The image is a circular diagram titled "CDBG Annual Cycle," illustrating the annual process. At the center, the title is encased within the circle. This circle is divided into five colored segments, each representing a phase of the cycle. Starting from the top and moving clockwise, the segments are labeled: "Applications Available" in blue, "Public Input" in teal, "Deadline for Applications" in orange, "Annual Funding Plan Approved" in green, and "Funds Released Notices to Proceed Issued" in lime. Surrounding the central circle are corresponding labels with additional details: "Applications Available - September," "Public Input - January," "Deadline for Applications, Projects Reviewed and Priorities Determined - January," "Annual funding plan approved - April / May," "Funds Released and Notices to Proceed Issued - June / August," and "Project Performance Reported for Previous Fiscal Year - September." The segments are separated by white lines, and the entire cycle runs in a circular progression indicating the continuous nature of the process.