HomeMy WebLinkAboutR-13-0352City of Miami
Legislation
Resolution: R-13-0352
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00875 Final Action Date: 9/12/2013
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 FOR THE
FISCAL YEAR COMMENCING OCTOBER 1, 2013 AND ENDING SEPTEMBER 30,
2014, IN THE AMOUNT OF $2,087,114, WITH THE AMOUNT AMORTIZED IN
ACTUARIAL NORMAL COST AS STATED IN ACTUARIAL REPORT DATED JUNE
16, 2011.
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 2013-2014 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 the actuarial report dated July 3, 2013;
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, 2013 and ending September 30, 2014, attached and incorporated, in the
amount of $2,087,114, with the amount amortized in the actuarial normal cost as stated in the
actuarial report dated July 3, 2013, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor.{1}
Footnotes:
City of Miami
Page 1 of 2 File Id: 13-00875 (Version: 2) Printed On: 9/15/2017
File Number: 13-00875 Enactment Number: R-13-0352
{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: 13-00875 (Version: 2) Printed On: 9/15/2017