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File #: 2017-2134    Version:
Type: Ordinance Status: Passed Finally
File created: 11/17/2017 In control: Committee on Finance and Law
On agenda: 12/6/2017 Final action: 12/12/2017
Enactment date: 12/12/2017 Enactment #: 50
Effective date: 12/20/2017    
Title: Ordinance supplementing the Pittsburgh Code, Title Two, Fiscal, Article I, Administration, by adding language to Chapter 219 - Operating Budget, so as to codify Act 47 best practices and Intergovernmental Cooperation Authority requirements regarding the City's Annual Operating Budget. (Briefing Held 12-4-17)
Indexes: PGH. CODE ORDINANCES TITLE 02 - FISCAL
Attachments: 1. Summary 2017-2134.docx
Title
Ordinance supplementing the Pittsburgh Code, Title Two, Fiscal, Article I, Administration, by adding language to Chapter 219 - Operating Budget, so as to codify Act 47 best practices and Intergovernmental Cooperation Authority requirements regarding the City's Annual Operating Budget.
(Briefing Held 12-4-17)

Body
The Council of the City of Pittsburgh hereby enacts as follows:

Section1. The Pittsburgh Code, Title Two, Fiscal, Article I, Administration, is hereby supplemented as follows:

? 219.2 - Five Year Plan
In addition to the requirements of Chapter 503 of the Home Rule Charter, the annual operating budget approved by Council shall also include a five year plan.
a. The Five Year Plan shall consist of the proposed budgetary year and a projection for revenues, expenditures, operating result and fund balance for the following four years utilizing generally accepted forecasting methodology.
b. The projected fund balance must shall be minimally maintained at Ten Percent (10%) through each year of the 5 Year Plan with a target goal of between Twelve and One half Percent (12.5%) and Sixteen and seven-tenths Percent (16.7%) with an optimum goal of Sixteen and Seven Tenths percent (16.7) . The percentage should be calculated by dividing the fund balance by total general fund expenditures for that fiscal year.
?219.3 [Intergovernmental Cooperation Authority Budget Process] Collaborative Budgeting Process
So long as the Pittsburgh Intergovernmental Cooperation Authority (ICA), pursuant to State Act 11 of 2004, is in existence, then the mayor shall concurrently submit the budget presented to the ICA to City Council. After termination of the ICA, the Mayor shall present a preliminary operating and capital budget to City Council on or prior to September 30 of each calendar year. The proposed budgets shall continue to be presented on the second Monday of the eleventh month of each fiscal year, pursuant to Chapter 505 of the Home Rule Charter.
a. The Office o...

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