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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 - Fourth Quarter 2007

Executive Summary of 2007 Budget and Expenditures by Budget Component and Division/Office Through December 31, 2007
(Dollars in Thousands)
Division/Office YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Supervision & Consumer Protection $390,408 $385,455 99% ($4,953)
Information Technology 194,687 186,054 96% (8,633)
Administration 159,340 152,143 95% (7,197)
Resolutions & Receiverships 98,377 55,688 57% (42,689)
Legal 90,619 72,314 80% (18,305)
Insurance & Research 37,088 33,780 91% (3,308)
Finance 30,891 28,895 94% (1,996)
Inspector General 24,938 22,867 92% (2,071)
Corporate University 30,899 29,898 97% (1,001)
Executive Support 1 17,797 16,100 90% (1,697)
Executive Offices 2 7,446 6,514 87% (932)
Government Litigation 25,000 11,805 47% (13,195)
Total, Corporate Operating Budget $1,107,490 $1,001,513 90% ($105,977)
Investment Budget 3
Information Technology $13,871 $11,283 81% ($2,588)
Resolutions & Receiverships 227 358 158% 131
Insurance & Research 278 305 110% 27
Corporate University 120 0 0% (120)
Total, Investment Budget 3 $14,496 $11,946 82% ($2,550)
Combined Division/Office Budgets
Supervision & Consumer Protection $390,408 $385,455 99% ($4,953)
Information Technology 208,558 197,337 95% (11,221)
Administration 159,340 152,143 95% (7,197)
Resolutions & Receiverships 98,604 56,046 57% (42,558)
Legal 90,619 72,314 80% (18,305)
Insurance & Research 37,366 34,085 91% (3,281)
Finance 30,891 28,895 94% (1,996)
Inspector General 24,938 22,867 92% (2,071)
Corporate University 31,019 29,898 96% (1,121)
Executive Support 1 17,797 16,100 90% (1,697)
Executive Offices 2 7,446 6,514 87% (932)
Government Litigation 25,000 11,805 47% (13,195)
Grand Total $1,121,986 $1,013,459 90% ($108,527)

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 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 03/12/2008 dofbusinesscenter@fdic.gov