FY 2013 Popular Annual Financial Report FY 2013 Popular Annual Financial Report | Page 8

Arlington Financial Cycle g Strate gic rtin o ep e op m l n t Bu g nnin Pla CAFR R may dge t D eve • Budget kick off • CMO reviews 2nd QTR BP/budget • Department BP & budget modifications /proposals due for next year • Preliminary revenue for upcoming fiscal year determined JUNE • CMO reviews budget & BP • Modifications & proposals reviewed & prioritized • Proposed budget discussion with City Manager JULY • 3rd QTR BP/budget compiled • CMO & OMB finalize proposed budget • Certified tax roll received from Tarrant Appraisal District AUGUST TERMS CAFR . . . . . . . . . . . Comprehensive Annual Financial Report PAFR. . . . . . . . . . . . . . . . . Popular Annual Financial Report ting Strate nning Pla CAFR R BP . . . ep .o .r . . . . . . . . . .g .ic . . Business Plan . OS . . . . . . . . . . . . . . . . Official Statement GFOA. . . . . . . . . . . . . Government Finance Officers Association t n CMO. . B u . . . . . . . . . CityeManager’s Office . . dge t D evelo p m OMB. . . . . . . . . . . . Office of Management and Budget 8 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 by City Manager’s Office (CMO) MARCH • CAFR/PAFR completed • City Council approved • Official statement updated APRIL • 2nd QTR BP/budget compiled • Potential bond issuance • Rating agency review/OS update • CAFR/PAFR submitted to GFOA • CMO reviews 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 • Finance discussions begin • Fiscal year-end processing NOVEMBER • 4th QTR BP/budget compiled • Fiscal year-end processing • Budget document finalized • Citizen survey developed DECEMBER • 4th QTR BP/budget reviewed • New budget submitted to GFOA • Citizen satisfaction survey completed