What must debt obligation reports detail?

Debt obligation reports must detail issued debt specifics because they play a critical role in informing stakeholders about a municipality's current financial commitments. These reports typically include information such as the amount of debt issued, the type of debt (e.g., bonds or loans), interest rates, repayment schedules, and any covenants or conditions associated with the debt.

Providing details on issued debt is essential for transparency and management of public funds, allowing residents, investors, and regulatory bodies to assess the financial health and creditworthiness of the municipality. Understanding the obligations that a municipality has incurred helps in evaluating its fiscal policies and financial stability, which are vital for effective governance and planning.

The other options, while relevant to broader financial planning and operations, do not specifically pertain to the precise details of outstanding debt obligations.