23108 Finance Department

Find 23108 finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Williamsburg Finance Department 401 Lafayette St Williamsburg VA 23185 25.5 miles from 23108 757-220-6180

Hopewell City Finance Department 300 N Main St Hopewell VA 23860 38.4 miles from 23108 804-541-2306

Richmond Finance Department 900 E Broad St Richmond VA 23219 38.9 miles from 23108 804-646-5829

Henrico County Finance Department 4301 East Parham Road Richmond VA 23228 42.7 miles from 23108 804-501-5208

Colonial Heights Finance Department 1507 Boulevard Colonial Heights VA 23834 45.8 miles from 23108 804-520-9332

Petersburg Finance Department 103 W Tabb St Petersburg VA 23803 46.6 miles from 23108 804-733-2337

Hampton Finance Department 22 Lincoln St Hampton VA 23669 47.7 miles from 23108 757-727-6230

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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.