Summary
The PICA Board convened on September 15, 2020, to review key financial updates and ongoing City fiscal challenges. Executive Director Harvey Rice reported that PICA’s auditors completed the FY2020 audit, and that the City submitted multiple financial reports, including QCMR and tax revenue data. The Board discussed the City’s ongoing overtime issues, with Mr. Kessler expressing frustration over the lack of accountability in budgeting and controlling excessive overtime costs. Additionally, the Board approved Resolution 2021-04, allowing the Executive Director and Chairperson to execute settlement agreements related to the City’s LIBOR litigation claims. The meeting also included a presentation by Marissa Waxman on City overtime spending, highlighting budgetary concerns and staffing inefficiencies. Discussions concluded with public comments on overtime management and fiscal accountability.