Brian Thomas

Executive Director, Delta Conveyance Finance Authority


Brian served in the public sector for almost 30 years before joining PFM as a managing director in the Los Angeles office in 2011. While a managing director at PFM, Brian led most of PFM’s water and wastewater engagements in California and the southwest. Brian’s clients included Eastern Municipal Water District, Moulton Niguel Water District, City of Riverside Public Utilities Department, Los Angeles Department of Water & Power, Southern Nevada Water Authority, Las Vegas Valley Water District, South Placer Wastewater Authority, the Board of Water Supply in Honolulu, Inland Empire Utilities Agency, and Contra Costa Water District. Most recently, Brian served as the Chief Financial Officer for the Las Vegas Valley Water District/Southern Nevada Water Authority (until November 2018). After assuming the position in Las Vegas, Brian maintained his relationship with PFM, and is now working as a financial advisor, as well as serving as the Executive Director for the Delta Conveyance Finance Authority. He continues to provide financial advisory services to water and wastewater agencies in Southern California and the West, including Moulton Niguel Water District, West Basin Municipal Water District, Coachella Valley Water District, Contra Costa Water District, the Water Research Foundation, and Santa Margarita Water District.

Brian has advised on well over $3 billion of transactions, including fixed and variable rate debt, as well as State Revolving Loans. He has assisted his clients issue revenue bonds, tax allocation bonds, general obligation bonds, improvement district bonds, variable rate bonds (including extendible commercial paper and SIFMA index bonds), Certificates of Participation and almost $1 billion of commercial paper programs. He has also assisted many of his clients as they develop long range finance plans, capital improvement programs, rates and charges, and budgets.
Brian served as the Assistant General Manager and Chief Financial Officer for the Metropolitan Water District of Southern California, the nation’s largest supplier of drinking water, for almost 11 years prior to joining PFM. At Metropolitan he directed all financial activities, including treasury and debt management, budgeting, accounting and financial reporting, and rates and charges. He was an important participant in negotiations involving water transfers, water wheeling, and the development of local water resources, including work on Metropolitan’s local resource program and groundwater conjunctive use projects.

Brian is a frequent speaker at industry conferences and received a Bachelor of Science in Biology and a Bachelor of Science in Economics from California State Polytechnic University, Pomona. He also has a Master’s degree and a Ph.D. in Economics from the University of California, Riverside.