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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00850 Final Action Date:
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' ("FIPO") RETIREMENT TRUST FUND
FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2012 AND ENDING
SEPTEMBER 30, 2013, TO PROVIDE FOR THE OPERATION OF THE FIPO
RETIREMENT TRUST FUND, IN THE AMOUNT OF $2,044,488, WITH THE
AMOUNT AMORTIZED IN ACTUARIAL NORMAL COST AS STATED IN THE
ACTUARIAL REPORT DATED JUNE 16, 2012.
WHEREAS, Ordinance No. 10002 was adopted by the City Commission on June 13, 1985,
authorizing a Board of Trustees to administer the City of Miami Fire Fighters' and Police Officers'
("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 2012-2013 to operate, has been
reviewed by the Board of Trustees of the FIPO Retirement Trust Fund and found to be acceptable and
amortized in actuarial normal cost as stated in actuarial report dated June 22, 2012;
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 fully set forth in this Section.
Section 2. The annual budget of the FIPO Retirement Trust Fund for the Fiscal Year
commencing October 1, 2012 and ending September 30, 2013, to provide for the operation of the
FIPO Retirement Trust Fund, in the amount of $2,044,488, attached and incorporated, with the amount
amortized in the Actuarial Normal Costas stated in the actuarial report dated June 22, 2012, 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
JULIE O.BRU
CITY ATTORNEY siak
City of Miami
Page 1 of 2 File Id: 12-00850 (Version: 1) Printed On: 8/1/2012
File Number: 12-00850
Footnotes:
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten 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 2 of 2 File Id: 12-00850 (Version: 1) Printed On: 8/1/2012