First European standardised financial report and 10 financial health KPIs for City Governments published – A unique achievement reached by six major European cities
The European City Economic and Financial Governance (CEFG) Group
proudly announces the publication of its Standardised financial report and 10 financial health KPIs for City Governments in Europe
as first tangible output of their cooperation. It is the first time in Europe that cities have embarked on the challenging undertaking to produce a joint financial balance sheet in view of harmonising their accounting practices and reliably comparing their financial performance. This is a timely initiative against the background of sometimes highly fragmented public sector financial and accounting practices within the European Union and even within the individual Member States.
See the press release
for full information.