5To:
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.
RESOLUTION NO.
2 A Resolution of the Mayor and City Commission of the City of South
3 Miami, Florida, authorizing a transfer of $2,255.00 from account
4 number 001 - 1620 -524 -2210, Pension Plan Contribution, to account
5 number, 001- 1620 -524 -2220, ICMA Deferred Compensation
6 Contribution, providing and effective date.
WI4EREAS, it is requested that the budget for ICMA Deferred Compensation
Contribution be increased from account number 001 - 1620 - 524 -2210; and,
9 WHEREAS, the budgeted pension contribution for the Planning and Zoning department
10 director was allocated and is no longer required due to the election as per Ordinance 38 -10 -2063,
11 which provided a one -time opt -out from the City of South Miami Pension. Therefore the budget
12 pension contribution funds are requested for transfer to account number 001- 1620 -524 -2220,
13 ICMA Deferred Compensation Contribution for $2,255.00: and,
14 WHEREAS, the Mayor and City Commission desire to transfer sufficient funds from
15 account number 001 - 1620 -524 -2210, Pension Plan Contribution, with a current balance of
16 $20,471.73, settlements to account number 001- 1620 -524 -2220 for $2,255.00 ICMA Deferred
17 Compensation, with a current balance of $0;
18 NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY
19 COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA;
20 Section I. The Mayor and City Commission approve the transfer of $2,255.00 from
21 account number 001- 1620 -524 -2210, Pension Plan Contribution, settlements to account number.
22 001 -1620 -524 -2220, ICMA Deferred Compensation Contribution for $ 2,255.00.
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Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this_ day of , 2011
ATTEST:
CITY CLERK
READ AND APPROVED AS TO FORM:
CITY ATTORNEY
APPROVED:
MAYOR
COMMISSION VOTE:
Mayor Stoddard:
Vice Mayor Newman:
Commissioner Beasley:
Commissioner Palmer:
Commissioner Harris: