Finance
Overview
Our goal in Finance is to provide support services to better serve the City of Maywood. The Finance Division’s primary responsibilities are to safeguard the City's assets and assure financial compliance. This includes preparing budget reports, administering financial accounting of grants and contracts, accounts payable and maintaining the City’s general accounting system. The City's Annual Budget is produced by the Finance Division and presents the City's financial plan for the ensuing fiscal year, itemizing projected revenues and estimated expenditures for the various funds. It communicates and facilitates an understanding of the operations and costs of providing various City services to our residents.
The Finance Division is comprised of Accounts Payable, Accounts Receivable, Cashiering, Business Licenses, General Ledger Activity and Financial Reporting.
2024 City Budget Preparation
The City Council will be reviewing and planning for the 2024 Fiscal Year in May and June 2023. The first study session meeting was held on Friday, May 12, 2023. On Wednesday, May 24, 2023 the City Council will receive a budget report from staff. Following these two review sessions a public hearing will be held on Wednesday, June 28, 2023. The meetings can be attended in person and will be held in our Council Chambers.
Access the study session presentation or staff report for the Friday, May 12, 2023 meeting please are available.
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Assessments & Levies
Read information related to assessments performed on residential properties by the City of Maywood.
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City Budget
Review city budget information provided by the Finance department of the City of Maywood.
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Audited Financial Statements
View financial statements provided by the Finance department at the City of Maywood.
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Quarterly Sales Tax Updates
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Accounts Payable Schedule
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Financial Audit Reports
Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards
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Utility Users Tax Exemption
The Utility User Tax Exemption is offered to eligible City of Maywood residents. The established program presents Maywood seniors and individuals with disabilities an exemption to their utility bills such as gas, electrical, etc.
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American Rescue Plan Act (ARPA)
ABOUT THE 2021 AMERICAN RESCUE PLAN ACT On March 11, 2021, the $1.9 trillion American Rescue Plan act (ARPA) was signed into law and established the emergency Coronavirus State and Local Fiscal Recovery Funds (SLFRF) for the eligible state, local, territorial, and tribal governments in response to the COVID-19 emergency