University Park Recreation District
3501 Quadrangle Blvd., Suite 270, Orlando, FL 32817
Phone: 407-723-5900 Fax: 407-723-5901
http://universityparkrd.com/

The Meeting of the Board of Supervisors of the University Park Recreation District will be held on Friday, May 8, 2026, at 2:00 PM at the Business Offices, 8301 The Park Boulevard, University Park, FL 34201 and virtually.
Meeting ID: 648 161 1158	Passcode: 597609 Join meeting via Zoom:
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Join via mobile:	+16469313860,,6481611158#,,,,*597609# US
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BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters 	(2:00-2:10PM)
Call to Order
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

Administrative Matters	(2:10-2:30PM)
Review of Candidates for Vacant Board Seat 3 (provided under separate cover)
Nominations/Appointment of Candidate to Vacant Board Seat 3 (Term Expires February 2028)
Consideration of Resolution 2026-14, Appointing District Officer Roles
Public Records Request Summary List
Correspondence Summary List

Staff Report Matters		(2:30-2:45PM)
District Counsel
District Manager
Club Management
Management Discussion & Analysis Report (provided under separate cover)
Committee Reports
Finance
Strategic Planning

Old Business Matters	(2:45-3:15PM)
Update of Boardwalk Project – John Fetsick
Review of Proposed FY 2027 Budgets
Operating Budget (Enterprise Fund)
Capital Budget (Enterprise Fund)
General Fund
Debt Service
Capital Irrigation Fund
New Business Matters	(3:15-3:45PM)
Review of the Preliminary Deck for the Town Hall Meeting (provided under separate cover)
Discussion of Proposed Governance Committee Options – Scott Huebner
Discussion of Fitness Center Upgrade – Greg Selep

Date	Meeting Type	Time	Location	
May 12, 2026	Town Hall Meeting	2:00 PM	To Be Determined	
May 13, 2026	Strategic Planning Committee Meeting	3:00 PM	University Park Business Offices	
May 20, 2026	Finance Committee Meeting	3:00 PM	University Park Business Offices	
June 2, 2026	Board of Supervisors’ Meeting	2:00PM	University Park Business Offices	
June 10, 2026	Strategic Planning Committee Meeting	3:00 PM	University Park Business Offices	
June 12, 2026	Board of Supervisors’ Meeting	2:00PM	University Park Business Offices	
June 17, 2026	Finance Committee Meeting	3:00 PM	University Park Business Offices	
June 30, 2026	Board of Supervisors’ Meeting	2:00PM	University Park Business Offices	

Supervisor Comments & Future Agenda Items	(3:45-4:00PM)

Adjournment

University Park Recreation District

Review of Candidates for Vacant Board Seat 3
(provided under separate cover)

University Park Recreation District

Nominations/Appointment of Candidate to Vacant Board Seat 3
(Term Expires February 2028)

University Park Recreation District

Consideration of Resolution 2026-14, Appointing District Officer Roles

RESOLUTION 2026-14

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT ELECTING THE OFFICERS OF THE DISTRICT, AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the University Park Recreation District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 418, Florida Statutes, being situated entirely within Manatee County, Florida; and

WHEREAS, pursuant to Chapter 418, Florida Statutes, the Board of Supervisors (“Board”), shall organize by electing one of its members as Chair and by electing a Secretary, and such other officers as the Board may deem necessary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT:
DISTRICT OFFICERS. The District officers are as follows:

	 is appointed Chairperson.
	 is appointed Vice-Chairperson.
	 is appointed 2nd Vice Chairperson.
	 is appointed Treasurer
		 is appointed Board Secretary Vivian Carvalho	 is appointed District Secretary Kwame Jackson		  is appointed Assistant Secretary. John Fetsick		  is appointed Assistant Treasurer. Paul Fay		  is appointed Assistant Treasurer.

CONFLICTS. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.
EFFECTIVE DATE. This Resolution shall become effective immediately upon its adoption.

Passed and Adopted this 8th day of May 2026.
Attest:	UNIVERSITY	PARK	RECREATION DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

University Park Recreation District

Public Records Request Summary List

Total of All Records Request
Tally of Records	ID# Assignment	Date	Requester	Name of File / Subject/ Law Firm	Status	Files Released	
1		9.6.24	Dean Matt	Additional Documents	Completed	33	
1		9.26.24	Dean Matt	Insurance	Completed	8	
1		10.25.24	Dean Matt	Additional Records	Completed	3	
1		11.7.24	Dean Matt	Additional Document	Completed	1	
1		11.12.24	Dean Matt	Additional Documents	Completed	5	
1		12.12.24	Dean Matt	Additional Document	Completed	2	
1		10.1.24 & 12.19.24	Dean Matt	Additional Document Pertaining to Trustee and Bond Counsel	Completed	6	
1		2.6.25	Dean Matt	Election Request #1 A	Completed	20	
1		2.6.25	Dean Matt	Election Request # 1B	Completed	6	
1		2.20.25	Dean Matt	4th Election Voter List	Completed	2	
1		3.14.25	Dean Matt	UPRD 4th Election Invalid Ballots	Completed	1	
1		3.14.25	Dean Matt	Official Tally Sheet	Completed	1	
1		3.31.25	Dean Matt	Records Request	Completed	1	
1		4.3.25	Dean Matt	2025 Election	Completed	19	
1		4.7.25	Dean Matt	Ballot Results	Completed	1	
1		4.14.25	Dean Matt	4.14.25	Completed	5	
1		4.14.25	Dean Matt	Business Plan Group Executive Summary	Completed	1	
1		5.6.25	Dean Matt	5 Year Plan	Completed	17	
1		7.15.25	Dean Matt	Organizational Charts	Completed	2	
1		7.28.25	Dean Matt	Finance & Strategic Planning Committees	Completed	9	
1		7.29.25	Dean Matt	Committee Expertise Summary	Completed	2	
1		8.1.25	Dean Matt	July Board Meetings Attendance	Completed	4	
1		8.7.25	Dean Matt	8.7.25 District Financial Reports	Completed	5	
1		8.8.25	Dean Matt	MD&A Request	Completed	3	
1		8.12.25	Dean Matt	District Financials	Completed	2	
1		9.17.25	Dean Matt	Irrigation System Evaluation	Completed	1	
1		9.18.25	Dean Matt	MB 9.18.25	Completed	1	
1		9.28.25	Dean Matt	Records Request #1 Fact Focus 9.28.25	Completed	3	
1		9.28.25	Dean Matt	Records Request #2 Finance and Legal Issues Club	Completed	16	
1		10.27.25	Dean Matt	Records Request #4 BOS Workshop Cancellation	Completed	20	
1		9.28.25	Dean Matt	Records Request #3 Stock Touting - SEC 9.28.25	Completed	5	
1		10.17.25	Dean Matt	Records Request #9 Proposals (1)	Completed	2	
1		10.17.25	Dean Matt	Records Request #9 Proposals (2)	Completed	2	
1		10.13.25	Dean Matt	Records Request #7 Finance Cancellation	Completed	10	
1		10.16.25	Dean Matt	Records Request #8 Invoice Redaction 10.16.25	Completed	2	
1		9.22.25	Dean Matt	Records Request #6 9.22.25	Completed	3	
1	3	11.2.25	Dean Matt	Public Records Request - ID# 3 11.2.25	Completed	1	
1	1	10.29.25	Dean Matt	Public Records Request - ID# 1 10.29.25	Completed	3	
1	7	7.10.24	Dean Matt	ID-7 7.10.24 (Maintenance 5- Year/ Nov - Dec 2023)	Completed	23	
1	6	7.8.24	Dean Matt	ID-6 7.8.24	Completed	19	
1	6	11.19.25	Dean Matt	ID-6 (Maintenance 5- Year Plan / 1 Year Ago)	Completed	25	
1	8	7.8.24	Dean Matt	ID-8 7.8.24 ( Maintenance Nov- Dec Flow of Funds)	Completed	5	
1		7.8.24	Dean Matt	ID-5 7.8.24	Completed	4	
1		7.8.24	Dean Matt	ID- 1 7.8.24	Completed	5	
1		11.16.23	Dean Matt	Records Request 11.16.23	Completed	2	

1		2.23.24	Dean Matt	Records Request 2.23.24	Completed	2	
1		3.22.24	Dean Matt	Records Request 3.22.24	Completed	5	
1		5.11.24	Dean Matt	Records Request 5.11.24	Completed	3	
1		5.29.24	Dean Matt	Records Request 5.29.24	Completed	4	
1		1.22.25	Dean Matt	Records Request 1.22.25	Completed	2	
1		3.14.25	Dean Matt	Records Request 3.14.25	Completed	2	
1		9.26.25	Dean Matt	Records Request #5 Varsity Club - Card Room Closure 9.26.25	Completed	8	
1	2	10.29.25	Dean Matt	Records Request ID #2 10.29.25 (2nd Request)	Completed	16	
1	4	11.2.25	Dean Matt	Insurance	Completed	1	
1	5	11.16.25	Dean Matt	Records Request ID # 5 11.16.25	Completed	2	
1	9	11.24.25	Dean Matt	E-mail Threats 1/4 Town Hall 30 Days	Completed	1	
1	10	12.12.25	Dean Matt	E-mails from Mark Invoice	Completed	8	
1	11	12.27.25	Dean Matt	Invoices from Mark B Year 2024	Completed	31	
1	12	12.27.25	Dean Matt	Invoice from Mark B Year 2023	Completed	69	
1	13	12.29.25	Dean Matt	Election Procedure & General Information Package	Completed	2	
1	14	12.29.25	Dean Matt	Election Communication Invites	Completed	0	
1	15	12.19.25	Dean Matt	Dec. Start Mtg Recording, Strategic Planning Committee	Completed	4	
1	16	1.14.26	Dean Matt	D&O Limit Meeting mInutes Search 7-2025 thru 11-2025	Completed	0	
1	17	1.14.26	Dean Matt	Zoom Information	Completed	2	
1	18	1.15.26	Dean Matt	AI Invoice from District Counsel	Completed	2	
1	19	1.28.26	Dean Matt	Funds Transaction Points A, B, C	Completed	42	
							
				Lewis Longman Walker	Completed	2	
				Draft of the Opinion Letter from the Comission on Ethics	Completed	5	

1	20	3.11.26	Lewis Longman Walker  Lewis Longman Walker

1	21	3.25.26	Dean Matt
1	22	4.15.26	Dean Matt

69	Total of Records Request	As of 5.1.26	
524	Total of Files Released	As of 5.1.26	

University Park Recreation District

Correspondence Summary List

Correspondence Summary List (as of 5/1/2026)

Name	Date Received	Topic	
Kris Higgerson	4/21/2026	Open Board Seat	
Julie Grudzinskas	4/28/2026	Five Year Plan and Planning	
Vincent Beni	4/28/2026	Open Board Seat	

University Park Recreation District

Staff Reports

University Park Recreation District

Club Management Management Discussion & Analysis Report
(provided under separate cover)

University Park Recreation District

Update of Boardwalk Project

University Park Recreation District

Review of Proposed FY 2027 Budgets
Operating Budget (Enterprise Fund)
Capital Budget (Enterprise Fund)
General Fund
Debt Service
Capital Irrigation Fund

UNIVERSITY PARK RECREATION DISTRICT

FY 2027 Budget
October 2026 – September 2027

May 2025 Presentation

Enterprise Fund – Executive Summary

	FY'27 Budget		FY'26 Forecast		FY'26 Budget	
						
Revenue	14,335		13,782		13,702	
						
Expenses	13,854		13,072		13,299	
						
Operating Income	481		710		403	
						
Capital Allocation	1,387		1,384		1,174	

Total Revenue Breakdown

Total Revenue: $14,335
Membership Dues $7,056 Golf Operations $3,972 Racquets & Fitness $86 Dining	$3,215

MEMBERSHIP DUES	GOLF OPERATIONS RACQUETS & FITNESS	DINING INCOME

22%

1%	49%

28%

Total Expense Breakdown

Payroll Expense $7,800	Direct Expense $6,054

$ 1,875

$ 888

$ 406

$ 1,336

$ 1,023

$ 187

$ 406	$ 805

$ 2,045

$ 2,586

$ 507

$ 1,789

Golf Operations	Racquets & Fitness
Dining	Golf Course Maintenance General & Administrative

Golf Operations Dining Oper Exp General & Admin Dining CGS

Racquets & Fitness
Golf Course Maintenance Property Insurance

Key Assumptions – Membership Dues

	Family	Single	
	2027 Budget	2026 Actual	2027 Budget	2026 Actual	
Full Memberships	$	12,425	$	11,715	$	9,450	$	8,910	
Racquets Memberships	$	5,355	$	5,050	$	4,015	$	3,785	
Social Memberships	$	1,650	$	1,550	$	1,275	$	1,200	

Annual Dues Increases:
Full: $710 / $540
Racquets: $305 / $230
Social: $100 / $75
Annual Full Membership capped at 450

Minimal Pass Increases:
Pickleball Pass $800 (+$50)
Twilight Pass $800 (+$50)
Social Access Pass $550 (+$50)
Social Driving Range Pass $500 (+$50)

Initiation Fees, Capital Funding, & Capital Dues

Initiation Fees:

	2026 / 2027 Fees		2025 / 2026 Fees	
	Resident	Non-Resident		Resident	Non-Resident	
Full	$	25,000	$	50,000		$	20,000	$	30,000	
Racquets	4,500	5,500		4,000	5,000	
Social/Resident	3,500	N/A		2,500	N/A	
Continued Outside Golf Allocation (10%)
Capital Dues – Same percentages as 2023–2026
Resident: 5% of Dues
Non-Resident: 10% of Dues
Capital Dues rates remain flat & competitive locally

Key Assumptions – Golf Operations

Golf Rounds

	2027 Budget	2025 Actual	Last 12 Mths	
Member Rounds	44,446	41,706	42,859	
Outside Rounds	28,281	26,639	29,372	
Total	72,727	68,345	72,231	
Continue prioritizing member rounds and experience
More Full Members – capacity available for members
10% Social Member Discount
Trail Fee Increase

	2027 Fees		2026 Fees	
	Resident	Non-Resident		Resident	Non-Resident	
Single	$	1,950	$	2,950		$	1,750	$	2,650	
Family	2,450	3,675		2,200	3,300	

Key Assumptions – Dining Operations

No disruption due to Renovation of Kitchen considered
Similar hours of operation to FY2026
Revenue reflects modest increase aligned with menu price adjustments
Wage expenses increased for minimum wage & cost-of-living adjustments

	2026	Rolling	2027	
	Forecast	12 Months	Budget	
FOOD	44.5%	45.5%	46.0%	
WINE	39.1%	44.4%	40.0%	
LIQUOR	30.5%	27.6%	31.0%	
BEER	31.5%	30.7%	32.0%	
SODA	37.6%	31.4%	34.0%	

Food costs reduced via improved kitchen efficiency, strategic planning, and optimized menu design
Cost of goods sold is aligned with both the forecast and the rolling 12-month period.

Key Assumptions – Labor

No significant headcount increases or decreases
Blended 4-5% increase for salaried employees
Hourly Wages:
– Minimum wage increase
– Discretionary increases generally around 3–4%
Total Payroll reflects 54% of Total Revenue, near industry standard

Enterprise Fund – Executive Summary

	FY'27 Budget		FY'26 Forecast		FY'26 Budget	
						
Revenue	14,335		13,782		13,702	
						
Expenses	13,854		13,072		13,299	
						
Operating Income	481		710		403	
						
Capital Allocation	1,387		1,384		1,174	

University Park Country Club 2026 Budget

SUMMARY INCOME STATEMENT	2025	2026		2026	Rolling	2027	2027 Budget	
FISCAL YEARS ENDING SEPTEMBER 30	Actual	Budget		Forecast	12 Months	Budget	vs. 2026 FC	
COUNTRY CLUB OPERATIONS:								
								
REVENUE:								
MEMBERSHIP DUES	6,131,043	6,724,088		6,690,397	6,331,983	7,055,981	365,584	
GOLF OPERATIONS	3,451,413	3,759,858		3,873,761	3,819,508	3,972,489	98,728	
RACQUETS & FITNESS CENTRE	58,549	77,324		78,767	63,510	86,217	7,451	
DINING INCOME	3,010,876	3,135,420		3,128,216	3,095,363	3,214,730	86,514	
OTHER INCOME	13,499	5,480		10,735	11,073	5,480	(5,255)	
								
TOTAL REVENUE	12,665,380	13,702,170		13,781,877	13,321,437	14,334,898	553,021	
								
EXPENSES:								
PAYROLL & RELATED:								
								
GOLF OPERATIONS	719,677	856,026		815,823	740,303	887,667	71,844	
RACQUETS & FITNESS CENTRE	359,929	386,008		381,840	368,553	406,008	24,168	
DINING	2,308,561	2,435,666		2,404,993	2,331,002	2,585,690	180,697	
GOLF COURSE MAINTENANCE	1,833,506	2,068,992		2,003,005	1,822,931	2,044,986	41,982	
GENERAL & ADMINISTRATIVE	1,675,776	1,834,071		1,814,260	1,712,294	1,875,406	61,146	
								
TOT PAYROLL & RELATED	6,897,450	7,580,764		7,419,920	6,975,083	7,799,757	379,837	
								
DIRECT EXPENSES:								
								
GOLF OPERATIONS	1,016,726	1,018,068		1,026,855	1,063,757	1,023,261	(3,595)	
RACQUETS & FITNESS CENTRE	131,816	161,459		162,277	141,345	186,837	24,560	
DINING CGS	1,249,831	1,306,757		1,264,088	1,264,138	1,336,151	72,063	
DINING OPER EXP	755,303	782,785		741,513	736,277	805,415	63,902	
GOLF COURSE MAINTENANCE	1,611,411	1,566,167		1,635,319	1,715,778	1,789,315	153,996	
GENERAL & ADMIN	446,790	493,443		451,071	461,094	506,890	55,820	
PROPERTY INSURANCE	335,919	390,000		371,063	351,187	406,436	35,372	
								
TOTAL DIRECT EXPENSES	5,547,796	5,718,679		5,652,186	5,733,575	6,054,305	402,118	

OPERATING INCOME/(LOSS)	220,133	402,726		709,770	612,779	480,836	(228,934)	
								
CAPITAL ALLOCATION:								
INITIATION FEES	853,150	510,800		707,750	1,411,900	680,400	(27,350)	
CAPITAL ALLOCATION- GOLF OPS	252,656	248,670		261,299	257,158	265,305	4,006	
CAPITAL DUES	380,552	414,769		414,835	393,970	440,948	26,113	

TOTAL CAPITAL ALLOCATION	1,486,358	1,174,239		1,383,884	2,063,028	1,386,653	2,769	
								
Net Operating Margin	1.74%	2.94%		5.15%	4.60%	3.35%		
								
Payroll Ratio	54.46%	55.33%		53.84%	52.36%	54.41%		
Net F&B Income/(Loss) as of % of F&B Revenue	-43.27%	-44.33%		-40.99%	-39.93%	-47.05%		

	University Park Country Club		
	Fiscal Year 2027		
	Capital Budget Detail - Replacements Needed		
Department	Asset Name	Year Installed	Estimated Cost	
Grille	Kegerator, Beverage Air 6 Tap DD58	2004	4,223	
Grille	Merchandiser, True Single Glass Door GDM 23	1999	3,605	
Grille	Refrigerator, Perlick 2 Door PS2DP	2004	4,996	
Grille	Refrigerator, True Under Counter Cooler TBB-2	2004	5,150	
Grille	Ice Maker, Hoshizaki Water and Ice Dispenser	2016	4,841	
Varsity Club	Refrigerator, True Varsity Club 3 Tap Kegerator	1999	3,914	
Kitchen	Walk-In, Kolpak Freezer Capital Refurbishment	2019	5,000	
Fitness	Aerobic, True Recumbent Bike	2017	3,811	
Fitness	Aerobic, True Recumbent Bike	2017	3,811	
Racquets	Court, Ball Machine	2006	6,695	
Golf Operations	Door, Pro Shop Double Glass and Wood	1999	18,540	
Golf Operations	Roof Assembly, Cart Barn Flat Roof Membrane	1999	53,354	
Golf Operations	Wall, Cart Barn Metal	1999	77,250	
Golf Operations	Rolling Rack System, Renovation	1999	7,725	
Golf Operations	Ice & Water Machine, Hoshizaki	2022	9,270	
Golf Operations	Water & Ice Machine, Hoshizaki Holes 10-18	2022	4,841	
Golf Operations	Water & Ice Machine, Hoshizaki Holes 1-9	2019	4,841	
Golf Operations	Water & Ice Machine, Hoshizaki Holes 19-27	2022	4,841	
Golf Operations	Awning, Bag Drop	2015	7,210	
GCM	Golf Course Improvements	1,200,000	
GCM	Artificial Turf, Fiberbuilt Mat	2022	10,609	
GCM	Furniture, Bag Stand	2019	9,013	
GCM	Starter Structure, Refurbishment	2019	3,605	
GCM	Vehicle, Club Car Carryall 2	2014	13,792	
GCM	Vehicle, Club Car Carryall 2	2014	13,792	
GCM	Vehicle, Club Car Carryall 2	2014	13,792	
GCM	Vehicle, Club Car Carryall 2	2014	13,792	
GCM	Vehicle, Club Car Carryall 300	2015	13,792	
GCM	Grinder, Bernhard Express Dual Reel 5500	2020	56,940	
	Total	1,583,045	

4/10/2026	1/2

	University Park Country Club					
	Fiscal Year 2027					
	Capital Budget Detail - Items that may need to	be	replaced			
Department	Asset Name		Year	Installed	Estimated Cost	
Kitchen	Oven, Zephaire Convection Oven			2018	14,850	
Kitchen	Refrigerator, Pull Out Drawers Cold Line			1992	5,665	
Kitchen	Refrigerator, Pull Out Drawers Hot Line			1992	5,665	
Kitchen	Shelving, Shelving for walk-ins			2023	7,000	
Kitchen	Warming Cabinet, FWE Plate Carrier & Warmer			2006	6,901	
Fitness	Aerobic, True Elliptical			2017	8,446	
Fitness	Aerobic, True Elliptical			2017	8,446	
Fitness	Aerobic, True Treadmill			2017	8,034	
Fitness	Aerobic, True Treadmill			2017	8,034	
Fitness	Aerobic, True Treadmill			2017	8,034	
Fitness	Aerobic, True Treadmill			2014	8,034	
Fitness	Aerobic, True Upright Bike			2017	3,399	
Fitness	Aerobic, True Upright Bike			2017	3,399	
Racquets	Demolition of existing ball/work shed		New		TBD	
Racquets	New Ball/Work Shed		New		6,000	
Racquets	Hitting Wall		New		TBD	
Racquets	Court 1 Remove Landscape, Replace With Bleachers/Seating		New		TBD	
GCM	Blower, Buffalo			2015	8,549	
GCM	Vehicle, Club Car Carryall			2010	13,390	
			Total		123,846	

4/10/2026	2/2

University Park Recreation District FY2027 Proposed General Fund Budget

	Actual	Anticipated	Anticipated	FY 2026	FY 2027	
	Through	Mar. - Sept.	FY 2026	Adopted	Proposed	
	2/28/2026		Total	Budget	Budget	
Revenues
PrYr Surplus	
-	
-	
-	
9,088	
2,878	
Inter-Fund Transfers - Debt Service to O&M	5,486	70,000	75,486	70,000	70,000	
Inter-Fund Transfers - Country Club to O&M		175,000		72,412		247,412		220,912		269,822	
	$180,486	$142,412	$322,898	$300,000	$342,700	

General & Administrative Expenses
Assessment Administration	

10,000	

-	

10,000	

10,000	

10,000	
Audit	29,125	5,000	34,125	35,000	35,000	
Bank Fees	120	-	120	500	500	
Bond Admistration Fee	6,687	-	6,687	7,500	7,500	
Contingency	300	420	720	15,000	15,000	
Dissemination Agent	5,000	-	5,000	5,000	5,000	
District Counsel	65,722	84,000	149,722	110,000	150,000	
Dues, Licenses, and Fees	175	900	1,075	2,500	2,500	
Election Costs	6,691	-	6,691	10,000	-	
Insurance	21,569	-	21,569	17,500	24,200	
Legal Advertising	5,065	2,100	7,165	5,000	5,000	
Management	29,167	40,833	70,000	70,000	75,000	
Meeting Set Up			-	5,000	5,000	
Office Supplies			-	1,000	1,000	
Postage & Shipping	36	50	86	1,000	1,000	
Web Site Maintenance	2,700	3,300	6,000	5,000	6,000	
Total General & Administrative Expenses	$182,357		$136,603		$318,961		$300,000		$342,700	

University Park Recreation District			
FY 2027 Proposed Debt Service Budget			
FY	2027	Proposed Budget	
REVENUES:			
Series 2019 Bonds Special Assessments	$		1,594,068.75	
TOTAL REVENUES	$		1,594,068.75	

EXPENDITURES:			
Interest 11/01/2026		333,856.25	
Interest 5/1/2027		333,856.25	
Principal 5/1/2027		600,000.00	
TOTAL EXPENDITURES	$		1,267,712.50	

Funds Available for 11/1 Payment

Interest 11/01/2027		
326,356.25	
		
326,356.25	

University Park Recreation District
FY 2027 Proposed Capital Irrigation Budget

FY 2027 Proposed	
REVENUES:		Budget	
Series 2024 Note Special Assessments	$	5,000,000.00	

TOTAL REVENUES	$	5,000,000.00	

EXPENDITURES:
Series 2024 Note due 8/11/2027	

$	5,000,000.00	
TOTAL EXPENDITURES	$	5,000,000.00	

University Park Recreation District

Review of the Preliminary Deck for the Town Hall Meeting (provided under separate cover)

University Park Recreation District

Discussion of Proposed Governance Committee Options

University Park Country Club Recreational District (UPCCRD)
Proposed Dual Advisory Structure – Outline (Revised4-27-26)

Objective
Establish a clear, legally compliant structure that strengthens governance oversight while ensuring meaningful member input, without blurring roles or creating legal risk.

 Governance Advisory Committee (GAC)
Role: Board-facing, governance-focused advisory body
Purpose: Provide independent recommendations on governance, policy, and long-term risk
Scope:
Board/management roles & structure
Governance policies (ethics, transparency, procurement)
Financial oversight practices (including debt/bond governance)
Initial Focus: Review of governing documents and agreements to identify ambiguity, clarify authority, and strengthen governance consistency
Authority: Advisory only (no decision-making)
Compliance: Operates under Florida Sunshine Law (open meetings, notice, minutes) Output: Formal written report, prioritized recommendations, draft policies Reporting: Directly to Board of Supervisors
Term: 90–120 days (project-based)

 Member Advisory Group (MAG)
Role: Management-facing, operations & experience input
Purpose: Provide structured feedback from homeowners and members
Scope:
Member experience (amenities, services, communication)
Operational input (usage, scheduling, access)
Authority: Advisory to management only
Compliance Position: Not subject to Sunshine if strictly operational
Output: Informal feedback summaries to management
Reporting: Park Boulevard Management
Membership: Broad, representative community mix (Country Club members)
Term: 1-3 year terms (TBD)

Considerations

Critical Safeguard: Structural Firewall
No overlap in membership between GAC and MAG
No joint meetings or shared deliberations
MAG does not review contracts or governance matters
MAG does not provide recommendations directly to the Board
GAC operates independently and publicly

How the Model Works
MAG gathers member input → provides operational feedback to management (PBM)
Management summarizes themes (no recommendations)
GAC evaluates governance implications in Sunshine-compliant setting
Board deliberates and decides

Benefits to UPCCRD
Legally defensible structure aligned with Florida requirements
Improved governance quality and risk awareness
Clear separation of roles (oversight vs. operations)
Meaningful member engagement without politicizing decisions
Enhanced transparency and credibility

Next Steps

Board Action Requested
Approval of dual-structure concept
Authorization to draft proposed Charters for BoS review (GAC & MAG)
Direction on implementation timeline (TBD)

University Park Recreation District

Discussion of Fitness Center Upgrade