HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
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*'`off 1, File ID: #12062
Date: 06/02/2022 Requesting Department: Firefighters' and
Police Officers' Retirement Trust
Commission Meeting Date: 09/10/2022 Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Annual Budget FY '23 - Firefighters' and Police Officers' Retirement
Trust
Purpose of Item:
Request approval of Administrative Cost Budget for the Fire and Police Retirement
Trust for Fiscal Year 2022-2023 in the amount of $2,244,059
Background of Item:
As per Ordinance No.10002 adopted by the City Commission on June 13, 1985,
authorizing a Board of Trustees to administer Fire Fighters' and Police Officers'
Retirement Trust Fund and fund the budget required to properly administer said Trust
Fund.
Budget Impact Analysis
Item is Related to Revenue
Item is an Expenditure
Total Fiscal Impact:
$ 2,244,059
Reviewed By
Firefighters' and Police Officers' Retirement Trust
Review Completed
06/02/2022 3:51 PM
Office of Management and Budget
Fred Pericles
Office of Management and Budget
Marie Gouin
City Manager's Office
Natasha Colebrook -Williams
City Manager's Office
Arthur Noriega V
Legislative Division
Valentin J Alvarez
Office of the City Attorney
Xavier Alban
Office of the City Attorney
Carolina Aguila
Office of the City Attorney
Victoria Mendez
City Commission
Nicole Ewan
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Office of the City Clerk
City Clerk's Office
Dania Orta
Department Head
Budget Analyst Review
Completed
Budget Review
Completed
Assistant City Manager Review
Completed
City Manager Review
Completed
Legislative Division Review
Completed
ACA Review
Completed
Deputy City Attorney Review
Skipped
Approved Form and Correctness
Completed
Meeting
Completed
Signed by the Mayor
Completed
Signed and Attested by the City Clerk
Completed
Rendered
Completed
06/14/2022 11:26 PM
06/15/2022 8:19 PM
06/15/2022 10:33 PM
06/21/2022 5:49 PM
06/22/2022 12:09 PM
08/05/2022 3:32 PM
06/22/2022 12:21 PM
08/10/2022 11:24 AM
09/10/2022 10:00 AM
09/12/2022 1:32 PM
09/12/2022 1:52 PM
09/12/2022 1:52 PM
of
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11 °° Legislation 3500 Pan American Drive
g Miami, FL 33133
Resolution www.miamigov.com
Enactment Number: R-22-0316
File Number: 12062 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 FIRE
FIGHTERS' AND POLICE OFFICERS' RETIREMENT TRUST FUND ("FIPO
RETIREMENT TRUST FUND"), ATTACHED AND INCORPORATED AS EXHIBIT "A,"
IN THE AMOUNT OF $2,244,059.00, TO PROVIDE FOR THE ADMINISTRATION OF
THE FIPO RETIREMENT TRUST FUND FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023.
WHEREAS, Section 40-194 of the Code of the City of Miami, Florida, as amended,
authorizes the Board of Trustees ("Trustees") to administer the City of Miami Fire Fighters' and
Police Officers' Retirement Trust Fund (TIPO Retirement Trust Fund"); and
WHEREAS, an annual budget is required to properly administer the FIPO Retirement
Trust Fund; and
WHEREAS, the Trustees reviewed and approved the FIPO Retirement Trust Fund
budget for Fiscal Year 2022-2023 on April 21, 2022; and
WHEREAS, the Trustees request the approval of the FIPO Retirement Trust Fund
budget for the Fiscal Year commencing October 1, 2022, and ending September 30, 2023, in
the amount of $2,244,059.00, attached and incorporated as Exhibit "A;"
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 FIPO Retirement Trust Fund's budget, attached and incorporated as
Exhibit "A," for the Fiscal Year commencing October 1, 2022, and ending September 30, 2023,
in the amount of $2,244,059.00, to provide for the administration of the FIPO 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.
APPROVED AS TO FORM AND CORRECTNESS:
Vf t6ria-Vrd6z, City Attor iey 8/10/2022