Board of Commissioners of Cook County - File #: 22-3234

• File #: 22-3234
• Version: 1
• Name: Quarterly Report of the Long Term Revenue Forecast
• Type: Report
• Status: Filed
• File created: 5/2/2022
• In control: Board of Commissioners
• On agenda: 5/12/2022
• Final action: 5/12/2022
• Title: REPORT Department: Office of the Chief Financial Officer Report Title: Quarterly Report of the Long-Term Revenue Forecast Report Period: FY 2021 - 2025 Summary: The report provides an update between the Long-term Financial plan provided to the IRFC and posted on the County's Website in January 2022, and the most up to date forecast. This report includes a variance analysis comparing the two forecasts and provides an explanation for the significant variances, 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 FY2022 project plans, an analysis of factors impacting revenue forecasting, and an update on recent regional and relevant economic activity
• Indexes: (Inactive) AMMAR RIZKI, Chief Financial Officer, Bureau of Finance

Date	Ver.	Action By	Motion	Result
5/12/2022	1	Board of Commissioners	receive and file	Pass

title

REPORT

Department:  Office of the Chief Financial Officer

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

Report Period:  FY 2021 - 2025 

Summary:  The report provides an update between the Long-term Financial plan provided to the IRFC and posted on the County’s Website in January 2022, and the most up to date forecast. This report includes a variance analysis comparing the two forecasts and provides an explanation for the significant variances, 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 FY2022 project plans, an analysis of factors impacting revenue forecasting, and an update on recent regional and relevant economic activity

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