Summary
PICA adopted Resolution No. 2022-07, approving the retention of Charles Swanson for an independent review of the revenue assumptions in the City of Philadelphia’s FY2023-FY2027 Five-Year Financial Plan. The engagement follows a proposal submitted on March 21, 2022, and was recommended by PICA staff to ensure the accuracy and reasonableness of the City’s financial forecasts. Swanson will analyze revenue estimates and provide an evaluation of their reliability. His work will assist PICA in maintaining financial oversight and ensuring fiscal responsibility. The resolution authorizes the execution of necessary agreements and ratifies prior related actions. It takes effect immediately, reinforcing PICA’s commitment to rigorous financial analysis.