RESOLUTION 2023-08
THE ANNUAL APPROPRIATION RESOLUTION OF THE UNIVERSITY PARK RECREATION DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District was established by the Board of County Commissioners of Manatee County, Florida, elective August 2, 2018 and;
WHEREAS, the District Manager has submitted to the Board of Supervisors (“Board”) of the University Park Recreation District (“District”) a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Manatee County Ordinance 18-29, Laws of Florida and Chapter 189, Florida Statt/tes; and
WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Manatee County Ordinance 18- 29 and Chapter 189, Florida Statutes, and
WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Manatee County Ordinance 18-29, Laws of Florida and Chapter 189, Florida Statutes, and
WHEREAS, the District Manager posted the Proposed Budget on the District's website at least two days before the public hearing; and
WHEREAS, Manatee County Ordinance 18-29, Laws of Florida, requires that, prior to October 1*t of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and
WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT:

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SECTION 1.	BUDGET
The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District's Local Records Office, and hereby approves ce%ain amendments thereto, as shown in Section 2 below.
The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Manatee County Ordinance 18-29, Laws of Florida and Section 189.016, Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.
C.  The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District's Local Records Office and identified as “The Budget for the University Park Recreation District for the Fiscal Year Ending September 30, 2024.”
d.  The Adopted Budget shall be posted by the District Manager on the District's official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.
SECTION 2.	APPROPRIATIONS

v‹. : f>*^•*66'!^«) N°1 f
raised by the levy of ass ssments and/or otherwise, which sum

There is hereby appropriated out of the revenues of the District for Fiscal Year 2023/2024, the sum of
Dollars to be	is deemed by the
Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND

TOTAL ALL FUNDS
SECTION 3.	BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2023/2024 or within 60 days following the end of the Fiscal Year 2023/2024 may amend its Adopted Budget for that fiscal year as follows:
The Board may authorize an increase or decrease in line-item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.
The District Manager or Treasurer may authorize an increase or decrease in line- item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.
C.  By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.
d.  Any other budget amendments shall be adopted by resolution and consistent with Florida law.

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SECTION 4.	EFFECTIVE DATE. This Resolution shall take ehect immediately upon adoption.
PASSED AND ADOPTED THIS 8th DAY OF SEPTEMBER, 2023.

ATTEST:

Secretary/Assistant Secretary

Exhibit A: Fiscal Year 2023/2024 Budget

UNIVERSITY PARK RECREATION DISTRICT

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Exhibit A:
Fiscal Year 2023/2024 Budget

2 î 83402 I

Revenues

University Park Recreation District FY2024 Adopted General Fund Budget

Actual	Anticipated	Anticipated	FY2023	FY2024	
Through	April - Sept.	FY 2023	Adopted	Adopted	
03/31/2023		Total	Budget	Budget	

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 Expenses
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	

University Park Recreation District
FY 2024 Adopted Debt Service Budget

REVENUES:

Special Assessments TOTAL REVENUES

EXPENDITURES:

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

TOTAL EXPENDITURES

FY2024 Adopted Series 2019 Budget

$	1,613,756.25

 $	1,613,756.25 

$	355,231.25
$	355,231.25
$	555,000.00

$	1,265,462.50

Funds Available for 11/1 Payment	 §	348 293.75 

Interest 11/01/2024	$	348,293.75