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Budget & Expenditures
by Major Expense Categories - Fourth Quarter 2013
Executive
Summary of 2013 Budget and Expenditures by Major Expense Category
Through December 31, 2013
(Dollars in Thousands)
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| Major
Expense Category |
Annual Budget |
YTD
Budget |
YTD
Expenditures |
%
of YTD Budget Used |
YTD Variance |
| Corporate
Operating Budget |
| Ongoing
Operations |
Salaries & Compensation |
$1,184,356 |
$1,184,356 |
$1,114,708 |
94% |
($69,648) |
| Outside Services - Personnel |
279,135 |
279,135 |
222,578 |
80% |
(56,557) |
| Travel |
109,351 |
109,351 |
90,112 |
82% |
(19,239) |
| Buildings |
91,634 |
91,634 |
81,134 |
89% |
(10,500) |
| Equipment |
83,490 |
83,490 |
77,629 |
93% |
(5,861) |
| Outside Services - Other |
18,029 |
18,029 |
15,269 |
85% |
(2,760) |
| Other Expenses |
16,644 |
16,644 |
12,184 |
73% |
(4,460) |
| Total Ongoing Operations |
$1,782,639 |
$1,782,639 |
$1,613,614 |
91% |
($169,025) |
| Receivership Funding |
| Salaries & Compensation |
$187,572 |
$187,572 |
$168,795 |
90% |
($18,777) |
| Outside Services - Personnel |
594,213 |
594,213 |
434,518 |
73% |
(159,695) |
| Travel |
22,079 |
22,079 |
9,537 |
43% |
(12,542) |
| Buildings |
37,049 |
37,049 |
28,919 |
78% |
(8,130) |
| Equipment |
10,635 |
10,635 |
5,832 |
55% |
(4,803) |
| Outside Services - Other |
6,386 |
6,386 |
4,788 |
75% |
(1,598) |
| Other Expenses |
42,066 |
42,066 |
20,779 |
49% |
(21,287) |
| Total Receivership Funding |
$900,000 |
$900,000 |
$673,168 |
75% |
($226,832) |
| Total Corporate Operating Budget |
$2,682,639 |
$2,682,639 |
$2,286,782 |
85% |
($395,857) |
| Investment Budget1 |
$22,031 |
$22,031 |
$18,959 |
86% |
($3,072) |
| Grand Total |
$2,704,670 |
$2,704,670 |
$2,305,741 |
85% |
($398,929) |
1Budgets
for investment projects are approved on a multi-year basis; the
year-to-date
budget amount reflects the 2013 spending estimates for approved
projects.
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