Edward J. Donahue III, CMC

Municipal & Financial Services Group

Edward J. Donahue III, CMC is the president and CEO of the Municipal & Financial Services Group (MFSG), a specialty consulting practice that he established in 1976.  MFSG focuses on the financial and management aspects of infrastructure and the efficient delivery of public sector services.  Ed is recognized nationally as an expert in the finance, management, organization and operations of infrastructure, with a particular emphasis on environmental services.  Mr. Donahue is a certified management consultant with more than forty years of professional experience.  His clients have included numerous municipal and investor-owned utilities in the United States and abroad, as well as a wide spectrum of governmental agencies.  He has also worked with investment banking and financial advisory firms engaged in capital transactions and law firms representing clients involved in disputes related to construction costs, utility rates, patents, trademarks and taxes.  He is accredited as an expert witness and has testified in both legal and administrative proceedings.  Recent client projects in Maryland, Virginia, California, the District of Columbia, North Carolina, Pennsylvania, Alaska, Connecticut, Delaware and Illinois have included cost of service and rate studies, financial feasibility studies in support of revenue bonds, organizational and management studies and tax-exempt financing studies. 

Ed earned a bachelor's degree in accounting from Johns Hopkins University and an MBA in Finance (Government-Business Relations) from George Washington University.  He is a long-term member of GFOA and has served as Program Chair for the Maryland GFOA’s Board of Directors.  He is the past Chairman of AWWA’s Finance, Accounting and Management Controls Committee, and currently leads that organization’s GASB 34 Task Force.  He recently participated with a group of GFOA and AWWA volunteers in writing Financial Management for Water Utilities, a successor to and replacement for Water Utility Accounting.  He is a resident of Annapolis, Maryland.