HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #2732
Date: 07/31/2017
Commission Meeting Date: 09/19/2017
Requesting Department: General
Employees' and Sanitation Employees'
Retirement Trust
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Annual Budget FY '18 - GESE Excess Benefit Plan
Purpose of Item:
To approve the budget for the City of Miami General Employees' & Sanitation
Employees' Excess Benefit Plan for Fiscal Year 2017/2018, in the amount not to exceed
$115,707, excluding the actuarially determined annual benefit payment, to provide for
the administration of the GESE Excess Benefit Plan.
Background of Item:
Under Section 40-265 of the City of Miami Code, the Board of Trustees is appointed as
the committee to administer the City of Miami General Employees' & Sanitation
Employees' Excess Benefit Plan (GESE Excess Benefit Plan"); and at the March 17,
2017, The Board of Trustees approved this budget.
Budget Impact Analysis
Item is an Expenditure
Item is NOT Related to Revenue
Total Fiscal Impact:
$115,707
General Employees' and Sanitation
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
Employees' Retirement Trust
08/08/2017 10:00 AM
Fred Pericles
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
Edgard Hernandez Department Head
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
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed and Attested by the City Clerk Completed
08/08/2017 10:20 AM
08/14/2017 9:53 AM
08/14/2017 10:59 AM
08/16/2017 4:09 PM
08/16/2017 7:46 PM
08/21/2017 6:20 PM
08/22/2017 8:44 AM
09/05/2017 5:57 PM
09/14/2017 5:05 PM
09/19/2017 5:05 PM
09/20/2017 4:01 PM
09/20/2017 4:09 PM
City of Miami
Legislation
Resolution
Enactment Number: R-17-0443
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 2732 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
GENERAL EMPLOYEES' & SANITATION EMPLOYEES' EXCESS BENEFIT PLAN
("GESE EXCESS BENEFIT PLAN"), ATTACHED AND INCORPORATED, FOR THE
FISCAL YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30,
2018 IN THE AMOUNT OF $115,707.00, EXCLUDING THE ACTUARIALLY
DETERMINED ANNUAL BENEFIT PAYMENT, TO PROVIDE FOR THE
ADMINISTRATION OF THE GESE EXCESS BENEFIT PLAN.
WHEREAS, under Section 40-265 of the Code of the City of Miami, Florida, as
amended, the Board of Trustees for the General Employees' and Sanitation Employees'
("Trustees") is appointed as the committee to administer the City of Miami General Employees'
and Sanitation Employees' Excess Benefit Plan ("GESE Excess Benefit Plan"); and
WHEREAS, an annual budget is required to properly administer the GESE Excess
Benefit Plan; and
WHEREAS, the Trustees reviewed and approved the GESE Excess Benefit Plan
proposed budget for Fiscal Year 2017-2018 on March 17, 2017; and
WHEREAS, the Trustees request the approval of the GESE Excess Benefit Plan
proposed budget for the Fiscal Year commencing October 1, 2017 and ending September 30,
2018 in the amount of $115,707.00, excluding the actuarially determined annual benefit
payment, to provide for the administration of the GESE Excess Benefit Plan;
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 Excess Benefit Plan 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 $115,707.00, excluding the actuarially determined annual benefit payment, to
provide for the administration of the GESE Excess Benefit Plan, 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: