Chief Financial Officer's (CFO) Report to the Board
Executive
Summary of 2020 Budget and Expenditures by Budget Component and Major Expense Category Through June 30, 2020 (Dollars in Thousands) |
Major Expense Category | Annual Budget |
YTD
Budget |
YTD
Expenditures |
%
of YTD Budget Used |
YTD Variance |
|
---|---|---|---|---|---|---|
FDIC Operating Budget | ||||||
Ongoing Operations | ||||||
Salaries & Compensation | $1,272,831 | $643,699 | $625,712 | 97% | ($17,987) | |
Outside Services - Personnel | 311,371 | 145,662 | 139,527 | 96% | (6,135) | |
Travel | 78,194 | 39,287 | 17,806 | 45% | (21,481) | |
Buildings | 99,034 | 48,826 | 49,799 | 102% | 973 | |
Equipment | 106,650 | 58,140 | 48,303 | 83% | (9,837) | |
Outside Services - Other | 15,917 | 8,309 | 8,160 | 98% | (149) | |
Other Expenses | 15,443 | 8,185 | 4,822 | 59% | (3,363) | |
Total Ongoing Operations | $1,899,440 | $952,108 | $894,129 | 94% | ($57,979) | |
Receivership Funding | ||||||
Salaries & Compensation | $765 | $236 | $850 | 360% | $614 | |
Outside Services - Personnel | 69,300 | 27,622 | 17,852 | 65% | (9,770) | |
Travel | 1,030 | 535 | 389 | 73% | (146) | |
Buildings | 2,227 | 1,112 | 1,063 | 96% | (49) | |
Equipment | 8 | 3 | (29) | -967% | (32) | |
Outside Services - Other | 571 | 284 | 40 | 14% | (244) | |
Other Expenses | 1,099 | 548 | 628 | 115% | 80 | |
Total Receivership Funding | $75,000 | $30,340 | $20,793 | 69% | ($9,547) | |
Office of the Inspector General | ||||||
Salaries & Compensation | $37,033 | $18,516 | $17,280 | 93% | ($1,236) | |
Outside Services - Personnel | 2,400 | 1,200 | 1,041 | 87% | (159) | |
Travel | 1,035 | 518 | 423 | 82% | (95) | |
Buildings | 0 | 0 | 0 | 0 | ||
Equipment | 1,888 | 944 | 658 | 70% | (286) | |
Outside Services - Other | 0 | 0 | 4 | 4 | ||
Other Expenses | 626 | 313 | 219 | 70% | (94) | |
Total Office of the Inspector General | $42,982 | $21,491 | $19,625 | 91% | ($1,866) | |
Total FDIC Operating Budget | $2,017,422 | $1,003,939 | $934,547 | 93% | ($69,392) |