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RESOLUTION TO ACKNOWLEDGE RECEIPT OF FINAL AUDIT REPORT FOR THE CORPUS
CHRISTI FIREFIGHTERS RETIREMENT SYSTEM FOR THE PERIOD ENDED DECEMBER 31,
2006
Whereas, House Bill 2664 adopted by the 80th Texas Legislature, requires that the actuarial
valuations, studies, and reports of a public retirement system with total assets the book value of
which, as of the last day of the preceding fiscal year, is at least $100 million must be audited by an
independent actuary every five years, with the first report to be conducted by September 1, 2008,
and submitted to the public retirement system for their response;
Whereas, the Corpus Christi Firefighters Retirement System is subject to HB 2664;
Whereas, in accordance with HB 2664, the draft audit report was sent to the City on August 25,
2008, and was presented to the Board of Trustees ("Board") of the Corpus Christi Firefighters'
Retirement System on September 25, 2008 for their response;
Whereas, in accordance with HB 2664, the Board then had 30 days to respond but chose not to
submit a formal response;
Whereas, minor wording changes were made to the report, and the report was finalized on October
22, 2008;
Whereas, on November 11, 2008, the City of Corpus Christi received a presentation on the Audit
Results for the Corpus Christi Firefighters Retirement System from the independent actuary;
Now, therefore, be it resolved by the City Council of Corpus Christi, Texas:
Section 1. The City of Corpus Christi acknowledges receipt on November 11, 2008, of the Final
Audit Report for the Corpus Christi Firefighters Retirement System for the period ended December
31, 2006. The City Director of Financial Services is directed to submit a copy of this Resolution and
the Final Audit Report to the Corpus Christi Firefighters Retirement System, and to the State
Pension Review Board not later than the 30th day after the date the final audit report is received by
the governmental entity.
Section 2. This Resolution takes effect on this the 11th day of November, 2008.
ATTEST:
F CORPUS CHRISTI, TEXAS
Armando Chapa
City Secretary Mayor
APPROVED this 3° nnday of � , 2008.
Lisa Aguilar
Assistant City A orney
for the City Attorney
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Corpus Christi, Texas
0/t/a Len 2008
The above resolution was passed by the following vote:
Henry Garrett
Melody Cooper
Larry Elizondo, Sr. A
Mike Hummel!
Bill Kelly
Priscilla G. Leal
John E. Marez
Nelda Martinez
Michael McCutchon
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