Chief Financial Officer's (CFO) Report to the Board
| Executive
Summary of 2020 Budget and Expenditures by Division/Office
Through September 30, 2020 (Dollars in Thousands) |
| Division/Office | Annual Budget | YTD Budget | YTD Expenditures | % of YTD Budget Used | YTD Variance |
|---|---|---|---|---|---|
| FDIC Operating Budget | |||||
| FDIC Operating Budget | |||||
| Risk Management Supervision | $546,948 | $414,024 | $390,770 | 94% | ($23,254) |
| Information Technology | 319,914 | 244,838 | 238,795 | 98% | (6,043) |
| Administration | 273,690 | 203,026 | 190,079 | 94% | (12,947) |
| Depositor & Consumer Protection | 185,003 | 140,061 | 128,929 | 92% | (11,132) |
| Legal | 158,929 | 120,582 | 103,451 | 86% | (17,131) |
| Resolutions & Receiverships | 147,249 | 110,752 | 102,369 | 92% | (8,383) |
| Complex Institution Supervision & Resolution | 85,608 | 64,105 | 58,578 | 91% | (5,527) |
| Insurance & Research | 59,499 | 44,719 | 42,400 | 95% | (2,319) |
| Inspector General | 42,982 | 32,237 | 29,246 | 91% | (2,991) |
| Finance | 42,939 | 32,280 | 29,427 | 91% | (2,853) |
| Chief Information Security Officer | 40,620 | 32,016 | 28,470 | 89% | (3,546) |
| Executive Support1 | 30,343 | 23,031 | 17,511 | 76% | (5,520) |
| Corporate University - Corporate | 23,604 | 17,174 | 14,700 | 86% | (2,474) |
| Executive Offices2 | 13,079 | 9,651 | 8,617 | 89% | (1,034) |
| Corporate University - CEP | 11,394 | 10,331 | 5,732 | 55% | (4,599) |
| Corporate Unassigned3 | 35,621 | 0 | 0 | 0 | |
| Total FDIC Operating Budget | $2,017,422 | $1,498,827 | $1,389,074 | 93% | ($109,753) |
1Executive Support includes the Offices of Minority and Women Inclusion, Communications, Ombudsman, Legislative Affairs, Financial Institution Adjudication, FDiTech Lab, and the former Office of CIO Management Services.
2Executive Offices include the offices of the Chairman, Vice Chairman, Independent Director, Deputy to the Chairman and Chief Operating Officer, Deputy to the Chairman and Chief Financial Officer, Deputy to the Chairman for Policy, Deputy to the Chairman for External Affairs, Deputy to the Chairman for Financial Stability, Deputy to the Chairman for Consumer Protection and Innovation, and Chief Information Officer/Chief Privacy Officer.