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Budget & Expenditures
by Major Expense Categories -
First Quarter 2008
Executive
Summary of 2008 Budget and Expenditures by Major Expense Category
Through March 31, 2008
(Dollars in Thousands)
|
| Major Expense Category |
YTD Budget |
YTD Expenditures |
% of Budget Used |
Variance |
| Corporate Operating Budget |
| Ongoing Operations |
Salaries & Compensation |
$171,272 |
$163,358 |
95% |
($7,914) |
| Outside Services - Personnel |
42,528 |
32,309 |
76% |
(10,219) |
| Travel |
13,942 |
13,639 |
98% |
(303) |
| Buildings |
13,698 |
13,577 |
99% |
(121) |
| Equipment |
10,986 |
7,605 |
69% |
(3,381) |
| Outside Services - Other |
3,431 |
2,623 |
76% |
(808) |
| Other Expenses |
2,482 |
2,007 |
81% |
(475) |
| Total Ongoing Operations |
$258,339 |
$235,118 |
91% |
($23,221) |
| Receivership Funding |
| Salaries & Compensation |
$854 |
$208 |
24% |
($646) |
| Outside Services - Personnel |
15,336 |
6,278 |
41% |
(9,058) |
| Travel |
1,407 |
382 |
27% |
(1,025) |
| Buildings |
575 |
724 |
126% |
149 |
| Equipment |
56 |
24 |
43% |
(32) |
| Outside Services - Other |
136 |
393 |
289% |
257 |
| Other Expenses |
380 |
1,417 |
373% |
1,037 |
| Total Receivership Funding |
$18,744 |
$9,426 |
50% |
($9,318) |
| Total Corporate Operating Budget |
$277,083 |
$244,544 |
88% |
($32,539) |
| Investment Budget 1 |
$6,214 |
$5,212 |
84% |
($1,002) |
| Grand Total |
$283,297 |
$249,756 |
88% |
($33,541) |
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. Detailed
quarterly reports on the status of those projects are provided separately
to the Board by the Capital Investment Review Committees.
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