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May 14, 2020 Board Meeting Minutes
The PICA Board met on May 14, 2020, for a special session to discuss revisions to the FY2020-2024 Five-Year Plan and financial risks posed by the COVID-19 pandemic. The Board approved Resolution 2020-10, allowing the City to withdraw its current plan and submit a revised version by June 12, 2020.
April 21, 2020 Board Meeting Minutes
The PICA Board met on April 21, 2020, to review financial reports, approve audit services, and discuss revenue risks related to the pandemic. The Board approved Resolutions 2020-08 and 2020-09, engaging Maher Duessel for auditing services and Charles Swanson for revenue analysis.
February 26, 2020 Board Meeting Minutes
The PICA Board met on February 26, 2020, to approve the FY2021 PICA Operating Budget and discuss City financial trends. The Board approved Resolution 2020-07, adopting the budget while highlighting concerns about rising overtime costs.
January 21, 2020 Board Meeting Minutes
The PICA Board met on January 21, 2020, to review tax revenue performance, approve refunding bonds, and discuss real estate tax appeals. The Board also examined PICA’s future role, with discussions on extending oversight beyond its scheduled termination.
October 15, 2019 Board Meeting Minutes
The PICA Board met on October 15, 2019, to discuss bond refunding, tax revenue updates, and rising Fire Department overtime costs. The Board approved Resolution 2020-06, adopting a Post-Issuance Compliance Policy for bond management.
September 17, 2019 Board Meeting Minutes
The PICA Board met on September 17, 2019, to discuss the approval of a bond refunding resolution, the findings of the Police Court Overtime Study, and the City’s financial reporting. The Board approved Resolution 2020-05, authorizing bond refunding while emphasizing the need for cost control.
June 18, 2019 Board Meeting Minutes
The PICA Board met on June 18, 2019, to review financial reports, approve resolutions for arbitrage rebate services and financial advisors, and discuss the upcoming Five-Year Plan review. The Board approved Resolutions 2019-12 and 2019-13, engaging Parker Bond Consulting and hiring financial advisors for a potential bond refunding.
August 26, 2019 Board Meeting Minutes
The PICA Board held a special meeting on August 26, 2019, to review potential bond refunding and discuss underwriter selections. The meeting was recessed and reconvened on September 6 and September 9, 2019, to finalize selections for underwriters and bond counsel.
July 16, 2019 Board Meeting Minutes
The PICA Board met on July 16, 2019, to approve the FY2020-2024 Five-Year Financial Plan and discuss revenue forecasts, school district contributions, and overtime spending. The Board approved Resolution 2020-01, endorsing the plan while raising concerns about financial risks.
May 21, 2019 Board Meeting Minutes
The PICA Board met on May 21, 2019, to approve investment management changes, discuss tax revenue performance, and review overtime spending. The Board approved Resolutions 2019-10 and 2019-11, transferring SWAP Reserve Funds to U.S. Bank and finalizing a settlement agreement.
April 16, 2019 Board Meeting Minutes
The PICA Board met on April 16, 2019, to approve consulting services for the FY2020-2024 Five-Year Financial Plan review and discuss a potential bond refunding transaction. The Board approved Resolutions 2019-08 and 2019-09, engaging Charles Swanson for revenue analysis and issuing an RFP for a financial advisor.
March 19, 2019 Board Meeting Minutes
The PICA Board met on March 19, 2019, to review the City’s FY2020-FY2024 Five-Year Financial Plan, tax revenue updates, and overtime expenditures. The Board approved Resolution 2019-07, adopting PICA’s FY2020 Operating Budget.