FY 2009 Popular Annual Financial Report FY 2009 Popular Annual Financial Report | Page 7

A Look Back at 2009
Arlington Financial Cycle

• 1st QTR business
plan/budget
reviewed by
deputies

ing
or t
ep

• CAFR/PAFR completed
• To City Council
• Official statement updated

CAF
R

• 4th QTR BP/budget
reviewed by
deputies
• Fund closing
continues
• Budget document
finalized

R

• New budget
submitted to GFOA
• Citizen satisfaction
survey completed

• External Auditor & staff
begin work on CAFR &
single audit
• 1st QTR business plan &
budget compiled
• City Council coordinates
strategic planning
session for upcoming
fiscal year

• 2nd QTR BP/budget compiled
• Potential bond issuance
• Rating agency review/OS
update
• Budget kick off
• CAFR/PAFR submitted ot GFOA

pm
ent

• 4th QTR BP/budget
compiled
• Finance discussion begins
• Fund closings
• Citizen survey developed
• Issued $38 million in debt for
capital projects
• Budget development
discussion with City
Council
• Budget adopted

lo
ve
De
Budget

• Deputies review 2nd QTR
BP/budget
• Department BP & budget
modifications/proposals due
• Preliminary revenue for
upcoming fiscal year
determined

• Deputies review 3rd
QTR BP/budget
• Proposed budget
• Deputies budget & BP
presented to City
• 3rd QTR BP/budget • Modifications & proposals
Council
reviewed & prioritized
compiled
• Budget town hall
meetings conducted • CMO & OMB finalize • Proposed budget discussion
with City Manager
proposed budget
with residents
• Certified tax roll
received from Tarrant
Appraisal District

7

“Excellence in Action”