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Chief Financial Officer's (CFO) Report to the Board
301 Moved Permanently

301 Moved Permanently


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Budget & Expenditures by Major Expense Categories - Second Quarter 2011

Executive Summary of 2011 Budget and Expenditures by Major Expense Category
Through June 30, 2011
(Dollars in Thousands)
Major Expense Category YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Ongoing Operations
Salaries & Compensation $507,538 $508,708 100% $1,170
Outside Services - Personnel 116,891 100,832 86% (16,059)
Travel 46,982 47,883 102% 901
Buildings 36,814 36,106 98% (708)
Equipment 42,673 40,902 96% (1,771)
Outside Services - Other 11,689 8,341 71% (3,348)
Other Expenses 8,083 6,001 74% (2,082)
Total Ongoing Operations $770,669 $748,773 97% ($21,896)
Receivership Funding
Salaries & Compensation $157,610 $152,140 97% ($5,470)
Outside Services - Personnel 665,155 432,361 65% (232,794)
Travel 24,380 16,906 69% (7,474)
Buildings 123,440 51,892 42% (71,548)
Equipment 9,878 5,384 55% (4,494)
Outside Services - Other 12,796 8,757 68% (4,039)
Other Expenses 91,674 33,672 37% (58,002)
Total Receivership Funding $1,084,934 $701,112 65% ($383,822)
Total Corporate Operating Budget $1,855,603 $1,449,885 78% ($405,718)
Investment Budget1 $3,390 $2,938 87% ($453)
Grand Total $1,858,993 $1,452,823 78% ($406,171)
 

1Budgets for investment projects are approved on a multi-year basis; the year-to-date budget amount reflects the 2011 spending estimates for approved projects. The YTD expenditures includes a credit of reimbursed costs from a prior period\s.



Last Updated 09/09/2011 dofbusinesscenter@fdic.gov


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