RESOLUTION 2024-17

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT APPROVING A PROPOSED PRELIMINARY COUNTRY CLUB 2024/2025 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 2024/2025 ("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:
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 2024/2025 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

 	

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

HOUR:

LOCATION:

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.

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

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 21st DAY OF MAY 2024.

ATTEST:	UNIVERSITY PARK

RECREATION DISTRICT
Secretary

SUMMARY INCOME STATEMENT FISCAL YEARS ENDING SEPTEMBER 30 COUNTRY CLUB OPERATIONS:

REVENUE: MEMBERSHIP DUES GOLF OPERATIONS
RACQUETS & FITNESS CENTRE

2023
Actual

4,987,592
3,984,856
129,655

2024
Budget

5,322,094
3,784,965
165,836

2024
Forecast

5,545,598
3,795,327
141,085

2025
Budget

6,142,041
4,059,843
155,222

2025 Budget
vs. 2024 FC

596,443
264,515
14,137

DINING INCOME

2,734,285

3,300,510	3,313,216

3,434,790

121,574

OTHER INCOME

6,651

5,480

9,905

5,480

(4,425)

TOTAL REVENUE

11,843,038

12,578,884

12,805,132

13,797,375

992,244

EXPENSES:
PAYROLL & RELATED:

GOLF OPERATIONS
RACQUETS & FITNESS CENTRE DINING
GOLF COURSE MAINTENANCE GENERAL & ADMINISTRATIVE

656,669
310,973
1,914,140
1,661,816
1,381,035

756,652

',

431,361	I
2,068,038
1,676,481
1,416,114

707,365
384,064
2,391,634
1,705,668
1,405,526

879,898
407,000
2,437,498
1,775,918
1,687,954

172,533
22,937
45,864
70,250
282,428

TOTAL PAYROLL & RELATED

5,924,633

6,348,646

6,594,257

7,188,268

594,011

DIRECT EXPENSES:

GOLF OPERATIONS

954,347

884,639	979,870

953,497

(26,373)

RACQUETS & FITNESS CENTRE DINING CGS

203,484
1,435,387

248,670
1,571,146

210,280
1,790,381

254,553
1,636,966

44,273
(153,415)

DINING OPER EXP

750,173 	709,950 

810,751

829,010

18,259

-	----	-- -	- -- ---	-	-

-	-f---	--

GOLF COURSE MAINTENANCE GENERAL & ADMIN PROPERTY INSURANCE

1,466,744
364,944
263,330

1,564,648
459,055
350,000

1,615,348
467,103
308,955

1,664,885
456,008
350,000

49,536
(11,095)
41,045

TOTAL DIRECT EXPENSES

5,438,409

I
5,788,108	6,182,688
I

6,144,918

(37,769)

OPERATING INCOME/(LOSS}

479,997

I
I  I
442,131	28,187

464,189

436,002

CAPITAL ALLOCATION:
INITIATION FEES
CAPITAL ALLOCATION- GOLF OPS

786,670
268,437

I
480,550
269,617

1,012,725
276,393

829,550
276,726

(183,175)
334

CAPITAL DUES	-		-	

  ]23,065 	313,786 
I
I

339,531

380,278

40,748

TOTAL CAPITAL ALLOCATION

1,278,172

1,063,953	I	1,628,649

1,486,555

(142,094)

Printed:  5/20/2024 10:17 AM