FY 2010 Popular Annual Financial Report FY 2010 Popular Annual Financial Report | Page 2

Message from the Mayor Dear Reader, The Arlington City Council and I are honored to present the 2010 Popular Annual Financial Report: Meeting the Challenge. We believe that providing you, our citizens, with a clear and concise look at the work we do is paramount to responsible government. In 2010, we faced the aftermath of what some have called the worst economic downturn since the Great Depression. A slow economy, depressed housing market and flat sales tax revenue put huge financial pressures on the City’s ability to continue providing service. Yet, Arlington has a history of working together and using conservative financial strategies to meet challenging times. Our ability, Council and staff, to develop and balance a $300 million budget is a daunting task, even during a good year. Auditing and reporting the City of Arlington’s financial status is an important responsibility. Staff throughout the organization works closely with Finance to ensure that transactions are correctly calculated and posted. Routinely throughout the year, the Council and I are briefed on our financial position. We are given opportunities to make adjustments, as needed, to meet community priorities. In this report The year 2010 also presented great opportunities. The Entertainment District sales tax revenues were strong due to the increase in number of fans attending events and having fun at Six Flags over Texas, the Rangers Ballpark and Cowboys Stadium. Arlington taxpayers voted to renew the streets maintenance sales tax for street repair, and the City was awarded just over $20 million in federal funding from the American Recovery and Reinvestment Act for all types of grants including energy and conservation block grants. Message From the Mayor...................................................2 City Council.......................................................................3 Message From the City Manager........................................4 . Strategic Performance Plan................................................5 A Look Back.......................................................................6 Strategic Planning Cycle.....................................................8 Although 2010 was a demanding year, the City of Arlington met our financial challenges. I’m proud of the work that has been done to sustain the City during truly challenging times and offer this report on the financial status of our great city. Community Profile.............................................................9 Neighborhoods. ............................................................... 10 . Economic Development....................................................12 Capital Investments. ........................................................ 14 . Sincerely, Strategic Support............................................................. 16 Robert N. Cluck, M.D. Achievements in Service...................................................18 Arlington Mayor Robert.Cluck@arlingtontx.gov 817.459.6121 Financial Highlights..........................................................20 A Look Forward................................................................23 Popular Annual Financial Report for 2010 2