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Budget & Expenditures by Budget Component, Division & Office -
Third Quarter 2004
Executive Summary of 2004 Budget and Expenditures
by Budget Component and Division/Office
Through September 30, 2004
(Dollars in Thousands)
|
| Division/Office |
YTD
Budget
|
YTD
Expenditures
|
% of
Budget Used
|
Variance |
| Corporate Operating Budget |
Supervision & Consumer
Protection |
$286,734 |
$276,774 |
97% |
($9,960) |
Information Resources
Management |
116,999 |
106,414 |
91% |
(10,585) |
| Administration |
127,507 |
121,934 |
96% |
(5,573) |
| Resolutions & Receiverships |
96,967 |
60,177 |
62% |
(36,790) |
| Legal |
73,135 |
66,931 |
92% |
(6,204) |
| Insurance & Research |
24,780 |
21,029 |
85% |
(3,751) |
| Finance |
20,350 |
19,356 |
95% |
(994) |
| Inspector General |
20,759 |
19,406 |
93% |
(1,353) |
| Corporate University |
9,429 |
4,873 |
52% |
(4,556) |
| Executive Support 1 |
11,052 |
10,144 |
92% |
(908) |
| Executive Offices 2 |
5,054 |
4,532 |
90% |
(522) |
| Government Litigation 3 |
1,000 |
(7,018) |
-702% |
(8,018) |
| Total Corporate Operating Budget |
$793,766 |
$704,552 |
89% |
($89,214) |
| Investment Budget 4 |
Supervision & Consumer
Protection |
$1,291 |
$783 |
61% |
($508) |
Information Resources
Management |
58,167 |
48,099 |
83% |
(10,068) |
| Administration |
22 |
62 |
282% |
40 |
| Resolutions & Receiverships |
635 |
868 |
137% |
233 |
| Legal |
310 |
272 |
88% |
(38) |
| Insurance & Research |
2,178 |
2,116 |
97% |
(62) |
| Finance |
3,151 |
3,147 |
100% |
(4) |
| Virginia Square Phase II |
29,430 |
23,891 |
81% |
(5,539) |
| Total, Investment Budget 4 |
$95,184 |
$79,238 |
83% |
($15,946) |
| Combined Division/Office Budgets |
Supervision & Consumer
Protection |
$288,025 |
$277,557 |
96% |
($10,468) |
Information Resources
Management |
175,166 |
154,513 |
88% |
(20,653) |
| Administration |
127,529 |
121,996 |
96% |
(5,533) |
| Resolutions & Receiverships |
97,602 |
61,045 |
63% |
(36,557) |
| Legal |
73,445 |
67,203 |
92% |
(6,242) |
| Insurance & Research |
26,958 |
23,145 |
86% |
(3,813) |
| Finance |
23,501 |
22,503 |
96% |
(998) |
| Inspector General |
20,759 |
19,406 |
93% |
(1,353) |
| Corporate University |
9,429 |
4,873 |
52% |
(4,556) |
| Executive Support 1 |
11,052 |
10,144 |
92% |
(908) |
| Executive Offices 2 |
5,054 |
4,532 |
90% |
(522) |
| Government Litigation 3 |
1,000 |
(7,018) |
-702% |
(8,018) |
| Virginia Square Phase II |
29,430 |
23,891 |
81% |
(5,539) |
| Grand Total |
$888,950 |
$783,790 |
88% |
($105,160) |
1 Executive Support Offices include the Offices 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.
3 The credit amount for YTD Expenditures is a result of the partial return of a prior year's prepaid estimate from the Department of Justice.
4Budgets for investment projects are approved on a multi-year basis; the "Year-to-Date Budget" amount reflects the 2004 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.
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