Española Finance Department

Find Española New Mexico finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Espanola Finance Department 405 North Paseo De Onate Española NM 87532 505-747-6024

Santa Fe County Finance Department 142 West Palace Avenue Santa Fe NM 87501 22.9 miles from Española 505-986-6375

Taos County Finance Department 105 Albright Street Taos NM 87571 38.5 miles from Española 575-737-6337

San Miguel County Finance Department 500 West National Avenue Las Vegas NM 87701 54.8 miles from Española 505-425-6516

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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.