04669 Finance Department

Find 04669 finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Bar Harbor Finance Department Ste I, 93 Cottage St Bar Harbor ME 04609 9.8 miles from 04669 207-288-5096

Brewer City Finance Department 80 North Main Street Brewer ME 04412 45.6 miles from 04669 207-989-8440

Bangor Finance Department 73 Harlow Street Bangor ME 04401 46.1 miles from 04669 207-992-4260

Old Town City Finance Department 265 Main Street Old Town ME 04468 47.8 miles from 04669 207-827-3962

Finance Departments Near Me

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.