Res No 098-11-13412RESOLUTION NO. 98-11-13412
A Resolution of the Mayor and City Commission of the City of South
Miami, Florida, authorizing a transfer of $2,255.00 from account
number 001- 1620 -524 -2210, Pension Plan Contribution, to account
number, 001 - 1620 -524 -2220, ICMA Deferred Compensation
Contribution, providing and effective date.
WHEREAS, it is requested that the budget for ICMA Deferred Compensation
Contribution be increased from account number 001- 1620 -524 -2210; and,
WHEREAS, the budgeted pension contribution for the Planning and Zoning department
director was allocated and is no longer required due to the election as per Ordinance 38 -10 -2063,
which provided a one -time opt -out from the City of South Miami Pension. Therefore the budget
pension contribution funds are requested for transfer to account number 001- 1620 -524 -2220,
ICMA Deferred Compensation Contribution for $2,255.00: and,
WHEREAS, the Mayor and City Commission desire to transfer sufficient funds from
account number 001 - 1620 -524 -2210, Pension Plan Contribution, with a current balance of
$20,471.73, settlements to account number 001 - 1620 -524 -2220 for $2,255.00 ICMA Deferred
Compensation, with a current balance of $0;
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA;
Section I. The Mayor and City Commission approve the transfer of $2,255.00 from
account number 001 - 1620 -524 -2210, Pension Plan Contribution, settlements to account number.
001 - 1620 -524 -2220, ICMA Deferred Compensation Contribution for $ 2,255.00.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 19 day of July 2011
X A E
ST
CITY CLERI
F.19VINUMM
u�
COMMISSION VOTE:
Mayor Stoddard:
RM: Vice Mayor Newman:
Commissioner Beasley:
Commissioner Palmer:
Commissioner Harris:
Yea
Yea
Yea
absent
Yea
To:
Via:
From:
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER- OFFICE MEMORANDUM
The Honorable Mayor & Members of the City Commission
Hector Mirabile, PhD, City Manager
Christopher Brimo, Planning Directors
Date: June 14, 2011
Agenda Item No.
South Miami
Ail- AmftaCOY
11111.1
2001
A Resolution of the Mayor and City Commission of the City of
South Miami, Florida, authorizing a transfer of $2,255.00 from
Subject: account number 001 - 1620 -524 -2210, Pension Plan Contribution,
to account number, 001- 1620 -524 -2220, ICMA Deferred
Compensation Contribution, providing an effective date.
It is requested that the budget for ICMA Deferred Compensation
Contribution be increased from account number 001 - 1620 -524 -2210. The
budgeted pension contribution for the Planning and Zoning Director was
Background: allocated and is no longer required due to the election as per Ordinance 38-
10 -2063, which provided a one -time op -out from the City of South Miami
Pension. Therefore the budgeted pension contribution funds are requested
for transfer to account number 001 - 1620 -524 -2220, ICMA Deferred
Compensation Contribution for $2,255.00.
Transfer Amount: $2,255.00
Transfer From: Account number 001 - 1620 -524 -2210, Pension Plan Contribution, with a
current balance of $20,471.73.
Transfer To: Account number 001 - 1620 -524 -2220 for $2,255.00, ICMA Deferred
Compensation Contribution with a current balance of $0.00.