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

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Budget & Expenditures by Major Expense Categories - Fourth Quarter 2008

Executive Summary of 2008 Budget and Expenditures by Major Expense Category
Through December 31, 2008
(Dollars in Thousands)
Major Expense Category YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Ongoing Operations
Salaries & Compensation $691,665 $691,958 100% $293
Outside Services - Personnel 173,735 162,658 94% (11,077)
Travel 64,080 63,945 100% (135)
Buildings 55,607 56,411 101% 804
Equipment 45,382 47,656 105% 2,274
Outside Services - Other 24,259 21,188 87% (3,071)
Other Expenses 12,076 10,882 90% (1,194)
Total Ongoing Operations $1,066,804 $1,054,698 99% ($12,106)
Receivership Funding
Salaries & Compensation $12,912 $12,280 95% ($632)
Outside Services - Personnel 92,648 99,999 108% 7,351
Travel 9,771 9,487 97% (284)
Buildings 11,910 9,254 78% (2,656)
Equipment 12,440 12,499 100% 59
Outside Services - Other 1,759 2,886 164% 1,127
Other Expenses 8,560 4,059 47% (4,501)
Total Receivership Funding $150,000 $150,464 100% ($464)
Total Corporate Operating Budget $1,216,804 $1,205,162 99% ($11,642)
Investment Budget 1 $29,444 $25,687 87% ($3,757)
Grand Total $1,246,248 $1,230,849 99% ($15,399)

1Budgets for investment projects are approved on a multi-year basis; the year-to-date budget amount reflects the 2008 spending estimates for approved projects.



Last Updated 03/20/2009 dofbusinesscenter@fdic.gov

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