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City of Philadelphia’s Estimated Fund Balance for FY2017 $48.3 Million Higher Than Projected
Press Release announcing PICA report on the FY17Q4 QCMR. City of Philadelphia’s Estimated Fund Balance for FY2017 $48.3 Million Higher Than Projected
FY2017 Obligations Projected to Outpace Revenues by $65 Million
Press Release announcing PICA report on the FY17Q3 QCMR. FY2017 Obligations Projected to Outpace Revenues by $65 Million.
City of Philadelphia’s Overtime Costs Across Key Departments Approximately $170 Million for FY16, $45 Million Over Budget
Press Release announcing PICA report on FY16 overtime spending. City of Philadelphia’s Overtime Costs Across Key Departments Approximately $170 Million for FY16, $45 Million Over Budget.
PICA: City of Philadelphia’s General Fund Revenues for FY16: $81.1 Million Higher Than Projected — Fund Balance $36.4 Million Higher than Projected
Press Release announcing PICA report on the FY16Q4 QCMR. PICA: City of Philadelphia’s General Fund Revenues for FY16: $81.1 Million Higher Than Projected—Fund Balance $36.4 Million Higher Than Projected
PICA: City of Philadelphia’s Tax Revenue $23.5 Million Higher than Projected
Press Release announcing PICA report on the FY16Q3 QCMR. City of Philadelphia’s Tax Revenue $23.5 Million Higher than Projected.
June 18, 2024 Board Meeting Minutes
The PICA Board met on June 18, 2024, to approve auditing and accounting service contracts for the Authority. The Board also discussed the upcoming FY2025-2029 Five-Year Plan and financial challenges facing the City.
July 25, 2024 Board Meeting Minutes
The PICA Board met on July 25, 2024, to approve the FY2025-2029 Five-Year Financial Plan, elect Board Officers, and approve the FY25 Board Meeting Calendar. The Board discussed financial risks, including staffing shortages, pension obligations, and declining fund balances.
January 16, 2024 Board Meeting Minutes
The PICA Board met on January 16, 2024, to review the City’s FY23 financial performance, approve conference expenses, and discuss leasing options for PICA’s office space. The Board also examined City staffing trends and budget allocations.
February 20, 2024 Board Meeting Minutes
The PICA Board met on February 20, 2024, to approve the Authority’s FY25 Operating Budget and select new legal counsel. The Board also discussed City financial trends, including budget surpluses and the ongoing lease renegotiation for PICA’s office.
March 19, 2024 Board Meeting Minutes
The PICA Board met on March 19, 2024, to approve contract extensions for revenue analysis services and legal counsel. The Board also received updates on the City’s upcoming FY25-29 budget, staffing challenges, and financial forecasts.
April 16, 2024 Board Meeting Minutes
The PICA Board met on April 16, 2024, to discuss the City’s FY25-29 budget review process, upcoming financial reports, and lease terms for PICA’s office space. The Board approved a lease extension that reduces rental costs while maintaining the current office location.
July 25, 2023 Board Meeting Minutes
The PICA Board met on July 25, 2023, to approve the FY2024-2028 Five-Year Financial Plan and elect officers for the new fiscal year. Discussions covered budget projections, pension funding, and tax policy changes.