Current Assets	General Fund		Debt Service
Fund

Assets		Construction
Fund		Enterprise Fund		Long Term Debt		Total	
General Checking Account	$242,400.51										$242,400.51	
Prepaid Expenses	10,000.00										10,000.00	
Debt Service Reserve 2019 Bond			$1,270,027.49								1,270,027.49	
Revenue 2019 Bond			3,218.48								3,218.48	
Interest 2019 Bond			388,730.44								388,730.44	
Acquisition/Construction 2019 Bond					$3,738,488.40						3,738,488.40	
Money Market Account							$5,300.00				5,300.00	
Sweep Account							1,932,667.00				1,932,667.00	
Accounts Receivable							233,642.00				233,642.00	
Deposits							116,489.00				116,489.00	
Inventories - Materials and Supplies							13,388.00				13,388.00	
Inventories - For Resale							166,266.00				166,266.00	
Total Current Assets	$252,400.51		$1,661,976.41		$3,738,488.40		$2,467,752.00		$0.00		$8,120,617.32	

Investments
Amount Available in Debt Service Funds							$1,661,976.41		$1,661,976.41	
Amount To Be Provided							22,338,023.59		22,338,023.59	
Total Investments	$0.00		$0.00		$0.00		$24,000,000.00		$24,000,000.00	

Property, Plant & Equipment

Fixed Assets					$9,662,455.00				$9,662,455.00	
Accumulated Depreciation - PPE					(8,505,354.00)				(8,505,354.00)	
Total Property, Plant & Equipment	$0.00		$0.00		$1,157,101.00		$0.00		$1,157,101.00	

Total Assets	$252,400.51	$1,661,976.41	$3,738,488.40	$3,624,853.00	$24,000,000.00	$33,277,718.32

Liabilities and Net Assets

Current Liabilities Accounts Payable Accounts Payable

$48,745.80

$156,433.00

$48,745.80 156,433.00

	General Fund		Debt Service
Fund		Construction
Fund		Enterprise Fund		Long Term Debt		Total	
Notes and Loans Payable - Current							855,783.00				855,783.00	
Deferred Revenue							1,086,368.00				1,086,368.00	
Accrued Expenses Payable							132,111.00				132,111.00	
Total Current Liabilities	

$48,745.80		

$0.00		

$0.00		

$2,230,695.00		

$0.00		

$2,279,440.80	

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities									

$24,000,000.00		

$24,000,000.00	
			
$0.00		
$0.00		
$0.00		
$24,000,000.00		
$24,000,000.00	
Total Liabilities	$48,745.80		$0.00		$0.00		$2,230,695.00		$24,000,000.00		$26,279,440.80	

Net Assets
Current Year Net Assets, Unrestricted Net Assets - General Government
Current Year Net Assets - General Government

Current Year Net Assets, Unrestricted

Current Year Net Assets, Unrestricted Net Assets, 270
Current Year Net Assets, 270

Total Net Assets											

0.00	
	100,000.00										100,000.00	
	$457,982.30										$457,982.30	
	(354,327.59)										(354,327.59)	
											$0.00	
			1,661,976.41								$1,661,976.41	
											$0.00	
					3,738,488.40						$3,738,488.40	
							$572,783.00				572,783.00	
							821,375.00				821,375.00	

$203,654.71		

$1,661,976.41		

$3,738,488.40		

$1,394,158.00		

$0.00		

$6,998,277.52	
												
Total Liabilities and Net Assets	$252,400.51		$1,661,976.41		$3,738,488.40		$3,624,853.00		$24,000,000.00		$33,277,718.32	

University Park Recreation District
Statement of Activities As of 9/30/2020

Revenues

General Fund

Debt Service
Fund

Construction
Fund

Enterprise Fund

Long Term Debt	Total

Off-Roll Assessments	$20,762.21										$20,762.21	
Other Income & Other Financing Sources	100,000.00										100,000.00	
Inter-Fund Transfers In	100,000.00										100,000.00	
Inter-Fund Group Transfers In			$11,705.46								11,705.46	
Debt Proceeds			1,982,402.09								1,982,402.09	
Inter-Fund Transfers In					($11,705.46)						(11,705.46)	
Debt Proceeds					21,429,704.50						21,429,704.50	
Golf Operations							$2,269,642.00				2,269,642.00	
Restaurant Operations							1,369,412.00				1,369,412.00	
Membership Dues							2,541,395.00				2,541,395.00	
Tennis & Fitness Centre							43,958.00				43,958.00	
Initiation & Other Fees							57,361.00				57,361.00	
Total Revenues	$220,762.21		$1,994,107.55		$21,417,999.04		$6,281,768.00		$0.00		$29,914,636.80	

Expenses

Insurance	$2,614.00										$2,614.00	
Management	75,000.00										75,000.00	
Dissemination Agent	5,000.00										5,000.00	
District Counsel	38,853.23										38,853.23	
District Counsel - Extraordinary	275,240.44										275,240.44	
Audit	17,065.51										17,065.51	
Accounting	50,000.04										50,000.04	
Travel and Per Diem	971.07										971.07	
Postage & Shipping	334.44										334.44	
Copies	325.80										325.80	
Legal Advertising	1,730.43										1,730.43	
Bank Fees	540.00										540.00	
Contingency	539.88										539.88	
Web Site Maintenance	6,699.96										6,699.96	
Dues, Licenses, and Fees	175.00										175.00	
Interest Payments - A1 bond			$335,133.35								335,133.35	
Other Financing Uses					$17,160,561.50						17,160,561.50	
Capital Expenditures					525,600.44						525,600.44	
Management - General & Admin							$784,916.96				784,916.96	
Golf Course Maint							1,792,155.04				1,792,155.04	
Parks and Recreation - Golf Operations							808,173.00				808,173.00	
Parks and Recreation - Restaurant Ops							1,751,556.00				1,751,556.00	
Tennis & Fitness Facility							223,592.00				223,592.00	
Inter-Fund Transfers							100,000.00				100,000.00	
Total Expenses	$475,089.80		$335,133.35		$17,686,161.94		$5,460,393.00		$0.00		$23,956,778.09	

University Park Recreation District
Statement of Activities As of 9/30/2020	
General Fund		Debt Service
Fund		Construction
Fund		Enterprise Fund		Long Term Debt		Total	
Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)	

$0.00		

$3,002.21

$3,002.21		

$6,651.30

$6,651.30		

$0.00		

$0.00		

$3,002.21 6,651.30

$9,653.51	
Change In Net Assets	($254,327.59)	$1,661,976.41		$3,738,488.40		$821,375.00		$0.00		$5,967,512.22	

Net Assets At Beginning Of Year	
$457,982.30	
$0.00		
$0.00		
$572,783.00		
$0.00		
$1,030,765.30	

Net Assets At End Of Year	
$203,654.71	
$1,661,976.41		
$3,738,488.40		
$1,394,158.00		
$0.00		
$6,998,277.52	

University Park Recreation District

Budget to Actual

For the period of 10/1/2019 Through 9/30/2020 General Fund - Operations & Maintenance

Revenues
Assessments
Other Income & Other Financing Sources Inter-Fund Transfers
Prior Year Surplus Forward**
Net Revenues
General & Administrative Expenses
Insurance Management Dissemination Agent District Counsel
District Counsel - Non-Recurring Assessment Administration Audit
Accounting
Travel and Per Diem Postage & Shipping Copies
Legal Advertising Bank Fees Meeting Set Up Contingency
Web Site Maintenance Dues, Licenses, and Fees
Short Term Financing Interest Total General & Administrative Expenses
Total Expenses

Net Income (Loss)

Year To Date
	Actual*		Budget		Variance		FY20
Budget	
	
$20,762.21		
$0.00		
$20,762.21		
$0.00	
	100,000.00		200,000.00		(100,000.00)		200,000.00	
	100,000.00		141,011.00		(41,011.00)		141,011.00	
	-		194,519.00		(194,519.00)		194,519.00	
	
$220,762.21		
$535,530.00		
$(314,767.79)		
$535,530.00	
	
$2,614.00		
$2,805.00		
$(191.00)		
$2,805.00	
	75,000.00		75,000.00		-		75,000.00	
	5,000.00		-		5,000.00		-	
	38,853.23		35,000.00		3,853.23		35,000.00	
	275,240.44		280,000.00		(4,759.56)		280,000.00	
	-		10,000.00		(10,000.00)		10,000.00	
	17,065.51		6,000.00		11,065.51		6,000.00	
	50,000.04		50,000.00		0.04		50,000.00	
	971.07		5,000.00		(4,028.93)		5,000.00	
	334.44		1,500.00		(1,165.56)		1,500.00	
	325.80		2,000.00		(1,674.20)		2,000.00	
	1,730.43		5,000.00		(3,269.57)		5,000.00	
	540.00		450.00		90.00		450.00	
	-		27,000.00		(27,000.00)		27,000.00	
	539.88		24,000.00		(23,460.12)		24,000.00	
	6,699.96		6,600.00		99.96		6,600.00	
	175.00		175.00		-		175.00	
	 	-			 	5,000.00		 	(5,000.00)		 	5,000.00	
	$475,089.80		$535,530.00		$(60,440.20)		$535,530.00	
	 	$475,089.80		    $535,530.00		 	$(60,440.20)		  $535,530.00	
	   $(254,327.59)		 	$0.00		   $(254,327.59)		 	$0.00	

*	
Actual Expenses may lag by up to two months			
** As of 9.30.20 the remaining FY19 surplus was $162,629.07. It is not included here so that the Change in Assets for the current year are consistant between reports

10/19/2020