CC Minutes 03/14/2011 - Laserfiche WebLink

Home Browse Search

CASSI/LB1/RRY CITY COMMISSION Minutes of March 14, 2011-Regular Meeting Page 3 of 13 ~1`~ L1~9 ~ ~1~ A. Special Invoice Repol-t Introduction: The Special Invoice Report policy was adopted by the Commission to streamline the financial process for approval of certain invoices, awards of bids, initial contracts and change orders on a project in excess of 5% of the total project. The following item has been reviewed by the affected departments and is being presented for approval: Brown, Garganese, Weiss & D'Agresta ® City Attorney Services for February 2011 $13,167.04 Invoice No. 45164 ® City Attorney Services for Casselbeny 17-92, LLC Real Estate Transaction Invoice No. 45113 $ 1,320.00 Budget Impact: Funds for the City Attorney invoice are available in the FY 2011 Budget Account No. 001- 0140-514-31.01. A refund check for services rendered in association with the real estate transaction in the amount of $1,320.00 was collected at the closing and remitted to the City by the City Attorney's Office. Recommendation: The City Manager and staff recommended approval of the Special Invoice Report, as submitted. B. Resolution 11-2235A -Police Officer and Firefighter Pension Plan Reform "A RESOLUTION OF THE CITE' OF CASSELBERRV, FLORIDA SUPPORTING POLICE OFFICER AND FIltEFIGHTER PENSION PLAN REFORMS; PROVIDING FOR AN EFFECTIVE DATE." Introduction: Resolution 11-2235A provides for support of Police Officer and Firefighter pension plan reforms. Budget Impact: The City of Casselberry relies on premium tax revenues from insurance policies to partially fund pension costs. Though the amount of the premium tax distt•ibution varies fiom year to year, only a portion actually benefits the City. This fiozen amount does not change. The excess accumulates separately within the pension fiord waiting to be used to buy new "extra pension benefits". As of September 30, 2010, $1,203,112 of premium tax revenues has built up to the pension fund which is not allowed to be used to pay for existing benefits. Even if excess premium tax revemle is used to add "extra pension benefits", the City must carry by itself the increasing costs to carry them into the firture. Recommendation: The City Manager recommended approval of Resolution 11-2235A.