Summary
The PICA Board convened on May 19, 2015, to conduct financial oversight and approve administrative matters. Executive Director Harvey Rice presented the FY16 Operating Budget, which increased slightly due to higher audit fees, but achieved savings in PICA’s IT system. The Board approved the budget and reviewed tax revenue performance, highlighting strong wage tax collections but concerns over the Fire Department exceeding its overtime budget. Discussions also included updates on the Five-Year Plan review process and the financial impact of legislative changes on the Department of Human Services caseload. The meeting concluded with a discussion on the estimated costs for the Pope’s visit, anticipated reimbursements, and upcoming City Council hearings on real estate and wage tax policies.