City of Philadelphia - File #: 020059

• File #: 020059
• Version: 1
• Type: Resolution
• Status: ADOPTED
• File created: 2/5/2002
• In control: Select Committee on Fiscal Stability and Intergovernmental Cooperation
• Final action: 5/2/2002
• Title: Providing for the approval by the Council of the City of Philadelphia of a Revised Five Year Financial Plan for the City of Philadelphia covering Fiscal Years 2003 through 2007, and incorporating proposed changes with respect to Fiscal Year 2002, which is to be submitted by the Mayor to the Pennsylvania Intergovernmental Cooperation Authority (the "Authority") pursuant to the Intergovernmental Cooperation Agreement, authorized by an ordinance of this Council approved by the Mayor on January 3, 1992 (Bill No. 1563-A), by and between the City and the Authority.
• Sponsors: Councilmember Blackwell
• Indexes: FIVE YEAR PLAN

Date	Ver.	Action By	Action	Result	Tally
5/2/2002	1	CITY COUNCIL	ADOPTED
4/25/2002	0	Select Committee on Fiscal Stability and Intergovernmental Cooperation	HEARING HELD
4/25/2002	0	Select Committee on Fiscal Stability and Intergovernmental Cooperation	AMENDED
4/25/2002	1	Select Committee on Fiscal Stability and Intergovernmental Cooperation	REPORTED FAVORABLY
4/25/2002	1	CITY COUNCIL	FAVORABLY RECOMMENDED; CONSIDERATION AT NEXT STATED COUNCIL MEETING
4/23/2002	0	Select Committee on Fiscal Stability and Intergovernmental Cooperation	HEARING NOTICES SENT
4/23/2002	0	Select Committee on Fiscal Stability and Intergovernmental Cooperation	HEARING HELD
4/23/2002	0	Select Committee on Fiscal Stability and Intergovernmental Cooperation	RECESSED
2/11/2002	0	Select Committee on Fiscal Stability and Intergovernmental Cooperation	HEARING NOTICES SENT
2/11/2002	0	Select Committee on Fiscal Stability and Intergovernmental Cooperation	HEARING HELD
2/11/2002	0	Select Committee on Fiscal Stability and Intergovernmental Cooperation	RECESSED
2/5/2002	0	CITY COUNCIL	Introduced	Pass
2/5/2002	1	CITY COUNCIL	Referred

Title
Providing for the approval by the Council of the City of Philadelphia of a Revised Five Year Financial Plan for the City of Philadelphia covering Fiscal Years 2003 through 2007, and incorporating proposed changes with respect to Fiscal Year 2002, which is to be submitted by the Mayor to the Pennsylvania Intergovernmental Cooperation Authority (the "Authority") pursuant to the Intergovernmental Cooperation Agreement, authorized by an ordinance of this Council approved by the Mayor on January 3, 1992 (Bill No. 1563-A), by and between the City and the Authority.
Body
WHEREAS, The General Assembly of the Commonwealth of Pennsylvania has enacted the Pennsylvania Intergovernmental Cooperation Authority Act for Cities of the First Class (Act of June 5, 1991, P.L. No. 6) (the "Act"); and

WHEREAS, In accordance with the Act, the Pennsylvania Intergovernmental Cooperation Authority (the "Authority") has been created and an Intergovernmental Cooperation Agreement (the "Agreement") has been entered into by the Authority and the City; and

WHEREAS, The Agreement provides, in Section 4.01 ("Submission of Financial Plan"), that at least one hundred (100) days prior to the beginning of each fiscal year the Mayor shall submit to the Authority a revised Financial Plan (the "Revised Plan") prepared in accordance with the provisions of the Agreement and the Act which shall include revenues and expenditures of the Covered Funds (as defined in the Agreement and the Act) for five (5) fiscal years of the City consisting of the fiscal year beginning on the July 1, next following the date such Plan is required to be submitted to the Authority and the next four (4) fiscal years thereafter; and

WHEREAS, Bill No. 1563-A which was signed by the Mayor on January 3, 1992, provides that prior to the submission of any Revised Plan to the Authority, such Revised Plan must be submitted to City Council for preliminary approval by resolution if such Revised Plan will require the...