The FDIC’s Management of Travel Costs
September 2005
Evaluation Report 05-036
|
Table 2: Compensation Ceiling Amounts Compared to Actual Payments
| Time Period |
Contract Period |
Compensation Ceiling |
Actual Payments to SatoTravel |
Remaining Funds |
| October 1, 2002 through September 30, 2003 |
Initial Period of Performance |
$400,000 |
$259,222 |
$140,778 |
| October 1, 2003 through September 30, 2004 |
Option Period 1 |
$200,000 |
$258,357 |
$82,421 |
| October 1, 2004 through September 30, 2005 |
Option Period 2 |
$100,000 |
$224,083 (through March 2005) |
($41,662) |
| Sub-Totals |
|
$700,000 |
$741,662 |
($41,662) |
| October 1, 2005 through September 30, 2006 |
Option Period 3 |
$100,000 |
|
|
| October 1, 2006 through September 30, 2007 |
Option Period 4 |
$100,000 |
|
|
| Totals |
|
$900,000 |
$741,662 |
($41,662) |
Source: OIG Analysis.
|
| Last updated 10/19/2005 |
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