Rochester Hills, Michigan- The city was recently applauded for their transparency efforts, having released a brand new, resident-friendly Comprehensive Annual Financial Report (CAFR) that focuses on providing a clearer picture of the city’s financial status. The CAFR is meant to give citizens a better understanding of their local government's finances, although in its previous format it had the opposite effect. In an effort to shift the paradigm, the Government Finance Officers Association … [Read more...]