RESOLUTION 2021-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT ADOPTING AN AMENDED GENERAL FUND BUDGET FOR FISCAL YEAR 2019/2020, PROVIDING FOR APPROPRIATIONS; ADDRESSING CONFLICTS AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, on August 13, 2019, the Board of Supervisors ("Board") of the University Park Recreation District ("District"), adopted Resolution 2019-36 providing for the adoption of the District's fiscal year 2019/2020 annual budget ("Budget"); and

WHEREAS, the District Manager, at the direction of the Board, has prepared an amended Budget, to reflect changes in the actual appropriations of the Budget; and

WHEREAS, Chapter 418, Florida Statutes, and Manatee County Ordinance 18-29
("Charter") authorize the Board to adopt and amend the Budget; and

WHEREAS, the Board finds that it is in the best interest of the District and its residents to amend the Budget to reflect the actual appropriations.

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

BUDGET AMENDMENT.

The Board has reviewed the District Manager's proposed amended Budget, copies of which are on file with the office of the District Manager and at the District's Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

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

The Amended Budget shall be maintained in the office of the District Manager and the District Records Office and identified as "The Adopted Budget for the University Park Recreation District for the fiscal year ending

September 30, 2020, as amended and adopted by the Board of Supervisors effective December 11, 2020."

AMENDMENT. The Budget is hereby amended as set forth in Exhibit "A" attached hereto and incorporated herein by reference:

TOTAL GENERAL FUND	$!535.,.530. 00	

I	
TOTAL ALL FUNDS	'33530-00	
/

CONFLICTS. This Resolution is intended to amend, Resolution 2019-36. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.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.

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

Adopted this 11th day of December, 2020.

IL

ATTEST:	BOARD OF SUPERVISORS OF THE UNIVERSITY PARK R CREATION DIST	T

Exhibit A:	Amended Fiscal Year 2019/2020 Budget

Exhibit A
Amended Fiscal Year 2019/2020 Budget [See attached]

University Park Recreation District				

FY20 Proposed Budget				
	
FY 2020	
FY 2020		
	Adopted	Revised		
	O&M Budget	O&M Budget		
Revenues				
Other Income & Other Financing Sources				
Assessment for O&M				
Prior Year Assessment	$200,000	$200,000		
PrYr Surplus	$194,519	$194,519		
Inter-Fund Transfers - Country Club to O&M	$141,011	$141,011		
Inter-Fund Transfers - O&M to Non-Recurring				
Net Revenues	$535,530	$535,530		

General & Administrative Expenses				
Insurance	$2,805	$2,805	$0	
Management	$75,000	$75,000	$0	
Dissemination Agent	$0	$5,000	$5,000	
District Counsel	$40,000	$39,000	$(1,000)	
District Counsel - Non-Recurring	$25,000	$25,000	$0	
District Counsel - Litigation	$250,000	$251,000	$1,000	
Assessment Administration	$10,000	$10,000	$0	
Audit	$6,000	$17,100	$11,100	
AccountinQ	$50,000	$50,000	$0	
Travel and Per Diem	$5,000	$5,000	$0	
Telecommunications	$0	$0	$0	
Postage & Shipping	$1,500	$1,500	$0	
Copies	$2,000	$2,000	$0	
Legal Advertising	$5,000	$5,000	$0	
Bank Fees	$450	$550	$100	
Meeting Set Up	$27,000	$27,000	$0	
Contingency	$24,000	$7,700	$(16,300)	
Web Site Maintenance	$6,600	$6,700	$100	
Dues, Licenses, and Fees	$175	$175	$0	
Inter-Fund Transfer Out	$0	$0	$0	
Short Term Financing Repayment Interest	$5,000	$5,000	$0	
Total General & Administrative Expenses	
$535,530	$535,530	$0	

Total Expenses	
	$535,530	
$535,530		

Net Income	

$0	
$0