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Finance/Budget

In light of the COVID-19 outbreak, the public utreach for the FY21 budget was temporarily put on hold in mid-March. We are now in the process of resuming all FY21 budget outreach activities and we are moving forward with engagement and education of the FY21 budget. We will continue to solicit meaningful input from the public and stakeholders via public workshops, community meetings, the public hearing, the questionaires and via email. In the last 25 years, we’ve made progress in creating more transportation options for everyone. But there is still more to do. We are listening to you, LA. Tell us what you’d like to see more from us.

There are a few ways you can make your voice heard and help shape Metro’s FY21 budget

1. Fill out a brief questionnaire in English or Spanish and tell us what's important to you.

2. Provide your input via email at budgetcomments@metro.net between now and September 10.

3. Join a public virtual Service Council Meeting or the Public Budget Hearing in September and provide your input:

San Fernando Valley Service Council
Wednesday, September 2, 2020 @ 6:30pm
Video stream link will available 72 hour before the meeting
To listen by phone: Dial 877.422.8614, enter Meeting Extension 3462070#
To provide public comment by phone: Call 877.422.8614 and enter Meeting Extension 3654496#

San Gabriel Valley Service Council
Monday, September 7, 2020 @ 5pm
Video stream link will available 72 hour before the meeting
To listen by phone: Dial 877.422.8614 and enter Meeting Extension 3462125#
To provide public comment by phone: Call 877.422.8614 and enter Meeting Extension 3756376#

Westside/Central Service Council
Wednesday, September 9, 2020 @ 6:30pm
Video stream link will available 72 hour before the meeting
To listen by phone: Dial 877.422.8614, enter Meeting Extension 3462155#
To provide public comment by phone: Call 877.422.8614 and enter Meeting Extension 3756379#

Gateway Cities Service Council
Thursday, September 10, 2020 @ 2pm
Video stream link will available 72 hour before the meeting
To listen by phone: Dial 877.422.8614, enter Meeting extension 3461978#
To provide public comment by phone: Call877.422.8614 and enter Meeting Extension 3756316#

South Bay Cities Service Council
Friday, September 11, 2020 @ 10:30am
Video stream link will available 72 hour before the meeting
To listen by phone: Dial 877.422.8614, enter Meeting extension: 3462108#
To provide public comment by phone: Call 877.422.8614 and enter Meeting Extension 3756328#

Budget Public Hearing
September 16, 2020 @ 1:00pm
Video stream link will available 72 hour before the meeting
To listen by phone: TBD
To provide public comment by phone: TBD


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.

Management



Investment Policy

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.

View complete policy

Investment Program

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.

https://www.metrobonds.net/metro-investor-relations-ca/i3144

Investor Relations