The PICA Board met on February 24, 2021, to approve the FY2022 PICA Operating Budget and recognize departing Board Member Tina Byles Williams. The Board also discussed the City’s potential FY2022 budget deficit and overtime control measures.

The PICA Board met on March 16, 2021, to review tax revenue reports and discuss the impact of federal stimulus funding on the City’s budget. The Board also examined overtime trends and labor contract negotiations.

The PICA Board met on April 20, 2021, to discuss tax revenue updates, financial projections, and the City’s FY2022-2026 Five-Year Plan. The Board approved Resolution 2021-13, extending Charles Swanson’s consulting contract for revenue analysis.

The PICA Board met on May 26, 2021, to approve an arbitrage services contract and discuss departmental overtime usage. The Board approved Resolution 2021-14, engaging The Arbitrage Group for FY2021.

The PICA Board met on October 20, 2020, to approve financial resolutions and discuss the City’s overtime reduction strategies. The Board approved capital project funding reallocations for the Fire and Police Departments under Resolutions 2021-05 and 2021-06.

The PICA Board met on December 1, 2020, to approve the termination of Basis Cap investments and review the City’s overtime spending. The Board passed Resolution 2021-08, authorizing the termination of Basis Caps, yielding a net termination payment of $404,000.

The PICA Board met on January 19, 2021, to reappoint Executive Director Harvey Rice and discuss the City’s overtime reduction plan. The Board approved Resolution 2021-09, extending Rice’s leadership, and Resolution 2021-10, recognizing departing Board Member James F. Cawley.

The PICA Board met on May 14, 2020, for a special session to discuss revisions to the FY2020-2024 Five-Year Plan and financial risks posed by the COVID-19 pandemic. The Board approved Resolution 2020-10, allowing the City to withdraw its current plan and submit a revised version by June 12, 2020.

The PICA Board met on June 16, 2020, to discuss tax revenue projections, wage tax impacts from remote work, and overtime control measures. The Board approved Resolutions 2020-11 and 2020-12, engaging J. Miller & Associates for accounting services and Parker Bond Consulting for arbitrage calculations.

The PICA Board met on July 21, 2020, to approve the FY2021-2025 Five-Year Financial Plan and discuss the City’s revenue forecasts. The Board approved Resolution 2021-01, endorsing the Plan with conditions on overtime monitoring and financial reporting.

The PICA Board met on September 15, 2020, to discuss City overtime spending, tax revenue reports, and the settlement of LIBOR litigation. The Board approved Resolution 2021-04, authorizing the Executive Director and Chairperson to execute LIBOR settlement agreements.

The PICA Board met on April 21, 2020, to review financial reports, approve audit services, and discuss revenue risks related to the pandemic. The Board approved Resolutions 2020-08 and 2020-09, engaging Maher Duessel for auditing services and Charles Swanson for revenue analysis.