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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 - First Quarter 2008

Executive Summary of 2008 Budget and Expenditures by Budget Component and Division/Office Through March 31, 2008
(Dollars in Thousands)
Division/Office YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Supervision & Consumer Protection $102,861 $96,743 94% ($6,118)
Information Technology 50,364 41,580 83% (8,784)
Administration 39,336 34,530 88% (4,806)
Resolutions & Receiverships 24,463 18,933 77% (5,530)
Legal 23,879 18,572 78% (5,307)
Insurance & Research 9,030 7,740 86% (1,290)
Finance 7,593 7,124 94% (469)
Inspector General 6,599 5,624 85% (975)
Corporate University 7,519 8,230 109% 711
Executive Support 1 4,198 4,182 100% (16)
Executive Offices 2 1,241 1,247 100% 6
Government Litigation 0 39 N/A 39
Total, Corporate Operating Budget $277,083 $244,544 88% ($32,539)
Investment Budget 3
Information Technology $6,073 $5,102 84% ($971)
Resolutions & Receiverships 0 67 N/A 67
Insurance & Research 141 43 30% (98)
Total, Investment Budget 3 $6,214 $5,212 84% ($1,002)
Combined Division/Office Budgets
Supervision & Consumer Protection $102,861 $96,743 94% ($6,118)
Information Technology 56,437 46,682 83% (9,755)
Administration 39,336 34,530 88% (4,806)
Resolutions & Receiverships 24,463 19,000 78% (5,463)
Legal 23,879 18,572 78% (5,307)
Insurance & Research 9,171 7,783 85% (1,388)
Finance 7,593 7,124 94% (469)
Inspector General 6,599 5,624 85% (975)
Corporate University 7,519 8,230 109% 711
Executive Support 1 4,198 4,182 100% (16)
Executive Offices 2 1,241 1,247 100% 6
Government Litigation 0 39 N/A 39
Grand Total $283,297 $249,756 88% ($33,541)

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 2008 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 05/14/2008 dofbusinesscenter@fdic.gov