IVGID: OpenGov partnership offers ‘unprecedented’ financial access
June 17, 2015
INCLINE VILLAGE, Nev. — In its ongoing crusade to offer better accessibility and transparency into governmental affairs, IVGID has unveiled a new platform for publishing its financial operations.
The "financial analysis" platform, powered by Silicon Valley developer OpenGov, will provide residents with "unprecedented access to the district's finances," according to an IVGID statement.
IVGID, one of more than 300 governments nationwide using OpenGov, launched the site June 12 at inclinevillagegidnv.opengov.com.
Founded in 2012 by Zac Bookman, OpenGov describes itself as a company offering web-based financial visualization software for state and local governments, according to its mission statement.
IVGID Board of Trustees Treasurer Kendra Wong described the partnership as a "milestone in financial transparency," in a released statement.
OpenGov operates on an engine that displays financial data, including governmental revenues and expenditures by fund, department and type of account.
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Users can access that information through interactive graphs and tables, as well as download and share the data through email and social media.
"We've found some tools that can help us be more clear and transparent, one being this financial transparency platform," said IVGID spokeswoman Kayla Anderson.
Navigating through some of IVGID's new tools, users will find graphs illustrating answers to frequently asked questions like, "Overall what are the District's year-to-date Revenues and Expenses?" or "What is Diamond Peak EBITDA (Earnings Before Interest, Taxes and Amortization) excluding the Facility Fee?"
Clicking on any one of these links generates a large interactive graph or chart, depending on the question.
The illustrations break down the data and allow users to view historical revenue and expenditure trends over time, view different types of budgeted data (funds, venues and expenses, etc.), track year-to-date revenue and expenses and view how venues operate to budget.
"It's easier to understand than what we had before," Anderson said. "It's easier for people to get a hold of, internalize and navigate."
IVGID General Manager Steven Pinkerton said tools for researching the district's finances was already available; however, the OpenGov partnership makes it easier for the public to access the information as soon as they want to.
"For us, it cuts out the middle man," Pinkerton said Tuesday. "There is a segment of the public that looks for this kind of thing. It makes it easier for them to do the research."
The partnership will cost the district approximately $5,000 per year, Pinkerton said, drawn from the general administration account.
As long as the service continues to be relevant and useful, it appears IVGID will continue to utilize it.
"We'll assess it each year," Pinkerton said.