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File Number: 07-01040
Final Action Date:
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}
APPROVED AS TO FORM AND CORRECTNESS:
JORGE L. FERNANDEZ
CITY ATTORNEY
City of Miami Page 1 of 2 Printed On: 8/29/2007
File Number: 07-01040
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 2 of 2 Printed On: 8/29/2007