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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
   •  Selected Financial Data
II. Investments Results & Prospective Strategies

   •  Deposit Insurance Fund Portfolio Summary
   •  Approved Investment Strategies
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 2008

Executive Summary of 2008 Budget and Expenditures by Major Expense Category
Through September 30, 2008
(Dollars in Thousands)
Major Expense Category YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Ongoing Operations
Salaries & Compensation $510,379 $501,788 98% ($8,591)
Outside Services - Personnel 133,585 112,559 84% (21,026)
Travel 48,996 45,803 93% (3,193)
Buildings 41,391 42,123 102% 732
Equipment 30,460 33,413 110% 2,953
Outside Services - Other 17,930 16,033 89% (1,897)
Other Expenses 8,813 7,430 84% (1,383)
Total Ongoing Operations $791,554 $759,149 96% ($32,405)
Receivership Funding
Salaries & Compensation $10,767 $5,357 50% ($5,410)
Outside Services - Personnel 40,492 45,847 113% 5,355
Travel 5,106 5,493 108% 387
Buildings 5,643 3,421 61% (2,222)
Equipment 8,653 8,703 101% 50
Outside Services - Other 662 2,074 313% 1,412
Other Expenses 2,887 2,979 103% 92
Total Receivership Funding $74,210 $73,874 100% ($336)
Total Corporate Operating Budget $865,764 $833,023 96% ($32,741)
Investment Budget 1 $23,791 $20,486 86% ($3,305)
Grand Total $889,555 $853,509 96% ($36,046)

1Budgets for investment projects are approved on a multi-year basis; the "Year-to-Date Budget" amount reflects the 2008 spending estimates for approved projects.



Last Updated 12/15/2008 dofbusinesscenter@fdic.gov