From: jim pearson <pearson_jameso@hotmail.com>
Sent: Saturday, May 2, 2026 4:13 PM
To: steve heitzner <steve.heitzner@universityparkrd.com>; Scott Huebner
<scott.huebner@universityparkrd.com>; greg.selep@universityparkrd.com
<greg.selep@universityparkrd.com>; steve.swanson4@universityparkrd.com
<steve.swanson4@universityparkrd.com>
Cc: dick crouch <richardlc2004@yahoo.com>; John Fetsick <jfetsick@universitypark-fl.com>; jim pearson <pearson_jameso@hotmail.com>
Subject: Budget Discussion at the April 28 RD Board Meeting

Good afternoon,

A potentially concerning trend in UPARK financials was raised at the April 28, 2026, RD Board meeting: “Why are expenses potentially growing faster than revenue?” The discussion (occurring between approximately 50 minutes and 1 hour) highlighted that while revenues are increasing, expenses are also rising. UPARK appears to be financially stable, with a managed surplus that reflects a deliberate policy approach. It was also noted that surplus levels can be influenced by variability in areas such as outside golf revenue, and that adjustments to member dues are one way to address changes over time.

Board members raised valid questions regarding expenses and their long-term impact on the organization. As a resident, it is difficult to fully understand the underlying cost structure without more visibility into the details and whether current trends are sustainable over time. It may be helpful for the Board to consider a deeper review of operational expenses—potentially including a more detailed or line-by-line analysis, or elements of zero-based budgeting—to provide additional clarity and confidence, while also considering how this operational review aligns with the current policy of managing the surplus.

Regards, Jim

Jim Pearson
7912 Hampton Court
617-834-5805