City Treasurer, Krystle Ang Palmer Assistant City Treasurer, Wendy Norman
The City Treasurer is chosen by the vote of the people at a municipal election in the same manner as members of the Council.
The City Treasurer's Office is responsible for receiving, disbursing, depositing and investing all public funds for the City, the Youth Endowment Services (YES) Fund, the Parking Authority, the Housing Authority, the Public Financing Authority and the Successor Agency for the Redevelopment Agency.
The primary mission of the City Treasurer's Office is the safekeeping of City funds. Safety, liquidity and yield are always considered (in that order) when investing idle funds.
Monthly reports including cash balances by fund and reconciled bank balances are provided to the Financial Services Department.
The City Treasurer's Office also provides semi-annual reports indicating the type and amount of investments and deposits, the institutions in which these deposits are made, market values, maturity dates and rates of interest for all outstanding investments, as well as other investments that matured during the month, to the City Council, the Youth Endowment Services (YES) Fund Board, the Parking Authority, the Housing Authority, the Public Financing Authority and the Successor Agency for the Redevelopment Agency.
Monthly reports are provided to the City Council, City Manager, Financial Services Director, Burbank Water and Power General Manager, CFO Burbank Water and Power and members of the Treasurer’s Oversight Review Committee.
VENDOR PAYMENTS VIA ELECTRONIC FUNDS TRANSFER (EFT)
Beginning in May 2017, the City is offering payment to most vendors of goods and services using Electronic Funds Transfer (EFT) as an alternative to checks. Click here to download the form to sign up.