File #: 22-6421    Version: 1 Name: Quarterly Update of the Long-Term Revenue Forecast
Type: Report Status: Filed
File created: 11/8/2022 In control: Board of Commissioners
On agenda: 11/17/2022 Final action: 11/17/2022
Title: REPORT Department: Office of the Chief Financial Officer Report Title: Quarterly Update of the Long-Term Revenue Forecast Report Period: FY2022-FY2026 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 July 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 details outlining progress made on the County's sales tax projections. 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 FY2023 project plans and an update on recent regional and relevant economic activity
Indexes: (Inactive) LAWRENCE WILSON, Acting Chief Financial Officer
Attachments: 1. IRFC Report 10.27.22

title

REPORT

 

Department:  Office of the Chief Financial Officer 

 

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

 

Report Period:  FY2022-FY2026 

 

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 July 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 details outlining progress made on the County’s sales tax projections. 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 FY2023 project plans and an update on recent regional and relevant economic activity.

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