HomeMy WebLinkAboutComposite Exhibit ACOMPOSITE EXHIBIT A
1. Portion of Minutes of FIPO Retirement Trust Board of Trustees meeting of April
10, 2019, with motion, approval, and all attachments thereto approving Fiscal
Year 2019-2020 Budget for Administration, and
2. Budget Template for Fiscal Year 2019-2020 for the FIPO Retirement Trust Board
of Trustees
MINUTES OF THE REGULAR MEETING OF
THE CITY OF MIAMI FIRE FIGHTERS' AND POLICE OFFICERS'
RETIREMENT TRUST
Members Present
O. Cotera
N. Enriquez
T. Gabriel
S. MacDonald
T. Roell
R. Suarez
A. Valdivia
Also Present
R. Klausner
Members Absent
M. Fernandez
Vacant
April 10, 2019
Appointed by the City Commission
Elected by the Fire Fighters
Appointed by the City Commission
Elected by the Police Officers
Appointed by the City Commission
Elected by the Fire Fighters
Elected by the Police Officers
Legal Advisor
Appointed by the City Commission
Appointed by the City Manager
Chairman O. Cotera called the meeting to order at 8:30 a.m. with a quorum being present.
APPROVAL OF MINUTES
The minutes of the Regular Meeting of March 6, 2019, were reviewed. The minutes were
approved by a motion from T. Roell, a second from 5. MacDonald and a unanimous vote.
RATIFICATION OF PAYMENT
Payments for the period were reviewed. A motion was made by N. Enriquez and
seconded by A. Valdivia to ratify payments presented. The motion was approved
unanimously.
ADMINISTRATIVE BUDGET
Personnel. Committee reported they had met and reviewed the proposed administrative
budget for fiscal year 2019 — 2010. The Committee recommended approval of the
proposed budget in the amount of $2,210,096. Discussion ensued. A motion was made
by A. Valdivia and seconded by N. Enriquez to approved the administrative cost budget
of $2,210,096.00 for Fiscal Year 2019-2010. The motion was approved unanimously.
MINUTES OF THE REGULAR MEETING OF THE CITY OF MIAMI
FIRE FIGHTERS' AND POLICE OFFICERS' RETIREMENT TRUST
April 10, 2019 Page 2 of 2
ATTORNEY'S REPORT
Attorney R. Klausner reported on the following:
• Still waiting for response on the motion to dismiss the Castro case
• Dismissed Officer S. Harris was served, in jail, with the Notice of Forfeiture.
Attorney received and accepted a request from her attorney for an extension on
the time to respond.
• A bill was introduced changing minimum distribution age from 70 to 72 1/2.
ADMINISTRATOR'S REPORT
• The Administrator reviewed with the Board a request from Dodge & Cox to allow
them to hold Telecom Italia SPA, a below grade security, until its maturity, June
18, 2019. A motion was made by T. Gabriel and seconded by T. Roell to approve
the request. The motion was approved unanimously.
• Administrator reported she had received paperwork on the dismissal of Officer D.
Hernandez who plead guilty to charges filed in District Court. Legal Counsel
reported that he had reviewed all legal documents and recommended the Board
move forward with forfeiture proceedings. Discussion ensued. A motion was
made by T. Gabriel and seconded by T. Roell to direct Legal Counsel to send
proper forfeiture notification. The motion was approved unanimously.
CONFERENCES DURING THE PERIOD
T. Gabriel made a motion and it was seconded by N. Enriquez to approve the attendance
of any member interested in attending conferences listed for the period. The motion was
approved unanimously.
Being no further business. the meeting was adjourned at 9:35 a.m. by a motion by T.
Gabriel a second by A. Valdivia and a unanimous vote.
rnel Cotera, Chairman
Dania Orta, Administrator
CITY OF MIAMI FIRE FIGHTERS' AND POLICE OFFICERS' RETIREMENT TRUST
Budget Template FY 2019-20 Proposed Budget
FY 2015-16 Actual
FY 2016-17 Actual
FY 2017-18 Actual
FY 2018-19 Budget
FY 2018-19 Projected FY 2019-20 Proposed
Difference
Notes
Number of Full -Time Positions
5
5
5
5
5
5
0
Are any positions funded in other budgets?
no
no
no
no
no
no
Revenues
CITY OF MIAMI
$2,029,168
$2,058,798
$2,086,709
$2,128,469
$2,128,469
$2,210,096
+$123,387
Revenue Grand Total
$2,029,168
$2,058,798
$2,086,709
$2,128,469
$2,128,469
$2,210,096
$123,387
Expenditures
Regular Salary and Wages
$426,499
$431,719
$452,059
$466,028
$466,028
$480,008
+$27,949
Special Pay (severance pay)
$30,598
$21,703
$18,270
$4,000
$4,000
$3,150
-$15,120
Fringe Benefits
$32,187
$27,616
$33,001
$35,602
$35,602
$36,145
+$3,144
FICA Taxes
$33,114
$32,614
$34,698
$38,375
$38,375
$39,486
+$4,788
Retirement Contributions
$52,273
$58,542
$58,542
$61,100
$61,100
$47,400
-$11,142
Life and Health Insurance
$48,688
$53,846
$48,224
$56,031
$56,031
$48,877
+$653
Workers' Compensation
$1,421
$1,573
$1,385
$1,900
$1,900
$1,900
+$515
Professional Services - Legal
$101,427
$53,315
$188,171
$142,000
$142,000
$142,000
-$46,171
Professional Services
$833,179
$713,949
$671,670
$729,790
$729,790
$811,100
+$139,430
Accounting and Auditing
$40,500
$44,847
$46,672
$43,000
$43,000
$48,000
+$1,328
Other Contractual Services
$0
$0
$6,254
$4,000
$4,000
$3,000
-$3,254
Travel and Per Diem
$35,852
$23,231
$31,023
$30,000
$30,000
$30,000
-$1,023
Communications and Related Services
$6,947
$6,456
$8,368
$9,095
$9,095
$9,975
+$1,607
Postage
$15,606
$14,957
$9,813
$8,411
$8,411
$2,502
-$7,311
Utility
$16,093
$17,006
$13,338
$17,200
$17,200
$17,110
+$3,772
Rentals and Leases
$141,421
$144,438
$149,021
$146,848
$146,848
$150,748
+$1,727
Repair and Maintenance Services
$21,423
$111,956
$165,713
$168,026
$168,026
$168,824
+$3,111
Printing and Binding
$0
$0
$0
$0
$0
$0
$0
Advertising and Related Costs
$0
$0
$0
$0
$0
$0
$0
Office Supplies
$11,997
$9,641
$7,280
$15,000
$15,000
$15,000
+$7,720
Subscriptions, Memberships, and Licenses
$3,285
$2,952
$2,000
$2,064
$2,064
$1,755
-$245
Interfund Transfer
$0
$0
$0
$0
$0
$0
$0
Capital Projects and Purchases
$34,569
$51,155
$11,142
$30,000
$30,000
$10,000
-$1,142
All Other Expenditures(fiduciaryliab ins)
$98,589
$114,590
$126,705
$120,000
$120,000
$143,116
416,411
Budget Reserve
$0
$0
$0
$0
$0
$0
$0
Expenditure Grand Total
$1,985,668
$1,936,107
$2,083,349
$2,128,469
$2,128,469
$2,210,096
$126,747
Revenues Minus Expenditures
$43,500
$122,691
$3,360
$o
so
so
Printed: 7/30/2019 11:23 AM
-$3,360
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