HomeMy WebLinkAboutAgenda Item Summary Form�G1S4 op
* 111111 IIAIF: AGENDA ITEM SUMMARY FORM
File ID: #4592
r O R l
Date: 08/02/2018 Requesting Department: General Employees' and
Sanitation Employees' Retirement Trust
Commission Meeting Date: 09/27/2018 Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Annual Budget FY'19 - GESE Trust Excess Benefit Plan
Purpose of Item:
To approve the budget for the City of Miami General Employees' & Sanitation
Employees' Excess Benefit Plan for Fiscal Year 2018/2019, in the amount not to exceed
$112,477, excluding the actuarially determined annual benefit payment, to provide for
the administration of the GESE Excess Benefit Plan.
Background of Item:
Under Section 40-265 of the City of Miami Code, the Board of Trustees is appointed as
the committee to administer the City of Miami General Employees' & Sanitation
Employees' Excess Benefit Plan (GESE Excess Benefit Plan"); and at the March 23,
2018, The Board of Trustees approved this budget.
Budget Impact Analysis
Item is NOT Related to Revenue
Item is an Expenditure
Total Fiscal Impact:
$112,477
Reviewed By
General Employees' and Sanitation Employees' Retirement Trust
Review Completed
08/08/2018 5:03 PM
Office of Management and Budget
Fred Pericles
Office of Management and Budget
Carolina Aguila
Office of Management and Budget
Christopher M Rose
City Manager's Office
Fernando Casamayor
Legislative Division
Valentin J Alvarez
City Manager's Office
Nikolas Pascual
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
City Commission
Nicole Ewan
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Valentin J Alvarez
City Commission
Nicole Ewan
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Barnaby L. Min
Edgard Hernandez Department Head
Budget Analyst Review
Completed
08/08/2018 5:19 PM
Budget Analyst Review
Skipped
08/17/2018 9:08 AM
Budget Review
Completed
08/24/2018 11:45 AM
Assistant City Manager Review
Completed
08/24/2018 2:19 PM
Legislative Division Review
Completed
08/27/2018 9:18 AM
City Manager Review
Completed
08/27/2018 11:04 AM
Deputy City Attorney Review
Completed
08/27/2018 11:24 AM
Approved Form and Correctness
Completed
08/29/2018 2:37 PM
Meeting
Completed
09/13/2018 5:05 PM
Legisaltive Division Review
Completed
09/18/2018 8:51 AM
Deputy Attorney Review
Skipped
09/18/2018 8:51 AM
Meeting
Completed
09/27/2018 5:05 PM
Signed by the Mayor
Completed
10/09/2018 3:27 PM
Signed and Attested by the City Clerk Completed
10/09/2018 4:38 PM
Legislative Division Review
Completed
03/07/2019 10:52 AM
Deputy Attorney Review
Completed
03/07/2019 4:40 PM
Approved Form and Correctness
Completed
03/19/2019 7:08 PM
Legislative Division Review
Completed
03/21/2019 3:09 PM
Deputy Attorney Review
Completed
03/22/2019 11:42 AM
Office of the City Attorney Victoria Mendez Approved Form and Correctness Completed 03/25/2019 5:43 PM
Office of the City Clerk City Clerk's Office Rendered Completed 09/09/2020 5:05 PM
City of Miami
Legislation
Resolution
Enactment Number: R-18-0423
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4592 Final Action Date:9/27/2018
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE CITY OF MIAMI
GENERAL EMPLOYEES' & SANITATION EMPLOYEES' EXCESS BENEFIT PLAN
("GESE EXCESS BENEFIT PLAN"), ATTACHED AND INCORPORATED, IN THE
AMOUNT OF $112,477.00 TO PROVIDE FOR THE ADMINISTRATION OF THE GESE
EXCESS BENEFIT PLAN FOR THE FISCAL YEAR COMMENCING OCTOBER 1,
2018, AND ENDING SEPTEMBER 30, 2019.
WHEREAS, Sections 40-243 and 40-265 of the Code of the City of Miami, Florida, as
amended, authorize the Board of Trustees ("Trustees") to administer the City of Miami General
Employees' and Sanitation Employees' Excess Benefit Plan ("GESE Excess Benefit Plan"); and
WHEREAS, an annual budget is required to properly administer the GESE Excess
Benefit Plan; and
WHEREAS, the Trustees reviewed and approved the GESE Excess Benefit Plan budget
for Fiscal Year 2018-2019 on March 23, 2018; and
WHEREAS, the Trustees requested the approval of the GESE Excess Benefit Plan
budget for the Fiscal Year commencing October 1, 2018, and ending September 30, 2019, in
the amount of $112,477.00; and
WHEREAS, on September 13, 2018, the Miami City Commission discussed and
deferred until today's September 27, 2018 meeting the consideration of the GESE Excess
Benefit Plan budget for the Fiscal Year commencing October 1, 2018 and ending September
30, 2019, and approved the amount of $112,477.00 to provide for the administration of the
GESE Excess Benefit Plan, which will be reconsidered by the Trustees at tomorrow's
September 28, 2018 meeting;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as is fully set forth in this Section.
Section 2. The GESE Excess Benefit Plan budget for Fiscal Year 2018-2019, attached
and incorporated, in the amount of $112,477.00 to provide for the administration of the GESE
Excess Benefit Plan is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
' If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
APPROVED AS TO FORM AND CORRECTNESS:
i ria ndez,'City Attor iey 8/29/2018 i ria "ndez, ity ttor ey 3/19/2019
i ria ndez, C ity Attor iey 3/25/2019
Revision B has the Scrivener's amendment by law department and per legal opinion, it may be certified
instead of Revision A