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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 - Second Quarter 2007

Executive Summary of 2007 Budget and Expenditures by Major Expense Category
Through June 30, 2007
(Dollars in Thousands)
Major Expense Category YTD
Budget
YTD
Expenditures
% of
Budget Used
Variance
Corporate Operating Budget
Ongoing Operations
   Salaries & Compensation $326,113 $317,102 97% ($9,011)
   Outside Services - Personnel 73,232 63,071 86% (10,161)
   Travel 25,738 24,915 97% (823) 
   Buildings 33,345 32,868 99% (477)
   Equipment 15,189 17,022 112% 1,833
   Outside Services - Other 8,967 7,826 87% (1,141)
   Other Expenses 5,426 3,728 69% (1,698)
Total Ongoing Operations $488,010 $466,532 96% ($21,478)
Receivership Funding
   Salaries & Compensation $1,710 $294 17% ($1,416)
   Outside Services - Personnel 30,673 2,782 9% (27,891)
   Travel 2,823 714 25% (2,109)
   Buildings 1,150 469 41% (681)
   Equipment 113 13 12% (100)
   Outside Services - Other 272 58 21% (214)
   Other Expenses 759 18 2% (741)
Total Receivership Funding $37,500 $4,348 12% ($33,152)
Total Corporate Operating Budget $525,510 $470,880 90% ($54,630)
Investment Budget1 $12,371 $5,857 47% ($6,514)
Grand Total $537,881 $476,737 89% ($61,144)

1Budgets for investment projects are approved on a multi-year basis; the "Year-to-Date Budget" amount reflects the 2007 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 Committee.



Last Updated 08/20/2007 dofbusinesscenter@fdic.gov