Summary
The PICA Board convened on July 25, 2023, to review and approve key financial oversight resolutions. Executive Director Harvey Rice presented findings from PICA’s analysis of the City’s Five-Year Plan, highlighting long-term fiscal risks and budget projections. The Board approved Resolution 2024-01, endorsing the FY2024-2028 Five-Year Financial Plan, while also raising concerns about pension funding and low projected fund balances in later years. Additional resolutions were passed to re-elect Board officers (Resolution 2024-02) and set the FY2024 meeting schedule (Resolution 2024-03). The meeting included discussions on the City’s spending trends, tax revenue stability, and upcoming policy initiatives. The meeting concluded with a tribute to Executive Director Harvey Rice, who announced his retirement.