Chief Financial Officer's (CFO) Report to the Board
Budget & Expenditures by Major Expense Categories - Second Quarter 2017
| Executive
Summary of 2017 Budget and Expenditures by Budget Component and Major Expense Category Through June 30, 2017 (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 | $1,247,608 | $608,796 | $592,536 | 97% | (%16,260) |
| Outside Services - Personnel | $253,920 | $114,587 | $110,588 | 97% | $(3,999) | |
| Travel | $95,448 | $46,988 | $43,506 | 93% | ($3,482) | |
| Buildings | $101,176 | $46,957 | $45,697 | 97% | ($1,260) | |
| Equipment | $92,293 | $33,456 | $33,997 | 102% | $541 | |
| Outside Services - Other | $16,545 | $8,346 | $8,105 | 97% | ($241) | |
| Other Expenses | $14,080 | $6,755 | $6,605 | 98% | ($150) | |
| Total Ongoing Operations | $1,821,070 | $865,885 | $841,034 | 97% | ($24,851) | |
| Receivership Funding | ||||||
| Salaries & Compensation | $37,356 | $18,600 | $16,368 | 88% | ($2,232) | |
| Outside Services - Personnel | $230,152 | $100,074 | $80,042 | 80% | ($20,032) | |
| Travel | $3,284 | $1,585 | $2,429 | 153% | $844 | |
| Buildings | $17,700 | $8,915 | $4,896 | 55% | ($4,019) | |
| Equipment | $1,431 | $461 | $395 | 86% | $(66) | |
| Outside Services - Other | $1,273 | $661 | $763 | 115% | $102 | |
| Other Expenses | $8,804 | $4,398 | $3,041 | 69% | ($1,357) | |
| Total Receivership Funding | $300,000 | $134,694 | $107,934 | 80% | ($26,760) | |
| Office of Inspector General | ||||||
| Salaries & Compensation | $32,770 | $16,385 | $15,688 | 96% | ($697) | |
| Outside Services - Personnel | $1,418 | $709 | $507 | 72% | ($202) | |
| Travel | $1,486 | $743 | $650 | 87% | ($93) | |
| Buildings | $0 | $0 | $0 | $0 | ||
| Equipment | $487 | $244 | $337 | 138% | $93 | |
| Outside Services - Other | $169 | $84 | $4 | 5% | ($80) | |
| Other Expenses | $423 | $211 | $150 | 71% | ($61) | |
| Total Office of Inspector General | $36,753 | $18,376 | $17,336 | 94% | ($1,040) | |
| Total FDIC Operating Budget | $2,157,823 | $1,018,955 | $966,304 | 95% | ($52,651) | |