FY 2011 Popular Annual Financial Report FY 2011 Popular Annual Financial Report | Page 8
Financial Look Back at 2011
Arlington Financial Cycle
FEBR
UARY
Y
UAR
JAN
MA
DE
C
EM
BE
R
RC
H
AP
O
OB
CT
JUN
ER
E
MAY
NOVEMBER
RIL
JAN
• 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
FEB
• 1st QTR business plan/budget reviewed by
deputies
MAR
• CAFR/PAFR completed
• City Council approved
• Official statement updated
SE
LY
PT
JU
EM
BE
R
OCT
• 4th QTR BP/budget compiled
• Finance discussions begin
• Fund closings
• Citizen survey developed
NOV
• 4th QTR BP/budget reviewed by
deputies
• Fund closing continues
• Budget document finalized
DEC
• New budget submitted to GFOA
• Citizen satisfaction survey completed
Popular Annual Financial Report for 2011
AUGUST
JUL
• 3rd QTR BP/budget compiled
• CMO & OMB finalize proposed budget
• Certified tax roll received from Tarrant
Appraisal District
AUG
• Deputies review 3rd QTR BP/budget
• Proposed budget presented to City Council
• Budget town hall meetings conducted with
residents
SEP
• Budget development discussion with City
Council
• Budget adopted
8
APR
• 2nd QTR BP/budget compiled
• Potential bond issuance
• Rating agency review/OS update
• Budget kick off
• CAFR/PAFR submitted ot GFOA
MAY
• Deputies review 2nd QTR BP/budget
• Department BP & budget modifications
/proposals due for next year
• Preliminary revenue for upcoming
fiscal year determined
JUN
• Deputies budget & BP
• Modifications & proposals reviewed &
prioritized
• Proposed budget discussion with City
Manager
CAFR . . . . . Comprehensive Annual Financial Report
PAFR. . . . . . . . . . . . Popular Annual Financial Report
BP . . . . . . . . . . . . . . . . . . . . . . . . . . . Business Plan
OS . . . . . . . . . . . . . . . . . . . . . . . . Official Statement
GFOA . . . . . Government Finance Officers Association
CMO. . . . . . . . . . . . . . . . . . . . City Manager’s Office
OMB. . . . . . . . . . . Office of Management and Budget
“Challenge, Change, Celebrate, Congra