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Chief Financial Officer's (CFO) Report to the Board

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Chief Financial Officer's (CFO) Report to the Board Home
Executive Summary

   •  Summary Trends and Results
I. Corporate Fund Financial Results

   •  DIF Balance Sheet
   •  DIF Income Statement
   •  DIF Statements of Cash Flows
   •  FRF Statements of Cash Flows
II. Investments Results & Prospective Strategies

   •  Deposit Insurance Fund Portfolio Summary
   •  Approved Investment Strategy
III. Budget Results

   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
Printable Version

Budget & Expenditures by Major Expense Categories - First Quarter 2008

Executive Summary of 2008 Budget and Expenditures by Major Expense Category
Through March 31, 2008
(Dollars in Thousands)
Major Expense Category YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Ongoing Operations
Salaries & Compensation $171,272 $163,358 95% ($7,914)
Outside Services - Personnel 42,528 32,309 76% (10,219)
Travel 13,942 13,639 98% (303)
Buildings 13,698 13,577 99% (121)
Equipment 10,986 7,605 69% (3,381)
Outside Services - Other 3,431 2,623 76% (808)
Other Expenses 2,482 2,007 81% (475)
Total Ongoing Operations $258,339 $235,118 91% ($23,221)
Receivership Funding
Salaries & Compensation $854 $208 24% ($646)
Outside Services - Personnel 15,336 6,278 41% (9,058)
Travel 1,407 382 27% (1,025)
Buildings 575 724 126% 149
Equipment 56 24 43% (32)
Outside Services - Other 136 393 289% 257
Other Expenses 380 1,417 373% 1,037
Total Receivership Funding $18,744 $9,426 50% ($9,318)
Total Corporate Operating Budget $277,083 $244,544 88% ($32,539)
Investment Budget 1 $6,214 $5,212 84% ($1,002)
Grand Total $283,297 $249,756 88% ($33,541)

1Budgets for investment projects are approved on a multi-year basis; the "Year-to-Date Budget" amount reflects the 2008 spending estimates for approved projects. Detailed quarterly reports on the status of those projects are provided separately to the Board by the Capital Investment Review Committees.



Last Updated 05/14/2008 dofbusinesscenter@fdic.gov