RESOLUTION 2023-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT APPROVING A PROPOSED PRELIMINARY COUNTRY CLUB ·2023/2024 BUDGET AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the University Park Recreation District ("District") was recently established by the Manatee County Commission, Florida, effective August 2, 2018; and

WHEREAS, in November, 2019, the District acquired the University Park Country Club ("Country Club") and has begun operating and maintaining the Country Club; and

WHEREAS, the District Manager has prepared and submitted to the Board of Supervisors of the University Park Recreation District (the "Board") the proposed operating budget for the Country Club Fiscal Year 2023/2024 ("Proposed Budget"); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

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

1.	PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager to the District Budget to provide a budget for the operation, maintenance. and capital improvement of the District for Fiscal Year 2023/2024 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

2.	SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:
1.	

DATE:

Sif"'Un	bu		I 2-Dz'.3
I:a; f/Yl.

HOUR:		
LOCATION:	(ommun/  Cll]k.,/
€BO/	Jnz. uk:.. 6eu/cvatcf 
/)nf YJASihj f?a,11/L 1 /-/_ f'/2()/
3.	TRANSMITTAL OF PROPOSED BUDGET AMENDMENT TO LOCAL
GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Manatee County in accordance with Chapter 189, Florida Statutes.

4.	POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District's Secretary is further directed to post the approved Proposed Budget on the District's website at least two days before the budget hearing date as set forth in Section 2, shall be posted within five (5) days after adoption, and shall remain on the website for at least two (2) years. If the District does not have its own website, the District's Secretary is directed to transmit the approved budget to the manager or administrator of Manatee County for posting on their websites.

5.	PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

6.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 16th DAY OF MAY, 2023.

ATTEST:

Secretary

UNIVERSITY PARK RECREATION DISTRICT

University Park Recreation District Proposed Fiscal Year 2024 Country Club Budget

SUMMARY INCOME STATEMENT	2023	2023			2023	Rolling	2024	2024 Budget	
FISCAL YEARS ENDING SEPTEMBER 30	Actual	Budget			Forecast	12 Months	Budget	vs. 2023 FC	
COUNTRY CLUB OPERATIONS:									
									
 REVENUE:		-	-						
-		

j

  	

MEMBERSHIP DUES GOLF OPERATIONS
TENNIS & FITNESS CENTRE
RESTAURANT INCOME

4,391,325
3,884,973
100,856
2,150,493

4,893,570
3,453,799
95,420
2,385,038

4,897,778
3,671,523
112,586
2,507,068

4,724,682
3,840,751
115,178
2,501,087

5,287,340
3,860,176
165,836
2,873,344

389,562
188,652
53,250
366,276

 OTHER INCOME  --	-------  - -

8,080

	5,000 

-- 6,608

7,401

5,480

_ 	Q,

TOTAL REVENUE

10,535,727

10,832,827

11,195,563

11,189,099

12,192,175

996,612

EXPENSES:
 PAYROLL & RELATED:		-

GOLF OPERATIONS TENNIS & FITNESS CENTRE RESTAURANT
GOLF COURSE MAINTENANCE GENERAL & ADMINISTRATIVE

613,097
250,520
1,471,549
1,672,514
1,229,298

756,593
317,152
1,601,688
1,674,777
1,347,278

697,014
299,519
1,819,955
1,620,348
1,331,241

635,588
260,975
1,689,313
1,601,085
1,194,682

811,323
363,582
2,020,138
1,676,481
1,468,498

114,309
64,063
200,183
56,133
137,257

TOT PAYROLL & RELATED

5,236,978

5,697,488
'

5,768,077

5,381,643

6,340,021

571,945

DIRECT EXPENSES:
-	-

--	--

---1

-	·-f-

--	--

----

GOLF OPERATIONS			887,925	821,840	861,774	895,515	871,199	9,425		
TENNIS & FITNESS CENTRE			155,676	168,111	184,675	186,328	240,350	55,675		
RESTAURANT CGS			1,184,381	1,087,718	1,229,716	1,342,022	1,396,028	166,312		
RESTAURANT OPER EXP	-	
---	558,738	593,482	649,524	636,032	687,843	38,319		
GOLF COURSE MAINTENANCE	1,309,520	1,465,264		1,526,421	1,360,659	1,561,898	35,477	
GENERAL & ADMIN	409,856	417,850		379,373	372,247	454,375	75,002	
PROPERTY INSURANCE	215,580	225,000		198,535	187,901	260,000	61,465	
								
TOTAL DIRECT EXPENSES
	--·-------	4,721,676	4,779,265		5,030,018	4,980,704	5,471,692	441,675	
								
			'					
OPERATING INCOME/(LOSS}	577,073	356,074		397,469	826,752	380,461	(17,007)	
								
FUNDING OF UPRD GENERAL FUND	(100,000)	(90,000)		(125,000)	(125,000)	(175,263)	(50,263)	
								
SURPLUS/(LOSS) FOR OTHER RD NEEDS	477,073	266,074		272,469	701,752	205,198	(67,270)	

CAPITAL ALLOCATION:						

I							
INITIATION FEES	405,450	505,700		587,225	588,675	480,550	(106,675)	
CAPITAL ALLOCATION- GOLF OPS	271,815	225,000		276,393	250,000	277,974	1,581	
CAPITAL DUES	-	294,678		74,135	74,135	311,711	237,576	
								
TOTAL CAPITAL ALLOCATION	677,265	1,025,378		937,753	912,810	1,070,235	132,482	

Revised 5/8/2023