Budget & Expenditures by Budget Component and Major Expense Category

Budget & Expenditures by Budget Component and Major Expense Category - Second Quarter 2021

Executive Summary of 2021 Budget and Expenditures
by Budget Component and Major Expense Category
Through June 30, 2021
(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	$1,355,812	$671,451	$641,195	95%	($30,256)
Outside Services - Personnel	376,751	164,425	140,080	85%	(24,345)
Travel	61,552	28,564	4,131	14%	(24,433)
Buildings	111,716	52,291	41,851	80%	(10,440)
Equipment	120,511	67,782	57,182	84%	(10,600)
Outside Services - Other	17,688	7,994	8,597	108%	603
Other Expenses	14,607	7,945	5,158	65%	(2,787)
Total Ongoing Operations	$2,058,637	$1,000,452	$898,194	90%	(102,258)
Receivership Funding
Salaries & Compensation	$1,008	$504	($11)	-2%	($515)
Outside Services - Personnel	168,589	19,937	16,503	83%	(3,434)
Travel	793	389	10	3%	(379)
Buildings	2,129	1,064	1,058	99%	(64)
Equipment	1,273	637	739	116%	102
Outsie Services - Other	179	89	52	58%	(37)
Other Expenses	1,028	595	770	129%	175
Total Receivership Funding	$174,999 1	$23,215	$19,121	82%	($4,094)
Office of Inspector General
Salaries & Compensation	$36,603	$18,251	$18,097	100%	($154)
Outside Services - Personnel	3,857	1,929	684	29%	(1,245)
Travel	1,235	618	265	34%	(353)
Buildings	0	0	0		0
Equipment	2,371	1,185	349	25%	(836)
Outside Services - Other	1	1	0		(1)
Other Expenses	846	423	28	26%	(215)
Total Office of Inspector General	$44,912	22,407	$19,603	87%	($2,804)
Total FDIC Operating Budget	$2,278,548	$1,046,074	$936,918	90%	($109,156)

¹The total annual budget for Receivership Funding includes the Board approved $100 million contingency funding in the event of an uptick in pandemic-related resolution activity.