HomeMy WebLinkAboutO-12427City of Miami
Legislation
Ordinance: 12427
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 03-0152 Final Action Date: 10/23/2003
(4/5THS VOTE)
AN EMERGENCY ORDINANCE OF THE MIAMI CITY COMMISSION AMENDING
CHAPTER 18, ARTICLE IX/DIVISION 2 OF THE CODE OF THE CITY OF MIAMI,
FLORIDA, AS AMENDED, ENTITLED "FINANCIAL INTEGRITY PRINCIPLES" TO
REVISE THE DUE DATE FOR THE MULTI -YEAR CAPITAL IMPROVEMENTS
PLAN; CONTAINING A REPEALER PROVISION, A SEVERABILITY CLAUSE
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City recognizes it has made improvements in its financial position through
adherence to financial "best practices;" and
WHEREAS, the City has formalized a series of financial principles, many of which are currently
utilized by the City, which will serve as the basis for governing the City's finances in the future; and
WHEREAS, the City desires to revise the due date for the Multi -Year Capital Improvements
Plan contained in Chapter 18, Article IX/Division 2 of the Code of the City of Miami, Florida, as
amended, entitled "Financial Integrity Principles;"
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Ordinance are adopted
by reference and incorporated as if fully set forth in this Section.
Section 2. Chapter 18, Article IX/Division 2 of the Code of the City of Miami, Florida, as
amended, entitled "Financial Integrity Principles," is amended in the following particulars: {1}
"Chapter 18
FINANCE
ARTICLE IX. FINANCIAL POLICIES
DIVISION 2. FINANCIAL INTEGRITY PRINCIPLES
Sec. 18-542. The Financial Integrity Principles.
City of Miami
Page 1 of 3 File Id: 03-0152 (Version: 2) Printed On: 8/17/2016
File Number: 03-0152 Enactment Number: 12427
The following Financial Integrity Principles are adopted:
8. Multi -Year Capital Improvement Plan - The City Commission shall annually adopt a Capital
Improvements Plan ("CIP") by October 31st November 30th of each year. The CIP shall address
cost estimates for all necessary infrastructure improvements needed to support City services,
including information technology, with an adequate repair and replacement ("R&R") component.
Funded, partially funded and unfunded projects shall be clearly delineated. The CIP shall be
detailed for the current fiscal year and for five additional years and, if practicable, additional
required improvements aggregated for two additional five year periods. To the extent feasible,
department heads shall be required to submit independent needs assessments for their
departments for use in preparing the CIP. The CIP will be detailed by fund, include recommended
project prioritization rankings, identified revenue sources, planned financing options and unfunded
projects. The CIP shall include estimates of the operational impacts produced for the operation of
the capital improvements upon their completion. The CIP shall include a component reflecting all
on -going approved capital projects of the City, the date funded, amount budgeted, amount spent
since the start date, remaining budget, fiscal impact of known changes to financial assumptions
underlying the project, estimated expenditures by fiscal year for the project and estimated
completion date. Approved projects, with circumstances that arise which change the funding
requirements of the project, shall be addressed in the CIP annually.
* * * * * *11
Section 3. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict
with the provisions of this Ordinance are repealed.
Section 4. If any section, part of section, paragraph, clause, phrase or word of this Ordinance is
declared invalid, the remaining provisions of this Ordinance shall not be affected.
Section 5. This Ordinance is declared to be an emergency measure on the grounds of urgent
public need for the preservation of peace, health, safety, and property of the City of Miami, and
upon the further grounds of the necessity to make the required and necessary payments to its
employees and officers, payment of its debts, necessary and required purchases of goods and
supplies, and to generally carry on the functions and duties of municipal affairs.
Section 6. The requirement of reading this Ordinance on two separate days is dispensed with
by an affirmative vote of not less than four -fifths of the members of the Commission.
Section 7. This Ordinance shall become effective immediately upon its adoption and signature
of the Mayor.{2}
City of Miami Page 2 of 3 File Id: 03-0152 (Version: 2) Printed On: 8/17/2016
File Number: 03-0152 Enactment Number: 12427
Footnotes:
{1} Words and/or figures stricken through shall be deleted. Underscored words and/or figures
shall be added. The remaining provisions are now in effect and remain unchanged. Asterisks
indicate omitted and unchanged material.
{2} If the Mayor does not sign this Ordinance, it shall become effective at the end of ten calendar
days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall
become effective immediately upon override of the veto by the City Commission.
City of Miami Page 3 of 3 File Id: 03-0152 (Version: 2) Printed On: 8/17/2016