HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #17934
Date: 07/30/2025
Commission Meeting Date: 09/13/2025
Requesting Department: General
Employees' and Sanitation Employees'
Retirement Trust
Sponsored By:
District Impacted:
Type: Resolution
Subject: Approve Annual Budget FY '26 - GESE Trust Excess Benefit Plan
Purpose of Item:
To approve the budget for the City of Miami General Employees' & Sanitation
Employees' Excess Benefit Plan Budget for Fiscal Year 2025/2026, in the amount not to
exceed $120,154.00 excluding the actuarially determined annual benefit payment, to
provide for the administration of the GESE Excess Benefit Plan.
Background of Item:
Ordinance No. 10002, adopted on June 13, 1985, authorized the Board of Trustees to
administer the City of Miami General Employees' & Sanitation Employees' Retirement
Trust ("GESE Retirement Trust Fund"); and as such, a budget is required to properly
administer the GESE Retirement Trust Fund, and at the April 25, 2025, Board Meeting
the Board of Trustees approved this budget.
Budget Impact Analysis
Item is NOT Related to Revenue
Item is an Expenditure
Total Fiscal Impact:
Total Fiscal Impact: $120,154.00
General Employees' and Sanitation
Review Completed
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
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
Employees' Retirement Trust
08/14/2025 10:57 AM
Fred Pericles
Marie Gouin
Erica T. Paschal
Mabel Betancourt
Mabel Betancourt
Arthur Noriega V
Valentin J Alvarez
Xavier Alban
George K. Wysong III
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Edgard Hernandez
Department Head
Budget Analyst Review Completed
Budget Review Completed
ACM Review Completed
Assistant City Manager Review Skipped
Deputy City Manager Review Skipped
City Manager Review Completed
Legislative Division Review Completed
ACA Review Completed
Approved Form and Correctness Completed
Meeting Completed
Signed by the Mayor Completed
Signed and Attested by the City Clerk Completed
Rendered Completed
08/18/2025 10:43 AM
08/28/2025 9:46 AM
08/28/2025 12:39 PM
08/11/2025 3:03 PM
08/11/2025 3:04 PM
08/28/2025 2:52 PM
08/28/2025 3:47 PM
08/29/2025 4:43 PM
08/29/2025 5:40 PM
09/13/2025 10:00 AM
09/16/2025 3:53 PM
09/16/2025 4:02 PM
09/16/2025 4:02 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0380
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17934 Final Action Date:9/13/2025
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 ONE HUNDRED TWENTY THOUSAND, ONE HUNDRED FIFTY-FOUR
AND 00/100 ($120,154.00), TO PROVIDE FOR THE ADMINISTRATION OF THE
GESE EXCESS BENEFIT PLAN FOR THE FISCAL YEAR COMMENCING OCTOBER
1, 2025, AND ENDING SEPTEMBER 30, 2026.
WHEREAS, Section 40-243 of the Code of the City of Miami, Florida, as amended,
authorizes 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 2025-2026 on April 25, 2025; and
WHEREAS the Trustees request the approval of the GESE Excess Benefit Plan budget
for the Fiscal Year commencing October 1, 2025, and ending September 30, 2026, in the
amount of One Hundred Twenty Thousand, One Hundred Fifty -Four and 00/100 Dollars
($120,154.00), attached and incorporated as 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 GESE Retirement Trust Fund Fiscal Year 2025-2026 budget, attached
and incorporated as Exhibit "A," for the Fiscal Year commencing October 1, 2025, and ending
September 30, 2026, in the amount of One Hundred Twenty Thousand, One Hundred Fifty -Four
and 00/100 Dollars ($120,154.00), 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.
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:
g III, C y`attor ey j 8/29/2025