|
2008 Budget Executive
Summary
Overview of Approved FDIC Budgets
| 2007
Spending & 2008 Budget by Budget Component |
| Budget Component |
2007 Actual |
2008
Budget1 |
Future
Years |
| Ongoing Operations |
$981,806,234
|
$1,066,804,189
|
|
| Receivership Funding |
$19,706,222
|
$75,000,000
|
|
|
Corporate Operating Budget
|
$1,001,512,456
|
$1,141,804,189
|
|
| Investment Budget |
$11,946,594
|
$16,931,0062
|
$7,630,1232
|
|
Total
Estimated Spending
|
$1,013,459,050
|
$1,158,735,195
|
$7,630,123
|
| Corporate Operating Budget by Major Expense Category |
| Major Expense Categories |
2007 Budget3 |
2007 Actual |
2008
Budget4 |
| Salaries and Compensation |
$653,535,756
|
$639,417,289 |
$695,885,946
|
| Outside Services - Personnel |
$240,770,645
|
$162,861,951 |
$250,555,146
|
| Travel |
$62,365,089
|
$55,783,086 |
$65,677,328
|
| Buildings and Leased Space |
$70,590,151
|
$69,546,803 |
$56,914,864
|
| Equipment |
$49,789,079
|
$49,231,967 |
$44,990,743
|
| Outside Services - Other |
$16,265,894
|
$14,343,630 |
$14,433,514
|
| Other Expenses |
$14,173,045
|
$10,327,730 |
$13,346,648
|
|
Total
|
$1,107,489,659
|
$1,001,512,456 |
$1,141,804,189
|
1 The
2008 Corporate Operating Budget reflects the budget approved by the
Board of Directors on December 19, 2007.
2 The
Investment Budget is an aggregation of multi-year project-based budgets
approved by the Board on various dates. The amounts in the 2008 Budget
and Future Years columns for the Investment Budget represent estimated
2008 spending and remaining budget available for future years.
3 The
2007 Corporate Operating Budget reflects the final budgeted amounts
by major expense category at the end of 2007. This varies from the
budget originally approved by the Board of Directors due to realignments
among major expense categories made by FDIC management during 2007,
in accordance with delegated authority from the Board.
4 The
2008 Corporate Operating Budget equals the budget approved by the Board
of Directors, adjusted to reflect realignments among major expense
categories made by FDIC management in January 2008, in accordance with
delegated authority from the Board.
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