Tallassee Finance Department

Find Tallassee Alabama finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.


Auburn City Finance Department 144 Tichenor Ave Auburn AL 36830 24.5 miles from Tallassee 334-501-7220


Alabama State Finance Department 425 South Union Street Montgomery AL 36104 26.2 miles from Tallassee 334-353-0371

Columbus Finance Department 100 10th St Columbus GA 31901 52.7 miles from Tallassee 706-653-4087

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About Finance Departments

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.