RESOLUTION 2025-17

THE ANNUAL APPROPRIATION RESOLUTION OF THE UNIVERSITY PARK RECREATION DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(s) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District was established by the Board of County Commissioners of Manatee County, Florida, effective 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(s) (“Proposed Budget(s)”) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Manatee County Ordinance 18-29 as amended, Laws of Florida and Chapter 189, Florida Statutes; and
WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget(s), the District filed a copy of the Proposed Budget(s) with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Manatee County Ordinance 18-29 as amended, 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 as amended, 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 as amended, Laws of Florida, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt the budget(s) 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(s), whereby the budget(s) 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.
WHEREAS, On September 2, 2025, the Board held a Public Hearing regarding proposed budgets.

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

SECTION 1.	BUDGETS
The Board has reviewed the Proposed Budget(s), 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 certain amendments thereto, as shown in Section 2 below.
The Proposed Budget(s), attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Manatee County Ordinance 18-29 as amended, Laws of Florida and Section 189.016, Florida Statutes (“Adopted Budget(s)”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget(s) may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.
The Adopted Budget(s), 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(s) for the University Park Recreation District for the Fiscal Year Ending September 30, 2026.”
The Adopted Budget(s) 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.

ear 2025/2026,

SECTION 2.	APPROPRIATIONS

There it hereby appropriated out of the revenues of the District, for Fisc
the sum of  ym w///i  ,rH r	  Dollars to be raised by the levy of assessments and/or otherwise, which sum 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 2025/2026 or within 60 days following the end of the Fiscal Year 2025/2026 may amend its Adopted Budget(s) 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.
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.
Any other budget amendments shall be adopted by resolution and consistent with Florida law.

SECTION 4.	EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THISTODAY OF	, 2025.

Secretary/Assistant Secretary

ATTEST:

UNIVERSITY PARK RECREATION DISTRICT

By:

Exhibit A:	 Fiscal Year 2025/2026 Budget Exhibit B:	Debt Service Budget

Exhibit A:
Fiscal Year 2025/2026 Budget

University Park Recreation District FY2026 Adopted General Fund Budget

	FY 2025		FY 2026	
	Adopted		Adopted	
	Budget		Budget	
Revenues				
Other Income & Other Financing Sources	-			
PrYr Surplus	7,734		9,088	
Inter-Fund Transfers - Debt Service to O&M	70,000		70,000	
Inter-Fund Transfers - Country Club to O&M		175,766			220,912	
	$253,500		$300,000	

General & Administrative Expenses				
Assessment Administration	10,000		10,000	
Audit	35,000		35,000	
Bank Fees	8,000		500	
Bond Admistration Fee	-		7,500	
Contingency	14,000		15,000	
Dissemination Agent	5,000		5,000	
District Counsel	70,000		110,000	
Dues, Licenses, and Fees	5,000		2,500	
Election Costs	7,500		10,000	
Insurance	15,000		17,500	
Legal Advertising	5,000		5,000	
Management	70,000		70,000	
Meeting Set Up	1,000		5,000	
Office Supplies	1,000		1,000	
Postage & Shipping	1,000		1,000	
Professional Services, Other	-		-	
Travel and Per Diem	1,000		-	
Web Site Maintenance	5,000		5,000	
Total General & Administrative Expenses	$253,500		$300,000	

Exhibit B: Debt Service Budget

University Park Recreation District FY 2026 Adopted Debt Service Budget

FY 2026 Adopted Budget
REVENUES:
Series 2019 Bonds Special Assessments	
$	
1,601,193.75	
TOTAL REVENUES	$	1,601,193.75	

EXPENDITURES:
Interest 11/01/2025 Interest 5/1/2026 Principal 5/1/2026		

341,168.75
585,000.00
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