PICA retained Charles Swanson to review and analyze revenue assumptions in the City’s FY2020-FY2024 Five-Year Financial Plan, for a fee not exceeding $9,000. This engagement ensures PICA can assess the accuracy and reasonableness of the City’s financial projections.

PICA approved the City of Philadelphia’s FY2019-FY2023 Five-Year Financial Plan, confirming that it meets statutory requirements. The approval ensures that the City’s financial projections and budget planning align with legal and fiscal standards.

PICA retained Baker Tilly International to conduct a study on the City of Philadelphia’s Police Court Overtime practices, with a contract limit of $105,000. The study aims to improve efficiency and accountability in police-related court overtime expenses.

PICA approved a revised Five-Year Financial Plan for FY2019-FY2023 to incorporate increased health and welfare costs negotiated through collective bargaining. The revised plan ensures compliance with statutory requirements and reflects updated financial projections.

PICA approved a revised Five-Year Financial Plan for FY2018-FY2022 to incorporate the costs of arbitration awards for Correctional Officers, Sheriff’s Officers, and Register of Wills employees. The revised plan ensures compliance with statutory requirements and reflects updated financial projections.

PICA approved a request from the City of Philadelphia to defer the submission of a required Five-Year Financial Plan revision related to a new arbitration award for the International Association of Fire Fighters (IAFF). The City will instead include the financial impact of the award in its upcoming FY2019-FY2023 Plan.

PICA retained Parker Bond Consulting to provide arbitrage rebate consulting services for the reporting period ending June 30, 2018. The contract, valued at $4,000, ensures compliance with federal tax regulations regarding bond proceeds.

PICA approved the official meeting schedule for FY2019 and set the date for its FY2020 annual meeting, ensuring compliance with the Pennsylvania Sunshine Act. The resolution formalizes meeting dates and locations for the Authority’s fiscal year.

PICA elected its officers for a one-year term, appointing Mr. Vaughan as Chairperson, Mr. Kessler as Vice Chairperson, Mr. Karp as Secretary/Treasurer, and Mr. Cawley as Assistant Secretary/Treasurer. This election, held at the Board’s annual meeting, aligns with PICA’s bylaws and statutory requirements.

PICA reappointed J. Miller & Associates, LLC to provide accounting services for the fiscal year ending June 30, 2018, with two additional one-year renewal options. This engagement ensures continuity in financial reporting and compliance.

PICA retained Charles Swanson to review and analyze revenue assumptions in the City’s FY2019-FY2023 Five-Year Financial Plan, for a fee not exceeding $9,000. This engagement ensures PICA can assess the accuracy and reasonableness of the City’s financial projections.

PICA approved its FY2019 Operating Budget, ensuring continued funding for the Authority’s financial oversight responsibilities. The approved budget will be submitted to the Governor and General Assembly of Pennsylvania.