Board of Commissioners of Cook County - File #: 24-3092

• File #: 24-3092
• Version: 1
• Name: Form E and IRFC Quarterly Report
• Type: Report
• Status: Committee Reports
• File created: 5/8/2024
• In control: Finance Committee
• On agenda: 5/16/2024
• Final action: 6/13/2024
• Title: REPORT Department: Bureau of Finance Report Title: Quarterly Update of the Long-Term Revenue Forecast Report Period: FY2024 - FY2028 Summary: The following report provides an update between the Long-term Financial Plan provided to the Independent Revenue Forecasting Commission (IRFC) and posted on the County's website in January 2024, 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. A summary of the impact of the revenue projections on our long-term expense projections for both the General and Health Funds is also included. We conclude with FY2024 project plans and an update on recent regional and relevant economic activity.
• Indexes: TANYA S. ANTHONY, Chief Financial Officer, Bureau of Finance

Date	Ver.	Action By	Motion	Result
6/13/2024	1	Board of Commissioners	receive and file	Pass
6/12/2024	1	Finance Committee
5/16/2024	1	Board of Commissioners	refer	Pass

title

REPORT

Department:  Bureau of Finance

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

Report Period:  FY2024 - FY2028

Summary:  The following report provides an update between the Long-term Financial Plan provided to the Independent Revenue Forecasting Commission (IRFC) and posted on the County’s website in January 2024, 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. A summary of the impact of the revenue projections on our long-term expense projections for both the General and Health Funds is also included. We conclude with FY2024 project plans and an update on recent regional and relevant economic activity.

end