Ridgeville Finance Department

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

Gadsden Finance Department 90 Broad Street Gadsden AL 35901 6.7 miles from Ridgeville 256-549-4510

Jacksonville Finance Department 320 Church Ave SE Jacksonville AL 36265 25.9 miles from Ridgeville 256-435-7611

Anniston Finance Department 1128 Gurnee Avenue Anniston AL 36201 31.6 miles from Ridgeville 256-231-7726

Floyd County Finance Department 12 East 4th Avenue Rome GA 30161 55.0 miles from Ridgeville 706-291-5225

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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.