HomeMy WebLinkAboutR-24-0320City of Miami
Resolution R-24-0320
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16148 Final Action Date: 9/7/2024
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"), ATTACHED AND
INCORPORATED AS EXHIBIT "A", IN THE AMOUNT OF $2,039,790.00, TO
PROVIDE FOR THE ADMINISTRATION OF THE FIPO RETIREMENT TRUST
FUND FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2024, AND
ENDING SEPTEMBER 30, 2025.
WHEREAS, Section 40-194 of the Code of the City of Miami, Florida, as amended,
authorizes the Board of Trustees ("Trustees") to administer the City of Miami ("City") Fire
Fighters' and Police Officers' Retirement Trust Fund ("FIPO Retirement Trust Fund"); and
WHEREAS, an annual budget is required to properly administer the FIPO Retirement
Trust Fund; and
WHEREAS, the Trustees reviewed and approved the FIPO Retirement Trust Fund
budget for Fiscal Year 2024-2025 on April 18, 2024; and
WHEREAS, the Trustees request the approval of the FIPO Retirement Trust Fund
budget for the Fiscal Year commencing October 1, 2024, and ending September 30, 2025, in
the amount of $2,039,790.00;
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 FIPO Retirement Trust Fund's Fiscal Year 2024-2025 budget, attached
and incorporated as Exhibit "A", for the Fiscal Year commencing October 1, 2024, and ending
September 30, 2025, in the amount of $2,039,790.00, to provide for the administration of the
FIPO Retirement Trust Fund, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
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 2 File ID: 16148 (Revision:) Printed On: 9/16/2024
File ID: 16148 Enactment Number: R-24-0320
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C1ty -ttor -y 8/28/2024
City of Miami Page 2 of 2 File ID: 16148 (Revision:) Printed on: 9/16/2024