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Miami, FL 33133
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File Number: 07-01106 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 GENERAL
EMPLOYEES' & SANITATION EMPLOYEES' RETIREMENT TRUST ("GESE
RETIREMENT TRUST FUND"), FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2007 AND ENDING SEPTEMBER 30, 2008, IN THE AMOUNT NOT
TO EXCEED $2,884,956, EXCLUDING NORMAL COST, TO PROVIDE FOR THE
ADMINISTRATION OF THE GESE RETIREMENT TRUST FUND.
WHEREAS, Ordinance No. 10002, adopted on June 13, 1985, authorized a Board of Trustees to
administer the City of Miami General Employees' & Sanitation Employees' Retirement Trust (GESE
Retirement Trust Fund"); and
WHEREAS, a budget is required to properly administer the GESE Retirement Trust Fund, and
WHEREAS, the budget of the GESE Retirement Trust Fund for Fiscal Year 2007 - 2008 has been
reviewed by the Board of Trustees of the GESE Retirement Trust Fund 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 GESE Retirement Trust Fund for Fiscal Year commencing
October 1, 2007, and ending September 30, 2008, in the amount not to exceed $2,884,956, excluding
normal cost, to provide for the administration of the GESE Retirement Trust Fund, attached and
incorporated, 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
INTERIM CITY ATTORNEY
City of Miami Page I of 2 Printed On: 8/28/2007
File Number: 07-01106
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: 8/28/2007