Chief Financial Officer's (CFO) Report to the Board
| Executive
Summary of 2018 Budget and Expenditures by Budget Component and Major Expense Category Through September 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 | $915,979 | $878,849 | 96% | ($37,130) |
| Outside Services - Personnel | 256,567 | 188,325 | 169,591 | 90% | (18,734) | |
| Travel | 92,754 | 69,568 | 66,409 | 95% | (3,159) | |
| Buildings | 106,307 | 78,104 | 65,802 | 84% | (12,302) | |
| Equipment | 114,441 | 89,506 | 74,110 | 83% | (15,396) | |
| Outside Services - Other | 16,196 | 12,198 | 11,611 | 95% | (587) | |
| Other Expenses | 13,368 | 9,696 | 8,778 | 91% | (918) | |
| Total Ongoing Operations | $1,827,035 | $1,363,376 | $1,275,150 | 94% | ($88,226) | |
| Receivership Funding | ||||||
| Salaries & Compensation | $19,390 | $15,706 | $10,498 | 67% | ($5,208) | |
| Outside Services - Personnel | 185,600 | 120,277 | 99,305 | 83% | (20,972) | |
| Travel | 3,574 | 2,676 | 1,432 | 54% | (1,244) | |
| Buildings | 6,968 | 5,231 | 3,982 | 76% | (1,249) | |
| Equipment | 969 | 568 | 472 | 83% | (96) | |
| Outside Services - Other | 1,327 | 998 | 911 | 91% | (87) | |
| Other Expenses | 7,172 | 5,377 | 2,050 | 38% | (3,327) | |
| Total Receivership Funding | $225,000 | $150,833 | $118,650 | 79% | ($32,183) | |
| Office of the Inspector General | ||||||
| Salaries & Compensation | $34,853 | $26,140 | $23,852 | 91% | ($2,288) | |
| Outside Services - Personnel | 1,660 | 1,245 | 1,156 | 93% | (89) | |
| Travel | 1,583 | 1,187 | 683 | 58% | (504) | |
| Buildings | 0 | 0 | 0 | 0 | ||
| Equipment | 1,555 | 1,167 | 173 | 15% | (994) | |
| Outside Services - Other | 0 | 0 | 0 | 0 | ||
| Other Expenses | 447 | 335 | 168 | 50% | (167) | |
| Total Office of the Inspector General | $40,098 | $30,074 | $26,032 | 87% | ($4,042) | |
| Total FDIC Operating Budget | $2,092,133 | $1,544,283 | $1,419,832 | 92% | ($124,451) | |