Improvements Made to Online Debt Reporting System
Plans are currently underway to revamp the online system that local agencies use to meet their mandated annual debt reporting requirements. The California Debt and Advisory Commission (CDIAC) issued a notice outlining the planned system changes and report modifications. The notice also includes an estimated timeline of project completion and information on various training opportunities.
The system was originally launched in October 2017, pursuant to Senate Bill 1029 (Hertzberg, 2016), which requires state and local government debt issuers to report to CDIAC information about proposed and outstanding debt. Based upon the reports submitted, data collected, and experience of data submitters in the inaugural reporting cycle, CDIAC formulated plans to enhance the database architecture and submittal process to improve data validity and the submittal experience.
CDIAC is hosting two webinars to walk local agencies through the system changes and demonstrate mock filings for a variety of debt types and issuance scenarios. These webinars will take place on Friday October 26 at 10 a.m. and Thursday November 1 at 10 a.m. Counties can register for the webinars online.