FY 2012 Popular Annual Financial Report FY 2012 Popular Annual Financial Report | Page 8

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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
8

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MAY
• Review 2nd QTR BP/budget
• Department BP & budget modifications
/proposals due for next year
• Preliminary revenue for upcoming fiscal
year determined
JUNE
• Budget & BP
• Modifications & proposals reviewed &
prioritized
• Proposed budget discussion with City
Manager

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Bu

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nnin
Pla

CAFR
R

Arlington
Financial Cycle

Focus on Priorities

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op m
l

JANUARY
• 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
FEBRUARY
• 1st QTR business plan/budget reviewed
MARCH
• CAFR/PAFR completed
• City Council approved
• Official statement updated
APRIL
• 2nd QTR BP/budget compiled
• Potential bond issuance
• Rating agency review/OS update
• Budget kick off
• CAFR/PAFR submitted to GFOA

JULY
• 3rd QTR BP/budget compiled
• CMO & OMB finalize proposed budget
• Certified tax roll received from Tarrant
Appraisal District
AUGUST
• Review 3rd QTR BP/budget
• Proposed budget presented to City
Council
• Budget town hall meetings conducted
with residents
SEPTEMBER
• Budget development discussion with City
Council
• Budget adopted
OCTOBER
• 4th QTR BP/budget compiled
• Finance discussions begin
• Fund closings
• Citizen survey developed
NOVEMBER
• 4th QTR BP/budget reviewed
• Fund closing continues
• Budget document finalized
DECEMBER
• New budget submitted to GFOA
• Citizen satisfaction survey completed