Government agency representatives, municipal analysts and investors, software providers, and other users of state and local government data are invited to review and comment on the data standards developed to represent sections of the Annual Comprehensive Financial Report. This is Version 0.3 of the Demonstration Release, which builds on the previous Demonstration Release and now […more]
Government agency representatives, municipal analysts and investors, software providers, and other users of state and local government data are invited to review and comment on the data standards developed to represent sections of the Annual Comprehensive Financial Report (ACFR). This is a Demonstration Release Version 0.2, developed to illustrate how data standards can be created […more]
Illinois-based College of DuPageleads move to electronic financial reporting for Illinois community colleges Register for the free webinar.
Most U.S. government data agencies today do not require data standards for information reported by businesses, grantees, or state and local governments. Agencies could easily transition to data standards programs, with gains for all stakeholders: reporting entities would eliminate duplicate data preparation, and enjoy low costs from competitively priced preparation tools government agencies would experience […more]
SEC Chairman Jay Clayton and the SEC Director of the Office of Municipal Securities Rebecca Olsen, published a joint public statement on The Importance of Disclosure for our Municipal Markets, with a subheading “The Effects of COVID-19 Have Raised Uncertainties Regarding the Financial Status of State and Local Governments and Special Purpose Entities; Municipal Securities […more]
Comment on this Demonstration Release through May 8, 2020 Standard Government Working Group is soliciting feedback on the Comprehensive Annual Financial Report Taxonomy (CAFR) 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? […more]
On September 10, 2019, California Senate Bill 598 was presented in the California Assembly and passed with a vote of 64-0. SB 598 calls for the enactment of the Open Financial Statements Act, which would establish the Open Financial Statement Commission, a 9-member commission in the Treasurer’s office. The commission will be tasked with contracting […more]
Hear public sector and financial data standards experts discuss how standardizing reported data can improve the efficiency of disclosures by U.S. state and local governments.
Seating at this complimentary event is limited and advanced registration is required.
Marc Joffe, Senior Research Analyst at the Reason Foundation, and Chair, XBRL US State & Local Government Working Group, authored an article published by the Sunlight Foundation, where he noted: “In May, the California State Senate passed SB 598, the Open Financial Statements Act. The vote was an important milestone on the way toward opening up […more]
The national consortium for
the business reporting standard
