No subject
Sun Mar 31 09:34:23 UTC 2013
this and xbrl format seems to be successfully used by private companies. I
have to add that that info is not public (no Freedom of Information Law in
Spain yet), although you can request it at a Registry and obtain it for an
expensive fee .
But is there any data or evidence that local governments are using it to
submit their reports, or have they just been encouraged? Do you know
whether using this format in other countries implies that reports will be
accessible to the general public? Can you help me find this info?
Thanks a lot,
Concha Catalan
--
Visita mi blog: http://barcelonalittleshell.blogspot.com.es/
Visita opengov.cat <http://opengov.cat>
Message: 3
Date: Wed, 4 Sep 2013 08:50:33 -0700
From: "Marc Joffe" <marc at publicsectorcredit.org
<mailto:marc at publicsectorcredit.org> >
Subject: [OpenSpending] XBRL for Local Government Financial Reporting
To: "'OpenSpending Discussion List'" <openspending at lists.okfn.org
<mailto:openspending at lists.okfn.org> >
Message-ID: <016c01cea986$7d906550$78b12ff0$@publicsectorcredit.org
<http://publicsectorcredit.org> >
Content-Type: text/plain; charset="us-ascii"
A financial industry opinion site carries my case for using XBRL (eXtensible
Business Reporting Language) in the US municipal bond market. European
readers may be interested in the example of Spain using XBRL for its local
government financial reporting.
http://tabbforum.com/opinions/the-case-for-muni-xbrl-bringing-municipal-fina
<http://tabbforum.com/opinions/the-case-for-muni-xbrl-bringing-municipal-fin
ancial-disclosure-into-the-21st-century>
ncial-disclosure-into-the-21st-century
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<o:shapelayout v:ext=3D"edit">
<o:idmap v:ext=3D"edit" data=3D"1" />
</o:shapelayout></xml><![endif]--></head><body lang=3DEN-US link=3Dblue =
vlink=3Dpurple><div class=3DWordSection1><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'>Concha<o:p></o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'><o:p> </o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'>Thanks for these questions. <o:p></o:p></span></p><p =
class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'><o:p> </o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'>Like PDFs, XBRL files can either be published or kept =
confidential. The use of XBRL by itself is not a guarantee of =
transparency. However, a publicly available machine readable file =
is better than a publicly available PDF, since it is easier to =
process. In the world of machine readable files, I see XBRL as =
better than CSV because XBRL tags allow for more complete =
self-documentation of the data, especially if it the data is =
complex.<o:p></o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'><o:p> </o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'>I don’t know how many Spanish cities actually file in XBRL =
format. I thought the fact that they had a fairly well developed =
site (at </span><a =
href=3D"http://www.e-local.es/index.html">http://www.e-local.es/index.htm=
l</a><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'> ) indicated a substantial investment and perhaps substantial =
compliance. On the other hand, I am not seeing recent =
updates.<o:p></o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'><o:p> </o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'>I see some Spanish local government statistics here: </span><a =
href=3D"http://www.minhap.gob.es/EN-GB/ESTADISTICA%20E%20INFORMES/Paginas=
/estadisticaseinformes.aspx">http://www.minhap.gob.es/EN-GB/ESTADISTICA%2=
0E%20INFORMES/Paginas/estadisticaseinformes.aspx</a><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'>. Have you see this before?<o:p></o:p></span></p><p =
class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'><o:p> </o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'>Regards,<o:p></o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'>Marc<o:p></o:p></span></p><p class=3DMsoNormal><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497=
D'><o:p> </o:p></span></p><p class=3DMsoNormal><b><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif"'>From:</span=
></b><span =
style=3D'font-size:11.0pt;font-family:"Calibri","sans-serif"'> =
openspending-bounces at lists.okfn.org =
[mailto:openspending-bounces at lists.okfn.org] <b>On Behalf Of =
</b>Conchita Catalan<br><b>Sent:</b> Wednesday, September 04, 2013 3:38 =
PM<br><b>To:</b> openspending at lists.okfn.org<br><b>Subject:</b> =
[OpenSpending] XBRL for Local Government Financial =
Reporting<o:p></o:p></span></p><p =
class=3DMsoNormal><o:p> </o:p></p><div><p class=3DMsoNormal>Hello =
Marc, <o:p></o:p></p><div><p class=3DMsoNormal>Thank you for =
sending the article. It says <o:p></o:p></p></div><div><p =
class=3DMsoNormal><o:p> </o:p></p></div><div><p =
class=3DMsoNormal><span =
style=3D'font-size:11.5pt;font-family:"Cambria","serif";color:black'>&quo=
t;In Spain, the </span><a href=3D"http://www.e-local.es/index.html" =
target=3D"_blank"><b><span =
style=3D'font-size:11.5pt;font-family:"Cambria","serif";color:#32698B;tex=
t-decoration:none'>local government ministry =
encourages</span></b></a><span =
style=3D'font-size:11.5pt;font-family:"Cambria","serif";color:black'>&nbs=
p;more than </span><a =
href=3D"http://hitachidatainteractive.com/2011/02/09/xbrl-developments-in=
-spain-2011/" target=3D"_blank"><b><span =
style=3D'font-size:11.5pt;font-family:"Cambria","serif";color:#32698B;tex=
t-decoration:none'>16,000 municipalities and =
agencies</span></b></a><span =
style=3D'font-size:11.5pt;font-family:"Cambria","serif";color:black'>&nbs=
p;to submit required budget reports in XBRL =
format. "</span><o:p></o:p></p></div><div><p =
class=3DMsoNormal><o:p> </o:p></p></div><div><p =
class=3DMsoNormal><span =
style=3D'font-size:11.5pt;font-family:"Cambria","serif";color:black'>From=
a journalist's point of view, I've been trying to find more info about =
this and xbrl format seems to be successfully used by private companies. =
I have to add that that info is not public (no Freedom of Information =
Law in Spain yet), although you can request it at a Registry and obtain =
it for an expensive fee . </span><o:p></o:p></p></div><div><p =
class=3DMsoNormal><o:p> </o:p></p></div><div><p =
class=3DMsoNormal><span =
style=3D'font-size:11.5pt;font-family:"Cambria","serif";color:black'>But =
is there any data or evidence that local governments are using it to =
submit their reports, or have they just been encouraged? Do you =
know whether using this format in other countries implies that reports =
will be accessible to the general public? Can you help me find this =
info?</span><o:p></o:p></p></div><div><p =
class=3DMsoNormal><o:p> </o:p></p></div><div><p =
class=3DMsoNormal><span =
style=3D'font-size:11.5pt;font-family:"Cambria","serif";color:black'>Than=
ks a lot, </span><o:p></o:p></p></div><div><p =
class=3DMsoNormal><span =
style=3D'font-size:11.5pt;font-family:"Cambria","serif";color:black'>Conc=
ha Catalan </span><o:p></o:p></p></div><div><p =
class=3DMsoNormal><br>-- <br>Visita mi blog: <a =
href=3D"http://barcelonalittleshell.blogspot.com.es/" =
target=3D"_blank">http://barcelonalittleshell.blogspot.com.es/</a><o:p></=
o:p></p></div><div><p class=3DMsoNormal>Visita <a =
href=3D"http://opengov.cat">opengov.cat</a><o:p></o:p></p></div><div><p =
class=3DMsoNormal><o:p> </o:p></p></div><div><div><div><blockquote =
style=3D'border:none;border-left:solid #CCCCCC 1.0pt;padding:0in 0in 0in =
6.0pt;margin-left:4.8pt;margin-right:0in'><p =
class=3DMsoNormal><br>Message: 3<br>Date: Wed, 4 Sep 2013 08:50:33 =
-0700<br>From: "Marc Joffe" <<a =
href=3D"mailto:marc at publicsectorcredit.org">marc at publicsectorcredit.org</=
a>><br>Subject: [OpenSpending] XBRL for Local Government Financial =
Reporting<br>To: "'OpenSpending Discussion List'" <<a =
href=3D"mailto:openspending at lists.okfn.org">openspending at lists.okfn.org</=
a>><br>Message-ID: <016c01cea986$7d906550$78b12ff0$@<a =
href=3D"http://publicsectorcredit.org" =
target=3D"_blank">publicsectorcredit.org</a>><br>Content-Type: =
text/plain; charset=3D"us-ascii"<br><br>A financial industry =
opinion site carries my case for using XBRL (eXtensible<br>Business =
Reporting Language) in the US municipal bond market. European<br>readers =
may be interested in the example of Spain using XBRL for its =
local<br>government financial reporting.<br><br><br><br><a =
href=3D"http://tabbforum.com/opinions/the-case-for-muni-xbrl-bringing-mun=
icipal-financial-disclosure-into-the-21st-century" =
target=3D"_blank">http://tabbforum.com/opinions/the-case-for-muni-xbrl-br=
inging-municipal-fina<br>ncial-disclosure-into-the-21st-century</a><br><b=
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