Chief Financial Officer's (CFO) Report to the Board
Budget & Expenditures by Budget Component & Division/Office - Fourth Quarter 2017
Executive
Summary of 2017 Budget and Expenditures by Division/Office
Through December 31, 2017 (Dollars in Thousands) |
Division/Office | Annual Budget | YTD Budget | YTD Expenditures | % of YTD Budget Used | YTD Variance |
Corporate Operating Budget | |||||
Risk Management Supervision | $591,544 | $591,544 | $551,436 | 93% | ($40,108) |
Depositor & Consumer Protection | $181,141 | $181,141 | $172,135 | 95% | ($9,006) |
Information Technology | $227,496 | $227,496 | $217,407 | 96% | ($10,089) |
Administration | $273,360 | $273,360 | $248,457 | 91% | ($24,903) |
Resolutions & Receiverships | $271,786 | $271,786 | $251,330 | 92% | ($20,456) |
Legal | $233,804 | $233,804 | $192,997 | 83% | ($40,807) |
Insurance & Research | $53,106 | $53,106 | $48,242 | 91% | ($4,864) |
Finance1 | $44,066 | $44,066 | $40,076 | 91% | ($3,990) |
Inspector General | $36,753 | $36,753 | $35,083 | 95% | ($1,670) |
Chief Information Security Officer2 | $41,969 | $41,969 | $37,498 | 89% | ($4,471) |
Corporate University - CEP | $19,082 | $19,082 | $18,879 | 99% | ($203) |
Corporate University - Corporate | $25,133 | $25,133 | $24,512 | 98% | ($621) |
Executive Support3 | $22,838 | $22,838 | $19,741 | 86% | ($3,097) |
Executive Offices4 | $11,023 | $11,023 | $10,118 | 92% | ($905) |
Complex Financial Institutions | $20,156 | $20,156 | $17,074 | 85% | ($3,082) |
CIO Council | $50,362 | $50,362 | $45,988 | 91% | ($4,374) |
Corporate Unassigned | $54,204 | $54,204 | $0 | 0% | ($54,204) |
Total FDIC Operating Budget | $2,157,823 | $2,157,823 | $1,930,973 | 89% | ($226,850) |
1Budget and expenditures for the Division of Finance (DOF) includes the annual budget and all expenditures for the former Offic of Corporate Risk Management (OCRM). The FDIC Board of Directors has approved the integration of the functions of OCRm into a newly-constituted Risk Management and controls Banch (RMIC) within DOF in October 2017.
2The Information Security & Privacy Staff was renamed the Office of theChief Information Security Officer during 2017.
3Executive Support includes the Offices of Minority and Women Inclusion, Communications, Ombudsman, Legislative Affairs, Corporate Risk Management, and Financial Instituion Adjudication.
4Executive 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, and Chief Information Officer.