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Budget & Expenditures
by Budget Component, Division & Office -
First Quater 2005
Executive
Summary of 2004 Budget and Expenditures by Budget Component and Division/Office
Through March 31, 2005
(Dollars in Thousands)
|
| Division/Office |
YTD
Budget
|
YTD
Expenditures
|
% of
Budget Used
|
Variance |
| Corporate Operating Budget |
Supervision & Consumer
Protection |
$92,198 |
$88,201 |
96% |
($3,997) |
| Information
Technology |
40,188 |
40,980 |
102% |
792 |
| Administration |
43,404 |
39,603 |
91% |
(3,801) |
| Resolutions & Receiverships |
33,721 |
19,106 |
57% |
(14,615) |
| Legal |
24,086 |
21,802 |
91% |
(2,284) |
| Insurance & Research |
8,585 |
7,745 |
90% |
(840) |
| Finance |
7,336 |
7,724 |
105% |
388 |
| Inspector General |
7,216 |
6,612 |
92% |
(604) |
| Corporate University |
2,869 |
2,183 |
76% |
(686) |
| Executive Support 1 |
3,544 |
3,450 |
97% |
(94) |
| Executive Offices 2 |
1,039 |
1,176 |
113% |
137 |
| Government Litigation |
500 |
381 |
76% |
(119) |
| Total Corporate Operating Budget |
$264,686 |
$238,963 |
90% |
($25,723) |
| Investment Budget 3 |
Supervision & Consumer
Protection |
$116 |
$17 |
15% |
($99) |
Information
Technology
|
7,884 |
5,876 |
75% |
(2,008) |
| Resolutions & Receiverships 4 |
465 |
(205) |
(44%) |
(670) |
| Legal |
10 |
1 |
10% |
(9) |
| Insurance & Research |
2,239 |
0 |
0% |
(2,239) |
| Finance |
186 |
102 |
55% |
(84) |
| Virginia Square Phase II |
7,382 |
10,275 |
139% |
2,893 |
| Total
Investment Budget 3 |
$18,282 |
$16,066 |
88% |
($2,216) |
| Combined Division/Office Budgets |
Supervision & Consumer
Protection |
$92,314 |
$88,218 |
96% |
($4,096) |
| Information
Technology |
48,072 |
46,856 |
97% |
(1,216) |
| Administration |
43,404 |
39,603 |
91% |
(3,801) |
| Resolutions & Receiverships |
34,186 |
18,901 |
55% |
(15,285) |
| Legal |
24,096 |
21,803 |
90% |
(2,293) |
| Insurance & Research |
10,824 |
7,745 |
72% |
(3,079) |
| Finance |
7,522 |
7,826 |
104% |
304 |
| Inspector General |
7,216 |
6,612 |
92% |
(604) |
| Corporate University |
2,869 |
2,183 |
76% |
(686) |
| Executive Support 1 |
3,544 |
3,450 |
97% |
(94) |
| Executive Offices 2 |
1,039 |
1,176 |
113% |
137 |
| Government Litigation |
500 |
381 |
76% |
(119) |
| Virginia Square Phase II |
7,382 |
10,275 |
139% |
2,893 |
| Grand Total |
$282,968 |
$255,029 |
90% |
($27,939) |
1 Executive Support Offices include the Office of
Diversity and Economic Opportunity, Public Affairs, Ombudsman, Legislative
Affairs, and Enterprise Risk Management.
2 Executive Offices include the Chairman, Vice Chairman, Board of Directors, Chief Operating Officer, and Chief Financial Officer.
3Budgets for investment projects are approved on a
multi-year basis; the "Year-to-Date Budget" amount reflects the 2005 spending
estimates for approved projects. The Capital Investment Review Committee (CIRC)
reports to the Board quarterly on the status of each investment project, including
budget variances.
4The credit balance in the YTD Expenditures column
for DRR is the result of a $180,000 correction made in 2005 for an expenditure
incorrectly charged to the ASTEP project by DOF in 2004. Additionally, DOA and
DRR did not enter or monitor project codes correctly in the Purchase Order System
resulting in a failure to accrue approximately $23,000 in expense.
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