HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #2654
Date: 07/24/2017
Commission Meeting Date: 09/19/2017
Requesting Department: Firefighters' and
Police Officers' Retirement Trust
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Annual Budget FY'18 - FIPO
Purpose of Item:
Request approval of Administrative Cost Budget for the Fire and Police Retirement
Trust for Fiscal Year 2017-2018 in the amount of $2,086,709.00.
Background of Item:
As per Ordinance No. 10002 adopted by the City Commission on June 13, 1985,
authorizing a Board of Trustees to administer the Fire Fighters' and Police Officers'
Retirement Trust Fund and fund the budget required to properly administer the Trust
Fund.
Budget Impact Analysis
Item is an Expenditure
Item is Related to Revenue
Total Fiscal Impact:
$2,086,709.00
Firefighters' and Police Officers' Retirement Trust
Review Completed
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
Office of the City Attorney
City Commission
City Commission
Office of the Mayor
Office of the City Clerk
Reviewed B
08/04/2017 12:11 PM
Adine Cordero
Christopher M Rose
Fernando Casamayor
Fernando Casamayor
Marta Gomez
Xavier Alban
Barnaby L. Min
Victoria Mendez
Nicole Ewan
Nicole Ewan
Mayor's Office
City Clerk's Office
Dania Orta
Budget Analyst Review
Budget Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Meeting
Signed by the Mayor
Department Head
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed and Attested by the City Clerk Completed
08/04/2017 12:33 PM
08/14/2017 9:52 AM
08/14/2017 10:59 AM
08/16/2017 3:50 PM
08/16/2017 7:43 PM
08/17/2017 3:42 PM
08/18/2017 8:59 AM
08/23/2017 8:54 PM
09/14/2017 5:05 PM
09/19/2017 5:05 PM
09/20/2017 4:00 PM
09/20/2017 4:08 PM
City of Miami
Legislation
Resolution
Enactment Number: R-17-0441
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 2654 Final Action Date:9/19/2017
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, IN THE AMOUNT
OF $2,086,709.00, TO PROVIDE FOR THE ADMINISTRATION OF THE FIPO
RETIREMENT TRUST FUND FOR THE FISCAL YEAR COMMENCING OCTOBER 1,
2017 AND ENDING SEPTEMBER 30, 2018.
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 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 2017-2018 on May 4, 2017; and
WHEREAS, the Trustees request the approval of the FIPO Retirement Trust Fund
budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018, in the
amount of $2,086,709.00;
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 2017-2018 budget, attached
and incorporated, for the Fiscal Year commencing October 1, 2017 and ending September 30,
2018, in the amount of $2,086,709.00, 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.
APPROVED AS TO FORM AND CORRECTNESS: