HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #7761
Date: 08/12/2020
Commission Meeting Date: 09/10/2020
Type:
Subject:
Trust
Requesting Department: Firefighters' and
Police Officers' Retirement Trust
Sponsored By:
District Impacted:
Resolution
Approve Annual Budget FY '21 - Firefighters' and Police Officers' Retirement
Purpose of Item:
Request approval of Administrative Cost Budget for the Fire and Police Retirement
Trust for Fiscal Year 2020-2021 in the amount of $2,181,634
Background of Item:
As per Ordinance No.10002 adopted by the City Commission on June 13, 1985,
authorizing a Board of Trustees to administer Fire Fighters' and Police Officers'
Retirement Trust Fund and fund the budget required to properly administer said Trust
Fund.
Budget Impact Analysis
Item is an Expenditure
Item is Related to Revenue
Total Fiscal Impact:
$ 2,181,634
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
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Reviewed B
08/17/2020 8:49 AM
Fred Pericles
Christopher M Rose
Fernando Casamayor
Arthur Noriega V
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 Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Unsigned by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
08/25/2020 10:03 AM
08/26/2020 6:26 AM
08/26/2020 8:11 AM
08/26/2020 4:04 PM
08/26/2020 4:31 PM
08/26/2020 6:06 PM
08/27/2020 10:27 AM
09/10/2020 5:05 PM
09/11/2020 7:17 PM
09/11/2020 7:34 PM
09/11/2020 7:34 PM
City of Miami
Legislation
Resolution
Enactment Number: R-20-0279
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 7761 Final Action Date:9/10/2020
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 AS COMPOSITE
EXHIBIT "A", IN THE AMOUNT OF $2,181,634.00 TO PROVIDE FOR THE
ADMINISTRATION OF THE FIPO RETIREMENT TRUST FUND FOR THE FISCAL
YEAR COMMENCING OCTOBER 1, 2020 AND ENDING SEPTEMBER 30, 2021.
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's
budget for Fiscal Year 2020-2021 on April 16, 2020 in the amount of $2,181,634.00, attached
and incorporated as Composite Exhibit "A"; and
WHEREAS, the Trustees request the approval of the FIPO Retirement Trust Fund's
budget for Fiscal Year 2020-2021 in the amount of $2,181,634.00, attached and incorporated as
Composite Exhibit "A";
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 2020-2021 budget, attached
and incorporated as Composite Exhibit "A", in the amount of $2,181,634.00 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: