published Jun '18
Stephanie Leiser, Center for Local, State, and Urban Policy (CLOSUP), University of Michigan
Rationale:
At least one-third of the 90,000 state and local governments produce annual comprehensive financial reports (ACFRs). Due to the lack of standardization and machine-readability of these reports, the process of aggregating data and comparing financial performance of governmental entities is limited and costly. The Working Group will address this problem by designing schemas and XBRL implementation(s) for open data reporting of state and local government actual financial results.
Scope:
The group will pursue opportunities involving Annual Comprehensive Financial Reports (ACFRs), Single Audit packages, state-mandated Annual Financial Reports (AFRs), and responses to relevant Census Bureau financial surveys. The group will support relevant institutions gaining technical understanding and establishing best practices for disclosure modernization for the benefit of US state and local governments, as well as public pension systems.
Get Involved:
This group meets on the fourth Tuesday of each month at 12:30 PM ET - email info@xbrl.us to learn more, attend the next meeting and join this group.
Members of this XBRL US Working Group have the following skillsets:
- Technical expertise related to taxonomy development and creation of inline XBRL instance documents
- Knowledge of US State and Local Government Accounting Standards
- Familiarity with fiscal health indicators used by practitioners and academics to assess US state and local governments
- Ability to identify similar or related work that is being done in other Working Groups or by other organizations
Sponsoring members of the Working Group have logos listed in the box to the right on this page. Observers to the Working Group include NASACT (the National Association of State Auditors, Comptrollers and Treasurers) and the U.S. Census, among other organizations.
Working group members are involved in taxonomy development and review, instance document preparation, identifying and engaging subject matter experts in government accounting and reporting; and building awareness among state agencies and legislators. Learn how you can become a contributing member of the group to influence the standards developed by emailing info@xbrl.us.
