Tom Franklin, CPA
Chief Financial Officer & Treasurer
Mr. Franklin oversees all financial functions of TTSI including general accounting, financial analysis, and human resources.
Career Summary
Tom Franklin, CPA, is the Chief Financial Officer for Total Transportation Services having joined the Company in July 2017 in a consulting capacity and taking on the role full time in October 2017. Prior to coming to TTSI, Mr Franklin worked as the Interim Chief Financial Officer at Southern California Regional Rail Authority (SCRRA).
As Chief Financial Officer of TTSI, Mr Franklin oversees all financial functions of the Finance Department including general accounting, accounts receivable/collections, budgets and financial analysis, and human resources. Mr Franklin also assists with the coordination of audits, internal controls, financial compliance and standardization of financial processes.
- Complete Corporate Financial Functions
- Audits and Compliance
- Standardization of Financial Processes
- Oversee Human Resources
- Internal Controls
As Interim CFO of SCRRA (Southern California Regional Rail Authority), Mr. Franklin managed all financial functions at the Joint Powers Authority (JPA), including general accounting, grants management and reimbursement, accounts receivable, accounts payable, internal and external audits, cash flow analysis, budget review and monthly and annual financial statement reports. He was appointed to the Interim CFO position in January 2016 after serving as Controller of the Authority since April 2014.
During his tenure at SCRRA, Mr. Franklin developed and managed a team that turned around a disorderly financial environment of the agency that resulted from an improper system implementation in May 2013. This included filling 17 open staff positions, applying a corrective action plan to address the design flaws of the financial information system, correcting historical records, streamlining processes through the development and updating of over 30 finance policies and retraining users.
Prior to SCRRA, Mr Franklin served as Acting Chief Financial Officer of the Port of Long Beach, California. He was appointed to the post by the Long Beach Board of Harbor Commissioners in March 2014, having served since March 2009 as Assistant Chief Financial Officer.
As Acting CFO, Mr Franklin oversaw all financial functions at the Port including general accounting, revenue accounting, financial analysis, grant management and reimbursement, annual audit and CAFR preparation, annual revenue forecast, budget review, cash flow forecast, quarterly budget and financial statement reports, preparation of periodic rating agency presentations, preparation of U.S. Department of Transportation loan application and preparation of bond preliminary official statements.
During his years as Assistant CFO, Mr. Franklin developed the Port's Capital Assets Policy, Capitalized Interest Amortization Policy, and procedures for both. He also procured a grant management system to assist the Department in managing and tracking grant funds.
With more than 30 years experience in financial management, Mr. Franklin spent eight years in aerospace manufacturing as VP/Finance and CFO for Airdrome Holdings, LLC, and CFO for Hi-Shear Corporation, both major parts suppliers for aircraft manufacturers including: Boeing, Airbus, Canadair, Embraer and the U.S. Department of Defense. He spent eight years in the import/export/garment manufacturing segment as Vice President of International Finance and Operations for LA Gear and earlier with Guess?, Inc. Mr. Franklin also has experience in the beverage production and distribution segment with four years as CFO for Brewski Brewing Company.
Earlier in his career he worked as a financial consultant in Los Angeles, as well as working with Price Waterhouse and Katz, Fram & Co., CPAs.
A Certified Public Accountant, Mr. Franklin earned his Bachelor of Science degree in Accounting from California State University, Northridge, in 1980.
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