Chief Financial Officer's (CFO) Report to the Board
| Executive
Summary of 2018 Budget and Expenditures by Budget Component and Major Expense Category Through March 31, 2018 (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 | $1,234,811 | $317,407 | $299,024 | 94% | ($18,383) |
| Outside Services - Personnel | 271,788 | 57,641 | 52,131 | 90% | (5,510) | |
| Travel | 92,677 | 22,855 | 20,990 | 92% | (1,865) | |
| Buildings | 104,832 | 24,147 | 21,798 | 90% | (2,349) | |
| Equipment | 93,364 | 16,148 | 16,496 | 102% | 348 | |
| Outside Services - Other | 16,197 | 3,397 | 3,121 | 92% | (276) | |
| Other Expenses | 13,366 | 3,188 | 3,375 | 106% | 187 | |
| Total Ongoing Operations | $1,827,035 | $444,783 | $416,935 | 94% | ($27,848) | |
| Receivership Funding | ||||||
| Salaries & Compensation | $21,690 | $6,232 | $4,521 | 73% | ($1,711) | |
| Outside Services - Personnel | 183,300 | 39,674 | 37,452 | 94% | (2,222) | |
| Travel | 3,574 | 887 | 593 | 67% | (294) | |
| Buildings | 6,968 | 1,739 | 1,342 | 77% | (397) | |
| Equipment | 969 | 271 | 148 | 55% | (123) | |
| Outside Services - Other | 1,327 | 328 | 402 | 123% | 74 | |
| Other Expenses | 7,172 | 1,791 | 336 | 19% | (1,455) | |
| Total Receivership Funding | $225,000 | $50,922 | $44,794 | 88% | ($6,128) | |
| Office of Inspector General | ||||||
| Salaries & Compensation | $34,853 | $8,713 | $8,169 | 94% | ($544) | |
| Outside Services - Personnel | 1,660 | 415 | 346 | 83% | (69) | |
| Travel | 1,583 | 396 | 219 | 55% | (177) | |
| Buildings | 0 | 0 | 0 | 0 | ||
| Equipment | 1,555 | 389 | 83 | 21% | (306) | |
| Outside Services - Other | 0 | 0 | 0 | 0 | ||
| Other Expenses | 447 | 112 | 23 | 21% | (89) | |
| Total Office of Inspector General | $40,098 | $10,025 | $8,840 | 88% | ($1,185) | |
| Total FDIC Operating Budget | $2,092,133 | $505,730 | $470,569 | 93% | ($35,161) | |