Page 59 - CityofArlingtonFY26AdoptedBudget

Business Plan

Preserve Financial Stability and Resilience

Ensure Responsible Fiscal Management
Project Performance Measure(s) Department(s)
DebtBook Implementation – • Annual Comprehensive Financial Report with Finance
Technology Improvement “Clean Opinion”
• GFOA Certificate for Excellence – Accounting
• Maintain existing bond ratings

Summary: Estimated Actual
DebtBook is a web-based tool for local governments Milestone Completion Completed
to effectively manage Governmental Accounting Kickoff 09/30/2025
Standards Board statements (GASB) 87 and GASB Implementation/Testing 12/31/2025
96, lease and Subscription-Based Information Post Implementation 03/31/2026
Technology Arrangements (SBITAs), and debt Process Review
tracking.

Preserve Financial Stability and Resilience
Ensure Responsible Fiscal Management

Project Performance Measure(s) Department(s)
Enhancing Subrecipient Training & Training Development and Compliance Grants Management
Grant Management Efficiency

Summary: Milestone Target Date Status
This project will focus on improving training
programs and operational efficiency for Develop standardized 1st Qtr. FY 2026
subrecipients managing United States Department training modules
of Housing and Urban Development (HUD) Conduct two quarterly 2nd Qtr. FY 2026
Community Planning and Development (CPD) workshops and technical
grants. By providing comprehensive training assistance sessions
sessions, subrecipients will be equipped with the Conduct two quarterly 3rd Qtr. FY 2026
knowledge and tools needed for effective grant workshop and technical
administration, compliance, and reporting. assistance session
Improve audit compliance 4th Qtr. FY 2026
By strengthening subrecipient training and rates by 50%
operational efficiency, the City will improve the
impact and sustainability of HUD-funded projects,
ensuring timely execution, financial accountability,
and optimal community benefits.

FY 2026 Proposed Budget and Business Plan 53 City of Arlington, Texas