12407 Finance Department

Find 12407 finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Albany County Finance Department 112 State Street Albany NY 12207 38.4 miles from 12407 518-447-7082

Schenectady County Finance Department 620 State Street Schenectady NY 12305 40.1 miles from 12407 518-388-4260

Rensselaer County Finance Department 1600 7th Avenue Troy NY 12180 44.5 miles from 12407 518-270-2756

Poughkeepsie City Finance Department 62 Civic Center Plaza Poughkeepsie NY 12601 47.6 miles from 12407 845-451-4074

Gloversville Finance Department 3 Frontage Road Gloversville NY 12078 50.7 miles from 12407 518-773-4541

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.