| Accuracy of Projections- Maintain financial strength and operational efficiency |
Strategic Priorities |
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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 Cuyahoga County Office of Budget and Management makes with respect to anticipated revenue and expenditures.
Percentages are reported by the Cuyahoga County 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? | |
The COVID-19 pandemic had an impact on both County revenues and expenditures. To combat expected decreases in 2020 revenue collections departments were asked to reduce their 2020 budget, a hiring freeze was enacted, and employees were required to take 80-hour furloughs. CARES Act dollars and additional relief from the State of Ohio provided funding for essential services and COVID-19 related costs, as well as support to local businesses, area non profits, and the community. As a result expenditures for the year were well below 2020 budgeted amounts.
Performance Target |
Actual Expenditures Compared to Projection (Annual): 3%
Actual Revenues Compared to Projection (Annual): 2%
Actual Revenue Compared to Projection - Current Performance |
Actual Revenue Compared to Projection - Annual Performance |
Data Source |
Measure Data | Last Calculated 21 hours ago |
| 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 |  | Target Reached | 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 | | Target Not Reached | 3.10% | 3.00% | 0.20% | 3.00% | ||
| Q1-19 | | In Progress | -2.20% | -2.60% | ||||
| Q2-19 | | In Progress | -3.60% | -1.80% | ||||
| Q3-19 | | In Progress | 3.90% | 3.50% | ||||
| Q4-19 | | Target Not Reached | 3.90% | 3.00% | 3.50% | 2.00% | ||
| Q1-20 | | In Progress | ||||||
| Q2-20 | | In Progress | -25.50% | -11.40% | ||||
| Q3-20 | | In Progress | -23.60% | -2.50% | ||||
| Q4-20 | | Target Not Reached | -23.60% | 3.00% | -2.50% | 2.00% | ||
| Q1-21 | | In Progress | ||||||
| Q2-21 | | Not Defined | ||||||
| Q3-21 | | Not Defined | ||||||
| Q4-21 | | Not Defined |