University Park Recreation District

Consideration of the rv,inutes of the March 16, 2021 Finance Volunteer Group Workshop Meeting

MINUTES OF MEETING

UNIVERSITY PARK RECREATION DISTRICT FINANCIAL GROUP WORKSHOP MEETING
Tuesday, March 16, 2021 at 3:00 p.m.

Board Members present at roll call : Bill DiPaolo
Steve Ludmerer

Also Present:
John Fetsick

Meeting was called to order at 3:00 p.m. by M r. DiPaolo .
The purpose of the group was to continue discussions regarding guidelines and methods for the accumulation of capital expense funds.

It was suggested that the following percentages be used to allocate funds to a capital expense account for the purpose of recognizing funding availability for capital projects.

Member Dues	7%
Outside Golf Play	10% Outside Restaurant Use 10% Initiation Fees	100%

These allocations should be reflected in the next budget. The meeting was adjourned at 4:30 p.m.

Secretary  /  Assistant SecretaryIL