The PICA Board met on November 16, 2021, to review the City’s Revised FY2022-2026 Five-Year Financial Plan and discuss financial risks. The Board approved the revised plan, noting concerns over pension funding and overtime spending.

The PICA Board met on June 10, 2021, to discuss delayed submission of the City’s revised FY2022-2026 Five-Year Financial Plan due to new labor contracts. The Board approved Resolution 2022-04, extending the submission deadline.

The PICA Board met on September 14, 2021, to review tax revenue reports, the City’s overtime spending, and federal funding for Hurricane Ida recovery. The Board also discussed the upcoming PICA fall conference and the potential need for a revised FY2022-2026 Five-Year Plan.

The PICA Board met on July 27, 2021, to approve the FY2022-2026 Five-Year Financial Plan and discuss budget stabilization reserve funding. The Board also elected officers for the new fiscal year and approved the FY2022 meeting schedule.

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 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 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 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 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 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 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.