23398 Finance Department

Find 23398 finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Hampton Finance Department 22 Lincoln St Hampton VA 23669 40.2 miles from 23398 757-727-6230

Williamsburg Finance Department 401 Lafayette St Williamsburg VA 23185 45.2 miles from 23398 757-220-6180

Somerset County Finance Department 11916 Somerset Avenue Princess Anne MD 21853 49.7 miles from 23398 410-651-3335

Norfolk Finance Department Ste 600, 810 Union St Norfolk VA 23510 50.1 miles from 23398 757-664-4346

Portsmouth Finance Department 801 Crawford St Portsmouth VA 23704 51.1 miles from 23398 757-393-8831

Virginia Beach City Finance Department MUNICIPAL Ctr Virginia Beach VA 23456 53.0 miles from 23398 757-385-4508

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.