Chief Financial Officer's (CFO) Report to the Board
| Executive
Summary of 2020 Budget and Expenditures by Division/Office
Through March 31, 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 | $143,234 | $134,222 | 94% | ($9,012) |
| Information Technology 1 | 311,810 | 71,615 | 72,993 | 102% | 1,378 |
| Administration | 273,690 | 70,211 | 61,379 | 87% | (8,832) |
| Depositor & Consumer Protection | 185,003 | 48,504 | 43,680 | 90% | (4,824) |
| Legal | 169,606 | 44,260 | 34,775 | 79% | (9,485) |
| Resolutions & Receiverships | 144,149 | 37,271 | 35,072 | 94% | (2,199) |
| Complex Institution Supervision & Resolution | 85,383 | 21,768 | 20,326 | 93% | (1,442) |
| Insurance & Research | 60,294 | 15,473 | 14,628 | 95% | (845) |
| Inspector General | 42,982 | 10,746 | 9,783 | 91% | (963) |
| Finance | 42,779 | 11,047 | 10,136 | 92% | (911) |
| Chief Information Security Officer | 38,802 | 12,617 | 9,900 | 78% | (2,717) |
| Executive Support 2 | 29,433 | 7,446 | 5,341 | 72% | (2,105) |
| Corporate University - Corporate | 21,546 | 5,254 | 5,683 | 108% | 429 |
| Executive Offices 3 | 11,560 | 3,019 | 2,780 | 92% | (239) |
| Corporate University - CEP | 11,394 | 4,329 | 3,488 | 81% | (841) |
| Corporate Unassigned 3 | 42,043 | 0 | 0 | 0 | |
| Total FDIC Operating Budget | $2,017,422 | $506,794 | $464,186 | 92% | ($42,608) |
1Expenses for DIT include YTD expenses for the Office of CIO Management Services.
2Executive Support includes the Offices of Minority and Women Inclusion, Communications, Ombudsman, Legislative Affairs, Financial Institution Adjudication, and FDiTech Lab.
3Executive 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, and Chief Information Officer.