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

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

   •  Summary Trends and Results
I. Corporate Fund Financial Results

   •  DIF Balance Sheet
   •  DIF Income Statement
   •  DIF Statements of Cash Flows
   •  FRF Statements of Cash Flows
II. Investments Results & Prospective Strategies

   •  Deposit Insurance Fund Portfolio Summary
   •  Approved Investment Strategy
III. Budget Results

   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
Printable Version

Budget & Expenditures by Budget Component, Division & Office - Second Quarter 2007

Executive Summary of 2007 Budget and Expenditures by Budget Component and Division/Office Through June 30, 2007
(Dollars in Thousands)
Division/Office YTD
Budget
YTD
Expenditures
% of
Budget Used
Variance
Corporate Operating Budget
   Supervision & Consumer
   Protection
$194,339 $190,301 98% ($4,038)
   Information Technology 86,073 81,673 95% (4,400)
   Admin 78,600 74,552 95% (4,048)
   Resolutions & Receiverships 49,390 22,546 46% (26,844)
   Legal 46,289 36,538 79% (9,751)
   Insurance & Research 18,583 16,591 89% (1,992)
   Finance 15,132 14,331 95% (801)
   Inspector General 12,525 11,586 93% (939)
   Corporate University 12,988 12,739 98% (249)
   Executive Support 1 8,410 7,718 92% (692)
   Executive Offices 2 2,181 2,305 106% 124
   Government Litigation 1,000 0 0% (1,000)
Total Corporate Operating Budget $525,510 $470,880 90% ($54,630)
Investment Budget 3
   Information Technology $12,096 $5,561 46% ($6,535)
   Resolutions & Receiverships 71 209 294% 138
   Insurance & Research 204 87 43% (117)
Total Investment Budget 3 $12,371 $5,857 47% ($6,514)
Combined Division/Office Budgets
   Supervision & Consumer
   Protection
$194,339 $190,301 98% ($4,038)
   Information Technology 98,169 87,234 89% (10,935)
   Administration 78,600 74,552 95% (4,048)
   Resolutions & Receiverships 49,461 22,755 46% (26,706)
   Legal 46,289 36,538 79% (9,751)
   Insurance & Research 18,787 16,678 89% (2,109)
   Finance 15,132 14,331 95% (801)
   Inspector General 12,525 11,586 93% (939)
   Corporate University 12,988 12,739 98% (249)
   Executive Support 1 8,410 7,718 92% (692)
   Executive Offices 2 2,181 2,305 106% 124
   Government Litigation 1,000 0 0% (1,000)
Grand Total $537,881 $476,737 89% ($61,144)

1 Executive Support includes the Offices of Diversity and Economic Opportunity, Public Affairs, Ombudsman, Legislative Affairs, and Enterprise Risk Management and International Affairs.
2 Executive Offices include the offices of the Chairman, Vice Chairman, Independent Director, Deputy to the Chairman and Chief Operating Officer, and Deputy to the Chairman and Chief Financial Officer.
3Budgets for investment projects are approved on a multi-year basis; the "Year-to-Date Budget" amount reflects the 2007 spending estimates for approved projects. Detailed quarterly reports on the status of those projects are provided separately to the Board by the Capital Investment Review Committee.



Last Updated 09/16/2011 dofbusinesscenter@fdic.gov