Summary
The PICA Board convened on October 15, 2019, to review financial reports and oversight responsibilities. Executive Director Harvey Rice presented updates on bond refunding, estimating a savings of $6.7 million. The Board approved Resolution 2020-06, formalizing PICA’s Post-Issuance Compliance Policy. Additionally, the Board received a presentation from Fire Commissioner Adam Thiel on rising overtime costs, with discussions on staffing levels and potential service reductions. The meeting concluded with concerns over the City’s ability to accurately forecast overtime needs and control spending.