FACT CHECK: Standard & Poor’s Assessment of Cuyahoga County
February 19, 2014
Standard & Poor’s: “We view Cuyahoga County’s management conditions as very strong with strong financial practices. The county produces quarterly reports which include budget-to-actual results, investment portfolio performance, and updated three-year financial projections shared with the board. Its biennial budget also includes a five-year capital improvement plan and debt policy. The county recently codified reserve policy which set a minimum unreserved fund balance at 20%-25% of expenditures on a budgetary basis.”