HomeMy WebLinkAboutR-16-0388City of Miami
Legislation
Resolution: R-16-0388
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 16-01121 Final Action Date: 9/6/2016
A RESOLUTION OF THE MIAMI CITY 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,
IN THE MODIFIED AMOUNT OF $3,300,000.00, EXCLUDING NORMAL COSTS, TO
PROVIDE FOR THE ADMINISTRATION OF THE GESE RETIREMENT TRUST
FUND FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2016 AND ENDING
SEPTEMBER 30, 2017.
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 Trustees reviewed and approved the GESE Retirement Trust Fund budget for
Fiscal Year 2016-2017 on March 16, 2016; and
WHEREAS, the Trustees request the approval of the GESE Retirement Trust Fund budget for
the Fiscal Year commencing October 1, 2016 and ending September 30, 2017, in the amount of
$3,440,031.00, excluding normal costs; and
WHEREAS, on the date hereof, the Miami City Commission has modified and reduced the
GESE Retirement Trust Fund budget for Fiscal Year 2016-2017 from the proposed amount of
$3,440,031.00 for the administrative costs to the modified administrative costs amount of not to
exceed $3,300,000.00 as in the previous Fiscal Year 2015-2016 GESE Retirement Trust Fund as in
the attached and incorporated "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 if fully set forth in this Section.
Section 2. The GESE Retirement Trust Fund Fiscal Year 2016-2017 budget, attached and
incorporated, for the Fiscal Year commencing October 1, 2016 and ending September 30, 2017, in
the modified amount of $3,300,000.00, excluding normal costs, to provide for the administration of
the GESE Retirement Trust Fund as in the previous Fiscal Year 2015-2016 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: 16-01121 (Version: 2) Printed On: 1/29/2019
File Number: 16-01121 Enactment Number: R-16-0388
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: 16-01121 (Version: 2) Printed On: 1/29/2019