TAM is proud to offer to our members access to a Financial Management for Transit Agencies workshop at our local conference facility on August 22 and 23. This training will take place at the TAM conference training room located at 901 Elkridge Landing Road in Linthicum, MD 21090. This training is available to all TAM members at the heavily discounted rate of $100 for both days of training (normally $600). This will include lunch, snacks, and beverages for both days of the course. MDOT MTA will reimburse attendees for one night's stay in a local hotel. Space is limited to the first 25 registrants for this course, so do not delay! Additional attendees can be waitlisted. 

Visit our registration page at https://www.taminc.org/finance2023  to take advantage of this opportunity.

Hotel Accommodations

MDOT MTA will reimburse attendees for the night of Thursday, July 28. Rooms are available at the nearby SpringHill Suites from $127, as well as a number of other local hotels. The registrant will need to submit an RTAP reimbursement form to MDOT/MTA, Luke Benson at [email protected] after the Conference. 

What is Financial Management for Transit Agencies?

In today’s financial management you cannot afford to be without top-notch financial management skills. You must know your true costs of providing service and be able to track those costs and manage your cash flow. Learn how to use financial information, operations data, and proven financial strategies to plan, develop, and implement your transit system objectives. Learn what data to collect and monitor to ensure success and to evaluate potential changes in service – whether it is new service, service enhancements, or reductions in service. This two-day session will provide tools that any transit manager or supervisor can use with existing data and financial reports.

Who should attend?

While this course is valuable to any transit professional, it is geared towards those who are either new to transit accounting responsibilities, the accounting practice in general, or who are looking to expand their base of knowledge in a critical area. 

Examples of training subjects include:

  • Customer-Oriented Service
  • Cost Data and Cost Accounting for Management
  • Relationship Between Performance Measures Operating Data and Financial Reports
  • Revenues
  • Developing Transit System Budget
  • Cash Flow
  • Developing a Fully-Allocated Cost Model
  • Cost Model for Performance, Monitoring and Management
  • Leadership and Management
  • Transit Operations
  • Vehicles and Maintenance
  • Facilities and Maintenance
  • Personnel
  • Training
  • Organizational Safety
  • Organizational Security
  • Community Emergency Response Preparedness

How to Register

Visit our registration page at https://www.taminc.org/finance2023 to take advantage of this opportunity.