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.