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Division Director

Paul Whitfield

Assistant Director

Mark Merry


Accounting and Auditing
200 East Gaines Street
Tallahassee, FL 32399-0318

(850) 413-5510
Image of the Florida Open Financial Statement System Project tile.

 

Florida Open Financial Statement System Project

During the 2018 Legislative Session, changes were made to Section 218.32, Florida Statutes which will affect local government financial reporting. The changes which are effective July 1, 2018 require the Chief Financial Officer to create an interactive repository of financial statement information, called the Florida Open Financial Statement System. This system must have standardized taxonomies for state, county, municipal, and special district financial filings.

For fiscal years ending on or after September 1, 2022, local governments are to report financial data required by Section 218.32, Florida Statutes using extensible business reporting language (XBRL).


Timelines Established by Law

  • July 1, 2018 – Law is effective; CFO’s office can recruit and select contractors to develop the taxonomies and Florida Open Financial Statement System

  • December 31, 2021 – all work products to develop the taxonomy and the Florida Open Financial State System must be completed

  • Fiscal Years ending after September 1, 2022 – Local governments must begin filing in the Florida Open Financial Statement System