Developing a Government Reporting Taxonomy

61 Pages Posted: 2 Aug 2014 Last revised: 9 Jan 2023

See all articles by Neal M. Snow

Neal M. Snow

Independent Researcher

Jacqueline Reck

University of South Florida - College of Business Administration

Date Written: November 1, 2015


The municipal bond market is a $2.8 trillion market of which approximately 70 percent is held by private investors (SEC 2010). Municipal bondholders and potential buyers do not have the same level of information as those investors choosing to invest in public companies. In part this inequity is the result of poor data accessibility. Frequently the data provided is in a format that does not allow easy comparison across governments or over time. To increase comparability and consistency in government reporting we build a government reporting taxonomy using over 700 comprehensive annual financial reports (CAFR) statements. The completed taxonomy has 194 terms that cover all financial statements filed by municipalities. This study has implications for the municipal reporting market and those entities that regulate them by providing a validated municipal government reporting taxonomy.

Keywords: Taxonomy, government reporting, government financial statements, creditors

JEL Classification: M4, M41, E62, H71, H77

Suggested Citation

Snow, Neal M and Reck, Jacqueline, Developing a Government Reporting Taxonomy (November 1, 2015). Journal of Information Systems, 30(2), 49-81., Available at SSRN: or

Neal M Snow (Contact Author)

Independent Researcher ( email )

Emmaus, PA 18049
United States
484-935-3476 (Phone)

Jacqueline Reck

University of South Florida - College of Business Administration ( email )

4202 E. Fowler Avenue, BSN 3403
Tampa, FL 33620-5500
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics