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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 Budget Component, Division & Office - Third Quarter 2007

Executive Summary of 2007 Budget and Expenditures by Budget Component and Division/Office Through September 30, 2007
(Dollars in Thousands)
Division/Office
YTD Budget
YTD Expenditures
% of Budget Used
Variance
Corporate Operating Budget
Supervision & Consumer Protection
$294,545
$284,530
97%
($10,015)
Information Technology
138,163
128,120
93%
(10,043)
Administration
117,446
110,295
94%
(7,151)
Resolutions & Receiverships
73,822
33,338
45%
(40,484)
Legal
68,631
54,188
79%
(14,443)
Insurance & Research
27,918
25,180
90%
(2,738)
Finance
22,871
21,613
94%
(1,258)
Inspector General
18,761
17,378
93%
(1,383)
Corporate University
21,621
19,665
91%
(1,956)
Executive Support 1
13,163
11,821
90%
(1,342)
Executive Offices 2
5,820
5,208
89%
(612)
Government Litigation
25,000
11,794
47%
(13,206)
Total, Corporate Operating Budget
$827,761
$723,130
87%
($104,631)
Investment Budget 3
Information Technology
$9,994
$8,427
84%
($1,567)
Resolutions & Receiverships
180
273
152%
93
Insurance & Research
203
211
104%
8
Corporate University
60
0
0%
(60)
Total, Investment Budget 3
$10,437
$8,911
85%
($1,526)
Combined Division/Office Budgets
Supervision & Consumer Protection
$294,545
$284,530
97%
($10,015)
Information Technology
148,157
136,547
92%
(11,610)
Administration
117,446
110,295
94%
(7,151)
Resolutions & Receiverships
74,002
33,611
45%
(40,391)
Legal
68,631
54,188
79%
(14,443)
Insurance & Research
28,121
25,391
90%
(2,730)
Finance
22,871
21,613
94%
(1,258)
Inspector General
18,761
17,378
93%
(1,383)
Corporate University
21,681
19,665
91%
(2,016)
Executive Support 1
13,163
11,821
90%
(1,342)
Executive Offices 2
5,820
5,208
89%
(612)
Government Litigation
25,000
11,794
47%
(13,206)
Grand Total
$838,198
$732,041
87%
($106,157)

1 Executive Support includes the Offices of Diversity and Economic Opportunity, Public Affairs, Ombudsman, Legislative Affairs, and Enterprise Risk Management and International Affairs.
2 Executive Offices include the offices of the Chairman, Vice Chairman, Independent Director, Deputy to the Chairman and Chief Operating Officer, and Deputy to the Chairman and Chief Financial Officer.
3Budgets 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 09/19/2011 dofbusinesscenter@fdic.gov