Okaloosa County Finance Department

Find Okaloosa County Florida finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.


Fort Walton Beach Finance Department 1404 Miracle Strip Pkwy SE Fort Walton Beach FL 32548 850-609-5026


Okaloosa County Finance Department 101 East James Lee Boulevard Crestview FL 32536 850-689-5989

Okaloosa County Finance Department 1415 Charlie Day Rd Baker FL 32531 850-689-5780

Finance Departments by City

What happens to unspent funds or unanticipated revenues?

As a general rule, these funds are added to the entity's Fund Balance at the end of the fiscal year. The Fund Balance is the organization's reserve and may be referred to colloquially as a "rainy day" fund. In some cases, the entity's legislative body may direct the funds toward an unmet need, such as a capital improvement project.

What are general obligation bonds?

General obligation bonds are bonds issued by a state, county, or local government that are backed by that entity's full faith and credit. This means that the government has guaranteed that it will generate tax revenues in order to pay back the bonds. General obligation bonds are commonly used for schools, roads, and other public improvements, and they are usually exempt from state and local taxes.

What is a Comprehensive Annual Financial Report?

A Comprehensive Annual Financial Report (CAFR) is a document prepared by a governmental entity that includes its audited financial statements and additional financial and operational information about the organization. The CAFR meets standards set by the Governmental Accounting Standards Board.