HomeMy WebLinkAboutAgenda Item Summary FormtTY U7;
* It AGENDA ITEM SUMMARY FORM
File ID: #2731
Date: 07/31/2017 Requesting Department: General
Employees' and Sanitation Employees'
Retirement Trust
Commission Meeting Date: 09/19/2017 District Impacted: All
Type: Resolution
Subject: Approve Annual Budget FY '18 - GESE Retirement Trust
Purpose of Item:
To approve the budget for the City of Miami General Employees' & Sanitation
Employees' Retirement Trust Fund for Fiscal Year 2017/2018, in the amount not to
exceed $3,377,792, excluding normal cost, to provide for the administration of the
GESE Retirement Trust Fund.
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 March 17, 2017, The Board of
Trustees approved this budget.
Budget Impact Analysis
Total Fiscal Impact:
$3,377,792
Reviewed By
General Employees' and Sanitation Employees' Retirement Trust
Review Completed
08/08/2017 10:05 AM
Office of Management and Budget
Fred Pericles
Office of Management and Budget
Christopher M Rose
City Manager's Office
Fernando Casamayor
City Manager's Office
Fernando Casamayor
Legislative Division
Marta Gomez
Office of the City Attorney
Xavier Alban
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria Mendez
City Commission
Nicole Ewan
City Commission
Nicole Ewan
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Edgard Hernandez Department Head
Budget Analyst Review
Completed
08/08/2017 10:19 AM
Budget Analyst Review
Completed
08/14/2017 9:52 AM
Assistant City Manager Review
Completed
08/14/2017 10:59 AM
City Manager Review
Completed
08/16/2017 4:08 PM
Legislative Division Review
Completed
08/16/2017 7:45 PM
ACA Review
Completed
08/21/2017 10:00 AM
Deputy City Attorney Review
Completed
08/21/2017 10:19 AM
Approved Form and Correctness
Completed
08/23/2017 8:56 PM
Meeting
Completed
09/14/2017 5:05 PM
Meeting
Completed
09/19/2017 5:05 PM
Signed by the Mayor
Completed
09/20/2017 4:00 PM
Signed and Attested by the City Clerk
Completed
09/20/2017 4:09 PM
File Number: 2731
City of Miami
Legislation
Resolution
Enactment Number: R-17-0442
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:9/19/2017
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' RETIREMENT TRUST
("GESE RETIREMENT TRUST FUND"), ATTACHED AND INCORPORATED, IN THE
AMOUNT OF $3,377,792.00, EXCLUDING NORMAL COSTS, TO PROVIDE FOR THE
ADMINISTRATION OF THE GESE RETIREMENT TRUST FUND FOR THE FISCAL
YEAR COMMENCING OCTOBER 1, 2017 AND ENDING SEPTEMBER 30, 2018.
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' Retirement Trust Fund ("GESE Retirement Trust Fund");
and
WHEREAS, an annual budget is required to properly administer the GESE Retirement
Trust Fund; and
WHEREAS, the Trustees reviewed and approved the GESE Retirement Trust Fund
budget for Fiscal Year 2017-2018 on March 17, 2017; and
WHEREAS, the Trustees request the approval of the GESE Retirement Trust Fund
budget for the Fiscal Year commencing October 1, 2017 and ending September 30, 2018, in the
amount of $3,377,792.00, excluding normal costs;
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 2017-2018 budget, attached
and incorporated, for the Fiscal Year commencing October 1, 2017 and ending September 30,
2018, in the amount of $3,377,792.00, excluding normal costs, to provide for the administration
of the GESE Retirement Trust Fund, is approved and adopted.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
' 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:
EJ1 t6 ria ' ndez,ity +r—e'y— 8/2312017