Local Government

State and Local Government


In March 2018, Florida House of Representatives signed a legislation that mandates each state, county, municipal and special district to file their Annual financial reports in XBRL format for fiscal years ending on or after Sep 1, 2022. Following this legislation, a State and Local Government Disclosure Modernization working group was formed under XBRL US with a view to establish standards as issued by Governmental Accounting Standards Board and design taxonomy and to support technical understanding by the relevant organizations.


As an active contributor in the working group, with our Rainbow application, we processed the Comprehensive Annual Financial Report (CAFR) of the City of St. Petersburg in iXBRL using draft taxonomy and made it available on GitHub for other members of the group.