RESOLUTION 2025-12
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT APPROVING PROPOSED PRELIMINARY FY 2025/2026 BUDGETS 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 budgets for operation, maintenance, and capital improvements for Fiscal Year 2025/2026 ("Proposed Budgets"); and

WHEREAS, the Board has considered the Proposed Budgets 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 BUDGETS APPROVED. The Proposed Budgets prepared by the District Manager to the District Budget to provide budgets for the operation, maintenance, and capital improvement of the District for Fiscal Year 2025/2026 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budgets.
SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budgets is hereby declared and set for the following date, hour and location:

DATE: HOUR: LOCATION:

August12,2025	 1:00 p.m.
The Business Offices 8301 The Park Blvd. University Park, FL 34201.

TRANSMITTAL OF PROPOSED BUDGETS 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 22ND DAY OF MAY 2025.
ATTEST:	UNIVERSITY PARK
RECREATION DISTRICT

�IL
Secretary

University	Park	Recreation	District				
				FY	2026	Proposed	Debt	Service	Budget				
				FY	2026	Proposed	Budget	
REVENUES:							
Series	2019	Bonds	Special	Assessments		$		1,601,193.75	
TOTAL	REVENUES			$		1,601,193.75	

EXPENDITURES:						
Interest	11/01/2025					341,168.75	
Interest	5/1/2026					585,000.00	
Principal	5/1/2026					341,168.75	
TOTAL	EXPENDITURES			$		1,267,337.50	

Funds	
Available	
for	
11/1	
Payment				
333,856.25	

Interest	
11/01/2026						
333,856.25	

University Park Recreation District
FY 2026 Proposed Capital Irrigation Budget

FY 2026 Proposed Debt	
REVENUES:	Service Budget	
Series 2024 Note Special Assessments	$	5,000,000.00	

TOTAL REVENUES	$	5,000,000.00	

EXPENDITURES:
Series 2024 Note due 8/12/2026	

$	5,000,000.00	

TOTAL EXPENDITURES	$	5,000,000.00	

Exhibit A
University Park Recreation D,istrict FY2026 Proposed General Fund Budget

Revenues	Actua1I Through 03131/2025	Anticipated April - Sept.	Anticipated FY 2025
Total	FY 2025
Adopted Budget	FY .2026
Proposed Budget	
Other Income & Other Financing Sources PrYr Surplus	19,127		19,127	
7,734	9,08.S	
Inter-Fund Transfers - Debt Service to O&M	6,156	70,000	76,15-6	70,000	70,000	
Inter-Fund Transfers - Countty C�ub to O&M	175 766	40000	215 766	175 766	2201912	
	$.201.049	$110,000	$311,049	$253,500	$300,000	

G·eneral & Administrative ExRenses	
Assessment AdminMstration	

10,000		

10,000	

10,000	

10,000	
Audit	31925	3 000	34.925	35000	35000	
Bank Fees	25	20	45	8,000	500	
Bond Admistration Fee	16 858	-	6858	-	7 500	
Contingency	360	360	720	14,000	15,000	
Dissemination Agent	5,000	-	5,000	5,000	5,000	
District Counsel	86,160	48,000	134,160	70,000	110,000	
Dues, Licenses, and Fees	175	-	175	5,000	2,500	
Election Costs	91423	-	9,423	7,500	10,000	
Insurance	15,839		15.,839	15,000	·17,500	
Legat Advertising	2,006	2,490	4A96	5,000	5,000	
Management	35,000	35,000	70,000	70,000	70,000	
Meeting Set Up		-		1,000	5,000	
Office Supplies	528	-	528	1,000	1,000	
Postage & Shipping	226		226	1,000	1,000	
Professional Services, Other	4,846,		4,846			
Travel and Per Diem		-		1,000		
Web Site Maintenance	2,060	2,660	4,720	5,000	5,000	
Total General & Adminis.trative Expenses	$210,431	$91,530	$301,961	$253.,500	$300,000