Chief Financial Officer's (CFO) Report to the Board
| Executive
Summary of 2018 Budget and Expenditures by Budget Component and Major Expense Category Through June 30, 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 | $1,227,402 | $612,895 | $594,671 | 97% | ($18,224) | |
| Outside Services - Personnel | 257,909 | 122,994 | 108,570 | 88% | (14,424) | |
| Travel | 92,781 | 46,092 | 43,404 | 94% | (2,688) | |
| Buildings | 106,307 | 48,870 | 43,845 | 90% | (5,025) | |
| Equipment | 113,069 | 62,778 | 44,278 | 71% | (18,500) | |
| Outside Services - Other | 16,197 | 8,468 | 8,129 | 96% | (339) | |
| Other Expenses | 13,370 | 6,295 | 6,284 | 100% | (11) | |
| Total Ongoing Operations | $1,827,035 | $908,392 | $849,181 | 93% | ($59,211) | |
| Receivership Funding | ||||||
| Salaries & Compensation | $19,390 | $10,862 | $7,876 | 73% | ($2,986) | |
| Outside Services - Personnel | 185,600 | 78,832 | 74,938 | 95% | (3,894) | |
| Travel | 3,574 | 1,776 | 998 | 56% | (778) | |
| Buildings | 6,968 | 3,482 | 2,542 | 73% | (940) | |
| Equipment | 969 | 463 | 271 | 59% | (192) | |
| Outside Services - Other | 1,327 | 669 | 507 | 76% | (162) | |
| Other Expenses | 7,172 | 3,582 | 1,804 | 50% | (1,778) | |
| Total Receivership Funding | $225,000 | $99,666 | $88,936 | 89% | ($10,730) | |
| Office of Inspector General | ||||||
| Salaries & Compensation | $34,853 | $17,426 | $15,998 | 92% | ($1,428) | |
| Outside Services - Personnel | 1,660 | 830 | 819 | 99% | (11) | |
| Travel | 1,583 | 791 | 426 | 54% | (365) | |
| Buildings | 0 | 0 | 0 | 0 | ||
| Equipment | 1,555 | 778 | 88 | 11% | (690) | |
| Outside Services - Other | 0 | 0 | 0 | 0 | ||
| Other Expenses | 447 | 224 | 77 | 34% | (147) | |
| Total Office of Inspector General | $40,098 | $20,049 | $17,408 | 87% | ($2,641) | |
| Total FDIC Operating Budget | $2,092,133 | $1,028,107 | $955,525 | 93% | ($72,582) | |