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The Modern CAFR

In August 2018, Workiva revealed its work with XBRL US and XBRL US members in the effort to advance data modernization for Comprehensive Annual Financial Reports (CAFRs) by state and local governments. With the release of the CAFR Demonstration Taxonomy (v0.5) on Jan. 17, 2019, several sample filings were created in Wdesk, the cloud reporting platform from Workiva. See examples of how XBRL® standard is transforming government reporting below.

State of Georgia 2017 CAFR

State of Georgia CAFR 2017

Sample from the publicly available CAFR that demonstrates the potential for disclosure modernization.

Open in the Workiva iXBRL™ viewer

State of Utah 2017 CAFR

State of Utah CAFR 2017

Sample from the publicly available CAFR that demonstrates the potential for disclosure modernization.

Open in the Workiva iXBRL™ viewer

City of Oakland, California 2018 CAFR

City of Oakland California CAFR 2018

Sample from the publicly available CAFR that demonstrates the potential for disclosure modernization.

Open in the Workiva iXBRL™ viewer

By using the Workiva iXBRL viewer, you agree to be bound by these Terms of Use. The content of the viewer ("Content") is an example of an iXBRL document and is provided for technical demonstration purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The Content is only a portion of a complete document, and you should contact the specific governmental entity or Municipal Securities Rulemaking Board listed in the Content (or refer to such entity's website) for the complete document. The Content does not constitute an endorsement, approval, recommendation, or sponsorship by any such entity. XBRL® and iXBRL are trademarks of XBRL International, Inc. All rights reserved. The XBRL® standards are open and freely licensed by way of the XBRL International License Agreement.

Related Resources

State and local governments are beginning to see the benefits of open data for financial reporting. Explore more XBRL and open data initiatives with the following resources. Stay on top of the possibilities with Workiva and learn how to get invovled with the Disclosure Modernization Working Group.

Transparent State and Local Financial Reporting: The Case for an Open Data CAFR

Read report

The Four Letters Transforming the Municipal Bond Market and Government Finance

Read article

Unleashing the Power of Financial Data in State and Local Governments

Read white paper

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