Members of the XBRL US State & Local Government Disclosure Modernization Working Group authored the article “Building Momentum, Preparing for XBRL in Government” which appeared in the Spring 2019 edition of the Association of Government Accountants (AGA) Journal of Government Financial Management. From the article: XBRL, or eXtensible Business Reporting Language, provides advanced search capabilities with […more]
Items tagged with "State and Local"
In March 2018, the state of Florida passed HB 1073, legislation requiring the use of XBRL for municipal financial reporting. On April 1, the Request for Proposal was issued. Read the RFP.
The State and Local Government Disclosure Modernization Working Group is soliciting feedback on the Comprehensive Annual Financial Report Taxonomy (CAFR) Demonstration Release during a 60-day public review period that ends March 18, 2019.
Government representatives, investors, analysts, and software providers invited to review XBRL US announced today that it has published a Demonstration Release Taxonomy representing selected portions of the Comprehensive Annual Financial Report (CAFR) used by state and local governments to report financial data. The taxonomy was developed by the XBRL US State and Local Government Disclosure […more]
The VIRGINIA LOCALITIES FISCAL PERFORMANCE REPORT – JANUARY 2019 analyzes the fiscal health of Virginia municipalities and recommends that CAFRs be produced using financial data standards such as Inline XBRL. This report was prepared by XBRL US members, Yossef Newman, Professor of Business and Accounting at Touro College, Marc Joffe, Senior Policy Analyst at Reason […more]
XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.
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 Consolidated Annual Financial Report (CAFR). This is a revised Demonstration Release (Version 0.2), to illustrate how data standards can be created […more]
Barnet Sherman of Neighborly authors “The Four Letters Transforming the Municipal Bond Market and Government Financing” in Forbes on XBRL for municipal reporting. Read the article.
XBRL US submitted a comment letter to the Securities and Exchange Commission (SEC) related to their December 6, 2018 conference, The Road Ahead: Municipal Securities Disclosures in an Evolving Market. Our letter explained the work of the XBRL US State & Local Working Group to develop financial data standards for municipal reporting and urged the […more]