Chief Financial Officer's (CFO) Report to the Board
| Executive
Summary of 2020 Budget and Expenditures by Budget Component and Major Expense Category Through March 31, 2020 (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 | $1,272,827 | $334,397 | $314,297 | 94% | ($20,100) | |
| Outside Services - Personnel | 308,904 | 67,914 | 62,770 | 92% | (5,144) | |
| Travel | 81,054 | 20,018 | 15,277 | 76% | (4,741) | |
| Buildings | 98,701 | 24,837 | 23,251 | 94% | (1,586) | |
| Equipment | 108,080 | 26,523 | 23,436 | 88% | (3,087) | |
| Outside Services - Other | 16,004 | 3,536 | 3,479 | 98% | (57) | |
| Other Expenses | 13,870 | 3,146 | 3,154 | 100% | 8 | |
| Total Ongoing Operations | $1,899,440 | $480,371 | $445,664 | 93% | ($34,707) | |
| Receivership Funding | ||||||
| Salaries & Compensation | $325 | $81 | $424 | 523% | $343 | |
| Outside Services - Personnel | 69,675 | 14,351 | 7,191 | 50% | (7,160) | |
| Travel | 1,095 | 272 | 354 | 130% | 82 | |
| Buildings | 2,227 | 556 | 499 | 90% | (57) | |
| Equipment | 8 | 2 | 30 | 1500% | 28 | |
| Outside Services - Other | 571 | 142 | (4) | -3% | (146) | |
| Other Expenses | 1,099 | 273 | 245 | 90% | (28) | |
| Total Receivership Funding | $75,000 | $15,677 | $8,739 | 56% | ($6,938) | |
| Office of Inspector General | ||||||
| Salaries & Compensation | $37,033 | $9,258 | $8,793 | 95% | ($465) | |
| Outside Services - Personnel | 2,400 | 600 | 479 | 80% | (121) | |
| Travel | 1,035 | 259 | 301 | 116% | 42 | |
| Buildings | 0 | 0 | 0 | 0 | ||
| Equipment | 1,888 | 472 | 138 | 29% | (334) | |
| Outside Services - Other | 0 | 0 | 4 | 4 | ||
| Other Expenses | 626 | 157 | 68 | 43% | (89) | |
| Total Office of Inspector General | $42,982 | $10,746 | $9,783 | 91% | ($963) | |
| Total FDIC Operating Budget | $2,017,422 | $506,794 | $464,186 | 92% | ($42,608) | |