City Council Office of Financial Analysis

The City Council Office of Financial Analysis (COFA) was created in 2015 to provide the City Council with independent analysis of the fiscal implications of the issues before it. COFA works with the City Council's Committee on Budget and Government Operations, and applies the tools of financial analysis to budget recommendations and forecasts, the City's annual audit, proposed public-private partnership agreements or asset leases, bond rating agency actions, and other matters as requested by Aldermen. COFA also provides an options report of potential cost-saving reforms and efficiencies.