFCF) provides limited restitution to victims of corporate fraud who have otherwise been unable to collect on their judgment for corporate fraud. The Secretary of State's office is the central filing office for certain Uniform Commercial Code financing statements and other lien documents including notices of judgment liens, attachment liens and federal and state tax liens. Filing with our office serves to perfect a security interest in named collateral and establish priority in case of debtor default or bankruptcy.