Publications

The agenda outlines the regular board meeting for November 19, 2024, including reports from the City of Philadelphia, the Executive Director, and the Treasurer. The meeting will also include public comment and discussion of new business.

PICA’s Tariffs and the Philadelphia Budget issue brief examines the potential impact of proposed federal tariffs on the City's economy, revenue streams, and expenditures, with recommendations for mitigation strategies.

PICA’s Fact Sheet on the City of Philadelphia's FY24 Annual Financial Report (AFR) provides a detailed, unaudited assessment of the City of Philadelphia’s actual revenue, expenditures, and fund balances for the fiscal year. The report reveals a significantly higher General Fund balance of $943 million—well above prior estimates—due to higher-than-expected revenues and lower-than-expected spending, particularly on salaries and benefits.

PICA’s Housing Trust Fund Fact Sheet details the City's dedicated funding for affordable housing programs, highlighting a 157% increase in the fund's budget since FY14 and major investments in housing stability, repairs, and development.

PICA’s Grants Revenue Fund Fact Sheet reviews the City's reliance on federal, state, and private grant funding, which accounted for $1.5 billion in revenue in FY23, with the largest share supporting human services and public health programs.

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 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 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.

The agenda for the October 22, 2024, meeting includes standard reports and the consideration of three resolutions related to website design, grants administration, and executive director compensation. The Board will also review minutes from the previous meeting and discuss new business.

The Pennsylvania Intergovernmental Cooperation Authority (PICA) FY24 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 Capital Budget Fact Sheet outlines the City's planned infrastructure investments, highlighting $8.3 billion in commitments over six years for non-enterprise funds and major allocations for transit and streets projects.

PICA’s Transportation Fund Fact Sheet examines the newly created fund, which centralizes revenue sources for street paving and transportation investments, reducing reliance on the General Fund.

PICA’s FY24 Annual Overtime Report analyzes the City of Philadelphia’s $262.2 million in overtime spending, which accounted for 12.0% of Class 100 obligations. The report examines key cost drivers, departmental underspending, and the continued impact of staffing vacancies.

PICA’s Measuring the Accuracy of Spending Projections issue brief assesses Philadelphia’s ability to project expenditures, finding it is the second-most accurate among 15 peer cities, with a mean error of ±2.0%.

The fourth quarter FY24 QCMR projects General Fund revenues at $5.95 billion, $66.5 million below the Five-Year Plan, while obligations have increased to $6.34 billion, $140.1 million higher than projected. The final year-end fund balance is estimated at $628.0 million, $99.0 million above the Five-Year Plan, representing 10.6% of revenues​.

The FY25 Police Court Overtime Progress report highlights the City’s successful efforts in reducing excessive overtime costs related to police testimony, achieving an $8 million reduction since FY18.