Chief Financial Officer's (CFO) Report to the Board
Budget & Expenditures by Major Expense Categories - Third Quarter 2016
| Executive
Summary of 2016 Budget and Expenditures by Major Expense Category Through September 30, 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 | $932,662 | $893,897 | 96% | ($38,765) |
| Outside Services - Personnel | 243,743 | 172,319 | 157,223 | 91% | (15,096) | |
| Travel | 98,897 | 73,629 | 68,568 | 93% | (5,061) | |
| Buildings | 96,799 | 71,381 | 67,683 | 95% | (3,698) | |
| Equipment | 85,982 | 64,093 | 58,232 | 91% | (5,861) | |
| Outside Services - Other | 15,716 | 13,202 | 10,209 | 77% | (2,993) | |
| Other Expenses | 14,869 | 10,631 | 9,205 | 87% | (1,426) | |
| Total Ongoing Operations | $1,810,701 | $1,337,917 | $1,265,017 | 95% | ($72,900) | |
| Receivership Funding | ||||||
| Salaries & Compensation | $61,080 | $48,405 | $38,159 | 79% | ($10,246) | |
| Outside Services - Personnel | 296,955 | 201,883 | 142,161 | 70% | (59,722) | |
| Travel | 8,207 | 6,159 | 2,423 | 39% | (3,736) | |
| Buildings | 14,602 | 10,916 | 10,845 | 99% | (71) | |
| Equipment | 1,452 | 1,042 | 1,290 | 124% | 248 | |
| Outside Services - Other | 1,900 | 1,097 | 817 | 74% | (280) | |
| Other Expenses | 15,805 | 11,840 | 4,272 | 36% | (7,568) | |
| Total Receivership Funding | $400,000 | $281,342 | $199,967 | 71% | ($81,375) | |
| Total FDIC Operating Budget | $2,210,701 | $1,619,259 | $1,464,984 | 90% | ($154,275) | |