Mission Statement The Finance and Technology Department provides financial management services and the implementation of agile and cost effective information technology solutions with integrity and accountability while improving service levels, reducing City costs, and leveraging information across City departments.
News On November 24, 2014, Mayor and Council authorized staff in the Finance and Technology Department to take the necessary action to refinance outstanding Transportation, Water and Sewer, General Obligation (G.O.), and Municipal Property Corporation (MPC) bonds. Over the next several months, staff worked closely with RBC Capital Markets, the City's Financial Advisor and Greenberg Traurig, LLP, the City's Bond Counsel to develop the documentation, identify the structure of potential debt service cost savings through debt refinancing, and execute the transactions.
The bond refinancing was completed in March of 2015. Overall, the net present value savings on the four transactions totaled $48.1 million, with total cash savings of $49.4 million over the life of the bonds. Net present value (NPV) is the value of the savings in current dollars and the total savings is the actual cash savings throughout the life of the new bonds. Additional details on the refinancing were presented to the Council at their Workshop on April 21, 2015, and can be found by clicking here.
Accounting provides accurate and timely financial information and analysis to all internal and external customers.
Tax and License provides customer service which ensures compliance in the privilege (sales) tax and licensing areas.
Interested in Doing Business with Glendale? Have you ever considered doing business with the city of Glendale? It takes a wide variety of products and services to keep our city running. There are universal needs that any organization requires plus needs specific and unique to individual city departments. The city provides general information and guidance for businesses in determining opportunities for doing business with the city. Click here to learn more>>
Budgets and Comprehensive Annual Financial Reports (CAFR)
The debt management plan of the city is an analysis of the City’s overall debt structure. This is a plan that is updated on an annual basis and provides City Council and Management with valuable information for planning purposes. Click here to download the Debt Management Plan (pdf).