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CLIENT:  WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY

Country:  USA, Washington DC

Sector:  Utility/Infrastructure

Service:  Accounting/Financial Management/Management Consulting

Year:  2014 – On-Going

Project:  Accounting and Financial Consulting; Audit Readiness Services

 

Project Description: The Washington Metropolitan Area Transit Authority (WMATA) was created by an interstate compact in 1967 to plan, develop, build, finance, and operate a balanced regional transportation system in the National Capital Area. WMATA began building its rail system in 1969, acquired four regional bus systems in 1973, and began operating the first phase of Metrorail in 1976. Today, Metrorail serves 86 stations and has 106 miles of track. Metrobus serves the nation’s capital 24 hours a day, seven days a week with 1500 buses. Metrorail and Metrobus serve a population of 3.4 million within a 1,500 square mile jurisdiction. WMATA began its paratransit service, MetroAccess, in 1994; it provides about 1.5 million trips per year. WMATA receives annual operating support from the Commonwealth of Virginia, Maryland State, and the District of Columbia, as well as local jurisdictions in the transit zone, and capital support from the Federal government.

 

As part of its effort to ensure that its accounting operations successfully compile and complete its annual audit, WMATA contracted with IBS Management and Consultancy Services (IBS) to provide a range of audit readiness services. These services include: supporting the accounting and finance department with financial statement preparation and audit readiness; providing an interim Controller; addressing control findings and compliance deficiencies; developing and implementing various business process improvements to address operational efficiency and effectiveness, including accounts payable, grants management and payroll; and providing program support for various financial system initiatives. IBS under this initiative, also assisted WMATA in its recruitment of various key positions in the Accounting department including, a permanent full time Comptroller.

 

NAICS

541611 Admin Mgmt. & Gen. Mgmt. Consulting Services

541990 All Other Professional, Scientific & Technical Services

541211 Certified Public Accountants

541219 Other Accounting Services

541618 Other Mgmt. Consulting Services

541690 Other Scientific & Technical Consulting Services

561110 Office Admin Services

561499 All Other Bus. Support Services

611430 Prof. & Mgmt. Dev. Training

CERTIFICATIONS

Certified Small Disadvantaged Business (SBA-8a, DC, MD, VA, PA and NJ)

SBA 8(a) -  Program Code/Case Number is 307466.

Certified Minority Business Enterprise

CAGE : 6VUR3; DUNS: 078664340

GSA Contract Number: GS-00F-327GA

DC OFFICE

1627 K St, NW, Suite 500

Washington, DC 20006

Tel: 202-609-8830

MD OFFICE

13201 14th Street

Bowie, MD  20715

Tel: 301-379-2196

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