The budget process at the Metropolitan Transportation Authority (MTA) is an on-going process that consists of a February Plan (the "Adopted Budget"), July Plan (the "Mid-Year Forecast"), November Plan (the "Final Forecast") and December Plan ("Final Estimate") for the current year and seven subsequent years, of which five years are published and presented to the Board and to the public. Accrued and cash financial data is collected from the Authority’s ten agencies (subsidiaries and/or affiliates) and consolidated to determine the financial impact to the MTA. The financial plan books consist of over 30 budget reports per agency and the same for MTA Consolidated.
The monthly reporting requirements include consolidation of the monthly financials from the Authority's ten agencies and analysis of variance explanations. This information is then used to determine trends and patterns for revenue and expense categories.
Working for an organization that performs a very needed service for the people of New York.