The Board heard updates on staffing, labor negotiations, and the City’s FY25 fund balance, and approved the use of surplus bond proceeds for the Cobbs Creek Wetland Mitigation Project. PICA staff reported on recent publications, ongoing intergovernmental coordination, and the upcoming Fall Forum, while independent auditors presented a clean opinion on PICA’s FY25 financial statements….

At this meeting, the Board will receive updates from the City regarding its Annual Financial Report for FY25 and Quarterly City Managers Report for the first quarter of FY26, along with reports from the Executive Director and Treasurer. Members will review the minutes from the October 21, 2025 meeting. Public comment and new business will…

The PICA Board approved a 3.3 percent increase in compensation for the Executive Director, effective November 1, 2025, in line with cost of living adjustments received by members of PICA’s staff. The resolution also adjusts the Executive Director’s paid leave accrual rate to reflect updated benefits. These changes recognize strong performance over the past year…

The PICA Board approved the use of up to $10 million in surplus PICA bond proceeds to support the Cobbs Creek Wetland Mitigation Project, a public-private initiative led by the Cobbs Creek Foundation. The project will restore three miles of stream and 25 acres of wetlands, improving flood mitigation, water quality, and community access to…

The Board approved the City’s FY26–30 Five-Year Plan after staff confirmed it met PICA Act requirements, with members highlighting labor reserves, staffing assumptions, and funding for schools and SEPTA. The Board also approved resolutions renewing audit and accounting services, re-electing current Board officers, and adopting the FY26 meeting schedule. Staff reported on the release of…

At this meeting, the Board will hear a presentation on a capital funding request for Cobbs Creek, as well as the FY25 audit report from Maher Duessel. Members will receive updates from the City, along with reports from the Executive Director and Treasurer, and consider two resolutions—one related to a capital funding appropriation for Cobbs…

The Board discussed the City’s unaudited FY24 financial results, which showed a $314 million increase in fund balance due to staffing vacancies and higher interest earnings, along with updated Q1 projections for FY25. PICA staff reported on recent and upcoming publications, professional development efforts, and progress on contracts for grants administration analysis and website redesign….

The Board approved resolutions for a website redesign by Karma Dharma, a grants administration analysis contract with Guidehouse, and a compensation adjustment for the Executive Director, following an executive session. Updates from the City covered labor negotiations, upcoming financial reports, and changes in leadership, while PICA staff shared updates on recent publications, the FY24 audit,…

The PICA Board approved its schedule of regular meetings for Fiscal Year 2026 and the Annual Meeting for Fiscal Year 2027, as required under the Pennsylvania Sunshine Act. Meetings will be held monthly at 12:15 p.m. in PICA’s conference room at 1500 Walnut Street, with details also available on the Authority’s website. The resolution ensures…

The PICA Board elected officers for a one-year term at its annual meeting, as required by the PICA Act and the Authority’s bylaws. Kevin Vaughan was elected Chairperson, Alan Kessler as Vice Chairperson, Michael Karp as Secretary/Treasurer, and Rosalind Sutch as Assistant Secretary/Treasurer. The resolution took effect immediately upon its approval.

The PICA Board approved the first one-year renewal of its contract with J. Miller & Associates, LLC to provide accounting services for the period from July 1, 2025 through June 30, 2026. The renewal is based on a prior agreement that allows for up to four one-year extensions at the Authority’s discretion. The resolution authorizes…

The PICA Board approved the first one-year renewal of its contract with Maher Duessel LLP to provide financial auditing services for the fiscal year ending June 30, 2026. This renewal covers services from January 1 to December 31, 2026, and includes an option for further annual renewals at the Authority’s discretion. The resolution authorizes necessary…