HomeMy WebLinkAboutR-22-0314City of Miami
Resolution R-22-0314
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Legislation
File Number: 12357
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 9/10/2022
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' RETIREMENT
TRUST ("GESE RETIREMENT TRUST FUND"), ATTACHED AND
INCORPORATED AS EXHIBIT "A," IN THE AMOUNT OF $3,053,661,
EXCLUDING NORMAL COSTS, AS ACTUARIALLY DETERMINED, TO
PROVIDE FOR THE ADMINISTRATION OF THE GESE RETIREMENT TRUST
FUND FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2022, AND
ENDING SEPTEMBER 30, 2023.
WHEREAS, Section 40-243 of the Code of the City of Miami, Florida, as amended ("City
Code"), authorizes the Board of Trustees ("Trustees") to administer the City of Miami General
Employees' and Sanitation Employees' Retirement Trust Fund ("GESE Retirement Trust Fund");
and
WHEREAS, an annual budget is required to properly administer the GESE Retirement
Trust Fund; and
WHEREAS, the Trustees reviewed and approved the GESE Retirement Trust Fund
budget for Fiscal Year 2022-2023 on March 18, 2022; and
WHEREAS, the Trustees request the approval of the GESE Retirement Trust Fund
budget for the Fiscal Year commencing October 1, 2022, and ending September 30, 2023, in
the amount of $3,053,661, excluding normal costs as actuarially determined;
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 Retirement Trust Fund Fiscal Year 2022-2023 budget, attached
and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2022, and ending
September 30, 2023, in the amount of $3,053,661, excluding normal costs, as actuarially
determined to provide for the administration of the GESE Retirement Trust Fund, 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.
City of Miami Page 1 of 2 File ID: 12357 (Revision:) Printed On: 911512022
File ID: 12357
Enactment Number: R-22-0314
APPROVED AS TO FORM AND CORRECTNESS:
1
i 4naindez, City Attor iey 8/24/2022
City of Miami Page 2 of 2 File ID: 12357 (Revision:) Printed on: 9/15/2022