RESOLUTION 2023-07

A	RESOLUTION	OF THE BOARD	OF SUPERVISORS	OF THE UNIVERSITY	PARK		RECREATION		DISTRICT	 APPROVING	A PROPOSED PRELIMINARY FY 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 operation, maintenance, and capital improvements for 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 att ched 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 Propos d Budget is hereby declared and set for the following date, hour and location:

DATE:

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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:	UNIVERSITY PARK 
                                                    RECREATION DISTRICT

University Park Recreation District FY2024 Proposed General Fund Budget

Actual	Anticipated	Anticipated	FY 2023	FY 2024	
Through	Apri I - Sept.	FY 2023	Adopted	Proposed	
03/31/2023		Total	Budget	Budget	
Revenues
Other Income & Other Financing Sources		
PrYr Surplus		60,864		60,864	79,566	4,737	
Inter-Fund Transfers - Debt Service to O&M		51,889	20,000	71,889	70,000	70,000	
Inter-Fund Transfers - Country Club to O&M		90,000	35,000	125,000	88,934	175,263	
	Net	$202,753	$55,000	$257,753	$238,500	$250,000	

General & Administrative Ex enses			
Assessment Administration		10,000		10,000	10,000	10,000	
Audit		35,630	1,525	37,155	25,000	35,000	
Bank Fees		7,468		7,468	8,000	8,000	
Contingency		357	360	717	25,000	14,000	
Dissemination Agent		5,000		5,000	5,000	5,000	
District Counsel		43,246	42,000	85,246	60,000	70,000	
Dues, Licenses, and Fees		16,175		16,175	5,000	5,000	
Insurance		13,022		13,022	3,000	15,000	
Legal Advertising		928	1,200	2,128	5,000	3,000	
Management		35,000	35,000	70,000	70,000	70,000	
Meeting Set Up					1,000	1,000	
Travel and Per Diem					1,000	1,000	
Office Supplies			900	900	500	500	
Postage & Shipping		47	50	97	1,000	1,000	
Election Costs		3,713		3,713	15,000	7,500	
Web Site Maintenance		1,910	1,910	3,820	4,000	4,000	
Total General & Administrative Expenses		$172,496	$82,945	$255,441	$238,500	$250,000	

Revised 5/8/2023

University Park Recreation District FY 2024 Proposed Debt Service Budget

FY2024 Proposed Series 2019 Budget

REVENUES:

Special Assessments

TOTAL REVENUES

$	1,613,756.25

$	1,613,756.25

EXPENDITURES:

Interest 11/01/2023	$
Interest 5/1/2024	$
Principal 5/1/2024	$

355,231.25
355,231.25
555,000.00

TOTAL EXPENDITURES

Funds Available for 11/1 Payment

=$ ==1,=265=,46=2.5=0
=$====34=8,2=93=.7=5

Interest 11/01/2024	$	348,293.75