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File Number: 07-01040 Final Action Date: 9/11/2007
A DISCUSSION OF THE MIAMI CITY COMMISSION REGARDING 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"), FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2007, AND
ENDING SEPTEMBER 30, 2008, IN THE AMOUNT OF $1,962,134, EXCLUDING
NORMAL COST, TO PROVIDE FOR THE ADMINISTRATION OF THE FIPO
RETIREMENT TRUST FUND.
WHEREAS, pursuant to Ordinance No. 10002, adopted June 13, 1985, the City Commission
authorized a Board of Trustees to administer the City of Miami Fire Fighters' and Police Officers'
Retirement Trust Fund ("FIPO Retirement Trust Fund"); and
WHEREAS, a budget is required to properly administer the FIPO Trust Fund; and
WHEREAS, the budget of the FIPO Trust Fund for Fiscal Year 2007-2008 to operate has been
reviewed by the Board of Trustees of the FIPO and found to be acceptable;
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 annual budget of the FIPO Trust Fund for the Fiscal Year commencing October 1,
2007, and ending September 30, 2007, attached and incorporated, in the amount of $1,962,134,
excluding normal cost, to provide for the operation of the FIPO Fund, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
Footnotes:
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar day
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 1 File Id: 07-01040 (Version: 11 Printed On: 4/7/2017