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Item F07 F.7 G BOARD OF COUNTY COMMISSIONERS County of Monroe Mayor Sylvia Murphy,District 5 The Florida.Keys l'U � � Mayor Pro Tern Danny Kolhage,District 1 �pw° Michelle Coldiron,District 2 Heather Carruthers,District 3 David Rice,District 4 County Commission Meeting November 20, 2019 Agenda Item Number: F.7 Agenda Item Summary #6192 BULK ITEM: Yes DEPARTMENT: Emergency Services TIME APPROXIMATE: STAFF CONTACT: James Callahan (305) 289-6088 N/A AGENDA ITEM WORDING: Approval by the Board, acting as Plan Administrator of the Length of Service Award Plan (LOSAP), to begin 10-year disbursement of funds to one eligible participant. ITEM BACKGROUND: In June 1999, the Board approved an Ordinance providing for the creation of a Length of Service Award Plan for volunteer firefighters. A member is now eligible for benefits as of December 15, 2019. PREVIOUS RELEVANT BOCC ACTION: On June 9, 1999, the Board approved Ordinance No. 026-1999 providing for the creation of a Length of Service Award Plan for volunteer firefighters. Subsequently, annually the Board has approved the current actuarial valuation and credit of an additional year of service. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval DOCUMENTATION: FINANCIAL IMPACT: Effective Date: 12/15/19 Expiration Date: 12/14/29 Total Dollar Value of Contract: N/A Total Cost to County: $28,800.00 Current Year Portion: $ 2,400.00 Budgeted: Yes Source of Funds: LOSAP Trust Fund Account#14500-530360 Packet Pg. 158 F.7 CPI: No Indirect Costs: None Estimated Ongoing Costs Not Included in above dollar amounts: None Revenue Producing: No If yes, amount: Grant: No County Match: No Insurance Required: No Additional Details: LOSAP Trust Fund 14500-530360 established to provide funding 12/15/19 610-14500 - LOSAP PENSION $2,400.00 REVIEWED BY: Mark Thompson Completed 10/18/2019 2:31 PM James Callahan Completed 10/21/2019 10:27 AM Pedro Mercado Completed 10/21/2019 10:54 AM Budget and Finance Completed 10/21/2019 4:39 PM Maria Slavik Completed 10/22/2019 9:10 AM Kathy Peters Completed 10/22/2019 9:14 AM Board of County Commissioners Pending 11/20/2019 9:00 AM Packet Pg. 159