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City of Glendale - Finance and Technology

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.

Divisions

  • Accounting provides accurate and timely financial information and analysis to all internal and external customers.
  • Customer Service and Billing provides customer service via the Call Center, billing, and cashiering for the city.
  • Budget analyzes expenditures and revenues, develops the budget, and  monitors performance.
  • Grants Administration is responsible for coordinating the city’s efforts to identify and obtain alternative funding for priority projects.
  • Information Technology (IT) supports the city’s technology infrastructure such as applications, networks, data services, email, and telephony.
  • Materials Management works with departments and vendors to procure goods and services.
  • 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>>

Financial Reports

Budgets and Comprehensive Annual Financial Reports (CAFR)

Tenative Budget
Final Budget
Annual Budget Book
CAFR

FY 2016

FY 2016

FY 2016

 

FY 2015

FY 2015

FY 2015

 

FY 2014

FY 2014

FY 2014

Year Ended 2014

FY 2013

FY 2013

FY 2013

Year Ended 2013

FY 2012

FY 2012

FY 2012

Year Ended 2012

FY 2011

FY 2011

FY 2011

Year Ended 2011

FY 2010

FY 2010

FY 2010

Year Ended 2010

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Historical Reports (FY 2009 and prior)
For a list of reports for historical reference, click here.

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Monthly Arena Management Reports
*Reports generally  take 30 days to process and will be posted once complete.

FY14-15:

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Other Arena Reports and Documents

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Development Impact Fee Annual Report

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Information for Investors/Bond Holders

Debt Management Plan - Posted 1/05/12

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).

Bond Sale Offcial Statements

 

 

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