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 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 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 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.

The PICA Board met on February 26, 2020, to approve the FY2021 PICA Operating Budget and discuss City financial trends. The Board approved Resolution 2020-07, adopting the budget while highlighting concerns about rising overtime costs.

The PICA Board met on January 21, 2020, to review tax revenue performance, approve refunding bonds, and discuss real estate tax appeals. The Board also examined PICA’s future role, with discussions on extending oversight beyond its scheduled termination.

The PICA Board met on October 15, 2019, to discuss bond refunding, tax revenue updates, and rising Fire Department overtime costs. The Board approved Resolution 2020-06, adopting a Post-Issuance Compliance Policy for bond management.

The PICA Board met on September 17, 2019, to discuss the approval of a bond refunding resolution, the findings of the Police Court Overtime Study, and the City’s financial reporting. The Board approved Resolution 2020-05, authorizing bond refunding while emphasizing the need for cost control.

The PICA Board held a special meeting on August 26, 2019, to review potential bond refunding and discuss underwriter selections. The meeting was recessed and reconvened on September 6 and September 9, 2019, to finalize selections for underwriters and bond counsel.

The PICA Board met on July 16, 2019, to approve the FY2020-2024 Five-Year Financial Plan and discuss revenue forecasts, school district contributions, and overtime spending. The Board approved Resolution 2020-01, endorsing the plan while raising concerns about financial risks.

The PICA Board met on June 18, 2019, to review financial reports, approve resolutions for arbitrage rebate services and financial advisors, and discuss the upcoming Five-Year Plan review. The Board approved Resolutions 2019-12 and 2019-13, engaging Parker Bond Consulting and hiring financial advisors for a potential bond refunding.

The PICA Board met on May 21, 2019, to approve investment management changes, discuss tax revenue performance, and review overtime spending. The Board approved Resolutions 2019-10 and 2019-11, transferring SWAP Reserve Funds to U.S. Bank and finalizing a settlement agreement.