Summary
The Board received updates on the City’s budget process, economic risks related to federal policy, and ongoing Five-Year Plan analysis, including assumptions around vacancies and fund balances. Guidehouse presented recommendations for centralizing grants administration, projecting potential annual returns of $26 million, though Board members expressed concern about feasibility given federal uncertainty. The meeting also covered recent PICA publications, outreach efforts, website upgrades, and a reaffirmation of the rationale behind the March resolution recommending the consolidation of certain row offices.