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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 Selected Financial Data
II. Investments Results & Prospective Strategies

   •  Deposit Insurance Fund Portfolio Summary
   •  Approved Investment Strategies
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 2008

Executive Summary of 2008 Budget and Expenditures by Budget Component and Division/Office Through June 30, 2008
(Dollars in Thousands)
Division/Office YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Supervision & Consumer Protection $203,263 $200,341 99% ($2,922)
Information Technology 100,962 93,292 92% (7,670)
Administration 81,533 74,705 92% (6,828)
Resolutions & Receiverships 44,661 40,542 91% (4,119)
Legal 41,672 38,731 93% (2,941)
Insurance & Research 18,333 15,555 85% (2,778)
Finance 15,475 14,128 91% (1,347)
Inspector General 13,152 11,477 87% (1,675)
Corporate University 16,250 16,187 100% (63)
Executive Support 1 9,297 11,625 125% 2,328
Executive Offices 2 2,525 2,476 98% (49)
Government Litigation 0 66 N/A 66
Total, Corporate Operating Budget $547,123 $519,125 95% ($27,998)
Investment Budget 3
Information Technology $13,949 $13,632 98% ($317)
Resolutions & Receiverships 20 541 2705% 521
Insurance & Research 686 240 35% (446)
Corporate University 58 0 0% (58)
Total, Investment Budget 3 $14,713 $14,413 98% ($300)
Combined Division/Office Budgets
Supervision & Consumer Protection $203,263 $200,341 99% ($2,922)
Information Technology 114,911 106,924 93% (7,987)
Administration 81,533 74,705 92% (6,828)
Resolutions & Receiverships 44,681 41,083 92% (3,598)
Legal 41,672 38,731 93% (2,941)
Insurance & Research 19,019 15,795 83% (3,224)
Finance 15,475 14,128 91% (1,347)
Inspector General 13,152 11,477 87% (1,675)
Corporate University 16,308 16,187 99% (121)
Executive Support 1 9,297 11,625 125% 2,328
Executive Offices 2 2,525 2,476 98% (49)
Government Litigation 0 66 N/A 66
Grand Total $561,836 $533,538 95% ($28,298)

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 09/15/2008 dofbusinesscenter@fdic.gov