University Park Recreation District

Consideration of the Minutes of the March 23, 2021 Finance Volunteer Group Workshop Meeting

MINUTES OF MEETING

UNIVERSITY PARK RECREATION DISTRICT FINANCIAL GROUP WORKSHOP MEETING TUESDAY, March 23, 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 Mr. DiPaolo.
The meeting was called to establish precisely how much money could be committed to Phase 1 of the Master Plan. Mr. Fetsick present a summary offunds that are available in the construction fund. After consideration of projects already committed by the Board, there is approximately $2.7 million available.

A discussion ensued concerning the resources required for ongoing routine maintence and repairs for the next two years. The group concluded that based on operational performance to date and the strong possibility of an additional $800,000 in funding, we could comfortably commit the entire $2.7 million to Phase 1. The use of additional funds could only be considered as they became available.

The meeting was adjourned at 4:30 P.M .

UNIVERSITY PARK RD
CAPITAL EXPENDITURE SUMMARY AS OF 3.24.21

Actual/In	Planned asof	
Process {a)	Actua!/! n-Process Nore(s)
Comm unity m..ist:N p!ari: & admi,1	82,!i S Prinw,ly ''-'• >le rP la n !S7S•i
Go.tfcou rse :.nd ,naf,,ten ■o  fr.c,hties	\, l ll0,7SQ rn     ;rrlly fml  • l • lS Resova'<cn (S?Vl<i W;sll R.tc• Pro   !SlSOl<J .,no Cart Pat1' f"1ld •! SS4l<J
l t!l'lltll$. fitnHS and Sj'>Ort5	2.()(0
& bffl,•	!:J:Z,r-2:U  M \Calht1"fOU\ ld•hrY. Jcttr.h , i"flUl ttwrn n   11;
           ll>l.997 Pr.•wlly Roo• Rt1> ,c,   m,ma (Sl2411;,;;  (Unit R G ''"" 1S551J
To be determined	N"" 2019 lb)
1..0 soo
1,855 , 279
1•  ,llW
l:ll.OOD

 	sss,uoo	
	s	S,427,779		
S    1,500.731			
{o) h><' odM SS00.000 '""'"',<! by UPKO li<!.,-d ol SiJ!l<fV1W'< ' "' 107' r<n<iVAPO o! l'lal•• tl  11!.
(bl 11.ztr,r 11r, 111 ,-d11• c,ut11ne(lh,	IJ"R-0 Bond lf   rx:c. lm VCtnCtii Jc!l?f''lttt-r,I l,y eiiifV!L:u 1	10    . US. Club 1:ri1g:r.!Jncn1 tU'td Ptan-,1n Groll

8<,glnnlr.J 8at:1nc:e ofCo rt>l nsctloCI F"1!d		S    4 . Zl 4. Z78 Capitw s... nd (P!o M lod m of 3 .Z4, 2:l,		$ /1,S00,731 ) Comtruc1ion Fund BaJ-,ncc   of !...24..Z.1	1  s 2.m,54111,,

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