PICA approved its FY2026 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 Charles Swanson to review and analyze revenue assumptions in the City’s FY2026-FY2030 Five-Year Financial Plan, for a fee not exceeding $9,000. This engagement ensures that PICA can assess the accuracy and reasonableness of the City’s financial projections.

PICA selected Karma Dharma to provide website design services, following a competitive RFP process in which 14 proposals were evaluated. The contract, valued at up to $30,000, includes the redesign of PICA’s website and four one-year renewal options at PICA’s discretion.

PICA reappointed Marisa G. Waxman as Executive Director for a new term, effective January 29, 2025. The appointment remains in effect until a successor is appointed, or her employment is otherwise terminated or resigned.

PICA renewed Ballard Spahr LLP’s engagement as General Counsel for one additional year, retroactive to February 20, 2025. The renewal follows the terms of the original agreement, which allows for three one-year renewal options at PICA’s discretion.

PICA approved the City of Philadelphia’s FY2025-FY2029 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 4.25% salary increase for Executive Director Marisa Waxman, raising her base salary effective November 1, 2024. The resolution also adjusts her vacation leave accrual rate to 9.3% of regular hours worked, capped at 24.3 days per year.

PICA engaged Guidehouse to provide grants administration analysis and best practices recommendations for the City of Philadelphia, with services running from October 23, 2024, to June 30, 2025. The contract, based on a competitive RFP process, is valued at up to $175,000.

PICA retained J. Miller & Associates, LLC to provide accounting services for the fiscal year ending June 30, 2025, with four one-year renewal options. The engagement follows a competitive RFP process in which J. Miller was the sole respondent and was deemed qualified for the role.

PICA reappointed Maher Duessel, LLP to provide financial auditing services for the fiscal year ending June 30, 2025, with four one-year renewal options. The selection followed a competitive RFP process in which Maher Duessel was the sole respondent and was deemed the best-qualified firm.

PICA approved its meeting schedule for FY2025 and set the annual meeting date for FY2026, ensuring compliance with the Pennsylvania Sunshine Act. The resolution formalizes meeting dates, times, 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 Ms. Sutch as Assistant Secretary/Treasurer. This election, held at the Board’s annual meeting, aligns with PICA’s bylaws and statutory requirements.