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Fr- -I <br />BOOK 108 pw 258 <br />ANALYSIS - continued <br />2. Indian River County has a policy that in April of each fiscal year all agencies submit requests <br />for the following year's budget. Every year agency's requests exceed the money that is <br />available. Many agencies are denied or their budget requests are reduced. This request is for <br />renovating a building purchased in August of 1998. The food bank should have known in April <br />of 1998 that they were intending to purchase and move into the facility and could have submitted <br />an agency packet in April 1998 with all other agencies requesting funding <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners deny the request and encourage the Treasure <br />Coast Food Bank to apply for funding with other agencies in April 1999 for the 1999/2000 fiscal year. <br />Brenda Noel, Executive Director of Treasure Coast Food Bank, Inc., asked for a <br />withdrawal of their petition at this time and noted that they will re -apply at the proper time <br />for budget requests. <br />NO ACTION REQUIRED OR TAKEN. <br />11.B. CITY OF VERO BEACH FIREFIGHTERS RELIEF AND <br />PENSION FUND - PROPOSED BENEFIT CHANGES AND <br />REALIGNMENT OF INVESTMENT GUIDELINES AUTHORIZED <br />IN CHANGES TO CHAPTER 175, FLORIDA STATUTES, <br />PERTAINING TO MUNICIPAL FIRE PENSION PLANS <br />The Board reviewed Memoranda of December 21, 1998 and January 3, 1999: <br />TO: The Honorable Chairman and Members of the <br />Indian River County Commission <br />FROM: Thomas R. Nason, Chairman <br />Board of Trustees of the City of Vero Beach <br />Firefighters Relief and Pension Fund <br />DATE: December 21, 1998 <br />SUBJECT: Proposed benefit changes and realignment of the investment, guidelines <br />authorized in the most recent changes in Florida Statutes, Chapter 175 as it <br />pertains to Municipal Fire Pension Plans <br />During the August 19, 1998 meeting of the pension board, the board unanimously <br />approved the actuary exploring the fiscal impact of changing the plan benefits as follows: <br />1. Changing the monthly supplemental benefits from the existing rate of $10.00 per <br />month per year of service to $25.00 per month per year of service. This benefit is <br />to apply to the already retired members as well as members who will retire in the <br />future. <br />FEBRUARY 2, 1999 <br />