RESOLUTION 2025-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT ADOPTING AN AMENDED GENERAL FUND, ENTERPRISE FUND AND DEBT SERVICE FUND BUDGETS FOR FISCAL YEAR 2023/2024, PROVIDING FOR APPROPRIATIONS; ADDRESSING CONFLICTS AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, on September 8, 2023, the Board of Supervisors ("Board") of the University Park Recreation District ("District"), adopted Resolutions 2023-08 & 2023-09 providing for the adoption of the District's fiscal year 2023-2024 annual budgets ("Budgets"); and

WHEREAS, the General Manager, at the direction of the Board, has prepared an amended Budgets, to reflect changes in the actual appropriations of the Budgets; and
WHEREAS, Chapter 418, Florida Statutes, and Manatee County Ordinance 18-29 as amended by Manatee County Ordinance 23-95
("Charter") authorize the Board to adopt and amend the Budgets; and

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

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

BUDGETS AMENDMENT.

The Board has reviewed the General Manager's proposed amended Budgets, 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 Budgets, attached hereto as Exhibit A and incorporated herein by reference (the "Amended Budgets"), 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 Budgets shall be maintained in the office of the District Manager and the District Records Office and identified as 'The Adopted Budgets for the University Park Recreation District for the fiscal year ending September	30,	2024,	as	amended	and	adopted	by	the	Board	of Supervisors effective March 14, 2025."

AMENDMENT. The Bt1dgets	hereby amended as set forth in Exhibit •A" attached hereto and incorporated herein by reterenoo:

TOTAL GENERAL FUND

$	311.06000

TOTAL :ENTERPRISE FUND DEBT SERVICE RUND TOTAL ALL FUNDS

$12.090,111.00

$1A.14fi829.00

CO FLICTS-. This Resolution is intended to mend. Resorutions 2023-08 & 2023-09. A I Districi resolutions or parts tiler of in a:ctli.Ja co flict with is Resolufion are, to the e,xmnt of such co flict. superaeded' and repealed..
SEVERABIUTY. The uwaltdity or unenforceability of any one or morie prov •·rons of ·s Reso ion Sha not affect ttie validity or enfon:-eab·ity of Hie remaining portions of this Resolution, or any part ther-eol

EF ECTIVE DATE. This Resolution sh. I take effect upon the passage and adoption of this Resolution by d'ie Boord.
Adopted this 'f4 day of March 2025.

ATTEST:		BOARD Of SUPERVISORS OF THE UNIVERSITY PARK RECREA ON DISTRICT

By:  	...,_.		_ Ass·stmt
Secretary

By:	\
CbairpeES

Amended iscal Year 2023/2024 Budgets

University Park Recreation District Revised Budget
For the period of 10/1/2023 Through 9/30/2024
General Fund -Operations & Maintenance

FY 2024	Actual FY	FY 2024	
Adopted
Budget	2024 Total	Revised
Budget	
Revenues
PrYr Surplus	4,737	16,564	16,564	
Inter-Fund Transfers - Debt Service to O&M	70,000	99,988	99,988	
Inter-Fund Transfers - Country Club to O&M		175,263	200,000	194,508	
$250,000	$316,552	$311,060	

General & Administrative Ex enses
Assessment Administration	10,000	10,000	10,000	
Audit	35,000	37,950	37,950	
Bank Fees	8,000	7,294	7,294	
Contingency	14,000	720	720	
Dissemination Agent	5,000	5,000	5,000	
District Counsel	70,000	137,358	137,358	
Dues, Licenses, and Fees	5,000	1,075	1,075	
Insurance	15,000	13,635	13,635	
Legal Advertising	3,000	4,657	4,657	
Management	70,000	70,000	70,000	
Meeting Set Up	1,000			
Travel and Per Diem	1,000			
Office Supplies	500	93	93	
Postage & Shipping	1,000	16,434	16,434	
Election Costs	7,500	2,425	2,425	
Web Site Maintenance		4,000	4,420	4,420
Total General & Administrative Expenses	$250,000	$311,060	$311,060

SUMMARY INCOME STATEMENT	2024 Adopted	2024	2024 Revised	
Fl CAL YEAR ENDING SEPTEMBER 30	Budget	Actual	Budget	
COUNTRY CLUB OPERATIONS:				
				
TOTAL REVENUE	12,578,884	12,542,605	12,090,181	
				
EXPENSES:				
PAYROLL & RELATED:				
				
GOLF OPERATIONS	756,653	674,382	674,382	
TENNIS & FITNESS CENTRE	431,361	370,348	370,348	
RESTAURANT	2,068,038	2,421,777	2,421,777	
GOLF COURSE MAINTENANCE	1,676,481	1,728,426	1,728,426	
GENERAL & ADMINISTRATIVE	1,416,114	1,465,988	1,465,988	
				
TOT PAYROLL & RELATED	6,348,646	6,660,921	6,660,921	
				
DIRECT EXPENSES:				
				
GOLF OPERATIONS	884,639	766,113	766,113	
TENNIS & FITNESS CENTRE	248,670	196,348	196,348	
RESTAURANT CGS	1,582,681	1,617,471	1,617,471	
RESTAURANT OPER EXP	698,415	868,555	868,555	
GOLF COURSE MAINTENANCE	1,564,648	1,181,961	1,181,961	
GENERAL&ADMIN	459,055	493,677	493,677	
PROPERTY INSURANCE	350,000	305,135	305,135	
				
TOTAL DIRECT EXPENSES	5,788,108	5,429,260	5,429,260	

OPERATING INCOME/(LOSS)	442,131	452,424	-	

University Park Recreation District Revised Budget
For the period of 10/1/2023 Through 9/30/2024
Debt Service Fund

FY2024
Budget

FY 2024
Actual

FY 2024
Revised Budget

REVENUES:
Special Assessments	
1,613,756	
1,389,208		
1,745,588	
Interest Income		97			
TOTAL REVENUES	1,613,756	1,389,305		1,745,588	

EXPENDITURES:
Interest 11/01/2023	

355,231	

355,231		

355,231	
Interest 5/1/2025	355,231	355,231		355,231	
Principal 5/1/2024	555,000	555,000		555,000	
Transfer to General Fund		99,988		99,988	
Property Appr Fees		31,843		31,843	
TOTAL EXPENDITURES	1,265,463	1,397,294		1,397,294	

EXCESS REVENUES	

348,294	

(7,989)		

348,294	

Interest 11/01/2024	

348,294	

348,294		

348,294