HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #4592
Date: 08/02/2018
Commission Meeting Date: 09/27/2018
Requesting Department: General
Employees' and Sanitation Employees'
Retirement Trust
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Approve Annual Budget FY '19 - GESE Trust 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 2018/2019, in the amount not to exceed
$112,477, 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 23,
2018, The Board of Trustees approved this budget.
Budget Impact Analysis
Item is NOT Related to Revenue
Item is an Expenditure
Total Fiscal Impact:
$112,477
General Employees' and Sanitation
Review Completed
Office of Management and Budget
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
City Manager's Office
Office of the City Attorney
Office of the City Attorney
City Commission
Legislative Division
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Legislative Division
Reviewed B
Employees' Retirement Trust
08/08/2018 5:03 PM
Fred Pericles
Carolina Aguila
Christopher M Rose
Fernando Casamayor
Valentin J Alvarez
Nikolas Pascual
Barnaby L. Min
Victoria Mendez
Nicole Ewan
Valentin J Alvarez
Valentin J Alvarez
Nicole Ewan
Mayor's Office
City Clerk's Office
Valentin J Alvarez
Edgard Hernandez Department Head
Budget Analyst Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
Legislative Division Review
City Manager Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Legisaltive Division Review
Deputy Attorney Review
Meeting
Signed by the Mayor
Completed
Skipped
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Skipped
Completed
Completed
Signed and Attested by the City Clerk Completed
Legislative Division Review Completed
08/08/2018 5:19 PM
08/17/2018 9:08 AM
08/24/2018 11:45 AM
08/24/2018 2:19 PM
08/27/2018 9:18 AM
08/27/2018 11:04 AM
08/27/2018 11:24 AM
08/29/2018 2:37 PM
09/13/2018 5:05 PM
09/18/2018 8:51 AM
09/18/2018 8:51 AM
09/27/2018 5:05 PM
10/09/2018 3:27 PM
10/09/2018 4:38 PM
03/07/2019 10:52 AM
Office of the City Attorney
Office of the City Attorney
Legislative Division
Office of the City Attorney
Office of the City Attorney
Office of the City Clerk
Barnaby L. Min
Victoria Mendez
Valentin J Alvarez
Barnaby L. Min
Victoria Mendez
City Clerk's Office
Deputy Attorney Review
Approved Form and Correctness
Legislative Division Review
Deputy Attorney Review
Approved Form and Correctness
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
03/07/2019 4:40 PM
03/19/2019 7:08 PM
03/21/2019 3:09 PM
03/22/2019 11:42 AM
03/25/2019 5:43 PM
09/09/2020 5:05 PM
City of Miami
Legislation
Resolution
Enactment Number: R-18-0423
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4592 Final Action Date:9/27/2018
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, IN THE
AMOUNT OF $112,477.00 TO PROVIDE FOR THE ADMINISTRATION OF THE GESE
EXCESS BENEFIT PLAN FOR THE FISCAL YEAR COMMENCING OCTOBER 1,
2018, AND ENDING SEPTEMBER 30, 2019.
WHEREAS, Sections 40-243 and 40-265 of the Code of the City of Miami, Florida, as
amended, authorize the Board of Trustees ("Trustees") 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 budget
for Fiscal Year 2018-2019 on March 23, 2018; and
WHEREAS, the Trustees requested the approval of the GESE Excess Benefit Plan
budget for the Fiscal Year commencing October 1, 2018, and ending September 30, 2019, in
the amount of $112,477.00; and
WHEREAS, on September 13, 2018, the Miami City Commission discussed and
deferred until today's September 27, 2018 meeting the consideration of the GESE Excess
Benefit Plan budget for the Fiscal Year commencing October 1, 2018 and ending September
30, 2019, and approved the amount of $112,477.00 to provide for the administration of the
GESE Excess Benefit Plan, which will be reconsidered by the Trustees at tomorrow's
September 28, 2018 meeting;
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 GESE Excess Benefit Plan budget for Fiscal Year 2018-2019, attached
and incorporated, in the amount of $112,477.00 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.'
APPROVED AS TO FORM AND CORRECTNESS:
rt6 ia" f dez, ity Attar
3/25/2019
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.