Current Assets	General Fund		Debt Service
Fund

Assets		Construction
Fund		Enterprise Fund		Long Term
Debt		Total	
General Checking Account	$367,382.06										$367,382.06	
Accounts Receivable	1,087.00										1,087.00	
Debt Service Reserve A1 Bond			$1,270,243.76								1,270,243.76	
Revenue A1 Bond			2,671.86								2,671.86	
Interest A1 Bond			712,158.33								712,158.33	
Acquisition/Construction A1 Bond					$4,181,770.72						4,181,770.72	
Cost of Issuance A1 Bond					11,703.73						11,703.73	
Money Market Account							$5,300.00				5,300.00	
Sweep Account							2,406,131.85				2,406,131.85	
Accounts Receivable							459,191.00				459,191.00	
Deposits							68,900.00				68,900.00	
Inventories - Materials and Supplies							14,376.00				14,376.00	
Inventories - For Resale							201,989.00				201,989.00	
Total Current Assets	$368,469.06		$1,985,073.95		$4,193,474.45		$3,155,887.85		$0.00		$9,702,905.31	

Investments

Amount Available in Debt Service Funds									$1,985,073.95		$1,985,073.95	
Amount To Be Provided									22,014,926.05		22,014,926.05	
Total Investments	$0.00		$0.00		$0.00		$0.00		$24,000,000.00		$24,000,000.00	

Property, Plant & Equipment

Fixed Assets							$9,183,591.00				$9,183,591.00	
Accumulated Depreciation - PPE							(8,325,354.00)				(8,325,354.00)	
Total Property, Plant & Equipment	$0.00		$0.00		$0.00		$858,237.00		$0.00		$858,237.00	

Total Assets	$368,469.06	$1,985,073.95	$4,193,474.45	$4,014,124.85	$24,000,000.00	$34,561,142.31

Statement of Financial Position As of 3/31/2020

General Fund	Debt Service	Construction	Enterprise Fund	Long Term	Total	
	Fund	Fund		Debt		

Current Liabilities	Liabilities and Net Assets		
Accrued Expenses Payable	$1,785.54		$1,785.54	
Due to End User	147.82		147.82	
Accounts Payable		$202,472.00	202,472.00	
Deferred Revenue		2,392,652.00	2,392,652.00	
Accrued Expenses Payable							165,210.00				165,210.00	
Total Current Liabilities	$1,933.36		$0.00		$0.00		$2,760,334.00		$0.00		$2,762,267.36	

Long Term Liabilities
Revenue Bonds Payable - Long-Term									

$24,000,000.00		

$24,000,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$0.00		$24,000,000.00		$24,000,000.00	
Total Liabilities	$1,933.36		$0.00		$0.00		$2,760,334.00		$24,000,000.00		$26,762,267.36	

Net Assets
Net Assets - General Government	

$292,886.53										

$292,886.53	
Current Year Net Assets - General Government	73,649.17										73,649.17	
											$0.00	
Current Year Net Assets, Unrestricted			1,985,073.95								$1,985,073.95	
											$0.00	
Current Year Net Assets, Unrestricted					4,193,474.45						$4,193,474.45	
Net Assets, 270							$572,783.00				572,783.00	
Current Year Net Assets, 270							681,007.85				681,007.85	
Total Net Assets	$366,535.70		$1,985,073.95		$4,193,474.45		$1,253,790.85		$0.00		$7,798,874.95	
												
Total Liabilities and Net Assets	$368,469.06		$1,985,073.95		$4,193,474.45		$4,014,124.85		$24,000,000.00		$34,561,142.31	

General Fund	Debt Service	Construction	Enterprise Fund	Long Term Debt	Total	
	Fund	Fund				
Revenues

Off-Roll Assessments	$201,500.68										$201,500.68	
Other Income & Other Financing Sources	200,000.00										200,000.00	
Debt Proceeds			$1,982,402.09								1,982,402.09	
Debt Proceeds					$21,429,704.50						21,429,704.50	
Golf Operations							$1,135,165.00				1,135,165.00	
Restaurant Operations							810,026.00				810,026.00	
Membership Dues							869,304.00				869,304.00	
Tennis & Fitness Centre							27,187.00				27,187.00	
Initiation & Other Fees							30,181.00				30,181.00	
Other Income & Other Financing Sources							5,882.85				5,882.85	
Total Revenues	$401,500.68		$1,982,402.09		$21,429,704.50		$2,877,745.85		$0.00		$26,691,353.12	

Expenses

Insurance	$2,614.00										$2,614.00	
Management	31,250.00										31,250.00	
District Counsel	14,487.49										14,487.49	
District Counsel - Extraordinary	255,367.83										255,367.83	
Accounting	20,833.35										20,833.35	
Postage & Shipping	198.55										198.55	
Copies	325.80										325.80	
Legal Advertising	1,017.90										1,017.90	
Bank Fees	270.00										270.00	
Contingency	269.94										269.94	
Web Site Maintenance	1,041.65										1,041.65	
Dues, Licenses, and Fees	175.00										175.00	
Other Financing Uses					$17,160,561.50						17,160,561.50	
Capital Expenditures					81,606.74						81,606.74	
Management - General & Admin							$379,727.00				379,727.00	
Golf Course Maint							586,563.00				586,563.00	
Parks and Recreation - Golf Operations							314,993.00				314,993.00	
Parks and Recreation - Restaurant Ops							775,195.00				775,195.00	
Tennis & Fitness Facility							90,260.00				90,260.00	
Inter-Fund Transfers							50,000.00				50,000.00	
Total Expenses	$327,851.51		$0.00		$17,242,168.24		$2,196,738.00		$0.00		$19,766,757.75	

Other Revenues (Expenses) & Gains (Losses)	General Fund		Debt Service
Fund		Construction
Fund		Enterprise Fund		Long Term Debt		Total	
Interest Income			$2,671.86								$2,671.86	
Interest Income					$5,938.19						5,938.19	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$2,671.86		$5,938.19		$0.00		$0.00		$8,610.05	
Change In Net Assets	$73,649.17		$1,985,073.95		$4,193,474.45		$681,007.85		$0.00		$6,933,205.42	

Net Assets At Beginning Of Year	
$292,886.53		
$0.00		
$0.00		
$572,783.00		
$0.00		
$865,669.53	

Net Assets At End Of Year	

$366,535.70		

$1,985,073.95		

$4,193,474.45		

$1,253,790.85		

$0.00		

$7,798,874.95	

University Park Recreation District

Budget to Actual

For the period of 10/1/2019 Through 3/31/2020 General Fund - Operations & Maintenance
Year To Date
Actual*	Budget	Variance	FY20
Budget

Revenues

Assessments	$201,500.68		$100,000.00		$101,500.68		$200,000.00	
Other Income & Other Financing Sources	200,000.00		-		200,000.00		200,000.00	
Inter-Fund Transfers	-		70,505.50		(70,505.50)		141,011.00	
Prior Year Surplus Forward**	-		97,259.50		(97,259.50)		194,519.00	
Net Revenues	$401,500.68		$267,765.00		$133,735.68		$735,530.00	
General & Administrative Expenses

Insurance	$2,614.00	$1,402.50	$1,211.50	$2,805.00	
Management	31,250.00	37,500.00	(6,250.00)	75,000.00	
District Counsel	14,487.49	17,500.00	(3,012.51)	35,000.00	
District Counsel - Non-Recurring	255,367.83	140,000.00	115,367.83	280,000.00	
Assessment Administration	-	5,000.00	(5,000.00)	10,000.00	
Audit	-	3,000.00	(3,000.00)	6,000.00	
Accounting	20,833.35	25,000.00	(4,166.65)	50,000.00	
Travel and Per Diem	-	2,500.00	(2,500.00)	5,000.00	
Telephone	-	-	-	-	
Postage & Shipping	198.55	750.00	(551.45)	1,500.00	
Copies	325.80	1,000.00	(674.20)	2,000.00	
Legal Advertising	1,017.90	2,500.00	(1,482.10)	5,000.00	
Bank Fees	270.00	225.00	45.00	450.00	
Meeting Set Up	-	13,500.00	(13,500.00)	27,000.00	
Contingency	269.94	12,000.00	(11,730.06)	24,000.00	
Web Site Maintenance	1,041.65	3,300.00	(2,258.35)	6,600.00	
Dues, Licenses, and Fees	175.00	87.50	87.50	175.00	
Short Term Financing Interest	 	-		 	2,500.00	 	(2,500.00)	 	5,000.00	
Total General & Administrative Expenses	$327,851.51	$267,765.00	$60,086.51	$535,530.00	
Total Expenses	 	$327,851.51	    $267,765.00	 	$60,086.51	  $535,530.00	
Net Income (Loss)	 	$73,649.17		 	$0.00		 	$73,649.17		  $200,000.00	
* Actual Expenses may lag by up to two months
** As of 3.31.20 the FY19 surplus was $292,886.50. It is not included here so that the Change in Assets for the current year are consistant between reports

4/10/2020