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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 Major Expense Categories - First Quarter 2007

Executive Summary of 2007 Budget and Expenditures by Major Expense Category
Through March 31, 2007
(Dollars in Thousands)
Major Expense Category YTD
Budget
YTD
Expenditures
% of
Budget Used
Variance
Corporate Operating Budget
Ongoing Operations
   Salaries & Compensation $162,493 $158,141 97% ($4,352)
   Outside Services - Personnel 36,387 29,763 82% (6,624)
   Travel 12,293 10,335 84% (1,958) 
   Buildings 16,424 16,665 101% 241
   Equipment 7,887 7,887 100% 0
   Outside Services - Other 5,320 2,878 54% (2,442)
   Other Expenses 2,601 1,810 70% (791)
Total Ongoing Operations $243,405 $227,479 93% ($15,926)
Receivership Funding
   Salaries & Compensation $855 $203 24% ($652)
   Outside Services - Personnel 15,337 1,096 7% (14,241)
   Travel 1,411 350 25% (1,061)
   Buildings 575 314 55% (261)
   Equipment 56 2 4% (54)
   Outside Services - Other 136 14 10% (122)
   Other Expenses 380 8 2% (372)
Total Receivership Funding $18,750 $1,987 11% ($16,763)
Total Corporate Operating Budget $262,155 $229,466 88% ($32,689)
Investment Budget1 $5,602 $3,885 69% ($1,717)
Grand Total $267,757 $233,351 87% ($34,406)

1Budgets 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 05/16/2007 dofbusinesscenter@fdic.gov