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”