Municipal

News Item

XBRL US issues third CAFR Taxonomy

XBRL US has released for public review the third version of the demonstration Comprehensive Annual Financial Reporting (CAFR) Taxonomy. The CAFR Taxonomy demonstrates how comparable data standards are applicable to municipal government annual reports. The third version of the Taxonomy expands on the previous two versions to include seven financial statements, two footnotes, and two schedules from the […]

News Item

CAFRDisclosureMunicipal

The time has come for Municipal XBRL

By Editor

In 2005 the US Government Finance Officers Association (GFOA) recommended governments monitor the development of standardised electronic reporting, and to apply it when it became appropriate. Since then, financial regulators around the world have harnessed a myriad of benefits by migrating to XBRL for corporate reporting. The same evolution, however, has not been extended to […]

News Item

DataMunicipalUS

Reason Foundation advocates for Open Data

By Editor

Municipal governments and US states are sitting on large amounts of potentially useful data – but with disparate software systems leading to proliferating databases and a lack of machine-readable data, it’s currently difficult to analyse. The Reason Foundation is advocating for local governments to make the most of their extensive data sources by implementing Open, […]

News Item

DataGREAT ActMunicipalReportingXBRL

A GREAT Step Forward for Transparency

By Editor

Recently Marc Joffe outlined the significant opportunities presented by the newly passed GREAT Act – and highlighted some steps already taken along the path to its realisation. At the start of 2020 the US Congress passed the “Grant Reporting Efficiency and Agreements Transparency”, or GREAT, Act. The GREAT Act presents a significant opportunity to increase […]

News Item

conferenceDisclosureMunicipalSEC

SEC Announces Conference on Municipal Securities Disclosure

By Editor

The US Securities and Exchange Commission (SEC) has announced a conference to be held on March 10 focusing on municipal securities disclosure practices. The conference, Spotlight on Transparency: A Discussion of Secondary Market Municipal Securities Disclosure Practices, aims to bring together both issuers and users of municipal disclosures to discuss emerging trends, problems, achievements and voluntary […]

News Item

MunicipalReportingUS

Who Comes Out on Top? California’s Cities Ranked for Fiscal Responsibility

By Editor

A new financial health dashboard tool launched by the California State Auditor allows the public to compare the finances of 471 cities within California. The hope is that this dashboard can help provide the kind of oversight needed to identify cities at risk of filing for bankruptcy or defaulting on municipal bonds. The dashboard found […]

News Item

CAFRMunicipalReportingStructured Data

Can Standardisation Help Local Governments Save Money?

By Editor

In 2018 Florida passed a bill that could require local governments to submit financial data in machine-readable format. California has recently followed suit, and the second version of the Demonstration Comprehensive Annual Financial Report (CAFR) Taxonomy, currently out for review, will also aid the process. But what benefits would standardisation bring? Beyond abstract accolades of increased transparency, […]

News Item

FTAMunicipalReportingUS

Financial Transparency Act Introduced in Congress

By Editor

The Financial Transparency Act (FTA) was reintroduced into US Congress this week, potentially paving the way for a significant advance in data standards that would benefit the business community and regulators alike. The bipartisan bill, which has long been supported by the Data Coalition, and our colleagues at XBRL US, aims to introduce a number of […]

News Item

Data AmplifiedMunicipalStandardsUS

Hear Why Local Government Reporting Needs Reform

By Editor

At next month’s Data Amplified conference, hear from Marc Joffe, the leading advocate for the modernisation of local government reporting in the United States. Hear how the use of structured data will improve decision making within government and the credit rating process, leading to improved bond programs for funding infrastructure in that country. With an […]

News Item

CAFRMunicipalReportingUS

XBRL US Release CAFR Taxonomy for Municipal Reporting

By Editor

Last week we reported that California have voted to test machine-readable reporting, passing Bill 598, which calls for a commission to build a test taxonomy and make recommendations on moving local reporting to a machine-readable format. The task of developing a test taxonomy will be greatly simplified by the work of the XBRL US State and […]

Items tagged with "Municipal"

XBRL US issues third CAFR Taxonomy

The time has come for Municipal XBRL

Reason Foundation advocates for Open Data

A GREAT Step Forward for Transparency

SEC Announces Conference on Municipal Securities Disclosure

Who Comes Out on Top? California’s Cities Ranked for Fiscal Responsibility

Can Standardisation Help Local Governments Save Money?

Financial Transparency Act Introduced in Congress

Hear Why Local Government Reporting Needs Reform

XBRL US Release CAFR Taxonomy for Municipal Reporting

Tags

Municipal

Items tagged with "Municipal"

Tags

Would you liketo learn more?

Would you like
to learn more?