Chief Financial Officer's (CFO) Report to the Board
Budget & Expenditures by Major Expense Categories - First Quarter 2016
| Executive
Summary of 2016 Budget and Expenditures by Major Expense Category Through March 31, 2016 (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 | $1,254,695 | $309,781 | $297,884 | 96% | ($11,897) |
| Outside Services - Personnel | 248,758 | 53,583 | 47,418 | 88% | (6,165) | |
| Travel | 98,696 | 23,903 | 22,165 | 93% | (1,738) | |
| Buildings | 95,422 | 24,113 | 23,287 | 97% | (826) | |
| Equipment | 81,935 | 16,695 | 11,657 | 70% | (5,038) | |
| Outside Services - Other | 15,739 | 4,233 | 2,445 | 58% | (1,788) | |
| Other Expenses | 15,456 | 3,699 | 3,185 | 86% | (514) | |
| Total Ongoing Operations | $1,810,701 | $436,007 | $408,041 | 94% | ($27,966) | |
| Receivership Funding | ||||||
| Salaries & Compensation | $61,080 | $17,835 | $14,997 | 84% | ($2,838) | |
| Outside Services - Personnel | 296,955 | 67,034 | 42,327 | 63% | (24,707) | |
| Travel | 8,207 | 2,047 | 729 | 36% | (1,318) | |
| Buildings | 14,602 | 3,593 | 3,320 | 92% | (273) | |
| Equipment | 1,452 | 291 | 990 | 341% | 699 | |
| Outside Services - Other | 1,900 | 351 | 247 | 70% | (104) | |
| Other Expenses | 15,805 | 3,940 | 3,521 | 89% | (419) | |
| Total Receivership Funding | $400,000 | $95,091 | $66,131 | 70% | ($28,960) | |
| Total FDIC Operating Budget | $2,210,701 | $531,098 | $474,172 | 89% | ($56,926) | |