Chief Financial Officer's (CFO) Report to the Board
Budget & Expenditures by Major Expense Categories - Fourth Quarter 2016
| Executive
Summary of 2016 Budget and Expenditures by Major Expense Category Through December 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 | $1,254,695 | $1,184,570 | 94% | ($70,125) |
| Outside Services - Personnel | 240,380 | 240,380 | 214,927 | 89% | (25,453) | |
| Travel | 99,168 | 99,168 | 89,778 | 91% | (9,390) | |
| Buildings | 98,384 | 98,384 | 92,081 | 94% | (6,303) | |
| Equipment | 87,992 | 87,992 | 82,312 | 94% | (5,680) | |
| Outside Services - Other | 15,038 | 15,038 | 13,889 | 92% | (1,149) | |
| Other Expenses | 15,044 | 15,044 | 12,108 | 80% | (2,936) | |
| Total Ongoing Operations | $1,810,701 | $1,810,701 | $1,689,665 | 93% | ($121,036) | |
| Receivership Funding | ||||||
| Salaries & Compensation | $61,080 | $61,080 | $46,333 | 76% | ($14,747) | |
| Outside Services - Personnel | 296,569 | 296,569 | 187,206 | 63% | (109,363) | |
| Travel | 8,207 | 8,207 | 3,236 | 39% | (4,971) | |
| Buildings | 14,658 | 14,658 | 15,781 | 108% | 1,123 | |
| Equipment | 1,782 | 1,782 | 1,542 | 87% | (240) | |
| Outside Services - Other | 1,900 | 1,900 | 1,221 | 64% | (679) | |
| Other Expenses | 15,804 | 15,804 | 4,617 | 29% | (11,187) | |
| Total Receivership Funding | $400,000 | $400,000 | $259,936 | 65% | ($140,064) | |
| Total FDIC Operating Budget | $2,210,701 | $2,210,701 | $1,949,601 | 88% | ($261,100) | |