Board of Commissioners of Cook County - File #: 21-4590

• File #: 21-4590
• Version: 1
• Name: Quarterly Update of the Long-Term Revenue Forecast
• Type: Report
• Status: Filed
• File created: 8/10/2021
• In control: Board of Commissioners
• On agenda: 9/23/2021
• Final action: 9/23/2021
• Title: REPORT Department: Office of the Chief Financial Officer Report Title: Quarterly Update of the Long-Term Revenue Forecast Report Period: FY 2021 to FY2025. Summary: The following provides an update between the Long-term Financial plan provided to the IRFC and posted on the County's Website on May 26th, 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 an out-year forecast of the County's Unassigned Ending Fund Balance 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
9/23/2021	1	Board of Commissioners	receive and file	Pass

title

REPORT

Department:  Office of the Chief Financial Officer 

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

Report Period:  FY 2021 to FY2025.

Summary:  The following provides an update between the Long-term Financial plan provided to the IRFC and posted on the County’s Website on May 26^th, 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 an out-year forecast of the County’s Unassigned Ending Fund Balance and an update on recent regional and relevant economic activity.

end