Presenter
Presented by Mr. Hertzberg
AS AMENDED
Title
An Ordinance supplementing the Pittsburgh Code, Title One, Administrative, Article V, Legislative, by adding Chapter 152 - Regular and Special Meetings with the Act 47 Coordinators and the Oversight Board, to call for meetings between a representative from the Act 47 Coordinator, the Intergovernmental Cooperation Authority for Cities of the Second Class Governing Board, the Mayor or a senior representative of his office, City Council, and the City Controller.
Body
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Pittsburgh Code, Title One, Administrative, Article V, Legislative, is hereby supplemented as follows:
§152.01 SPECIAL MEETINGS WITH THE ACT 47 COORDINATOR AND OVERSIGHT COMMITTEE BOARD - FINANCIAL STATUS REPORT
LEGISLATIVE INTENT
The purpose of these meetings is to establish a clear picture of the city's financial position; promoting strong lines of communication between all parties responsible for the financial well being of the city of Pittsburgh; and, to give the public as much access as possible to the response to the management of the city's financial crisis.
1. FINANCIAL STATUS REPORT MEETINGS
During the time that the City of Pittsburgh is either declared financially distressed pursuant to the act of July 10, 1987 (P.L. 246, No. 47), known as the Municipalities Financial Recovery Act, (Act 47) and/or during the term that an Intergovernmental Cooperation Authority For Cities of the Second Class (ICA) is established pursuant to the act of February 12, 2004 (P.L. 53, No. 11) known as the Intergovernmental Cooperation Authority Act for Cities of the Second Class (Act 11) there shall be a bi-monthly, publicly televised meeting held in City Council Chambers between the following parties:
A. Members of Council of the City of Pittsburgh ("Council")
B. Mayor, and/or the Mayor's Executive Secretary for Policy & Development ("Mayor")
C. City Controller
D. Intergovernmental Cooperation Authority Governing Board representative ("ICA")
E. 47 Coordinator representative ("Coordinator")
The Members of Council, the Controller and the Mayor, under the City of Pittsburgh Home Rule Charter, Article 3, Section 310 (f), are compelled to attend these meetings. While the City lacks direct legislative authority over the ICA and the 47 Coordinator, their participation is considered to be voluntary but in the best interest of the people of Pittsburgh.
The President of the Council of the City of Pittsburgh shall determine the time and date of the meetings. The President of Council shall chair the meeting.
There shall be at least one meeting every five (5)weeks. However, the President of Council is empowered to convene such meeting more frequentley if it is determined by the President that additional meetings are warranted.
No legislation shall be introduced nor shall there be any deliberations of any legislation pending in Council.
2. AGENDA
The agenda for the meeting shall include but not be limited to the following subjects:
Finance Report
General
Actual Revenue Projected +/- from budget target
Actual Expenditures Projected +/- from budget target
Cash Position Projected +/- from budget target
Departmental
Revenues Projected +/- from budget target
Expenditure Projected +/- from budget target
Employees
Budgeted
Full Time Part Time
Actual
Full Time Part Time +/- from budget target
Act 47 Requirements
Mayors Budget Office Report on Non-Discretionary Spending
Discretionary Spending Freeze
Director Approvals for + $1000.00
Finance Director Approvals for + $5,000.00
List of non-discretionary items
Spending Plan for each department
2004 Budget
Alternative crisis spending plan
Department on target
Department exceeding target
Personnel Director's Report
Hiring Freeze Requirement
Hiring and Termination Report (by Department)
Employee head count by Department
F/T (seasonal and year round) P/T (seasonal and year round)
Approvals for overtime (by Department/position/reason)
Major Unforeseen Events Report (description of the event and cost)
Employee Benefits
Workers Compensation costs
Pension Status - funding status
Self Insured Health Insurance Status- UPMC/Select Blue
Disability Insurance
Capital Budget
Inventory of each General Obligation and Pension Bond describing term, callable/non-callable feature, par value, principal and interest value. Refinance options.
Total Capital Debt Analysis - i.e, debt payment percent of operating cost, weighted average maturity and weighted average interest cost.
2004 Capital Projects
2004 Terminated Capital Projects
Authorities
Financial accounting position of the authorities
Employee report
Bonded Indebtedness
Intergovernmental Cooperation Authority Update
Findings to date
Current areas of examination
Contracts approved
Interim Recommendations
The agenda may include other items related to the financial condition of the city as determined by the President and/or the majority of the members of Council.