In today’s age of information, local governments are facing an unforeseen need to produce and maintain quality documentation. From lawyers to average citizens, public records laws have enabled just about anyone to file requests to view a local government’s records. Consequently, some governments are feeling overwhelmed by the high demand for information, and they’re unsure where to turn for help.
As a starting point, taking full advantage of technology to help deliver various types of information and educate a constituency can reduce staff demands, saving considerable tax dollars. Additionally, the Auditor of State’s Ohio Performance Team (OPT) has made several recommendations related to common government documents that not only increase transparency, but offer opportunities to make better management decisions as well.
With an increased demand for information related to government spending, many local governments are finding that documents like a Popular Annual Financial Report (PAFR) are extremely valuable.
A PAFR is an easily-understandable summary of government spending that can help answer many common questions related to operating costs. The Ohio Treasurer also offers local governments the opportunity to put their spending online through OhioCheckbook.com.
(GAAP) standards, but the level of detail they report varies. Using a Comprehensive Annual Financial Report (CAFR) can increase the level of detail and the overall understanding of a local government’s financial position.
Read more below about how good reporting quality is helping local governments in Ohio educate citizens and make better decisions.