HomeMy WebLinkAboutR-14-0312City of Miami
Legislation
Resolution: R-14-0312
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00775 Final Action Date: 9/9/2014
A RESOLUTION OF THE CITY OF MIAMI COMMISSION, WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE ANNUAL BUDGET OF THE CITY OF MIAMI
GENERAL EMPLOYEES' AND SANITATION EMPLOYEES' RETIREMENT TRUST
FUND ("GESE RETIREMENT TRUST FUND"), ATTACHED AND INCORPORATED,
FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2014, AND ENDING
SEPTEMBER 30, 2015, IN THE AMOUNT NOT TO EXCEED $2,894,169.00,
EXCLUDING NORMAL COSTS, TO PROVIDE FOR THE ADMINISTRATION OF THE
GESE RETIREMENT TRUST FUND.
WHEREAS, Section 40-243 of the Code of the City of Miami, Florida, as amended, authorizes
the Board of Trustees ("Trustees") to administer the City of Miami General Employees' and Sanitation
Employees' Retirement Trust Fund ("GESE Retirement Trust Fund"); and
WHEREAS, an annual budget is required to properly administer the GESE Retirement Trust
Fund, and
WHEREAS, the budget of the GESE Retirement Trust Fund for Fiscal Year 2014 - 2015 has
been reviewed on March 21, 2014 by the Trustees of the GESE Retirement Trust Fund and found to
be acceptable; and
WHEREAS, on the date hereof, the Miami City Commission has modified and reduced the
GESE Retirement Trust Fund budget for Fiscal Year 2014-2015 from the proposed amount of not to
exceed $3,255,936.00 by $361,767.00 to the approved amount of not to exceed $2,894,169.00 to
remain the same as the previous Fiscal Year 2013-2014 GESE Retirement Trust Fund budget,
attached and incorporated as "Approved Budget Exhibit";
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 GESE Retirement Trust Fund for Fiscal Year
commencing October 1, 2014, and ending September 30, 2015, in the amount not to exceed
$2,894,169.00, excluding normal costs, to provide for the administration of the GESE Retirement
Trust Fund, as in the attached and incorporated "Approved Budget Exhibit", is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
City of Miami
Page 1 of 2 File Id: 14-00775 (Version: 21 Printed On: 2/8/2018
File Number: 14-00775 Enactment Number: R-14-0312
signature of the Mayor.{1}
Footnotes:
{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 2 of 2 File Id: 14-00775 (Version: 21 Printed On: 2/8/2018