Summary
PICA adopted Resolution No. 2018-04, approving a revised Five-Year Financial Plan for FY2018-FY2022, submitted on September 5, 2017. The revision accounts for increased costs resulting from an arbitration award for members of the Fraternal Order of Police. PICA staff reviewed the financial impact of these changes and determined that the revised plan met statutory requirements. The resolution confirms that the plan adjustments are fiscally responsible and aligned with long-term financial stability. The Board approved the plan unanimously, ensuring that the City remains in compliance with financial oversight requirements. This resolution takes effect immediately.