Liquidity and Financial Overview of Cook County

Liquidity The County benefits from strong liquidity Under state law, cash of the County in its corporate capacity is deposited into a consolidated account known as the "C-Fund"; includes cash for County General Fund, Health Enterprise Fund, Election Fund, and other non-major governmental funds FY 2021 C-Fund cash balance averaged $1,283.7 million (compared to $619.8 million in FY 2020); comptroller continues to target payment of invoices within 7-10 days of their receipt Additional flexibility provided through $100 million revolving line of credit, which is completely undrawn; facility was extended in February 2022 and is set to expire in 2025 County expects to pay off outstanding amount of PNC Revolver with its 2022 Sales Tax Revenue Bond issuance Cash and Liquidity Position (C-Fund)1 ($mm) 3,000 2,500 2,000 1,500 1,000 500 0 Dec Jan Feb Mar Provider PNC Bank BMO Harris N.A. ■FY 2020 ■FY 2021 ■ FY 2022 Apr May Jun Jul Aug Sep Oct Nov Summary of Outstanding Revolving Credit Agreements Interest Rate Expiration 80% of 1 day LIBOR + 11/1/2022 Applicable Spread 1 Month LIBOR + Applicable Spread 2/1/2025 Authorized Amount Outstanding Amount $175 million $171 million $100 million $0 1. Cook County Office of the Chief Financial Officer. July 2022 cash balance as of 7/5/2022. See p. 51-52 of the Preliminary Official Statement dated August 3, 2022. of coo CO 18

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