Summary
The PICA Board convened on July 25, 2018, to review and approve the City’s FY2019-2023 Five-Year Financial Plan. Executive Director Harvey Rice presented the staff analysis, highlighting improvements in fund balances but cautioning about long-term pension liabilities. The Board approved Resolution 2019-01, formally endorsing the plan but recommending additional oversight on labor costs and revenue projections. Additionally, the Board passed Resolution 2019-02, electing officers for the fiscal year, and Resolution 2019-03, formalizing the FY2019 meeting schedule. The meeting concluded with discussions on tax revenue stability, pending litigation, and workforce recruitment in public safety agencies.