04860 Finance Department

Find 04860 finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Rockland Finance Department 270 Pleasant Street Rockland ME 04841 9.2 miles from 04860 207-594-0307

Bath Finance Department 55 Front Street Bath ME 04530 30.1 miles from 04860 207-443-8338

Gardiner Finance Department 6 Church Street Gardiner ME 04345 32.5 miles from 04860 207-582-6891

Brunswick Finance Department 28 Federal Street Brunswick ME 04011 37.5 miles from 04860 207-725-6652

Waterville Finance Department 1 Common Street Waterville ME 04901 44.4 miles from 04860 207-680-4248

Freeport Finance Department 30 Main Street Freeport ME 04032 45.1 miles from 04860 207-865-4743

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.