Accuracy of Projections

- 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 the projections the Office of Budget and Management makes with respect to anticipated revenue and expenditures. Percentages, reported by the Office of Budget and Management on an annual basis, show how close quarterly projections were to actuals for the first three quarters of a budget year.
Why is this important?

Without the expectation of accuracy, the projections do not provide the necessary decision support to the County’s elected officials. Without an accurate understanding of anticipated revenue, expenditures, and of the County’s overall financial health, elected officials cannot make informed decisions.
How are we making an impact?

Accurate projections ensure that the County’s elected officials are making decisions with a complete and accurate understanding of the County’s financial status. The County will continue its efforts to maintain and, when possible, improve the accuracy of projections.
Actual Revenue Compared to Projection - Current Performance
Use regions/landmarks to skip ahead to chart and navigate between data series.

Cuyahoga County Actual Expenses and Revenue Compared to Projection (by Quarter)

Long description.

Bar chart shows the accuracy of projections for revenue and expenditures by quarter. See data table for details.

Structure.

Chart type: column chart.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values.

Chart graphic.

Cuyahoga County Actual Expenses and Revenue Compared to Projection (by Quarter)Created with Highcharts 5.0.12Cuyahoga County Actual Expenses and Revenue Compared to Projection (byQuarter)Cuyahoga County Actual Expenses and Revenue Compared to Projection (by Quarter)5.20%5.20%5.00%5.00%3.10%3.10%2.70%2.70%2.00%2.00%0.20%0.20%Actual Expenses Compared to ProjectionActual Revenue Compared to ProjectionChart context menuQ1-18Q2-18Q3-18
Actual Revenue Compared to Projection - Annual Performance
Use regions/landmarks to skip ahead to chart and navigate between data series.

Cuyahoga County Actual Expenses and Revenue Compared to Projection (by Year)

Long description.

Bar chart shows the accuracy of projections for revenue and expenditures by year. See data table for details.

Structure.

Chart type: column chart.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values.

Chart graphic.

Cuyahoga County Actual Expenses and Revenue Compared to Projection (by Year)Created with Highcharts 5.0.12Cuyahoga County Actual Expenses and Revenue Compared to Projection (by Year)0.70%0.70%3.10%3.10%0.90%0.90%0.20%0.20%Actual Expenses Compared to ProjectionActual Revenue Compared to ProjectionChart context menu20172018
Data Source

Cuyahoga County Office of Budget and Management
Measure Data
Period Status Actual Expenses Compared to Projection Actual Expenses Compared to Projection - YTD Actual Expenses Compared to Projection - Target Actual Revenue Compared to Projection Actual Revenue Compared to Projection - YTD Actual Revenue Compared to Projection - Target
Q1-17 In Progress 0.90% 2.50%
Q2-17 In Progress 0% 0.40%
Q3-17 In Progress 0.70% 0.90%
Q4-17 In Progress 0.70% 0.70% 3.00% 0.90% 0.90% 3.00%
Q1-18 In Progress 5.20% 2.70%
Q2-18 In Progress 5.00% 2.00%
Q3-18 In Progress 3.10% 0.20%
Q4-18 In Progress 3.10% 3.00% 0.20% 3.00%
Q1-19 In Progress
Q2-19 In Progress
Q3-19 In Progress
Q4-19 Not Defined