Government Financial Reporting

Government financial reporting is the process by which governmental entities, such as cities or states, communicate their financial status to the public. This includes details on revenues, expenditures, and overall financial health. Such reports help citizens understand how tax dollars are spent and ensure accountability and transparency in government operations. Typically, these reports include budgets, financial statements, and performance indicators, providing insights into fiscal management and resource allocation. This information is essential for informed public discussion and decision-making regarding government programs and policies.