File #: 21-1608    Version: 1 Name: Quarterly Update of the Long-Term Revenue Forecast
Type: Report Status: Filed
File created: 2/11/2021 In control: Board of Commissioners
On agenda: 2/25/2021 Final action: 2/25/2021
Title: REPORT Department: Office of the Chief Financial Officer Report Title: Quarterly Update of the Long-Term Revenue Forecast Report Period: FY 2021-2025 Summary: The Quarterly Report provides an update between the Long-term Financial plan provided to the IRFC and posted on the County's Website on 10/30 and the forecast used in the FY 2021 Adopted Budget. This report includes a variance analysis comparing the two forecasts and provides an explanation for each variance, along with additional supporting detail outlining progress made on the County's Sales Tax Projections and a summary of the impact of the Revenue projections on our Long-term Expense Projections for both the General and Health Funds. We conclude with an out-year forecast of the County's Unassigned Ending Fund Balance.
Indexes: (Inactive) AMMAR RIZKI, Chief Financial Officer, Bureau of Finance
Attachments: 1. IRFC Report 1.27.21

title

REPORT

 

Department:  Office of the Chief Financial Officer

 

Report Title:  Quarterly Update of the Long-Term Revenue Forecast

 

Report Period:  FY 2021-2025

 

Summary:  The Quarterly Report provides an update between the Long-term Financial plan provided to the IRFC and posted on the County’s Website on 10/30 and the forecast used in the FY 2021 Adopted Budget. This report includes a variance analysis comparing the two forecasts and provides an explanation for each variance, along with additional supporting detail outlining progress made on the County’s Sales Tax Projections and a summary of the impact of the Revenue projections on our Long-term Expense Projections for both the General and Health Funds. We conclude with an out-year forecast of the County’s Unassigned Ending Fund Balance.

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