For city finance wonks, Christmas comes twice a year: once in August when
the city budget is set and again in February when the city financial audit is
published. The budget specifies the city's cash flow (its planned revenues and
expenses). The financial audit details the city's assets (the value of city
property, bank accounts, etc.) and its liabilities (outstanding debt, pension
obligations, etc.).
For some reason, Christmas is coming late this year. The Annual
Comprehensive Financial Report (ACFR) for fiscal 2022 is being published in
July, not February as before. I'm sure there's a good explanation, but I don't
know what it is. Fire??? The public will see it when it's presented at the July 17 City Council meeting.