The University of Michigan’s Center for Local, State and Urban Policy (CLOSUP) is working with the XBRL US Standard Government Reporting Working Group (SGR) to modernize and digitize Michigan local government financial reporting, with the City of Flint as the first local government partner and pilot site.
The SGR is soliciting feedback on the Annual Comprehensive Financial Report Taxonomy (ACFR) Demonstration Release during a 60-day public review period.
Input is requested on:
- Definitions and references for the elements. Are the definitions accurate? Are references appropriate? Should revisions or modifications be made?
- Coverage. Are elements missing from these statements?
- General input. Is the taxonomy structured appropriately? Is the documentation provided helpful and understandable?
