October 5, 2016 Meeting

On October 5, 2016 the ICA Board held a Public Meeting for its 3rd Quarterly Meeting of 2016. This meeting included a number of informational presentation on the City’s Draft 2017 Operating and Capital Budgets by the City Finance Department. The Board approved the ICA’s FY2016-17 Operating Budget, the ICA’s FY2017-18 Appropriation request; the City of Pittsburgh’s current five-year financial plan; retroactively approved the City of Pittsburgh’s completed 2015 Operating and Capital Budgets; and approved the City of Pittsburgh’s 2016 Operating and Capital Budgets. The Board also took action to authorize the transfer of the remaining balance of accrued interest in the amount of $6,266.29 in the ACT 71 Encumbrance Account into the City of Pittsburgh Pension Fund; to authorize the transfer of $67,911.66 from the 2nd Quarter 2016 Gaming Revenue Reserve Account into the City of Pittsburgh’s General Fund to fulfill the anticipated revenue of $10 million into that account; and the transfer of the balance of the 2nd Quarter 2016 gaming revenue in the amount of $1,253,870.58 directly into the City of Pittsburgh Pension Fund.

Links to media coverage of this meeting is included below:

http://triblive.com/news/adminpage/11259518-74/casino-ica-million

http://www.post-gazette.com/local/city/2016/10/06/Peduto-s-budget-plan-wins-conditional-approval-from-ICA-board/stories/201610060123