On December 5, 2018, the Data Foundation and Workiva (NYSE:WK) released the report, Transparent State and Local Financial Reporting: The Case for an Open Data CAFR, which recommends that state and local governments publish Comprehensive Annual Financial Reports (CAFR) as open data.
Today the Data Foundation and MorganFranklin Consulting released Transforming Federal Grant Reporting: Current Challenge, Future Vision. The report reviews technical and cultural challenges facing grant management communities in the context of data quality improvements in the federal government and presents potential solutions.
The Data Foundation is excited to announce the support of Bloomberg, the Global Legal Entity Identifier Foundation (GLEIF), and REI Systems as of March 2018. Steve Meizanis, Bloomberg’s Global Head of Entity Content Management, and Stephan Wolf, CEO of the GLEIF, will be nominated to the Data Foundation’s Board of Directors on May 10, 2018.
The report outlines the need for the U.S. government to adopt a universal method of entity identification in order to verify companies, nonprofits, and other organizations using a single, common unique identifier. More than 15 government, private sector, and tech experts were interviewed for this report.
Data Foundation in the News
State and local governments could improve transparency and help lower borrowing costs for public projects by publishing their comprehensive annual financial reports as open data, according to a new report from Ames-based Workiva and the Data Foundation, an industry-focused open data research organization.
Over 50 federal employees across four teams are working to develop data definitions and strategies for government that will promote transparency and effective uses of the vast stores of information federal agencies produce every day, Suzette Kent said at an Oct. 10 Data Foundation event.
[Via Federal Times]
“We almost are paralyzed by ... data we can’t access and use,” Margaret Weichert, deputy director for management at the Office of Management and Budget and acting director of the Office of Personnel Management, said Wednesday. “It gets my blood boiling to think we have all this data. We should be able to do more with it.”
Weichert—whose day job remains deputy director of management at the Office of Management and Budget—said she told the 6,000 staffers at OPM on Tuesday that they are “facing a lot of change.” Weichert was speaking to open-data industry enthusiasts at a conference put on by the nonprofit Data Foundation.
[Via Government Executive]
When state and local agencies open their financial data, benefits accrue not just to citizens who can keep tabs on local spending, but also to governments themselves. Open financial data would mean a transition from documents that are read with the human eye to machine-readable information in an open data format, Ritz said at an Oct. 10 event hosted by The Data Foundation.