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.

PICA authorized the selection of a consultant to conduct a study on the causes and solutions for City-incurred overtime costs, particularly within the Philadelphia Police Department. The Executive Director was granted authority to negotiate a contract, subject to final Board approval.

PICA approved a new office lease to replace its current lease, which was set to expire on August 31, 2018. The Executive Director was authorized to negotiate and execute a lease agreement for a new six-year term.

PICA approved the official meeting schedule for FY2018 and set the date for its FY2019 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. This election, held at the Board’s annual meeting, aligns with PICA’s bylaws and statutory requirements.

PICA approved the City of Philadelphia’s FY2018-FY2022 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 approved a revised Five-Year Financial Plan for FY2018-FY2022 to incorporate the costs of an arbitration award for police officers represented by the Fraternal Order of Police. The revised plan ensures compliance with statutory requirements and reflects updated financial projections.

PICA approved a capital project funding substitution to redirect $420,000 in surplus bond proceeds from a library facility assessment to roof repairs for several library locations. This action ensures that remaining funds are used effectively for critical infrastructure improvements.

PICA retained Charles Swanson to review and analyze revenue assumptions in the City’s FY2018-FY2022 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 FY2018 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.

PICA retained Parker Bond Consulting to provide arbitrage rebate consulting services for the reporting period ending June 30, 2017. The contract, valued at $4,000, ensures compliance with federal tax regulations regarding bond proceeds.