ALEXANDRIA, Va.—NCUA released annual budget information Tuesday broken down for each board member, showing a decrease of $78,500 (or 9.4%) in the board’s spending projected for 2015 compared with this year.
NCUA Chairman Debbie Matz said in a statement that the data release fulfills a commitment she made last month to expand the information and data made available to the public.
“For 2015, NCUA has already released more detailed information on the overall budget, office budgets, contracting and the budget process,” Matz said. “By making public information about the budgets of each board member, we are now taking the next step in furthering our commitment to budget disclosure and public awareness,” she said.
According to information on each individual board member’s budgets, only Matz’s office will see an increase in pay and benefits for 2015, rising $13,255 (1.5%) to a total of $917,200. Pay and benefits for board members Vice Chairman Rick Metsger and newest board member Mark McWatters’ offices were down by 1.7% and 1.1%, respectively.
Travel budgets also dropped by an average of 23.6%, a reduction of more than $60,000. The travel budget for Matz’s office alone dropped by one-third, to $60,000 for 2015.
Board members’ administration budgets also dropped by $10,000 each, an average of 39%.
Budgets for contracted services varied, with Matz’s office seeing a $5,000 decline (6.3%), Metsger’s office seeing no change, and McWatters’ office’s budget for contracted services rising by 133%, from $15,000 to $35,000. But that increase is equal to the reduction from McWatters' budget for travel and administrative costs, so ultimatley his budget is neutral to that of former NCUA Board Member Michael Fryzel.
NCUA noted that McWatters’ office’s budget figures do not include furniture purchases of $21,600 which were funded through the regulator’s central furniture budget,