HomeMy WebLinkAboutBack-Up DocumentsMINUTES OF THE REGULAR MEETING OF
THE CITY OF MIAMI FIRE FIGHTERS' AND POLICE OFFICERS' RETIREMENT
TRUST
Members Present
O. Cotera
N. Enriquez
M. Fernandez
T. Gabriel
D. Kahn
S. MacDonald
T. RoeII
A. Valdivia
Also Present
R. Klausner
D. Winegardner
Members Absent
R. Suarez
April 20, 2023
Appointed by the City Commission
Elected by the Fire Fighters
Appointed by the City Commission
Appointed by the City Commission
Appointed by the City Manager
Elected by the Police Officers
Appointed by the City Commission
Elected by the Police Officers
- Legal Advisor (virtual)
- Actuary (virtual)
Elected by the Fire Fighters
Chairman O. Cotera called the meeting to order at 8:30 a.m. with a quorum
being present.
APPROVAL OF MINUTES
The minutes of the Regular Meeting of March 23, 2023 were reviewed. The
minutes were approved by a motion from T. Gabriel, a second from N. Enriquez
and a unanimous vote.
ADMINISTRATOR CONTRACT
The Personnel Committee reported that it had met on April 18th and reviewed
the Administrator's contract which comes up for renewal in September. The
Committee recommended approval of the contract as proposed. The Board
reviewed the proposed contract and approved it by a motion by N. Enriquez, a
second by A. Valdivia and a unanimous vote.
ADMINISTRATIVE BUDGET FY 2023-2024
The Personnel Committee reported that it had met on April 18th and reviewed
the proposed administrative budget for fiscal 2023-2024. The Committee
recommended approval of the proposed budget fora total of $2,079,777.00.
MINUTES OF THE REGULAR MEETING OF THE CITY OF MIAMI
FIRE FIGHTERS' AND POLICE OFFICERS' RETIREMENT TRUST
April 20, 2023 Page 2 of 2
ADMINISTRATIVE BUDGET FY 2023-2024 (continue)
This budget has a reduction of 7.3% from the administrative budget for prior
fiscal year. The proposed budget was approved by a motion by N. Enriquez, a
second by A. Valdivia and a unanimous vote.
RETIREMENTS FOR THE PERIOD
The list of retirements for the period was reviewed. T. Gabriel moved and was
seconded by N. Enriquez to ratify the retirements presented. The motion was
approved unanimously.
ADMINISTRATOR'S REPORT
The Administrator requested Board approval to move forward with
placing budget reserves in an interest baring no risk investment vehicle.
Discussion ensued. A motion was made by N. Enriquez and seconded by
D. Kahn to approve the request. The motion was approved unanimously.
The topic of starting time for Board meetings was discussed. A motion
was made by M. Fernandez and seconded by D. Kahn to change the
starting time of Board meetings to 10:00. The motion was approved
unanimously.
CONFERENCES DURING THE PERIOD
A motion was made by T. Gabriel and seconded by T. Roell to approve the
attendance of any and all Trustees to any and all conferences for the period.
Being no further business, the meeting was adjourned at 10:03 a.m. by a motion
by N. Enriquez a second by T. Roell and a unanimous vote.
Attest:
Dania Orta, Administrator
rnel Cotera, Chairman