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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 - Third Quarter 2007

Executive Summary of 2007 Budget and Expenditures by Major Expense Category
Through September 30, 2007
(Dollars in Thousands)
 
YTD Budget
YTD Expenditures
% of Budget Used
Variance
Corporate Operating Budget
Ongoing Operations
Salaries & Compensation $489,377 $474,363 97% ($15,014)
Outside Services - Personnel 135,907 107,692 79% (28,215)
Travel 41,429 38,048 92% (3,381)
Buildings 50,422 49,435 98% (987)
Equipment 33,098 30,162 91% (2,936)
Outside Services - Other 12,409 11,347 91% (1,062)
Other Expenses 8,869 5,777 65% (3,092)
Total Ongoing Operations $771,511 $716,824 93% ($54,687)
Receivership Funding
Salaries & Compensation $2,565 $347 14% ($2,218)
Outside Services - Personnel 46,010 4,073 9% (41,937)
Travel 4,234 1,160 27% (3,074)
Buildings 1,725 600 35% (1,125)
Equipment 170 15 9% (155)
Outside Services - Other 407 73 18% (334)
Other Expenses 1,139 38 3% (1,101)
Total Receivership Funding $56,250 $6,306 11% ($49,944)
Total Corporate Operating Budget $827,761 $723,130 87% ($104,631)
Investment Budget 1 $10,437 $8,911 85% ($1,526)
Grand Total $838,198 $732,041 87% ($106,157)

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 11/26/2007 dofbusinesscenter@fdic.gov