Where did GASB decide SEA data should be reported?

GASB (Governmental Accounting Standards Board) established guidance regarding the reporting of Service Efforts and Accomplishments (SEA) data to enhance the accountability and transparency of governmental entities. The correct reporting location for SEA data is in the required supplementary information (RSI) section of a comprehensive annual financial report (CAFR). This section is designated for information that can provide context to the financial statements and is deemed essential for a comprehensive understanding of a government's financial condition and performance.

Reporting SEA data in the required supplementary information allows stakeholders such as citizens, investors, and policymakers to assess how effectively a government is using its resources to achieve its goals and objectives. The placement of SEA data in this section ensures that it is not only included but also emphasized as an essential part of the reporting framework, thus highlighting its significance in measuring performance alongside financial information.

Other options like the notes to the financial statements or the statistical section do not align with GASB's guidance for SEA data. The notes typically provide additional details and clarifications directly related to the financial statements, while the statistical section often includes historical data and trend information but is not the designated place for SEA performance data.