Specialized Accounting Division

The Specialized Accounting Division provides enterprise-wide leadership and technical oversight for complex and high-impact accounting areas unique to the Department’s mission. The Division is responsible for ensuring accurate accounting, valuation, and reporting of specialized assets, liabilities, and programmatic activities in accordance with Federal Accounting Standards Advisory Board (FASAB) standards, applicable federal regulations and Departmental policy. This includes real property, natural resources, trust and stewardship assets, hydropower operations, and large-scale infrastructure. The division plays a critical role in ensuring financial integrity, transparency, and compliance across some of the most complex accounting areas in the federal government.

Structure and Responsibilities

The Specialized Accounting Division is comprised of five branches:

Rate Setting 

  • Establishes water and Project Use energy rates for the Central Valley Project.
  • Manages contractor accounts, assigns rates, reconciles revenues, and coordinates closely with the Western Area Power Administration.
  • Develops and reviews rate exhibits, prepares refunds, and conducts annual reconciliations of rates to actual costs and water deliveries.

Power Operations 

  • Oversees the financial and accounting functions that support the Department’s hydropower operations.

Loan and Investment Accounting 

  • Administers investment portfolios, oversees loan programs, tracks loan repayments, and ensures accurate accounting and reporting for all loans and investment activities.

Capital Assets, Leases and CIP 

  • Oversees real property, personal property, leases and assets under construction.

Land and Trust Asset Accounting 

  • Oversees the accounting and reporting of the Department’s extensive land holding, land rights, stewardship assets, and trust assets.

Employee Resource

Specialized Accounting Division SharePoint
 

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