Popular Annual Financial Report
Arlington Financial Cycle
DECEMBER
• 4 th QTR BP / budget reviewed
• New budget submitted to GFOA
• Citizen satisfaction survey completed
JANUARY
• 1 st QTR BP / budget compiled
• City Council coordinates strategic planning session for upcoming fiscal year
NOVEMBER
• 4 th QTR BP / budget compiled
• Fiscal year-end processing
• Budget document finalized
• Citizen survey developed
OCTOBER
• Fiscal year-end processing
• External Auditor & staff begin work on Comprehensive Annual Financial Report & single audit
SEPTEMBER
• Budget development discussion with City Council
• Budget adopted
OCT
SEP
AUGUST
• CMO reviews 3 rd QTR BP / budget
• Proposed budget presented to City Council
• Budget town hall meetings conducted with residents
NOV
AUG
JULY
• 3 rd QTR BP / budget compiled
• CMO & OMB finalize proposed budget
• Certified property tax roll received from Tarrant Appraisal District
DEC
JUL
JAN
JUN
FEB
MAY
MAR
APR
FEBRUARY
• 1 st QTR BP / budget reviewed by CMO
JUNE
• CMO reviews budget & BP
• Modifications & proposals reviewed & prioritized
• Proposed budget discussion with CMO
MARCH
• Both the Comprehensive Annual and Popular Annual Financial Reports completed , approved by City Council , and submitted to GFOA
• OS updated
• City Council strategic planning session
APRIL
• 2 nd QTR BP / budget compiled
• Potential bond issuance
• Rating agency review / OS update
MAY
• Budget kick off
• CMO reviews 2 nd QTR BP / budget
• Department BP & budget modifications / proposals due for next year
• Preliminary revenue for upcoming fiscal year determined
AFR Reporting Strategic Planning Budget Development
TERMS BP Business Plan | CMO City Manager ’ s Office | GFOA Government Finance Officers Association OMB Office of Management and Budget | OS Official Statement | QTR Quarter
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