Getting around LA County is not always easy. That's why Metro has a plan to provide you with a world-class transportation system by creating more options and opportunities. We need your help in shaping next year's budget and this year’s budget process will continue to focus on safety and equity and reflects our intent to engage on the budget with an equitable, transparent and comprehensive process where everyone’s voice matters.
With everyone’s safety in mind, we will continue to conduct budget development outreach via an online survey, virtual meetings and hearings in the most equitable manner possible.
Join the virtual Regional Service Council meeting to learn more about Metro’s proposed FY22 budget and provide your comments:
Thursday, April 22, 2021 from 6-8pm
- Watch online: link to stream will appear here under Upcoming Events when the hearing begins
- To listen by phone, call 877.422.8614 and enter meeting extension 3462108#
- To provide public comment by phone, call 877.422.8614 and enter meeting extension 3756328#
Únase a la reunión virtual del Concilio de Servicios Regional para obtener más información sobre el presupuesto propuesto de Metro del año fiscal del 2021 y brindar sus comentarios:
Jueves, 22 de abril de 2021 de 6-8pm
- Ver en línea: el enlace a la transmisión aparecerá aquí en Upcoming Events cuando comience la audiencia
- Para escuchar la audiencia publica en español, marque 877.422.8614, ingrese a la extensión de reunión 4127050#
- Para proporcionar comentarios públicos por teléfono, llame al 877.422.8614 e ingrese la extensión de reunión 4127057#
Metro has developed this financial section to provide relevant and timely information for individuals interested in its financial data. Here you will find information about Metro's debt and investment policies and programs, bond issuance, annual reports, the annual budget, and other matters of financial interest.
Metro financial information is produced by the Finance departments of Accounting, Management & Budget (OMB), Revenue and Treasury. The Finance departments analyze fiscal issues and advise Metro Board of Directors in the areas of short-term and long-term financing, fund planning, revenue forecasting, operating and capital budgets and compliance with accounting standards.
Per California State Law, Metro adopts an investment policy annually. Metro's investment policy affords Metro a broad spectrum of investment opportunities as long as the investment is deemed prudent and is authorized under the California Government Code Section 53600, et seq.
Metro has invested in U. S. Treasury Securities, Commercial Paper, Corporate Notes and Bonds and other secure investments. Operating funds are maintained in commercial banks where idle balances are invested as permitted by State law in certificates of deposit, money market accounts and other investments.
Restricted cash and investments with fiscal agents represents restricted monies held by Trustees for payment of debt service principal and interest expense, also included are funds set aside for cost overruns on capital projects, and self-insurance reserves for worker's compensation and public liability/property damage claims.
Metro’s Investment Program encompasses those assets managed internally by Treasury Department staff and by external investment managers. The short-term portfolios managed internally are earmarked to cover near-term operating expenses. The externally managed portfolios are invested in medium to long-term higher-yielding investments.
- LuAnne Edwards Schurtz , DEO