| Accuracy of Budget- Maintain financial strength and operational efficiency |
Strategic Priorities |
-
13.2 Create a balanced budget that reflects our priorities
- Maintain financial strength and operational efficiency
About this measure |
This item measures the accuracy of Cuyahoga County’s adopted budget when compared to actual revenue and expenditures. Percentages reported by the Cuyahoga County Office of Budget and Management show how close the County’s approved budget was to actuals annually.
Why is this important? |
The budget is Cuyahoga County’s planned spend for the next two-year cycle. It’s County policy to adopt a balanced budget. In recent years, to balance the budget, the County has been making cuts to adopt a budget that is balanced. An inaccurate budget can mean a service may have been cut unnecessarily.
How are we making an impact? | |
In 2017, revenue actuals varied from budget by less than 1%, which is very good. On the expenditure side, there was a 4% variance. This means that agencies over-estimated their appropriation needs for the year. Moving forward, the County will continue to develop a budget that sufficiently meets agency needs but does not overestimate spend or revenue.
Actual Revenue Compared to Budget - Historical Performance |
Data Source |
Measure Data |
| Period | | Status | Actual Expenses Compared to Budget | Actual Revenue Compared to Budget | Target (Budget) |
|---|---|---|---|---|---|
| 2016 | | Not Defined | |||
| 2017 | | In Progress | 4.00% | 0.90% | 0% |
| 2018 | | In Progress | 8.80% | 1.90% | 0% |
| 2019 | | Not Defined | 0% |