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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Chief Financial Officer's (CFO) Report to the Board

Budget & Expenditures by Major Expense Categories - First Quarter 2016

Executive Summary of 2016 Budget and Expenditures by Major Expense Category
Through March 31, 2016
(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 $1,254,695 $309,781 $297,884 96% ($11,897)
Outside Services - Personnel 248,758 53,583 47,418 88% (6,165)
Travel 98,696 23,903 22,165 93% (1,738)
Buildings 95,422 24,113 23,287 97% (826)
Equipment 81,935 16,695 11,657 70% (5,038)
Outside Services - Other 15,739 4,233 2,445 58% (1,788)
Other Expenses 15,456 3,699 3,185 86% (514)
Total Ongoing Operations $1,810,701 $436,007 $408,041 94% ($27,966)
Receivership Funding
Salaries & Compensation $61,080 $17,835 $14,997 84% ($2,838)
Outside Services - Personnel 296,955 67,034 42,327 63% (24,707)
Travel 8,207 2,047 729 36% (1,318)
Buildings 14,602 3,593 3,320 92% (273)
Equipment 1,452 291 990 341% 699
Outside Services - Other 1,900 351 247 70% (104)
Other Expenses 15,805 3,940 3,521 89% (419)
Total Receivership Funding $400,000 $95,091 $66,131 70% ($28,960)
Total FDIC Operating Budget $2,210,701 $531,098 $474,172 89% ($56,926)

 

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