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Featured Publications
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Summary FY26 Q3
May 28, 2026
The City’s projected FY26 General Fund balance is now anticipated to reach $799.8M (12.6% of revenues), growing by $290.6M from Q2 to Q3. This increase is encouraging but was made possible in large part by non-recurring factors, like an additional $144.3M in liquidated prior-year encumbrances, reduced obligations due to later-than-anticipated bond issuance, Labor Reserve realignment,…
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on Quarterly Overtime
Quarterly OT Report FY26 Q3
May 28, 2026
Citywide overtime spending reached $216.0 million through FY26 Q3, $13.6 million lower than the same period in FY25, though full-year overtime is still projected to reach $344.1 million. Overtime remains driven by persistent vacancies, pay increases, snow event response, and increased special events. Improved staffing helped reduce the General Fund vacancy rate to 13.9 percent,…
PICA Reports on Philadelphia's Five-Year Plan
Fact Sheet
Proposed FY27-31 Five-Year Plan Fiscal Highlights
March 17, 2026
Philadelphia’s proposed FY27–31 Five-Year Plan maintains positive fund balances in each year, but projects operating deficits in four of five years and a steady decline in reserves over time. Revenues are expected to grow by 10.3 percent over the Plan period, driven primarily by local taxes, while spending growth is more modest but still exceeds…
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Report FY14 Q4
August 18, 2014
The fourth quarter FY14 QCMR projects General Fund revenues at $3.82 billion, $88.1 million above the Five-Year Plan, while obligations increased by $21.9 million. The year-end fund balance is estimated at $184.7 million, reflecting stronger-than-expected revenue performance.
Board Materials
Minutes
July 21, 2014 Board Meeting Minutes
July 21, 2014
The PICA Board met on July 21, 2014, to approve the FY2015-2019 Five-Year Financial Plan and discuss tax enforcement strategies. The Board debated cost-cutting measures and concerns over the accuracy of City revenue projections.
PICA Reports on Philadelphia's Five-Year Plan
Staff Report on the City of Philadelphia's Five-Year Plan
PICA Staff Report on the City of Philadelphia’s FY15-19 Five-Year Plan
July 21, 2014
PICA's Staff Report on The Five-Year Financial Plan for FY15-19 evaluates Philadelphia’s budgetary framework, focusing on revenue diversification, expenditure controls, and financial risk mitigation.
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Report FY14 Q3
May 18, 2014
The third quarter FY14 QCMR projects General Fund revenues at $3.84 billion, $107.0 million above the Five-Year Plan, with obligations projected at $3.99 billion, $98.7 million higher than planned. The year-end fund balance is expected to be $119.8 million, reflecting an improved fiscal position.
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Report FY14 Q2
February 18, 2014
The second quarter FY14 QCMR projects General Fund revenues at $3.82 billion, $92.9 million above the Five-Year Plan, while obligations are projected to increase by $102.9 million. The year-end fund balance is projected at $101.5 million, reflecting a modest increase in fiscal reserves.
PICA Annual Report
Annual Report
PICA Annual Report FY2013
December 30, 2013
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY13 Annual Report provides an overview of the Authority's activities, financial oversight, and analysis of the City of Philadelphia’s fiscal condition over the past year. It includes key findings from PICA’s financial reviews, budget analyses, and policy recommendations aimed at ensuring the City's long-term financial stability as well as the Authority's financial statements and report from its auditors.
PICA Reports on Philadelphia's Five-Year Plan
Staff Report on the City of Philadelphia's Five-Year Plan
PICA Staff Report on the City of Philadelphia’s FY14-18 Five-Year Plan
September 17, 2013
PICA's Staff Report on The Five-Year Financial Plan for FY14-18 outlines Philadelphia’s fiscal priorities and financial projections, focusing on expenditure control, revenue enhancements, and strategies to ensure long-term fiscal health.
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Report FY13 Q3
June 7, 2013
The third quarter FY13 QCMR projects General Fund revenues at $3.68 billion, $107.8 million above the Five-Year Plan, while obligations have risen $95.3 million above estimates. The year-end fund balance is projected at $140.9 million, an increase of $59.6 million from the original Plan projection.
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Report FY13 Q2
February 18, 2013
The second quarter FY13 QCMR projects General Fund revenues at $3.61 billion, $50.7 million above the Five-Year Plan, but obligations also increased by $31.7 million. The projected year-end fund balance is now $114.9 million, slightly lower than in Q1 but still above the Plan estimate.
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Report FY13 Q1
November 18, 2012
The first quarter FY13 QCMR projects General Fund revenues at $3.59 billion, an increase of $23.6 million over the Five-Year Plan, but also notes obligations exceeding estimates by $34.9 million. The projected year-end fund balance is $117.9 million, which is $36.5 million above the original Plan estimate.
PICA Annual Report
Annual Report
PICA Annual Report FY2012
November 1, 2012
The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY12 Annual Report provides an overview of the Authority's activities, financial oversight, and analysis of the City of Philadelphia’s fiscal condition over the past year. It includes key findings from PICA’s financial reviews, budget analyses, and policy recommendations aimed at ensuring the City's long-term financial stability as well as the Authority's financial statements and report from its auditors.
PICA Reports on Philadelphia's Five-Year Plan
Staff Report on the City of Philadelphia's Five-Year Plan
PICA Staff Report on the City of Philadelphia’s FY13-17 Five-Year Plan
September 5, 2012
PICA's Staff Report on The Five-Year Financial Plan for FY13-17 sets Philadelphia’s financial direction, balancing economic growth strategies with fiscal responsibility to sustain long-term budget stability.
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Report FY12 Q4
August 18, 2012
The fourth quarter FY12 QCMR projects General Fund revenues at $3.54 billion, $19.5 million above the Five-Year Plan, with obligations now $8.1 million higher than projected. The final year-end fund balance is estimated at $70.2 million, reflecting improved financial performance.
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Report FY12 Q3
May 18, 2012
The third quarter FY12 QCMR projects General Fund revenues at $3.53 billion, $15.3 million above the Five-Year Plan, with obligations expected to be $6.2 million higher than planned. The projected year-end fund balance increases to $65.4 million, reflecting stronger-than-expected tax revenues.
PICA Reports on Philadelphia's Financial Reports
PICA Staff Report on QCMR
QCMR Report FY12 Q2
February 18, 2012
The second quarter FY12 QCMR projects General Fund revenues at $3.52 billion, $14.5 million above the Five-Year Plan, with obligations expected to be $4.0 million higher. The projected year-end fund balance improves to $59.7 million, up from previous estimates.
Government Operations, Efficiency, & Performance
Issue Paper
An Efficiency and Effectiveness Study of the Philadelphia Fire Department
January 1, 2012
The Efficiency and Effectiveness Study of the Philadelphia Fire Department evaluates the department’s operations, identifying areas for improved resource allocation, response times, and service delivery.