23324 Finance Department

Find 23324 finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Portsmouth Finance Department 801 Crawford St Portsmouth VA 23704 2.6 miles from 23324 757-393-8831

Norfolk Finance Department Ste 600, 810 Union St Norfolk VA 23510 3.2 miles from 23324 757-664-4346

Chesapeake City Finance Department 304 Cedar Rd Chesapeake VA 23322 6.1 miles from 23324 757-547-0020

Virginia Beach City Finance Department MUNICIPAL Ctr Virginia Beach VA 23456 12.2 miles from 23324 757-385-4508

Hampton Finance Department 22 Lincoln St Hampton VA 23669 16.3 miles from 23324 757-727-6230

Currituck County Finance Department 153 Courthouse Road Currituck NC 27929 28.1 miles from 23324 252-232-2381

Williamsburg Finance Department 401 Lafayette St Williamsburg VA 23185 40.8 miles from 23324 757-220-6180

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.