Cook County, which includes Chicago, is celebrating the release of its comprehensive annual financial report within six months of the close of the fiscal year, marking the first time in 10 years the county has done so.
The early audit filing is a sign that the “county is putting its fiscal house in order,” according to County President Toni Preckwinkle, who took office in late 2010 with a pledge to clean up the long-troubled county finances.
“Cook County’s prior delays in releasing its audited financial statements diminish its accountability,” Preckwinkle said in a statement touting the results of the audit.
“We will continue to meet deadlines to disclose the government’s financial condition and ensure our county is compliant with accepted standards and practices that will promote investment and growth,” she added.
Cook County’s fiscal year begins Dec. 1.