Summary
The PICA Board convened on June 20, 2023, to discuss financial matters and approve key resolutions related to banking and tax revenue transfers. Executive Director Harvey Rice provided an update on PICA’s staffing and overtime analysis, highlighting department-specific challenges. The Board reviewed responses to the RFP for depository banking services and, following deliberation, selected Firstrust Bank over Wells Fargo due to better financial terms. Additionally, the Board approved a temporary City Account Agreement with U.S. Bank while transitioning to the new provider. The meeting concluded with discussions on City hiring challenges, overtime usage, and workforce retention initiatives.