Other Governments

.

GASB 54 Reporting Changes for Fund Balance Evident with Chicago Park District

The Chicago Park District recently released its $410.9 million spending plan for FY2013. The District had identified a $16.0 million budget gap,…

.

Forest Preserve District of Cook County FY2013 Budget Analysis

The Civic Federation supports the Forest Preserve District of Cook County’s FY2013 proposed $190.3 million budget for its discipline in identifying non-tax revenue sources to hold the property tax levy flat for the fourth year in a row…

.

Lack of Transparency in Forest Preserve District’s 2012 Bond Issuance

In June 2012 the Forest Preserve District of Cook County Board of Commissioners approved the issuance of $110 million in bonds to finance…

.

DuPage County Proposed FY2013 Financial Plan

The purpose of this report is to provide a review of the DuPage County Proposed FY2013 Financial Plan and examination of the County’s financial condition. The report reviews key findings of the $431.8 million budget plan and compares…

.

DuPage County Releases Proposed FY2013 Financial Plan

Yesterday, DuPage County Board Chairman Dan Cronin presented the DuPage County Proposed FY2013 Financial Plan to the County Board. DuPage County’s current fiscal year ends on November 30…

.

Civic Federation Recommendations Regarding Changes to Fund Balance Reporting Standards

Earlier this year, the Civic Federation published a blog describing the recent changes to the standards for how governments report fund balance. Fund balance…

.

Changes to Chicago Park District Pension Fund Fiscal Year

UPDATE: On Thursday, August 16, 2012, Governor Quinn signed into law the changes to the Chicago Park District Pension Fund fiscal year as Public Act 097-0894…

.

Civic Federation Supports City Colleges FY2013 Tentative Budget

The Civic Federation announced its support for the City Colleges of Chicago FY2013 tentative budget on July 12, testifying at a public hearing and releasing its analysis of the proposed $659.…

.

City Colleges of Chicago FY2013 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the City Colleges FY2013 budget totaling $659.5 million because it demonstrates continued fiscal discipline and attention to financial best practices. Unrestricted operating funds, the portion of the budget…

.

MWRD Retirement Fund

UPDATE: On Friday, August 3, 2012, Governor Quinn signed into law the pension reforms for the Metropolitan Water Reclamation District Retirement Fund as Public…