As the chief fiscal officer of California, the sixth largest economy in the world, Controller Betty Yee is responsible for accountability and disbursement of the state’s financial resources. Controller Yee also safeguards many types of property until claimed by the rightful owners, independently audits government agencies that spend state funds, and administers the payroll system for state government employees and California State University employees. She serves on 70 boards and commissions with authority ranging from state public land management to crime victim compensation. The Controller is a member of numerous financing authorities, and fiscal and financial oversight entities including the Franchise Tax Board and Board of Equalization. She also serves on the boards of the nation's two largest public pension funds. The Controller is one of eight statewide constitutional officials who are elected every four years in California. (In some states, this government official is called a Comptroller.) The Controller’s Office includes the following divisions: Executive Office Division of Accounting and Reporting Administration and Disbursements Division Audits Division Information Systems Division Personnel/Payroll Service Division Unclaimed Property Division