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

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Budget & Expenditures by Major Expense Categories - Second Quarter 2012

Executive Summary of 2012 Budget and Expenditures by Major Expense Category
Through June 30, 2012
(Dollars in Thousands)
Major Expense Category
Annual Budget
YTD Budget
YTD Expenditures
% of YTD Budget Used
YTD Variance
Corporate Operating Budget
Ongoing Operations
Salaries & Compensation $1,146,265 $566,205 $547,646 97% ($18,559)
Outside Services - Personnel 309,576 136,817 118,178 86% (18,639)
Travel 106,747 52,196 48,522 93% (3,674)
Buildings 92,102 42,481 38,738 91% (3,743)
Equipment 86,349 33,789 30,946 92% (2,843)
Outside Services - Other 20,704 9,353 7,849 84% (1,504)
Other Expenses 19,036 7,182 5,585 78% (1,597)
Total Ongoing Operations $1,780,779 $848,022 $797,464 94% ($50,558)
Receivership Funding
Salaries & Compensation $248,855 $129,681 $103,465 80% ($26,216)
Outside Services - Personnel 1,039,832 461,566 282,845 61% (178,721)
Travel 33,306 17,156 11,608 68% (5,548)
Buildings 93,967 48,023 20,750 43% (27,273)
Equipment 12,795 4,587 5,544 121% 957
Outside Services - Other 11,001 5,671 3,330 59% (2,341)
Other Expenses 60,245 30,460 21,087 69% (9,373)
Total Receivership Funding $1,500,000 $697,144 $448,630 64% ($248,514)
Total Corporate Operating Budget $3,280,779 $1,545,166 $1,246,094 81% ($299,072)
Investment Budget1 $12,657 $6,945 $5,747 83% ($1,198)
Grand Total $3,293,436 $1,552,111 $1,251,841 81% ($300,270)

1Budgets for investment projects are approved on a multi-year basis; the year-to-date budget amount reflects the 2012 spending estimates for approved projects.



Last Updated 12/05/2011 dofbusinesscenter@fdic.gov

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