Matsumoto Consulting LLC

Finance

Capital/Operating Budgets
Short/Long Financial Plans
Project Funding/Financing
Grants
Performance Metrics
Finance/Administration Policies & Procedures

Accounting

Payroll/Labor Allocation
Payables/Receivables
General Ledger
Internal Controls
Financial Reporting
Audits
Cost Allocation Plans
Enterprise Systems

Treasury

Cash Management/Forecasting
Banking/Trust Services
Investment Management
Debt Management
Revenue Collection/Processing

System planning, development and implementation
Program management
Regional customer service operation

Fare policy and governance
Contracts management
Government procurement

Change management
Monitoring and reporting
Sales planning and development

Procurement

Systems/Tracking
Process Improvement

Human Resources

Pensions
Benefits

Outsourcing

Projects
Programs
Functions

Terry Matsumoto (Principal, Matsumoto Consulting LLC) is a nationally recognized public transit executive with more than 30 years of financial and administrative policy development and management experience in the private and public sectors.

He has recently retired as Chief Financial Services Officer (CFO) of the Los Angeles County Metropolitan Transportation Authority (Metro), a regional transportation planning entity with a budget of $1.8 billion for county-wide highway, paratransit, regional commuter rail and local transit operations and the nation’s 3rd largest public transit operator of bus and rail service with $1.9 billion capital and $1.3 billion operating budgets. 

Jane Matsumoto is a proven executive with over 14 years of experience in automated payment systems implementation and regional program administration. Her expertise includes related capital procurements and contracts implementation, and management of a fully integrated smart card fare based system.

She was responsible for delivering a full turn-key operation in Los Angeles County now in revenue operation. 

• Developed and addressed transit policy initiatives and legislative directives
• Responsible for the financial resources, investment and funding of regional transportation initiatives and the financial management of Metro operations ($1.3 billion annual) and capital maintenance ($500 million annual) budgets.
• Directed the debt portfolio of $4.6 billion of outstanding sales tax and other taxable and tax-exempt bonds
• Directed the investment portfolios of $3.0 billion of pension assets and operating funds

• Collected and deposited nearly $200 million of currency, coin and token revenues from the bus and rail systems annually
• Managed accounting, budget, debt, investment, pension and benefit, risk management and revenue functions
• Chaired 5 self-administered pension plan committees and trustee of4 union health and welfare funds
• Chaired joint investment committee of self-administered pension plans
• Managed 175 member staff 

• 17 continuous years of executive level financial policy direction.  Prior positions held within the MTA:  Interim Deputy Chief Executive Officer; Executive Officer, Finance and Treasurer; Executive Officer, Administration; Director of Strategic Funding; Controller
• Closed over $1.5 billion in TIFIA loans for Crenshaw and Regional Connector light rail projects and Westside Subway Extension, Phase 1.
• Issued $750 million of Build America bonds secured by Measure R, the third ½ cent sales tax approved by voters in 2008
• Refinanced over $1.8 billion of bonds to achieve $150 million of present value savings

• Closed 7 leveraged lease transactions covering $1.2 billion of assets netting $65 million of upfront cash payments
• Secured four Full Funding Grant Agreements MOS-2, MOS-3, Metro Gold Line East Extension and Regional Connector
• Ensured Metro’s financial integrity through 17 years of a fluctuating economy dependent upon local sales taxes, numerous state deficits and partisan federal appropriations, 10 years under a federally mandated bus service consent decree
• Received highest GFOA awards for financial statement and budgetary presentations