The chart below represents the number of days between a city's fiscal year-end and the date it publishes its Annual Comprehensive Financial Report for the five largest U.S. cities. Timely financial information is critical for city decision-making, including budgeting. The Government Finance Officers Association recommends that cities issue annual reports within 180 days of year-end, but Truth in Accounting advocates issuing them within 100 days. For comparison, most corporations report within 45 days. While cities face internal challenges, faster reporting ensures citizens and legislators have the information needed to make informed decisions on budgets, policies, and voting.