15955 Finance Department

Find 15955 finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Johnstown Finance Department 401 Main Street Johnstown PA 15901 11.7 miles from 15955 814-533-2034

Altoona City Finance Department 1301-09 12th Street Altoona PA 16601 20.5 miles from 15955 814-949-2440

Greensburg Finance Department 416 South Main Street Greensburg PA 15601 44.6 miles from 15955 724-838-4337

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.