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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 - Fourth Quarter 2007

Executive Summary of 2007 Budget and Expenditures by Major Expense Category
Through December 31, 2007
(Dollars in Thousands)
Major Expense Category YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Ongoing Operations
Salaries & Compensation $650,116 $638,428 98% ($11,688)
Outside Services - Personnel 179,424 150,034 84% (29,390)
Travel 56,719 53,738 95% (2,981)
Buildings 68,290 67,076 98% (1,214)
Equipment 49,563 49,201 99% (362)
Outside Services - Other 15,723 14,158 90% (1,565)
Other Expenses 12,655 9,172 72% (3,483)
Total Ongoing Operations $1,032,490 $981,807 95% ($50,683)
Receivership Funding
Salaries & Compensation $3,420 $990 29% ($2,430)
Outside Services - Personnel 61,347 12,827 21% (48,520)
Travel 5,646 2,046 36% (3,600)
Buildings 2,300 2,471 107% 171
Equipment 226 31 14% (195)
Outside Services - Other 543 185 34% (358)
Other Expenses 1,518 1,156 76% (362)
Total Receivership Funding $75,000 $19,706 26% ($55,294)
Total Corporate Operating Budget $1,107,490 $1,001,513 90% ($105,977)
Investment Budget 1 $14,496 $11,946 82% ($2,550)
Grand Total $1,121,986 $1,013,459 90% ($108,527)

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 02/26/2008 dofbusinesscenter@fdic.gov