04938 Finance Department

Find 04938 finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Skowhegan Finance Department 225 Water St Skowhegan ME 04976 20.3 miles from 04938 207-474-6908

Waterville Finance Department 1 Common Street Waterville ME 04901 24.6 miles from 04938 207-680-4248

Gardiner Finance Department 6 Church Street Gardiner ME 04345 34.1 miles from 04938 207-582-6891

Brunswick Finance Department 28 Federal Street Brunswick ME 04011 52.0 miles from 04938 207-725-6652

Bath Finance Department 55 Front Street Bath ME 04530 53.7 miles from 04938 207-443-8338

Berlin Finance Department 168 Main Street Berlin NH 03570 54.6 miles from 04938 603-752-1610

Freeport Finance Department 30 Main Street Freeport ME 04032 55.7 miles from 04938 207-865-4743

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.