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Budget & Expenditures by Major Expense Categories -
Third Quarter 2004
Executive Summary of 2004 Budget and Expenditures
by Major Expense Category
Through September 30, 2004
(Dollars in Thousands)
|
| Major Expense Category |
YTD
Budget
|
YTD
Expenditures
|
% of
Budget Used
|
Variance |
| Corporate Operating Budget |
| Ongoing Operations
|
| Salaries & Compensation |
$510,807 |
$496,720 |
97% |
($14,087) |
| Outside Services - Personnel |
84,442 |
64,735 |
77% |
(19,707) |
| Travel |
34,527 |
31,683 |
92% |
(2,844) |
| Buildings |
62,729 |
56,818 |
91% |
(5,911) |
| Equipment |
26,960 |
22,076 |
82% |
(4,884) |
| Outside Services - Other |
9,928 |
10,771 |
108% |
843 |
| Other Expenses |
8,601 |
6,717 |
78% |
(1,884) |
| Total Ongoing Operations |
$737,994 |
$689,520 |
93% |
($48,474) |
| Receivership Funding
|
| Salaries & Compensation |
$2,812 |
$325 |
12% |
($2,487) |
| Outside Services - Personnel |
45,685 |
13,618 |
30% |
(32,067) |
| Travel |
4,088 |
560 |
14% |
(3,528) |
| Buildings |
1,350 |
245 |
18% |
(1,105) |
| Equipment |
187 |
28 |
15% |
(159) |
| Outside Services - Other |
450 |
115 |
26% |
(335) |
| Other Expenses |
1,200 |
141 |
12% |
(1,059) |
| Total Receivership Funding |
$55,772 |
$15,032 |
27% |
($40,740) |
| Total, Corporate Operating Budget |
$793,766 |
$704,552 |
89% |
($89,214) |
| Investment Budget1 |
$95,184 |
$79,238 |
83% |
($15,946) |
| Grand Total |
$888,950 |
$783,790 |
88% |
($105,160) |
1Budgets 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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