RESOLUTION 2020-10
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT ADOPTING A BUDGET FOR THE COUNTRY CLUB FOR FISCAL YEAR 2019/2020, PROVIDING FOR APPROPRIATIONS; ADDRESSING CONFLICTS AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, In November, 2019, the Board of Supervisors ("Board") of the University Park Recreation District ("District"), purchased the University Park Country Club property and facility; and

WHEREAS, the District needs to adopt a budget ("Budget") for operating and maintaining club facilities, which are District assets, for fiscal year 2019-2020; and

WHEREAS, the District Manager, working with the Country Club Manager, at the direction of the Board, has prepared a Budget for the Country Club, to reflect needs for operating the Country Club; and

WHEREAS, Chapter 418, Florida Statutes, and Manatee County Ordinance 18-29 ("Charter") authorize the Board to adopt and amend a Budget for District operations and facilities, such as the Country Club; and

WHEREAS, the Board finds that it is in the best interest of the District and its residents to adopt the Budget for the Country Club for fiscal year 2019-2020.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT:

COUNTRY CLUB BUDGET.

a. The Board has reviewed the District Manager's proposed Budget for the Country Club, copies of which are on file with the office of the District Manager and at the District's Records Office.

The Budget, attached hereto as Exhibit A and incorporated herein by reference (the "Country Club Budget"), is hereby adopted in accordance with the provisions of Section 2-8-16 of the Charter and Section 189.016(6), Florida Statutes.

c. The Country Club Budget shall be maintained in the office of the District Manager and the District Records Office and identified as 'The Country

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Club Budget for the University Park Recreation District for the fiscal year ending September 30, 2020."
CONFLICTS. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.
SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

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EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.
Adopted this  )�ay of

ATTEST:

Exhibit A:

BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT

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Country Club Budget for Fiscal Year 2019/2020

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Exhibit A
Amended Fiscal Year 2018/2019 Budget [See attached]

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University Park Recreation District FY20 ENTERPRISE FUND
Amended Budget

2/11/2020

Amended Proposed
Description	FY2020	
REVENUE:		
RESTAURANT OPERATIONS	$2,152,912	
MEMBERSHIP DUES	$3,200,091	
INITIATION FEES & OTHER INC	$137,835	
GOLF OPERATIONS	$2,877,887	
TENNIS & FITNESS CENTRE	$89,485	
TOTAL REVENUE	$8,458,210	

DIRECT EXPENSES:
RESTAURANT OPERATIONS	

$2,534,927	
GOLF OPERATIONS	$1,161,609	
GOLF COURSE MAINTENANCE	$2,559,739	
TENNIS & FITNESS CENTRE	$343,640	
GENERAL & ADMIN	$1,482,801	
TOTAL DIRECT EXPENSES	$8,082,716	
INTERFUND TRANSFER	375,494	
TOTAL EXPENSES	8,458,210	
NET INCOME (LOSS)	$0.00