Hannibal Finance Department

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

Onondaga County Finance Department 800 South State Street Syracuse NY 13202 28.7 miles from Hannibal 315-435-3827

Webster Finance Department 1000 Ridge Road Webster NY 14580 44.9 miles from Hannibal 585-872-7067

Penfield Finance Department 3100 Atlantic Ave Penfield NY 14526 45.0 miles from Hannibal 585-340-8621

Victor Finance Department 85 East Main Street Victor NY 14564 47.9 miles from Hannibal 585-742-5025

Pittsford Finance Department 11 South Main Street Pittsford NY 14534 49.8 miles from Hannibal 585-248-6225

Rochester Finance Department 30 Church Street Rochester NY 14614 53.4 miles from Hannibal 585-428-7151

Cortland City Finance Department 25 Court Street Cortland NY 13045 53.7 miles from Hannibal 607-756-7312

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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.