Chief Financial Officer's (CFO) Report to the Board
Budget & Expenditures by Budget Component & Division/Office - First Quarter 2016
| Executive
Summary of 2016 Budget and Expenditures by Budget Division/Office
Through March 31, 2016 (Dollars in Thousands) |
| Division/Office | Annual Budget | YTD Budget | YTD Expenditures | % of YTD Budget Used | YTD Variance |
| Corporate Operating Budget | |||||
| Risk Management Supervision | $595,681 | $146,193 | $140,156 | 96% | ($6,037) |
| Resolutions & Receiverships | 358,618 | 92,509 | 66,081 | 71% | (26,428) |
| Administration | 268,848 | 67,046 | 60,808 | 91% | (6,239) |
| Legal | 237,781 | 59,305 | 52,827 | 89% | (6,478) |
| Information Technology | 216,584 | 49,875 | 45,053 | 90% | (4,822) |
| Depositor & Consumer Protection | 180,155 | 44,749 | 41,673 | 93% | (3,075) |
| Insurance & Research | 48,211 | 11,658 | 12,002 | 103% | 344 |
| Finance | 40,028 | 10,099 | 9,619 | 95% | (480) |
| CIO Council | 51,791 | 10,976 | 9,588 | 87% | (1,387) |
| Inspector General | 34,153 | 8,538 | 7,694 | 90% | (844) |
| Information Security & Privacy Staff | 33,813 | 7,396 | 7,335 | 99% | (61) |
| Executive Support1 | 26,539 | 6,362 | 5,657 | 89% | (705) |
| Corporate University - Corporate | 21,498 | 5,170 | 5,350 | 103% | 180 |
| Complex Financial Institutions | 21,285 | 4,530 | 4,381 | 97% | (149) |
| Corporate University - CEP | 18,597 | 3,947 | 3,516 | 89% | (431) |
| Government Litigation | 0 | 0 | 0 | N/A | 0 |
| Executive Offices2 | 11,391 | 2,745 | 2,431 | 89% | (314) |
| Corporate Unassigned | 45,728 | 0 | 0 | N/A | 0 |
| Total FDIC Operating Budget | $2,210,701 | $531,098 | $474,172 | 89% | ($56,926) |
1Executive Support includes the Offices of Minority and Women Inclusion, Communications, Ombudsman, Legislative Affairs, Corporate Risk Management, and Financial Institution Adjudication.
2Executive 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.