Publications

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'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.

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.

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.

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'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.

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.

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.

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.

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'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.

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.

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.

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.

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.

The first quarter FY12 QCMR projects General Fund revenues at $3.5 billion, slightly above the Five-Year Plan estimate, but obligations are expected to rise by $9.5 million. The projected year-end fund balance stands at $50.8 million, nearly $10 million below the original estimate.