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Nancy Young-Oliver, who has been TriMet’s interim Executive Director/CFO of Finance and Administrative Services since the end of May 2022, has been promoted to officially take over the position.

Nancy has been with TriMet for more than seven years, serving as the Director of Budgets and Grants. She has overseen TriMet’s annual financial planning and budget development, including developing TriMet’s $1.9 billion fiscal year 2023 budget, which went into effect July 1, 2022. Under her leadership, TriMet’s budget team redesigned the TriMet budget format to add communication about agency priorities, planning and achievements. With that, TriMet received the first Distinguished Budget Presentation Award from the Government Finance Officers Association for the fiscal year 2020 budget, and we’ve continued to receive the award annually.

Nancy has also been responsible for TriMet’s debt management, performance reporting and analysis, fare revenue analysis and grants administration. She oversaw the issuing of TriMet’s first sustainability bonds, in October 2021, to fund projects that bring environmental and/or social benefits. The sustainability bonds proved so popular with investors that there was more demand than supply. The bond sales generated $200 million in new money to fund capital projects, including A Better Red: MAX Red Line Extension and Improvement Project and renovations at the Powell Operating Facility to prepare for the return of articulated 60-foot buses and the growing electric bus fleet.

Nancy spearheaded the creation of TriMet’s Clean Fuel Credits program in 2020 as part of Oregon’s DEQ Clean Fuels Program. The program is designed to reduce the carbon emissions produced by the state’s transportation fuels by 10% by 2025. Nancy has led negotiations for the sale of TriMet’s Clean Fuel credits to outside parties, which has resulted in an annual increase of $1.5 million in miscellaneous revenue.

Nancy is a licensed Certified Public Accountant, licensed Municipal Auditor, Certified Information System Auditor and Certified Fraud Examiner. She has in-depth knowledge of Oregon Budget Law, Oregon Municipal Standards, and Governmental Accounting Standards Board standards. She serves as an adjunct professor at Portland State University in Governmental Accounting and Forensic & Investigative Accounting/Justice for Fraud Victims.

Prior to TriMet, Nancy worked at Moss Adams, LLP and the Oregon Secretary of State Audits Division, leading audits and fraud investigations. She currently serves as the chair of the Oregon Board of Accountancy.

Nancy met her husband Tony in a bicycle shop and married him one year later in that very bicycle shop. They both commute by bike and spend their free time cycling, especially on vacations.