HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #4594
Date: 08/02/2018
Commission Meeting Date: 09/13/2018
Type:
Subject:
Trust
Requesting Department: Firefighters' and
Police Officers' Retirement Trust
Sponsored By:
District Impacted: All
Resolution
Approve Annual Budget FY '19 - Firefighters' and Police Officers' Retirement
Purpose of Item:
Request approval of Administrative Cost Budget for the Fire and Police Retirement
Trust for Fiscal Year 2018-2019 in the amount of $2,128,469.00.
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 Related to Revenue
Item is an Expenditure
Total Fiscal Impact:
$2,128,469.00
Firefighters' and Police Officers' Retirement Trust
Review Completed
Office of Management and Budget
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
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Reviewed B
08/04/2018 11:00 AM
Fred Pericles
Carolina Aguila
Christopher M Rose
Fernando Casamayor
Nikolas Pascual
Valentin J Alvarez
Barnaby L. Min
Victoria Mendez
Nicole Ewan
Mayor's Office
City Clerk's Office
City Clerk's Office
Dania Orta Department Head
Budget Analyst Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Completed
Skipped
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
08/08/2018 3:51 PM
08/08/2018 4:29 PM
08/24/2018 11:47 AM
08/24/2018 2:18 PM
08/27/2018 11:06 AM
08/27/2018 4:24 PM
08/27/2018 4:28 PM
08/29/2018 2:41 PM
09/13/2018 5:05 PM
09/24/2018 4:22 PM
09/24/2018 4:51 PM
09/24/2018 10:24 PM
City of Miami
Legislation
Resolution
Enactment Number: R-18-0394
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4594 Final Action Date:9/13/2018
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 $2,128,469.00 TO PROVIDE FOR THE ADMINISTRATION OF THE FIPO
RETIREMENT TRUST FUND FOR THE FISCAL YEAR COMMENCING OCTOBER 1,
2018, AND ENDING SEPTEMBER 30, 2019.
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
annual budget for Fiscal Year 2018-2019 on May 3, 2018, in the amount of $2,128,469.00; and
WHEREAS, the Trustees request the approval of the FIPO Retirement Trust Fund
annual budget for the Fiscal Year commencing October 1, 2018, and ending September 30,
2019, in the amount of $2,128,469.00, attached and incorporated;
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 annual budget, attached and
incorporated, for the Fiscal Year commencing October 1, 2018, and ending September 30,
2019, in the amount of $2,128,469.00, 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: