City of Starke

The commission discussed the formation of a Charter Review Committee, including the advertisement process and recruitment timeline. A decision was made to extend the current terms of the Mayor and Vice-Mayor until mid-December to ensure full board attendance for future votes. Departmental reports were presented, covering statistics on building permits, zoning applications, and code enforcement activities. Additionally, the commission held a first reading for an ordinance to revise monthly security light rates for residential and commercial customers and received updates regarding upcoming legislative and municipal events.

The report discusses the City of Starke Firefighters' Retirement System's compliance with Chapter 112.664, F.S., focusing on the actuarial valuation and financial reporting for the year ending September 30, 2024. Key topics include the Net Pension Liability calculated under different assumptions, asset and benefit payments projection, actuarially determined contribution, and unfunded actuarial accrued liabilities bases and amortization payments. It also covers the system's provisions, actuarial assumptions, cost methods, and a glossary of terms.