The Accounting Section is responsible for the development, implementation, and maintenance of effective financial accounting systems and controls. The Section is responsible for the preparation and fair presentation of City's Financial statements in accordance with Generally Accepted Accounting Principals (GAAP). In addition, it is in charge of maintaining the general ledger and chart of accounts for the City; recording and summarizing City's financial transactions; reconciling monthly bank statements; maintaining City's Fixed Assets, managing City's Debt, providing an accounting guidance to internal operating departments and coordinating all external and internal financial audits (e.g. Year-End Audit, FEMA Audit, Federal and State Grant related audits).
- Accurate and fair presentation of City's Financial Statements in accordance with Generally Accepted Accounting Principals (GAAP).
- Developing and implementing effective and efficient financial reporting and accounting systems that help the operating departments achieve their objectives.
- Providing quality customer service to internal departments as well as citizens and outside professionals.
- Protecting the City’s resources from unauthorized use.
- Prevent financial losses to the City through timely reconciliations of City's Cash, Fixed Assets and Accounts Receivable and Grants operations.
- Comprehensive Annual Financial Report (CAFR)
- Popular Annual Financial Report (PAFR)
- Single Audit Reports
Unclaimed deposits are payments by customers to guarantee that any work done by a contractor is properly completed according to City of Glendale’s specifications or to serve as a form of security usage, which have been unclaimed for a period of over three years. The Finance Department of the City of Glendale holds these payments until they are claimed by the recipients of the funds. The City may, pursuant to State of California Government Code Section 50050-50056, publish a public notice listing these unclaimed amounts, which are three (3) or more years past their issue date and thereafter, transfer such funds to its General Fund.