24431 Finance Department

Find 24431 finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.

Waynesboro Finance Department Ste 203, 503 W Main St Waynesboro VA 22980 7.5 miles from 24431 540-942-6614

Staunton Finance Department 116 W Beverley St Staunton VA 24401 12.6 miles from 24431 540-332-3809

Harrisonburg Finance Department 345 S Main St Harrisonburg VA 22801 19.1 miles from 24431 540-432-7702

Charlottesville Finance Department 605 East Main Street Charlottesville VA 22902 22.1 miles from 24431 434-970-3200

Madison County Finance Department 302 Thrift Road Madison VA 22727 34.6 miles from 24431 540-948-5938

Buena Vista City Finance Department Ste 3, 2039 Sycamore Ave Buena Vista VA 24416 41.1 miles from 24431 540-261-8631

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.