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

The Special Meeting of the Board of Supervisors of the University Park Recreation District will be held on Tuesday, June 23, 2026, at 2:00 PM at the Business Offices, 8301 The Park Boulevard, University Park, FL 34201 and virtually.

Meeting ID: 648 161 1158
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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	(2:10-2:15PM)

1.

Consideration of Minutes:

a.
b.
c.

May 8, 2026, Board of Supervisors’ Meeting
May 14, 2026, Board of Supervisors Special Meeting and Attorney/Client Session May 28, 2026, Board of Supervisors Special Meeting and Attorney/Client Session

2.
3.

Public Records Request Summary List Correspondence Summary List

Staff Report Matters		(2:15-2:30PM)

4.
5.
6.

District Counsel District Manager Club Management
Management Discussion & Analysis Report
Consideration of Golf Advisory Group Recommended Member Tee Time Rules Committee Reports
Finance
Strategic Planning

7.

Old Business Matters	(2:30-2:50PM)

Update of Boardwalk Project – John Fetsick
Update of Proposed Governance Advisory Committee
Consideration of Proposal(s) for Fitness Center Refurbishment

Update of Focused Technology Proposal for Lakeside Room Audio/Visual Equipment Replacement
Continued Discussion Pertaining to District Counsel Representation

New Business Matters	(2:50-3:50PM)
Discussion of the Updated PBM Operating Agreement Approved by UPCAI on May 15, 2026
Consideration of Resolution 2026-16, Related to Committee Seats & Terms
Assignment of Committee Members to Committee Seats
Nominations/Appointment of Finance Committee Member
Review and Consideration of District Treasurer Responsibilities
Discussion of Responses to Public Comments
Discussion of Board Meeting Executive Summary – Scott Huebner

District Financial Matters 	(3:50-3:52PM)
20. Ratification of Payment Authorization Nos. 162 & 163

21. Supervisor Comments & Future Agenda Items	(3:52-4:00PM)

Adjournment

Date

Meeting Type

Time

Location

June 30, 2026

Board of Supervisors’ Meeting

2:00PM

University Park Business Offices

July 8, 2026

Strategic Planning Committee Meeting

3:00 PM

University Park Business Offices

July 15, 2026

Finance Committee Meeting

3:00 PM

University Park Business Offices

July 17, 2026

Board of Supervisors’ Rescheduled Meeting

2:00 PM

University Park Business Offices

July 28, 2026

Board of Supervisors’ Special Meeting

2:00 PM

University Park Business Offices

University Park Recreation District

Consideration of Minutes:

a.

May 8, 2026, Board of Supervisors’

Meeting

b.

May 14, 2026, Board of Supervisors

Special Meeting and Attorney/Client Session

c.

May 28, 2026, Board of Supervisors

Special Meeting and Attorney/Client Session

MINUTES OF MEETING

UNIVERSITY PARK RECREATION DISTRICT BOARD OF SUPERVISORS’ MEETING
Friday, May 8, 2026
2:00 p.m.
Business Offices
8301 The Park Boulevard, University Park, FL 34201

Board Members present in person or via phone:

Steve Heitzner Scott Huebner Gregory Selep
Steve Swanson

Chairperson
2nd Vice Chairperson Board Secretary Treasurer

Also, Present in person or via phone:

Vivian Carvalho Kwame Jackson John Fetsick
Curtis Nickerson Paul Fay
Mark Barnebey

District Manager – PFM Management Services LLC ADM – PFM Management Services LLC (via Zoom)

General Manager - Country Club

(via Zoom)

Director of Properties & Facilities -Country Club (via Zoom) Accountant – Country Club
District Counsel – Blalock Walters

Various Audience Members in-person and via Zoom

FIRST ORDER OF BUSINESS

Organizational Matters

Call to Order, Roll Call, and Pledge of Allegiance

The meeting was called to order at 2:01 p.m. by Ms. Carvalho. Those in attendance are outlined above.

The Pledge of Allegiance was recited.

Public Comments

Mr. Underwood commented regarding the status of appeal process and the five-year plan. Mr. Heitzner requested that Mr. Underwood send his statement to Ms. Carvalho.

There were no further public comments at this time.

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SECOND ORDER OF BUSINESS

Administrative Matters

Review of Candidates for Vacant Board Seat 3

Mr. Heitzner recommended pausing the appointment of any new Board members at this time.

The Board agreed to pause the candidate appointment at this time.

No action was required. This item was deferred.

Nominations/Appointment

of

Candidate to Vacant Board Seat 3 (Term Expires February 2028)

This item was deferred.

Consideration of Resolution 2026-
14,	Appointing	District	Officer Roles

This item was deferred.

Public Records Request Summary List

Ms. Carvalho gave an overview of the Public Records Request Summary List.

Correspondence Summary List

Ms. Carvalho gave an overview of the Correspondence Summary List. It was noted that the emails are included on the District’s website.

Mr. Huebner requested email copies to be sent to the Board prior to the meeting.

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THIRD ORDER OF BUSINESS

Staff Report Matters District Counsel

Mr. Barnebey noted there had been a successful decision in the Lower Courts and the District is awaiting decision from the Supreme Court. He noted the Board can adjust the five-year plan as they so choose.

There was brief discussion regarding the five-year plan. It was noted a consultant will be working with the Strategic Planning Committee on an updated five-year plan.

Mr. Barnebey noted he is requesting an Attorney-Client Session under Florida’s Sunshine Law, Section 286.011(8), Florida Statutes, on Thursday, May 14, 2026, and beginning at 9:00 a.m. and lasting approximately ninety (90) minutes at the request of the Attorney for the District. This meeting shall be held at the Business Offices located at 8301 The Park Boulevard, University Park, FL 34201. This meeting shall commence at an open meeting and then will move into an Attorney/Client Session limited in attendance to the District Attorneys, Mark Barnebey and Fred Moore and District Manager Vivian Carvalho who will meet in private with the Board of Supervisors of the University Park Recreation District (Steve Heitzner, Scott Huebner, Greg Selep and Steve Swanson), and a court reporter who will transcribe the full proceedings to be made part of the public record for release at the conclusion of the litigation for the purpose of discussing: settlement negotiations or strategy sessions related to litigation expenditures in the following court case: Dean Matt v. University Park Recreation District, SC 2024-0990, Lower Tribunal Case No.: 2024-CA-000252.

Mr. Barnebey reminded the Board that the annual Form 1 is due July 31.

There was brief discussion regarding which Board members need to file the Form 1 for this year. District Management will send out a link to the Board.

Mr. Huebner recommended reminding the residents that the SHADE session is not in public, only before and after.

Mr. Swanson noted there have been four SHADE sessions regarding negotiating a settlement for the litigation.

District Manager

Ms. Carvalho noted the Board will be reviewing the preliminary budget at the current meeting, but approval will take place at the June meeting. It was noted the budget can be decreased but cannot be increased once approved.

There was brief discussion regarding the budget timeline.

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Club Management

Mr. Fetsick gave an overview of the Club report, including updates on member experience, April events, golf operations, and racquet and wellness operations.

Mr. Nickerson gave an update on the Front Nine project and the golf cart path.

There was brief discussion regarding the older bulkheads and driving on the fairways.

It was noted there is not enough water on the golf course right now, as there are water restrictions in place right now.

Mr. Fetsick gave an overview of the Club Statement of Operations, the Balance Sheet Year to Date, Capital Sources and Uses, and Statement of Cash Flows.

Mr. Fetsick gave an overview of the Key Performance Indicators for Quarter 2.

Mr. Fetsick gave an overview of current memberships.

Committee Reports
a.  Finance

It was noted that the Committee started reviewing the budget at the last meeting. Each member was assigned a specific area of the budget, and review should be finished at the next meeting.

It was noted the Finance Committee has their formal recommendation to present to the Board.

b. Strategic Planning

Ms. Loundy noted the Strategic Planning Committee will be meeting with the consultant on Wednesday, May 13, 2026. It was noted there is not an RD representative currently attending the Committee meetings. It was recommended that a Board member be assigned to do that.

Ms. Loundy noted that she is working with Sydney on a promotional piece to explain the differences between the RD and the HOA, and the advantages of an RD.

Mr. Schreder is working on reviewing the membership categories and will be coordinating with the Strategic Planning Committee as well.

Mr. Huebner commented regarding the promotional video piece and noted the stock photos do not validly represent the community. Ms. Loundy noted the video was created by a vendor and

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Sydney. It was created for new member marketing. The HOA has not approved the use of the promo video at this time.

There was discussion regarding communication and marketing that includes both the HOA and RD. Mr. Selep recommended setting up meetings with the HOA and RD when materials involve both parties.

Mr. Selep volunteered to attend the Strategic Planning Committee meetings as an RD Board liaison. The Board agreed. Ms. Carvalho noted she will add Mr. Selep to the Strategic Planning Committee meeting communication.

FOURTH ORDER OF BUSINESS

Business Matters

Update of Boardwalk Project – John Fetsick

Mr. Fetsick gave an update and noted a few renderings have been received from the architect. He will send out to the Board and District Staff but noted it is more costly than the original
$200,000.00 that was planned.

There was brief discussion regarding the timeline.

Mr. Fetsick noted the boardwalk could be replaced prior to next season within the budget. However, it would not include other design options. It is possible the project could be done in stages.

Update	of	Proposed	FY	2027 Budgets



Operating (Enterprise Fund) Capital (Enterprise Fund) General Fund Debt Service

Budget



Budget





Capital Irrigation Fund

Mr. Fetsick gave an overview of the proposed FY 2027 budgets and the budget process. He reviewed the Executive Summary of the Enterprise fund, total revenue breakdown, and total expense breakdown.

Mr. Fetsick gave an overview of the key assumptions for the membership dues, initiation fees, capital funding, capital dues, golf operations, and dining operations.

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There was brief discussion regarding the food budget. Mr. Fetsick requested that Mr. Fay review the effects of a 1% increase on the food budget compared to the overall budget. This will be brought back at the next meeting.

Mr. Fetsick gave an overview of the key assumptions for labor. It was noted that the Florida minimum wage is increasing to $11.98 for tipped employees and $15.00 for non-tipped employees.

Mr. Fetsick provided a summary of the overall capital budget and all key assumptions.

Mr. Fetsick reviewed the capital budget detail with a list of all replacements needed.

Mr. Huebner requested a detailed summary of the golf course improvements for future reference. He also commented on the items needed for the fitness center and recommended looking into lease companies.

There was discussion regarding the possibility of lease options and the fitness equipment needed. It was noted some items are for replacement and others are for additional needs.

Mr. Fetsick gave an overview of the General Fund budget and assessments. It was noted the largest expenses are for District Counsel, District Management, and the audit.

There was brief discussion regarding the District Counsel budget and insurance budget. It was noted there are more individuals being covered by the insurance at this time due to the various committees.

Mr. Fetsick gave an overview of the Debt Service budget. It was noted that this is based on the Series 2019 Bonds Special Assessments.

Mr. Fetsick gave an overview of the Capital Irrigation budget. It was noted this is based on the Series 2024 Note Special Assessments.

There was brief discussion regarding the bond approval.

Review of the Preliminary Deck for the Town Hall Meeting

Ms. Carvalho noted there have been multiple revisions to the deck.

There was discussion regarding the timing of the Town Hall meeting and what topics would be discussed. It was noted the budgets are not ready to share, as they have not been approved.

Ms. Carvalho noted that if there is a proposed kitchen project assessment, it will have to be included in the proposed budget approval on June 2.

It was noted the kitchen special assessments should be included in the proposed budget.

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Mr. Huebner noted the community should be able to view the budget prior to approval. He recommended publishing the proposed budget and the kitchen plan for resident feedback.

Mr. Heitzner noted the kitchen drawings are too technical to send out.

Ms. Carvalho will send the current deck out to the Board for review.

Mr. Selep noted the Town Hall also includes a Q&A session.

There was brief discussion regarding the deck.

Ms. Carvalho noted August 1 is the deadline for the trim to be sent out.

The Board agreed to delay the Town Hall meeting.

There was lengthy discussion regarding a date to hold the Town Hall meeting. The Board agreed to hold the Town Hall meeting via Zoom on June 9th, 2026, from 2-4 p.m.

Discussion	of	Proposed	Governance Committee Options – Scott Huebner

Ms. Carvalho gave an overview. It was noted the recommendation is that the committee is established by the Board and the members are appointed by the Board. This would require that the committee must follow the Florida Sunshine law.

Mr. Huebner noted there should be two groups: the Governance Advisory Committee and the Member Advisory Group. It was noted the Member Advisory Group would be more geared towards member experience and tentative RD grievances.

There was discussion regarding the Member Advisory Group. It was recommended that this group have a different name and report to Mr. Fetsick.

Mr. Huebner noted the Governance Committee Charter can be included in the agenda for the June 2nd meeting.
Discussion of Fitness Center Upgrade – Greg Selep

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ON MOTION by Mr. Huebner, second by Mr. Selep, with Mr. Swanson opposed, and all others in favor, the Board of Supervisors Meeting for the University Park Recreation District approved the Governance Committee implementation, subject to the Charter document approval.

There was discussion regarding replacement of the carpet and paint. It was recommendation was to remove the bar to have more space.

noted one

Mr. Selep will follow up for proposed cost options.

Mr. Underwood recommended breaking it down into phases.

Supervisor	Requests Agenda Items

&

Future

The upcoming workshops and meetings were noted.

There were no further Supervisor requests at this time.

FIFTH ORDER OF BUSINESS

Adjournment

There was no further business to discuss.

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Date

Meeting Type

Time

Location

Postponed

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

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

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ON MOTION by Mr. Selep, second by Mr. Swanson, with all in favor, the May 8, 2026, Board of Supervisors Meeting for the University Park Recreation District was adjourned at 4:02 p.m.

MINUTES OF MEETING
UNIVERSITY PARK RECREATION DISTRICT SPECIAL BOARD OF SUPERVISORS’ and SHADE MEETING
Thursday, May 14, 2026
9:00 a.m.
Business Offices
8301 The Park Boulevard, University Park, FL 34201

Board Members present in person or via phone:

Steve Heitzner Scott Huebner Gregory Selep
Steve Swanson

Chairperson
2nd Vice Chairperson Board Secretary Treasurer

Also, Present in person or via phone:

Vivian Carvalho Mark Barnebey Fred Moore

District Manager – PFM Management Services LLC District Counsel – Blalock Walters
District Counsel – Blalock Walters

FIRST ORDER OF BUSINESS

Organizational Matters

Call to Order and Roll Call

The meeting was called to order at 9:00 a.m. Those in attendance are outlined above.

Public Comments

There were no public comments at this time.

SECOND ORDER OF BUSINESS

Business Matters

Attorney-Client Session Meeting Discussion on Appeal Process/ Litigation

A meeting will be held under the Attorney/Client Session provisions available under Florida’s Sunshine Law, Section 286.011(8), Florida Statutes, on Tuesday, May 5, 2026, and beginning at 9:00 A.M. and lasting approximately ninety (90) minutes at the request of the Attorney for the District. This meeting shall be held at the Business Offices located at 8301 The Park Boulevard, University Park, FL 34201. This meeting shall commence at an open meeting and then will move into an Attorney/Client Session limited in attendance to the District Attorneys, Mark Barnebey and

Fred Moore and District Manager Vivian Carvalho who will meet in private with the Board of Supervisors of the University Park Recreation District (Steve Heitzner, Scott Huebner, Greg Selep and Steve Swanson), and a court reporter who will transcribe the full proceedings to be made part of the public record for release at the conclusion of the litigation for the purpose of discussing: settlement negotiations or strategy sessions related to litigation expenditures in the following court case: Dean Matt v. University Park Recreation District, SC 2024-0990, Lower Tribunal Case No.: 2024-CA-000252. At the conclusion of the private portion of the meeting, the meeting shall then reopen in public.

Reopen Meeting in Public

The meeting was reopened to the public at 10:51 a.m.

Mr. Barnebey noted there was no action at this time. It was noted there will be another SHADE meeting scheduled.

A meeting will be held under the Attorney/Client Session provisions available under Florida’s Sunshine Law, Section 286.011(8), Florida Statutes, on Thursday, May 28, 2026, and beginning at 9:00 A.M. and lasting approximately ninety (90) minutes at the request of the Attorney for the District. This meeting shall be held at the Business Offices located at 8301 The Park Boulevard, University Park, FL 34201. This meeting shall commence at an open meeting and then will move into an Attorney/Client Session limited in attendance to the District Attorneys, Mark Barnebey and Fred Moore and District Manager Vivian Carvalho who will meet in private with the Board of Supervisors of the University Park Recreation District (Steve Heitzner, Scott Huebner, Greg Selep and Steve Swanson), and a court reporter who will transcribe the full proceedings to be made part of the public record for release at the conclusion of the litigation for the purpose of discussing: settlement negotiations or strategy sessions related to litigation expenditures in the following court case: Dean Matt v. University Park Recreation District, SC 2024-0990, Lower Tribunal Case No.: 2024-CA-000252. At the conclusion of the private portion of the meeting, the meeting shall then reopen in public.

Supervisor	Requests	&	Public Comments

There were no Supervisor requests or public comments.

THIRD ORDER OF BUSINESS

Adjournment

There was no further business to discuss.

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

ON MOTION by Mr. Heitzner, second by Mr. Selep, with all in favor, the May 14, 2026, Board of Supervisors Meeting for the University Park Recreation District was adjourned at 10:53 a.m.

MINUTES OF MEETING
UNIVERSITY PARK RECREATION DISTRICT SPECIAL BOARD OF SUPERVISORS’ ATTORNEY CLIENT SESSION MEETING
Thursday, May 28, 2026
9:00 a.m.
Business Offices
8301 The Park Boulevard, University Park, FL 34201

&

Board Members present in person or via phone:

Steve Heitzner Scott Huebner Steve Swanson Greg Selep

Chairperson
2nd Vice Chairperson Treasurer
Secretary

Also, Present in person or via phone:

Vivian Carvalho Mark Barnebey Fred Moore Jennifer Sirois

District Manager - PFM Management Services LLC District Counsel - Blalock Walters
District Counsel - Blalock Walters
Court Reporter – Liberty Court Reporting

FIRST ORDER OF BUSINESS

Organizational Matters

Call to Order, Roll Call

The Board of Supervisors’ meeting was called to order at 9:00 a.m. by Ms. Carvalho. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS

General Business Matters

Attorney-Client Session Meeting Discussion on Appeal Process/ Litigation

This meeting will be held under the Attorney/Client Session provisions available under Florida’s Sunshine Law, Section 286.011(8), Florida Statutes, on Thursday, May 28, 2026, and beginning at 9:00 A.M. and lasting approximately ninety (90) minutes at the request of the Attorney for the District. This meeting shall be held at the Business Offices located at 8301 The Park Boulevard, University Park, FL 34201. This meeting shall commence at an open meeting and then will move into an Attorney/Client Session limited in attendance to the District Attorneys, Mark Barnebey and Fred Moore and District Manager Vivian Carvalho who will meet in private with the Board of Supervisors of the University Park Recreation District (Steve Heitzner, Scott Huebner, Greg Selep and Steve Swanson), and a court reporter who will transcribe the full proceedings to be made part of the public record for release at the conclusion of the litigation for the purpose of discussing: settlement negotiations or strategy sessions related to litigation expenditures in the following court case: Dean Matt v. University Park Recreation District, SC 2024-0990, Lower Tribunal Case No.:

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2024-CA-000252. At the conclusion of the private portion of the meeting, the meeting shall then reopen in public.
At the conclusion of the private portion of the meeting, the meeting will continue in public.

Reopen Meeting in Public

The University Park Recreation District Special Board of Supervisors’ Meeting was reopened at 11:12 a.m.

There was a five-minute recess.

The University Park Recreation District Special Board of Supervisors’ Meeting reconvened at 11:16 a.m.

Mr. Barnebey noted that no action was taken at this time.

Discussion of Town Hall Process

There was discussion regarding the Town Hall process and timing. It was noted the Town Hall will be 100% on Zoom for the audience.

Mr. Heitzner noted there needs to be a process related to the question-and-answer process. He recommended that all questions be submitted to the moderator, and the moderator can proceed with reading the question. Any questions not answered during the Town Hall can be answered after and communicated to the community.

There was discussion regarding the question-and-answer process.

There was discussion regarding moving a few meetings based on scheduling issues. Mr. Swanson requested that the August 14th meeting be moved to August 11th. The Board confirmed the date adjustment. Ms. Carvalho will send updated calendar invites.

Ms. Carvalho noted the Board will approve the Resolution for the Public Hearing related to the budget at the June 2nd meeting. It was noted the Town Hall agenda will need to be posted by June 2nd.

Mr. Swanson noted he will not be in attendance at the June 30th and July 10th meetings.

Mr. Heitzner noted he will not be in attendance at the June 12th meeting.

Ms. Carvalho noted quorums will be discussed at the June 2nd meeting.

There was discussion regarding whether to include the kitchen project deck in the agenda or not.

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Mr. Heitzner, Mr. Swanson, Mr. Crouch, the architect, a construction consultant, and a kitchen consultant will be presenters. External presenters will need to be confirmed with Mr. Fetsick. District Management will follow up.

There was brief discussion regarding the financing options for the kitchen that will be included in the deck. Mr. Huebner noted the options should be discussed at a Board meeting.

Mr. Selep noted the cost slides need to be formatted to be readable. Sydney will work on this.

It was noted pictures of the kitchen will be included in the deck and the agenda will be in the same format as other meetings.

Ms. Carvalho will follow up whether she will moderate online or attend in person with Mr. Jackson being the online moderator instead.

Ms. Carvalho reviewed the Town Hall timeline.

It was noted that the chat can be captured within the Zoom recording. Mr. Selep recommended posting frequently asked questions for those who cannot attend the meeting.

Supervisor	Requests	&	Public Comments

Mr. Huebner requested that his alternative to assessment proposal be on a meeting agenda and be reviewed by the Finance Committee. He provided the proposal to the Board. Ms. Carvalho will provide a copy to the Finance Committee and Mr. Swanson. Mr. Huebner requested feedback from the Finance Committee by June 12th.

There were no further Supervisor requests or public comments.

THIRD ORDER OF BUSINESS

Adjournment

There was no further business to discuss.

Secretary / Assistant Secretary

Chairperson / Vice Chairperson

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ON MOTION by Mr. Heitzner, second by Mr. Selep, with all in favor, the Board of Supervisors for the University Park Recreation District adjourned the May 28, 2026, Special Board of Supervisors Meeting at 11:44 a.m.

University Park Recreation District

Public Records Request Summary List

Total of All Records Request

Tally of Records

ID# Assignment

Date Updated

Name of File / Subject

Status

Files Released

1

Additional Documents

9.6.24

Additional Documents

Completed

33

1

Insurance

9.26.24

Insurance

Completed

8

1

Additional Records

10.25.24

Additional Records

Completed

3

1

Additional Document

11.7.24

Additional Document

Completed

1

1

Additional Document

11.11.24

Additional Document

Completed

5

1

Additional Document

12.12.24

Additional Document

Completed

2

1

10.1.24 & 12.19.24 Additional Document

12.19.24

10.1.24 & 12.19.24 Additional Document

Completed

6

1

Election

2.6.25

Election

Completed

34

1

4th Election Voter List

2.20.26

4th Election Voter List

Completed

2

1

4th Election Invalid Ballots 3.14.25

3.14.25

4th Election Invalid Ballots 3.14.25

Completed

1

1

Official Tally Sheet 3.14.25

3.14.25

Official Tally Sheet 3.14.25

Completed

1

1

3.31.25

3.31.25

3.31.25

Completed

1

1

2025 Election

4.5.25

2025 Election

Completed

19

1

Ballot Results

4.7.25

Ballot Results

Completed

1

1

4.14.25

4.14.25

4.14.25

Completed

5

1

Business Plan Group Executive

4.14.25

Business Plan Group Executive

Completed

1

1

5 Year Plan

5.6.25

5 Year Plan

Completed

17

1

Organizational Charts

7.15.25

Organizational Charts

Completed

2

1

Finance & Strategic Planning

7.28.25

Finance & Strategic Planning

Completed

9

1

Committee Expertise Summary

7.29.25

Committee Expertise Summary

Completed

2

1

July Board Meetings Attendance

8.1.25

July Board Meetings Attendance

Completed

4

1

8.7.25 District Financial Reports

8.7.25

8.7.25 District Financial Reports

Completed

5

1

MD&A Request

8.8.25

MD&A Request

Completed

3

1

District Financials

8.12.25

District Financials

Completed

2

1

Irrigation System Evaluation

9.17.25

Irrigation System Evaluatiion

Completed

1

1

MB 9.18.25

9.18.25

MB 9.18.25

Completed

1

1

Records Request #1 Fact Focus

10.27.25

Records Request #1 Fact Focus

Completed

3

1

Records Request #2 Finance Legal Issues

10.27.25

Records Request #2 Finance Legal Issues

Completed

16

1

Records Request #4 BOS Workshop Cancel

10.27.25

Records Request #4 BOS Workshop Cancellation

Completed

20

1

Records Request #3 Stock Touting SEC

10.28.25

Records Request #3 Stock Touting SEC

Completed

5

1

Records Request #9 Proposals

10.28.25

Records Request #9 Proposals

Completed

2

1

Records Request #9 Proposals

10.28.25

Records Request #9 Proposals

Completed

2

1

Records Request #7 Finance Cancellation

10.28.25

Records Request #7 Finance Cancellation

Completed

10

1

Records Request #8 Invoice Redaction

10.28.25

Records Request #8 Invoice Redaction

Completed

2

1

Records Request #6 9.22.25

10.29.25

Records Request #6 9.22.25

Completed

3

1

ID#3

11.3.25

ID#3 Public Records Request

Completed

1

1

ID#1

11.6.25

ID#1 10.29.25

Completed

3

1

ID#8

11.6.25

ID#8 7.8.24

Completed

5

1

ID#5

11.6.25

ID#5 7.8.24

Completed

4

1

Records Request 11.16.23

11.6.25

Records Request 11.16.23

Completed

2

1

Records Request 2.23.24

11.6.25

Records Request 2.23.24

Completed

2

1

Records Request 3.22.24

11.6.25

Records Request 3.22.24

Completed

5

1

Records Request 5.11.24

11.6.25

Records Request 5.11.24

Completed

3

1

Records Request 5.29.24

11.6.25

Records Request 5.29.24

Completed

4

1

Records Request 1.22.25

11.6.25

Records Request 1.22.25

Completed

2

1 Records Request 3.14.25

11.6.25

Records Request 3.14.25

Completed

2

1 Records Request #5 Varsity Club

11.10.25

Records Request #5 Varsity Club

Completed

8

1 ID#3

11.18.25

ID#3 11.18.25

Completed

1

1 ID#2

11.18.25

Records Request ID#2 10.29.25

Completed

16

1 ID#5

11.18.25

Records Request ID#5 11.16.25

Completed

2

1 ID#10

12.15.25

E-mails from Mark Invoice

Completed

8

1 ID#9

12.17.25

ID#9 11.24.25

Completed

1

1 ID#13

1.8.26

12.29.25 Election Procedure & General Inforamtion Package

Completed

2

1 ID#15

1.8.26

Dec. Start Mtg Recording, Strategic Planning Committee

Completed

4

1 ID#17

1.21.26

Zoom Information

Completed

2

1 ID#6

2.19.26

11.19.25 Maintenance 5-Year Ago

Completed

28

1 ID#1

2.19.26

ID# 1 7.8.24

Completed

5

1 ID#6

2.19.26

ID#6 7.8.24

Completed

19

1 ID#7

2.19.26

ID#7 7.10.24

Completed

23

1 ID#18

3.12.26

AI Invoice from District Counsel

Completed

2

1 ID#11

3.12.26 / 5.22.26

Invoices from Mark B Year 2024

Completed

33

1 ID#12

3.16.26 / 5.22.26

ID #2 10.29.25 (2nd Request)

Completed

72

1 ID#22

4.21.26

Draft of the Opinion Letter from the Comission on Ethics

Completed

5

1 ID#19

5.7.26

Funds Transaction Points A, B, C

Completed

43

1 ID#21

5.7.26

Lewis Longman Walker

Completed

4

1 ID#20

5.21.26

Lewis Longman Walker

Completed

40

1 ID#23

5.21.26

Invoices for Security Equipment 1/1/2020

Completed

10

1 ID#24

5.21.26 / 5.22.26

Emails about Open Seat Position

Completed

14

6.16.26
6.16.26

68 Total of Records Request

607 Total of Files Released

University Park Recreation District

Staff Reports

University Park Recreation District

Club Management

a.

Management Discussion & Analysis Report
Consideration of Golf Advisory Group Recommended Member Tee Time Rules

b.

UNIVERSITY PARK COUNTRY CLUB STATEMENT OF OPERATIONS

6/12/2026

1/4

YTD OPERATING RESULTS, 8 MONTHS THROUGH 5/31/26

Actual Results of UPCC Operations

Budget

$ Variance

% Change

COMMENTS

Total Revenues

$10,526

$10,264

$262

2.6%

Less: Outside Golf Capital Allocation

(229)

(207)

(22)

10.8%

10% of Outside Golf Allocated to Capital

Total Revenues, Less Capital Allocation

10,297

10,058

240

2.4%

Total Expenses

9,147

9,213

66

0.7%

Net Operating Surplus (Deficit)

1150

845

306

36.2%

Net Operating impact

Revenues and Expenses, Details

Actual

Budget

$ Variance

% Change

Dues revenue

$4,323

$4,377

($ 55)

(1.2%)

Golf operations revenue

3,208

2,971

238

8.0%

Outside rounds exceeded the budget by 1,827 rounds. Merchandise sales $53K favorable to budget.

Dining operations revenue

2,540

2,538

2

0.1%

Racquets/Fitness/Other operations revenue

227

172

55

32.1%

Subtotal, Revenues

10,297

10,058

240

2.4%

Golf operations

1,322

1,293

(28)

(2.2%)

Golf maintenance

2,459

2,384

(76)

(3.2%)

Projects that were budgeted for later in the year completed early

Dining operations

3,168

3,281

113

3.4%

Food COGS 64k, Linens 31k, waste and supplies

Racquets & Fitness operations

491

454

(37)

(8.0%)

General & Adm

1,707

1,800

93

5.2%

Payroll 57k, Advertising 13k,Ins.14k, CC Fees 16k

Subtotal, Expenses

9,147

9,213

66

0.7%

Net Operating Surplus (Deficit), net of $229k outside golf capital allocation

$1,150

$ 845

$ 306

36.2%

Variance is $306k, 36.2% from budget

UNIVERSITY PARK COUNTRY CLUB COMPARATIVE BALANCE SHEET AS OF MAY 31, 2026 AND 2025

6/12/2026

2/4

UPCC Operating Fund

Capital Irrigation Fund

Assets

Unaudited 5/31/26

Unaudited 5/31/25

Unaudited 5/31/26

Unaudited 5/31/25

Comments & Assumptions

Operating Cash & Short-Term Investments

$3,591

$2,607

Accounts Receivable

645

513

Inventory

313

329

Deposits & Prepaids

540

407

FY26 - Prepaid Insurance & Prepaid Cart Lease, software, sales tax etc.

Future Assessments based on BAN or Long-Term Bonds

6,027

5,744

Amounts drawn from BAN, $4,140 + 52k Accrued Interest + Amounts borrowed from UPCC Capital Reserves, $1,835

Subtotal, operating assets

5,090

3,856

6,027

5,744

Board Designated Cash & Investments & Receivable from Irrigation Fund:

Operating Reserves

400

400

BOS designated for future use.

Capital Reserves & Short-Term Investments

1,565

1,111

Capital Reserves Used for Irrigation Project--Due from Capital Irrigation Fund

1,835

1,835

Portion of irrigation project paid out of UPCC reserve funds

Sub total, Board Designated Cash, Capital Reserves & Capital Irrigation Fund Receivable

3,800

3,346

-

-

Property and Equipment - Net

26,553

25,254

Property and Equipment - CIP

393

456

-

-

TotaI Assets

$35,836

$32,912

$6,027

$5,744

Liabilities & Net Position:

Accounts Payable

Operations Related

$375

$287

Accrued Liabilities & Other Payables

311

264

52

-

Gift Cards & Store Credits

138

122

Subtotal, operating liabilities

824

673

52

-

Deferred Revenue

3,616

3,371

Capital Lease Obligations

2,009

418

New cart lease and GCM Equipment

Capital Projects Payable

143

210

Due to UPCC Operating Fund

$1,835

$1,835

BAN Payable to Bank

4,140

3,909

Total Liabilities

6,593

4,672

6,027

5,744

Beginning Balance, Purchase of UPCC assets in 2019

16,750

16,750

-

-

Due From Capital Irrigation Fund

1,835

1,835

Prior Years' Operating Surplus

9,868

7,281

Current Period Operating Surplus

789

2,374

Net Position

29,243

28,240

-

-

Total Liabilities & Net Position

$35,836

$32,912

$6,027

$5,744

UNIVERSITY PARK COUNTRY CLUB CAPITAL SOURCES AND USES AS OF MAY 31, 2026

6/12/2026

3/4

Sources

Notes

2019, Construction Fund after UPCC club purchase

$4,157

2021, Loan Forgiveness

856

2024-5, Bond Anticipation Note for Irrigation Project

3,757

$1,835 was paid out of Operating Cash and needs to be repaid from either BAN assessment or 2024 Bond funds when available.

Sub total, Bond Proceeds and Loan Forgiveness

8,769

Bonds & Loan Forgiveness

FY 2021 -2025 Initiation Fees

3,554

FY 2021-2025 10% Outside Golf

1,530

FY 2023-2025 Capital Dues

872

FY 2026 Interest on Investments

9

FY 2026 Initiation Fees

858

FY 2026 10% Outside Golf

229

FY 2026 Capital Dues

402

Sub total, Init Fees, Capital Dues & 10% Outside Golf

7,454

Capital raised through Operations

Total Sources of Capital

16,224

Uses

2022, Parking Lot - Asphalt

136

2021-2025, Golf Course Improvement & Irrigation

7,412

2023, Tennis/Pickleball Courts

810

2022-2023, Buildings - Renovations, A/C and Upgrades

291

2023-2025, Range Picker, Bag Drop/Pro Shop FF&E

123

2022-2024, Grille - Kitchen Equipment

289

2023, Golf Course Maintenance Equipment

459

2023, IT Equipment - Computers, Server etc

91

2023-2024, Racquets And Fitness Equipmet

89

2021-2023, Indoor Dining Renovation

1,066

2023-2024, Outdoor Dining (Cafe) Renovation

2,326

Subtotal, Uses

13,092

FY2026 Uses

2026, Golf Course Maintenance Equipment

36

2026, Back 9 Renovation

1,164

2026, Buildings, Varsity Club, Admin & Locker Room Renovation, Cart Barn Garage Doors

87

2026, Golf Club Rentals

12

2026, Grille - Kitchen Equipment

26

2026, Admin Furniture

3

Subtotal, FY2026 Uses

1,328

Construction In Progress

2020, Master Plan Project

171

Security Cameras

13

Front 9 Project

193

Boardwalk Project

4

Subtotal, CIP

381

Total Uses

14,802

Remaining Capital Reserves

1,422

Capital Account Balance at 5/31/2026

Due to operating capital from BAN or Bond

1,835

Total Capital Reserves

3,257

Balance with Irrigation Project repayment

UNIVERSITY PARK COUNTRY CLUB STATEMENT OF CASH FLOWS AS OF MAY 31, 2026

6/12/2026

4/4

MTD & YTD STATEMENT OF CASH FLOWS, 8 MONTHS THROUGH 5/31/26

May

MTD

YTD

Cash Flows From Operating Activities:

Cash Receipts From Members & Guests

$ 894

$ 12,170

Cash Payments To Vendors & Suppliers

(555)

(4,595)

Cash Payments To PBM Staff Serving UPCC & UPRD

(592)

(4,958)

Net Cash Provided (Used) By Operating Activities

(253)

2,618

Cash Flows From Capital, Financing, And Other Non-Operating Activities:

Initiation Fees

$ 33

$ 866

Capital Dues

10

402

Purchase Of Equipment & Capital Projects

(32)

(470)

FEMA Proceeds

-

8

Transfer to General Fund

(21)

(259)

Interest From Investments

11

14

Net Cash Provided (Used) By Capital And Other Non-Operating Activities

2

562

Net Increase (Decrease) In Cash

(251)

3,180

Cash At Beginning Of Period

5,808

2,378

Cash At End Of Period

$ 5,557

$ 5,557

University Park Recreation District Summary Operating Data
As of May 31, 2026

Rounds of Golf (as of May 31, 2026):

Rounds of Golf (as of May 31, 2025):

Overall revenue is $240k favorable to budget, driven primarily by Golf operations. Golf revenue is $238k favorable to budget (net of capital allocation), with higher outside rounds producing an $191k favorable variance in greens fees. Merchandise sales also surpassed budget, contributing an additional $53k favorable variance.
Golf course maintenance expenses continue to remain over budget due to various projects that were scheduled for later in the year but were completed earlier. We anticipate this trend will continue over the next couple of months, with expenses realigning to budget by the end of summer.

May

YTD

Actual

Budget

Variance

Actual

Budget

Variance

Member Rounds

3,357

4,567

(1,210)

32,278

36,580

(4,302)

Outside Rounds

2,263

3,490

(1,227)

19,815

23,407

(3,592)

5,620

8,057

(2,437)

52,093

59,987

(7,894)

May

YTD

Actual

Budget

Variance

Actual

Budget

Variance

Member Rounds

3,942

3,528

414

33,570

35,464

(1,894)

Outside Rounds

2,650

2,489

161

23,062

21,235

1,827

6,592

6,017

575

56,632

56,699

(67)

University Park Recreation District Summary Operating Data
As of May 31, 2026

Membership

*135 grandfathered non-members (-2 to prior month), 182 grandfathered members (Same as prior month)
**292 non-resident memberships (Same as prior month)

Summer Memberships

Current

Budget

Last Year

Golf

63

63

75

Tennis

14

50

51

Total

77

113

126

CYTD Change

Beg. May

Additions

Resignations

Conversions

Total

Golf

Family - Resident

2

179

1

-

-

180

Family - Non Resident

1

76

-

-

-

76

Single - Resident

4

128

-

-

(1)

127

Single - Non Resident

-

71

-

-

-

71

7

454

1

-

(1)

454

Racquets & Fitness

Family - Resident

2

30

-

-

-

30

Family - Non Resident

(1)

14

-

-

-

14

Single - Resident

-

38

-

-

(1)

37

Single - Non Resident

1

25

-

-

1

26

2

107

-

-

-

107

Social

Family - Resident

(3)

455

1

(2)

1

455

Family - Non Resident

-

52

-

-

-

52

Single - Resident

3

209

1

-

1

211

Single - Non Resident

(6)

53

-

-

(1)

52

(6)

769

2

(2)

1

770

Total Memberships

3

1,330

3

(2)

-

1,331

Passes

CYTD Change

Beg. Mar.

Net Change

Total

Fitness

(5)

139

1

140

Range

4

59

-

59

Pickleball

2

52

-

52

Twilight Tennis

(1)

18

-

18

SAP

7

137

-

137

7

405

1

406

Tee Time G Booking Guidelines for Members
To ensure fair access, optimize tee sheet utilization, and enhance the overall member experience, the following guidelines are proposed:
Tee Time Access
Full Golf Members may:
Submit lottery requests for tee times 6–14 days in advance.
Directly book tee times up to 5 days in advance. Foursome Integrity G Open Play
Threesomes may reserve a fourth position using “There is no Guest” or similar notation; however, members are strongly encouraged to leave the spot open to maximize playing opportunities for fellow members.
Any placeholder names (e.g., “TBA”) must be updated with confirmed player names or released at least 24 hours in advance of the scheduled tee time.
Members who prefer not to be paired may secure additional positions by paying a fee of $50 per unfilled spot (maximum of 2–3 spots).
Cancellations G Tee Sheet Management
Members are required to cancel tee times no less than 24 hours in advance.
This allows:
Fellow members access to newly available times.

The Golf Shop the opportunity to reallocate or monetize unused inventory (including public play when appropriate).
Inclement weather may be considered at the discretion of management when evaluating cancellations.
Accountability G Compliance
To maintain fairness and accountability, the following progressive measures will be applied for non-compliance:

1.
2.

Initial email notification/warning
Applicable charges ($50.) for no-shows or late cancellations (to the Player, not the “captains”)
Jonas POINTS added to the Player
Jonas system suspension (booking privileges)

3.
4.

Objective:
These guidelines are designed to promote equitable access, improve pace and utilization, and uphold the high standards of the club’s golf experience.
Respectfully Submitted by,
2025-2026 Golf Advisory Group-
Stephen Spanos- Co-Chair John Couig
Becky Suverkrup Ris Benoit Tammy Yarnell Dick Crouch Nathan Beck Larry Wahl
Muriel Gross

University Park Recreation District

Update of Boardwalk Project

University Park Recreation District

Update of Proposed Governance Advisory Committee

Governance Advisory Committee Purpose and Procedures University Park Recreation District June 2026

1. Purpose:

The Governance Advisory Committee (the “Committee”) of the University Park Recreation District (the “UPRD”) is a standing committee of the Board of Supervisors (the “Board”).

Its purpose is to provide governance oversight, accountability, governance consistency review, and recommendations to the Board regarding governance structure, governing documents, authority clarification, transparency, and governance-related risk management, while ensuring alignment with UPRD’s mission, vision, and values.

The Committee shall assist the Board in identifying governance best practices and establishing clear, consistent governance standards across UPRD operations, agreements, and related entities.

2. Authority:

The Committee operates under the authority of and reports to the Board and is subject to the provisions of UPRD’s bylaws and applicable Florida state laws, including but not limited to Sunshine Laws, Public Records Laws, and Ethics Laws.

The Committee is responsible for providing recommendations to the Board regarding governance matters, governance structure, governance consistency, authority clarification, and governance-related operational oversight matters.

The Committee may review governing documents, agreements, policies, procedures, governance structures, and related materials as directed by the Board.

The Committee shall identify areas of ambiguity, overlapping authority, governance inconsistency, or potential contested authority and recommend pathways toward clarification and resolution. Prior to holding any significant discussion on a possible Board action, taking action on any item or authorizing any expenditure, the Committee shall obtain authorization to pursue the matter by motion and approval by the majority of the Board present and voting.

The Committee shall not make legal determinations. All legal interpretations and final governance resolutions shall remain subject to review by District Counsel and approval by the Board.

3. Composition and Membership:

5643954v1

The Committee shall consist of 5 voting members. It shall have one administrative assistant. There shall be a UPRD Board Supervisor appointed as a non-voting liaison from the Board.

Committee members will be appointed by the Board following the process agreed to by the Board.

The Committee shall include individuals with diverse skills and experience in governance, law, finance, organizational management, strategic planning, risk management, public administration, and other relevant fields.

The Chair of the Committee (the “Chair”) shall be selected by members of the Committee and shall be responsible for setting agendas, facilitating discussions, and reporting to the UPRD Board, among other duties.

Initially, the terms of membership shall be one year for two committee members and two years for three committee members. Initially, seats 1, 3 and 5 on the Committee shall be for one year and seats 2 and 4 shall be for two years. The terms for all Committee seats after the initial terms shall be two years and after the initial appointment, members are eligible for reappointment. Terms are staggered to help ensure continuity. If a Committee member is no longer able to serve, the Board shall appoint a qualified replacement for the remainder of the term.

Committee members may be removed by majority vote of the Board with or without cause.

4. Responsibilities:

Subject to the provisions and requirements of Section 2 herein, the Committee is responsible for providing recommendations to the Board regarding:

Governance Review and Oversight:

Reviewing governance structures, governance processes, and governance accountability standards.

Reviewing governing documents, agreements, policies, procedures, and governance frameworks to identify ambiguity, inconsistencies, or governance gaps.

Identifying areas of overlapping authority, unclear responsibility, or potential contested authority.

Developing recommendations intended to establish governance clarity prior to future Board action or operational implementation.

Recommending governance best practices, governance standards, and governance process improvements.

5643954v1

Governance Consistency and Alignment:

Reviewing governance relationships among the UPRD, Club management, homeowners associations, affiliated entities, and other related organizations.

Evaluating consistency between governing documents, operational practices, Board policies, and existing agreements.

Reviewing governance implications associated with capital projects, financial obligations, strategic initiatives, and long-term operational commitments.

Governance Risk Management:

Identifying governance-related operational, legal, financial, and reputational risks.

Recommending governance-related risk mitigation strategies.

Coordinating governance review efforts with other UPRD committees as appropriate.

Governance Transparency and Accountability:

Recommending measures intended to improve transparency, accountability, governance communication, and public confidence.

Encouraging stakeholder input and engagement consistent with applicable laws and Board direction.

Governance Evaluation and Recommendations:

Developing governance clarification recommendations, governance amendment recommendations, and governance process improvement recommendations for Board consideration.

Recommending pathways toward definitive governance resolution where ambiguity or contested authority exists.

5. Meetings:

The Committee shall meet monthly or as needed.

Regular meeting dates and times should be specified a year in advance.

The Chair shall prepare and distribute agendas and meeting materials at least one week before meetings. The administrative assistant shall assist with scheduling meeting times and locations.

Minutes of all meetings, including relevant governance review documents, shall be recorded and distributed to Committee members and the Board.

5643954v1

A quorum for meetings shall be three members, which shall be physically present unless otherwise allowed by law.

Matters taken for a vote shall be decided by a simple majority of Committee members present, including members participating remotely.

6. Reporting:

The Committee shall report to the Board monthly or as needed and at regular Board meetings.

The Chair shall provide updates to the Board regarding Committee activities, findings, and recommendations between regular reports as needed.

Minutes of Committee meetings with attachments shall be posted to the RD website on a timely basis.

7. Evaluation:

The Committee shall conduct an annual self-evaluation to assess its effectiveness.

The evaluation and recommendations for improvements shall be reported to the Board.

The Board shall evaluate Committee performance and functionality and make changes necessary to improve Committee effectiveness.

8. Amendments:

These Purpose and Procedures may be amended at any time by a majority vote of the Board members present and voting with input from the Board, Committee members, District Counsel, and stakeholders as appropriate.

5643954v1

University Park Recreation District

Consideration of Proposal(s) for
Fitness Center Refurbishment

University Park Recreation District

Update of Focused Technology Proposal for Lakeside Room Audio/Visual Equipment Replacement

University Park Recreation District

Continued Discussion Pertaining to
District Counsel Representation

University Park Recreation District

Discussion of the Updated
PBM Operating Agreement Approved by UPCAI on May 15, 2026

From: Telese Zuberer <tzuberer@icardmerrill.com>
Sent: Monday, June 1, 2026 12:02 PM
To: Mark Barnebey <mbarnebey@blalockwalters.com>
Cc: Tom Christopher <chris67ta@gmail.com>; Telese Zuberer <tzuberer@icardmerrill.com> Subject: University Park Community Association, Inc. / UPRD - Changes to the Management Committee Role in the PBM Operating Agreement

Good morning Mark~

Thanks for speaking with me today about the changes approved by UPCAI to the
PBM Operating Agreement which would remove the Management Committee as it currently exists, and would implement an Operations and Compensation Advisory Committee (OCAC). While UPCAI has approved the changes to the Operating Agreement, it has held off implementing the changes so that we could have this discussion and vet out the OCAC with UPRD to ensure that it would work to the benefit of UPRD as well. To that end, attached is a Summary of Changes to the Operating Agreement, as well Appendix B which details the scope of how the OCAC, as an advisory committee making recommendations to UPCAI, which would have the sole authority for making final decision, would work. As UPRD would be appointing one of three individuals to the OCAC, UPRD would have input in personnel and compensation of the Community Association Manager and General Manager decisions, but would not have any decision making power, thereby
removing the potential conflict of interest concerns previously addressed in our calls.

Assuming that the implementation of the OCAC would also work for UPRD, as it
would work better for UPCAI, then the next step in the process would be to update the Country Club Management Agreement with UPRD to change certain parameters to come into compliance with the Operating Agreement, especially as to the authority that the General Manager has to make decisions, etc., and then likely to the Mutual Cooperation Agreement.

As stated on the phone today, UPCAI has approved the update to the Operating
Agreement as of May 15, 2026, but has delayed implementation until we could obtain UPRD feedback. Accordingly, please discuss with the UPRD and get back to me

about whether this would effectively work to remove the conflict of interest concern
that arose for UPRD last year and whether this process would make oversight of the General Management and management of the Country Club more effective and efficient for UPRD.

I look forward to your input and response.

Fair Debt Collection Practices Act Disclosure:

THIS COMMUNICATION

IS FROM A DEBT COLLECTOR AND ANY INFORMATION OBTAINED
MAY BE USED FOR THAT PURPOSE.

Notice to condominium and homeowners

association clients: This communication and

any attachments may include attorney/client privileged communications that are exempt
from disclosure and/or are protected pursuant to Florida Statutes Section 90.502, Section 718.111(12) and/or Section 720.303. In such event and to protect the privileged nature of this communication, this communication should not be placed in, or considered to be part of, the official records of an association pursuant to Florida Statutes Sections 718.111(12) or 720.303(4), as applicable, until such time as the board of directors has determined to make its contents public. The information transmitted is intended solely for the individual or entity to which it is addressed and may contain confidential and/or privileged material. Unless you are the addressee (or authorized to receive for the addressee), you may not use, copy, or disclose to anyone the message or any information contained in this message. Any review, retransmission, dissemination, or other use of or taking action in reliance upon this

information by persons or entities other than the intended recipient is prohibited. If you
have received this email in error, please contact the sender by reply e-mail and delete the material from any computer. Thank you.

University Park Recreation District

Consideration of Resolution 2026-16, Related to Committee Seats & Terms

University Park Recreation District

Resolution 2026-16, Designating Terms for Finance
Committee and Strategic Committee Seats

5643896v1

RESOLUTION 2026-16

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT DESIGNATING TERMS FOR THE FINANCE COMMITTEE AND THE STRATEGIC PLANNING COMMITTEE SEATS; 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, pursuant to Chapters 189 and 418, Florida Statutes, and the District Charter, the University Park Recreation District through its Board of Supervisors may adopt rules and regulations regarding operations of the District; and

WHEREAS, in July, 2025, the Board created the Finance Committee and the Strategic Planning Committee with staggard terms for committee members being one and two years initially and two years for subsequent terms; and

WHEREAS, the Board did not initially designate terms for seats; and

WHEREAS, the Board desires to designate the lengths of seat terms so as to place members in those seats by subsequent motion(s).

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

1.

The Board establishes the following lengths of the initial terms of the respective seats of the Finance Committee and the Strategic Planning Committee:

Seat 1 – Two years Seat 2 – One year Seat 3 – Two years Seat 4 – One year Sear 5 – Two years

After the initial terms all subsequent terms shall be for two years and shall run beginning on August 1st and continue to July 31st of the year that the term terminates.

2.

It is the intention of the Board to assign current members to each seat after adoption of this Resolution 2026-16 by motion of the Board.

5643896v1

3.

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

PASSED AND ADOPTED THIS 	 DAY OF 	, 2026.

ATTEST:

UNIVERSITY PARK RECREATION DISTRICT

By:	
	, Chair

Secretary

5643896v1

University Park Recreation District

Assignment of Committee Members to Committee Seats

University Park Recreation District

Nominations/Appointment of Finance Committee Member

From: To:
Cc: Subject: Date:

Vivian Carvalho "John Baran"
Kwame Jackson; "Richard Crouch"
RE: UPRD Finance Committee Interest – [Your Name] Friday, June 19, 2026 8:17:00 AM

Just to clarify my email below the meeting is Tuesday, June 23, 2026, at 2:00PM.

Thanks,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home 3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

-----Original Message-----From: Vivian Carvalho
Sent: Friday, June 19, 2026 8:15 AM
To: 'John Baran' <jbaran001@gmail.com>
Cc: Kwame Jackson <jacksonk@pfm.com>; Richard Crouch <richard.crouch@universityparkrd.com> Subject: RE: UPRD Finance Committee Interest – [Your Name]

Good morning, John,

Thank you for your email and for submitting your bio expressing interest in serving on the Finance Committee of the University Park Recreation District.

Please let this email serve as acknowledgment that we have received your information. We will ensure that the Board of Supervisors receives your materials in advance of the upcoming board meeting, scheduled for Monday, June 23, 2026, at 2:00 PM.

Thank you again for your interest, and we look forward to discussing your candidacy at the meeting.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home 3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

-----Original Message-----
From: John Baran <jbaran001@gmail.com> Sent: Saturday, June 13, 2026 11:30 AM
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: UPRD Finance Committee Interest – [Your Name]

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment

Dear Vivian,
I am writing to express my interest in serving on the Finance Committee. Below is a brief summary of my relevant background and experience .

I am a CPA and retired partner from PriceWaterhouseCoopers. I practiced over 30 years in Boston, Albany, NY and Manhattan. My specialty was not-for-profit healthcare and higher education clients. In my career I have prepared or reviewed over 400 financial statements. I just reviewed the audited financial statements of the RD for the year ended 9/30/24. These are the most complicated financial statements and disclosures that I have ever seen in my career. It has got to be very difficult for a non accountant to understand the RD operations that are represented by these financials

I believe my experience is relevant to this RD and I believe I could provide a valuable service.

I look forward to the opportunity to contribute to the UPRD.

Sincerely,

John Baran jbaran001@gmail.com 917-699-3595

Sent from my iPad

From: To:
Cc: Subject: Date:

Vivian Carvalho "Steve Ferrara"
Kwame Jackson; "Richard Crouch"
RE: UPRD Finance Committee Interest – Steve Ferrara Friday, June 19, 2026 8:17:00 AM

Just to clarify my email below the meeting is Tuesday, Juine 23, 2026 at 2:00PM.

Thanks,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC

| phone & text 407.723-5945 | web pfmmanagement.com Home

carvalhov@pfm.com

3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: Vivian Carvalho
Sent: Friday, June 19, 2026 8:15 AM
To: 'Steve Ferrara' <steveferrara@outlook.com>
Cc: Kwame Jackson <jacksonk@pfm.com>; Richard Crouch <richard.crouch@universityparkrd.com>
Subject: RE: UPRD Finance Committee Interest – Steve Ferrara

Good morning, Steve,

Thank you for your email and for submitting your bio expressing interest in serving on the Finance Committee of the University Park Recreation District.

Please let this email serve as acknowledgment that we have received your information. We will ensure that the Board of Supervisors receives your materials in advance of the upcoming board meeting, scheduled for Monday, June 23, 2026, at 2:00 PM.

Thank you again for your interest, and we look forward to discussing your candidacy at the meeting.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC
carvalhov@pfm.com | phone & text 407.723-5945 | web pfmmanagement.com Home
3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: Steve Ferrara <steveferrara@outlook.com>
Sent: Saturday, June 13, 2026 9:45 AM
To: Vivian Carvalho <carvalhov@pfm.com>
Cc: Steve Ferrara <steveferrara@outlook.com>
Subject: UPRD Finance Committee Interest – Steve Ferrara

Dear Vivian,

I am writing to express my interest in serving on the Finance Committee of UPRD.

Following is a brief summary of my relevant background C experience and why I'm
interested:

Background C Experience:

I spent over 40 years working as a CPA in the public accounting profession, serving in varying roles of increasing responsibility throughout my career. I was also actively involved in my community during this time serving on many community Boards. I feel that my background and experience is a perfect fit for your finance committee. My bio is
enclosed for your review and consideration.

Why I’m Interested:

My wife Diana and I recently purchased a home in University Park and we would both like to get actively involved in the community. I was very fortunate to have the career I had and am at the stage of my life where I would like to give back. I can think of no better way
to do that than to help the community where we are living.

I would be happy to talk through things with you and I look forward to the opportunity to
contribute to the UPRD.

Sincerely,

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attachment

Steve Ferrara 312-286-9897
steveferrara@outlook.com

STEPHEN R. FERRARA
Board Advisor Strategic Consultant

steveferrara@outlook.com
Mobile: 312-286-9897

Stephen R. Ferrara Board Advisor Strategic Consultant

EXPERIENCE SUMMARY
As an experienced Board Advisor, Steve specializes in guiding organizations through transformative change & strategic growth. Steve leverages his over 40 years of diversified business experience to provide insights that drive innovation, enhance operational efficiency, and maximize profitability, including his experience working at BDO USA PC (BDO) from 1991-2024.
His background includes facilitating growth and innovation, while implementing strategies to maximize profitability. Steve is focused on collaborating with executive teams to develop actionable strategies that align with business objectives.
Key Areas of Expertise:









Strategic Planning & Execution Profit Enhancement Governance and Compliance
Mergers & Acquisitions Strategy and integration Financial Oversight and Risk Management Market Analysis & Competitive Assessment
Leadership Development & Succession Planning

Steve was BDO’s COO from 2012 through June 2024, when he retired. During his tenure as the COO, BDO grew from $600 million to $3 billion in revenue. As the Firm’s COO, Steve had overseen every aspect of the Firm’s business and was a member of the Firm’s Executive management team, where he helped develop strategy and set the direction for the Firm’s future sustainability, growth, and profitability.
Steve was responsible for executing the Firm’s mergers & acquisitions (M&A) strategy, applying his extensive experience and knowledge to form new ideas, concepts, and methods to help drive the Firm forward. He provided leadership by directing and coordinating all aspects of the M&A process. In his role Steve oversaw the acquisition and integration of over 80 businesses.
Steve oversaw many of the Firm’s operational business units, including Finance, IT, People, Business Development, Marketing and Administrative Operations. He also directed the development and implementation of the Firm’s national strategies and initiatives related to the Firm’s Alliance, Innovation and Industry programs. In addition, Steve oversaw the Firm’s International Liaison program and participated on the BDO network’s Global Board Advisory Group to help set strategy and direction for the BDO Global Network.
Steve also envisioned and led the conversion of the Firm to an ESOP company in 2023, making BDO one of the largest employee-owned companies in America. He oversaw all aspects of the transaction, including conversion of the Firm from a partnership to a corporate entity, due diligence, valuation, developing a communication plan for partners and employees of the Firm and negotiating with lenders & the ESOP trustee.
Steve was a member of BDO’s Board of Directors prior to becoming the Firm’s COO. Upon becoming COO Steve was an ex-officio Board member, participating in all Board and Committee meetings from 2012-2024.
From 1997-2012 Steve had approximately 15 years of increasing management responsibility at BDO as both an office and regional managing partner where he was responsible for strategy, growth, profitability & people development, in addition to overseeing numerous client relationships. Steve used this experience to help him in executing his responsibilities as the firm’s COO.
In addition to his leadership roles, Steve’s experience included working with a variety of public and privately held clients, ranging from emerging businesses to international conglomerates, and coordinating relationships and annual audit, tax and SEC compliance services for entrepreneurial businesses in varying industries.
Steve has served as an advisor for companies on merger, acquisition, and divestiture transactions, including deal structuring, resolution of accounting issues, due diligence procedures and post transaction integration. He has also worked directly with many public companies, offering assistance with initial public offerings (including equity offerings, debt offerings, split-offs and reverse mergers into existing public companies), secondary offerings and other modes of raising capital.

PROFESSIONAL AFFILIATIONS
American Institute of Certified Public Accountants
Chicagoland Chamber of Commerce, Past Board member and Board Chair Northern Illinois University Business School Advisory Board
Illinois Certified Public Accountants Society, Past Board member Notebaert Nature Museum, Past Board Member & Past Board Chair
Young Presidents Organization Gold, Chicago Chapter, Past Board Member & Board Chair

EDUCATION
B.S., Accounting, Northern Illinois University Licensed Certified Public Accountant, Illinois

From: To:
Cc: Subject: Date:

Vivian Carvalho
"Henderson, Jay - SARASOTA FL" Kwame Jackson; Richard Crouch
RE: UPRD Finance Committee Interest – [Your Name] Friday, June 19, 2026 8:19:00 AM

Good morning, Jay,

Thank you for your email and for submitting your bio expressing interest in serving on the Finance Committee of the University Park Recreation District.

Please let this email serve as acknowledgment that we have received your information. We will ensure that the Board of Supervisors receives your materials in advance of the upcoming board meeting, scheduled for Tuesday, June 23, 2026, at 2:00 PM.

Thank you again for your interest, and we look forward to discussing your candidacy at the meeting.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC

| phone & text 407.723-5945 | web pfmmanagement.com Home

carvalhov@pfm.com

3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: Henderson, Jay - SARASOTA FL <jay1.henderson@ml.com>
Sent: Saturday, June 13, 2026 10:10 PM
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: UPRD Finance Committee Interest – [Your Name]

Dear Vivian,
I am writing to express my interest in serving on the Finance Committee.
Below is a brief summary of my relevant background and experience (or I have attached my resume for your reference):

Background & Experience:
I have 35 years of experience in the Financial Services Industry. I currently work at Merrill Lynch and have held various positions in this field: Chief Investment Officer of a small bank

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attachment

in Bangor, Maine before moving to Sarasota Florida 23 years ago, started career with AG Edwards as an Options Strategist, and since being in Florida I’ve been a Financial Advisor. I also had experience on St. Martha’s Catholic School Finance Committee and school board as well as St. Martha’s Catholic Church Finance Committee. I was a representative with another committee member that assisted in a negotiation with the Diocese of Venice for a better mortgage for the school and avoided a $2 million dollar balloon payment.

Why I’m Interested:
My wife and I are new members at UPCC and have really enjoyed ourselves with golf and meeting members. We are not residents, yet, but sometime in the future we may be looking for our final Florida home at UPCC. I am 57 and we recently became empty nesters with my 25 year old son in the Navy and my 23 year daughter gainfully employed with an Asset Based Lending Company.

I look forward to the opportunity to contribute to the UPRD.

Sincerely,
Jay Henderson 941-587-0567
jay1.henderson@ml.com

This message, and any attachment(s), is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.bankofamerica.com/electronic-disclaimer. If you are not the intended recipient, please delete this message. For more information about how Bank of America protects your privacy, including specific rights that may apply, please visit the following pages: https://business.bofa.com/en-us/content/global-privacy-notices.html (which includes global privacy notices) and https://www.bankofamerica.com/security-center/privacy-overview/ (which includes US
State specific privacy notices such as the http://www.bankofamerica.com/ccpa-notice).

From: To:
Cc: Subject: Date:

Vivian Carvalho "William Mutryn"
Kwame Jackson; Richard Crouch
RE: UPRD Finance Committee Interest –Bill Mutryn Friday, June 19, 2026 8:20:00 AM

Good morning, William,

Thank you for your email and for submitting your bio expressing interest in serving on the Finance Committee of the University Park Recreation District.

Please let this email serve as acknowledgment that we have received your information. We will ensure that the Board of Supervisors receives your materials in advance of the upcoming board meeting, scheduled for Tuesday, June 23, 2026, at 2:00 PM.

Thank you again for your interest, and we look forward to discussing your candidacy at the meeting.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC

| phone & text 407.723-5945 | web pfmmanagement.com Home

carvalhov@pfm.com

3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: William Mutryn <wmutryn@gmail.com>
Sent: Thursday, June 18, 2026 1:23 PM
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: UPRD Finance Committee Interest –Bill Mutryn

Dear Vivian,
I am writing to express my interest in serving on the Finance Committee. Below is a brief summary of my relevant background and experience (and I have included my resume for your reference):

ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or
attachment

Background C Experience:
A short Bio is below. To summarize, I graduated and worked as an engineer for 5 years and then was an attorney in private practice for 43 years. I graduated from Case Western Reserve University in 1970 and George Washington University Law School, with high honors, in 1975. My last 25 years as a lawyer was with Holland C Knight, an international law firm and I was co-chair of its national corporate and MCA practice group. I represented parties in over 150 acquisition transactions and I was an adjunct professor at George Washington Law School for 5 years and a frequent speaker at industry events. I have extensive experience with Boards of Directors, both as a lawyer and as a member of about 10 corporate and non-profit Boards.
Since 2017 I have been a partner in a Private Equity Group, Bluestone Investment Partners, during which I am a member of the Investment
Committee and have been on numerous Boards of portfolio companies.

Why I’m Interested:
My wife, Cynde and I have owned a property in University Park since 2010. I have been the neighborhood Chair for Mayfair for about 5 years and an active tennis player and golfer. My wife is historian of and on the Board of the Women's Club. We participate in many Club activities and use the facilities often. We go north for the summer to see family and friends and have a home in McLean Virginia also.
I believe that I have the perspective of active members of the community and know the views of many residents. I have experience in law and finance that I would bring to bear in planning decisions. We are here for the long term and desire to contribute to continue to make this community a wonderful place
to live.

I look forward to the opportunity to contribute to the UPRD.

Sincerely, Bill Mutryn 240 447 7813
wmutryn@gmail.com

Bill Mutryn

Bill Mutryn is a Partner at Bluestone Investment Partners and member of

From: To:
Cc: Subject: Date:

Vivian Carvalho "Sas99"
Kwame Jackson; Richard Crouch
RE: UPRD Finance Committee Interest – Stephen Spanos Friday, June 19, 2026 8:21:00 AM

Good morning, Stephen,

Thank you for your email and for submitting your bio expressing interest in serving on the Finance Committee of the University Park Recreation District.

Please let this email serve as acknowledgment that we have received your information. We will ensure that the Board of Supervisors receives your materials in advance of the upcoming board meeting, scheduled for Tuesday, June 23, 2026, at 2:00 PM.

Thank you again for your interest, and we look forward to discussing your candidacy at the meeting.

Regards,

Vivian Carvalho
Senior District Manager

PFM Management Services LLC

| phone & text 407.723-5945 | web pfmmanagement.com Home

carvalhov@pfm.com

3501 Quadrangle Boulevard | Suite 270 | Orlando, Florida 32817

From: Sas99 <sas99@aol.com>
Sent: Friday, June 19, 2026 7:52 AM
To: Vivian Carvalho <carvalhov@pfm.com>
Subject: UPRD Finance Committee Interest – Stephen Spanos

Dear Vivian, I am writing to express my interest in serving on the Finance Committee. Below is a brief summary of my relevant background and experience:

I have around 40 years of accounting and finance experience, both in public accounting (Ernst & Young and BDO) and in private accounting as Controller and CFO of several companies. I graduated from Boston University in 1985 with my BSBA (Business degree) and promptly went into public accounting. Most of my experience was with smaller companies with revenues of $10 - $100 million. I left public

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attachment

accounting in the early 90s and received my MBA again from Boston University in 1995. At that point I became controller at Picturetel who was a pioneer of video conferencing. After that I was controller at Waste Systems which was a rollup integrated waste removal companies where we acquired landfills and transfer stations as well as hauling routes in 6 different states ultimately being sold to Waste Management. I finished my corporate career with Orion Seafood where I was the CFO of this $300 million lobster distributer in NH. Orion was the largest mover of lobster in the country ultimately being sold to the Thai Union. Once completed, I moved into my own consulting business where I worked with several public and private business with financial reporting and CFO services. I am currently working with Big Star Blockchain as their CFO. They are a crypto company doing Bitcoin mining but also providing hardware and firmware for the industry.

Throughout my career I worked with financial reporting both as an audit manager and controller/CFO. I was a CPA in Massachusetts, although that has lapsed. I have also had extensive work with budgeting and forecasting. The Companies I worked for were either in acquisition mode or looking to partner with others. In my consulting business we were looking for merger companies. I have also assisted all companies with fundraising support, providing forecasts and source and use information regarding funds.

I live in Notting Hill in the park and also have a rental unit in Whitebridge. I am a full golf member. As such I have an interest in seeing that University Park is operating efficiently and spending its money with proper oversight. I intend to live here for many years to come and want to help ensure the park remains beautiful. I believe my financial background in cash management, budgets and forecasts will be of great assistance to the board and its oversight. I am very comfortable dealing with auditors and can easily speak with them.

I look forward to the opportunity to contribute to the UPRD.

Sincerely,

Stephen A. Spanos 978-479-9960
sas99@aol.com

the Investment Committee. Bill brings over
40 years of experience as a practicing attorney, most of which has been representing clients in merger and acquisition
transactions in the aerospace, defense, government services, healthcare, consumer products, and staffing space. Prior
to joining Bluestone Bill was a co-leader of Holland & Knight’s Corporate and Mergers and Acquisitions Practice Group
and served as a member of Holland & Knight's Directors Committee for 6 years. During the past two decades, Bill has
served as lead counsel in over 150 merger and acquisition transactions. Transactions include the sale of Zeta
Associates to Lockheed Martin, the sale of Scitor to Leonard Green, the sale of Digital Systems to General Dynamics,
and the sale of Dynamics Research Corporation (DRC) to Engility following the acquisition by DRC of High Performance Technology.

Bill was admitted to practice law in Virginia and also has been a member of the bars of Maryland, the District of Columbia
and numerous federal courts. Bill is a former president of the Association for Corporate Growth, National Capital
Chapter, and he has written articles and lectured on a wide range of business law subjects. He has been named by his
peers in several editions of The Best Lawyers in America for Corporate Law, Mergers & Acquisitions Law, as well as
Leveraged Buyouts and Private Equity Law.

Bill also served as an adjunct professor at The George Washington University Law School, teaching "Mergers and
Acquisitions of Private Entities" and is on the law school's Board of Advisors. Currently Bill was a member of the Board
of Advisors of Cordia Partners and Deep Water Point Consulting, the Board of Directors of JetCars, Inc. and Minds
Matter of DC, a non-profit organization. Bill has served on the Boards of Directors of Bluestone's portfolio companies including cBeyond Data, Chesapeake Technology, Valiant, Axis Geospacial, Integral Solutions and Precise Systems.

Bill graduated with honors from the George Washington University Law School and has a B.S. in Engineering from
Case Western Reserve University.

University Park Recreation District

Review and Consideration of District Treasurer Responsibilities

June 16, 2026

Treasurer UPRD
1)  Purpose of the Role
The Treasurer provides financial oversight and governance, ensuring transparency, accuracy, and alignment between the Board, Controller, and Finance Committee. The Treasurer does not manage day-to-day financial operations.

2)

Core Responsibilities
A. Board & Committee Coordination





Serve as the Board’s primary financial liaison.
Ensure clear communication between the Board, Controller, and Finance Committee. Present Finance Committee recommendations with context and implications.

B. Financial Oversight (High-Level Review)





Review monthly financial statements for clarity and reasonableness.
Confirm that the Controller explains variances, risks, and corrective actions. Ensure the Board receives understandable, accurate financial information.

C. Cash Flow & Liquidity Awareness




Monitor summary cash flow reports prepared by the Controller.
Alert the Board to potential liquidity concerns based on Controller updates.

D. Budget Governance

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


Review the draft budget prepared by the Controller and Finance Committee.
Validate that assumptions are reasonable and aligned with Board priorities. Present the final proposed budget to the Board.

E. Audit Participation

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


Attend audit entrance and exit meetings.
Ensure the Board understands audit findings and required follow-up. Serve on the Audit Selection Committee.

F. Treasury & Banking Oversight

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


Serve as an authorized signer on bank accounts.
Ensure appropriate approval workflows for large disbursements. Periodically confirm accuracy of authorized signer lists.

G. Governance, Policy & Compliance





Ensure financial policies are current and consistently applied.
Support transparency, documentation, and adherence to bylaws. Coordinate with legal counsel when financial matters require review.

H. Annual Reporting




Provide a high-level narrative on financial performance and reserves for the Annual Report.
Highlight key trends, risks, and forward-looking considerations.

I. Bond & Covenant Compliance (Oversight Only)




Monitor covenant compliance reports prepared by the Controller and advisors.
Alert the Board to potential risks and recommend mitigation strategies.

Key Elements



Keeps the Treasurer’s role strategic, not operational
Places day-to-day work clearly with the Controller Positions the Finance Committee as the analytical partner Provides a clean, onboarding-friendly summary
Avoids overlap and reduces workload expectations on the Treasurer





University Park Recreation District

Discussion of
Board Meeting Executive Summary

RD Committee Meeting 06/02/2026 - Resident Information Summary (Unofficial)

This document is provided for general informational purposes only. It is not the official record of the meeting and has not been reviewed or approved by the … Committee or Board. Official minutes will be prepared, reviewed, and approved in accordance with Florida Sunshine Law and public records requirements. This summary reffects topics discussed and actions taken in a public meeting but does not replace or modify the official minutes.

University Park Recreation District Board of Supervisors Meeting
June 2, 2026 – Unofficial Executive Summary
Meeting Duration: Approximately 2:00 PM – 4:09 PM
Important Notice: This summary is based on the meeting transcript and is not the official record of the meeting. Official minutes are prepared and approved by the Board. This summary is intended to provide residents with a concise overview of major topics, actions, and decisions discussed during the meeting.

Overall Executive Summary
The June 2, 2026 RD Board meeting focused heavily on financial oversight, governance, capital planning, and preparation for the upcoming resident Town Hall concerning the proposed kitchen and clubhouse improvements. The Board reviewed and accepted the FY2025 audit, discussed budget resolutions for FY2027, considered governance committee procedures, addressed homeowner access easement requests, reviewed payment authorizations, and finalized scheduling changes for upcoming meetings. Significant discussion also occurred regarding alternative financing approaches for future capital projects and the role of advisory committees in supporting Board decision-making.

1

RD Committee Meeting 06/02/2026 - Resident Information Summary (Unofficial)

The meeting reflected a continued emphasis on maintaining financial stability while advancing strategic capital projects. Board members generally supported further evaluation of governance improvements and alternative financing concepts, but repeatedly emphasized the need for detailed supporting analysis before making major commitments. Multiple future meetings, including a Town Hall and SHADE meetings, were scheduled to continue discussion of these issues.

Major Topics Discussed (Chronological)

Approx. Time

Topic

00:01

Public Comment

00:02

Approval of Prior Meeting Minutes

00:10–00:38

FY2025 Audit Review

00:38

Acceptance of Audit

00:40–00:46

Homeowner Construction Easement Request

00:46–01:08

Budget Development C Capital Planning

01:08

FY2027 Budget Resolutions

01:09–01:38

Governance Advisory Committee Discussion

01:39

Payment Authorization #161

01:40–01:42

Town Hall C SHADE Meeting Scheduling

01:58–02:04

Alternative Cash Flow Proposal Discussion

02:04–Adjournment Resident Communication Procedures C Closing Comments

Detailed Executive Summary by Topic Public Comment
Timestamp: ~00:01–00:02

2

RD Committee Meeting 06/02/2026 - Resident Information Summary (Unofficial)

Resident Lee Underwood raised concerns regarding two issues receiving significant homeowner attention. First, he questioned why the vacant fifth Board seat had not yet been filled following the April resignation. He noted that legal counsel had previously recommended filling the position as quickly as possible. Second, he requested an update regarding another ongoing matter of community interest.
Board leadership acknowledged the comments but did not engage in substantive discussion during public comment, consistent with established Board practice. The comments were noted for future follow-up by staff.

Approval of Prior Meeting Minutes Timestamp: ~00:02–00:10
The Board reviewed minutes from prior meetings, including April 10, April 28, May 5, and
attorney-client session records. Minor corrections were discussed, including references to golf membership statistics and wording adjustments.
Following discussion, the Board approved the corrected minutes and moved forward to administrative and financial matters.

FY2025 Audit Review Timestamp: ~00:10–00:38
A substantial portion of the meeting was devoted to presentation of the FY2025 audit
results. Auditors reported a clean audit with no significant findings or material weaknesses. Financial statements reflected continued fiscal stability and positive operating performance.
Key figures discussed included:
Total Assets: approximately $54.5 million
Total Liabilities: approximately $30 million
Outstanding Bond Debt: approximately $21.3 million
Positive operating performance exceeding $2 million in revenues over expenses
Significant hurricane-related costs partially offset by insurance and FEMA reimbursements.

3

RD Committee Meeting 06/02/2026 - Resident Information Summary (Unofficial)

The audit discussion also addressed reserve levels, debt obligations, capital spending requirements, and long-term sustainability of district finances.

Acceptance of FY2025 Audit Timestamp: ~00:38
Following questions and discussion, the Board unanimously accepted the FY2025 audit
report. The acceptance reflected confidence in the district’s financial controls and reporting processes.

Homeowner Construction Easement Request Timestamp: ~00:40–00:46
The Board considered a request from a homeowner seeking temporary construction
access across RD property to facilitate a major residential project. Management explained that multiple approvals were involved, including separate Architectural Landscape Committee reviews.
Board members concluded that granting temporary access would allow the homeowner to continue planning while preserving the ALC’s authority to independently evaluate the project. A motion approving management to proceed with the easement process was approved.

FY2027 Budget Development G Capital Planning Timestamp: ~00:46–01:08
The Board reviewed preliminary FY2027 budget assumptions, debt service requirements,
and projected capital expenditures. Discussion included the General Fund, Enterprise Fund, debt service obligations, and future capital projects.
Special attention was given to proposed kitchen project funding and scheduling of required public hearings. Board members emphasized maintaining adequate reserves while continuing investment in infrastructure improvements.

Budget Resolutions

4

RD Committee Meeting 06/02/2026 - Resident Information Summary (Unofficial)

Timestamp: ~01:08–01:09 The Board approved:
Resolution 2026-14
Preliminary Enterprise Fund Budget
Public Hearing scheduled for September 1, 2026.
Resolution 2026-15
Preliminary General Fund Budget
Debt Service Budgets
2019 Bond Debt Service
2024 Note Financing
Proposed Kitchen Project Budget
Public Hearing scheduled for September 1, 2026.
Both resolutions passed unanimously.

Governance Advisory Committee Discussion Timestamp: ~01:09–01:38
The Board reviewed a proposed Governance Advisory Committee framework. Supervisor
Hubner explained that draft concepts had been developed using existing Strategic Planning and Finance Committee structures as reference models.
Discussion focused on:
Committee authority
Reporting structure
Relationship to existing committees
Scope and charter requirements
Sunshine Law compliance
Future development of a formal committee charter

5

RD Committee Meeting 06/02/2026 - Resident Information Summary (Unofficial)

Several members supported further development of the concept but emphasized that final approval would depend on reviewing a detailed charter and operating framework before implementation.

Payment Authorization #161 Timestamp: ~01:39–01:40
The Board reviewed Payment Authorization #161 totaling $8,GG5.G8. Major components
included:
Monthly district management fee (PFM): $5,833.33
Bond validation legal and court reporting expenses: approximately $2,400.
The authorization was ratified unanimously.

Town Hall and Meeting Schedule Changes Timestamp: ~01:40–01:42
Management confirmed upcoming public engagement activities:
June 8, 2026
SHADE Meeting
9:00 AM
June G, 2026
Town Hall
2:00 PM
Conducted via Zoom for residents
Architects, project managers, and construction representatives participating.
Additional schedule changes:
June 12 meeting cancelled
June 23 meeting added
July 10 moved to July 17

6

RD Committee Meeting 06/02/2026 - Resident Information Summary (Unofficial)

August 14 moved to August 11.

Alternative Cash Flow Proposal Discussion Timestamp: ~01:58–02:03
Supervisor Hubner requested Board discussion regarding an alternative cash-flow-based
financing concept intended to reduce or eliminate future homeowner assessments. He expressed concern that the concept had not yet received a full public discussion.
Finance Committee representatives indicated the proposal lacked sufficient supporting assumptions, sources-and-uses analyses, and risk assessments to permit meaningful evaluation. Board members agreed the concept should receive future discussion but would require significantly more detail before formal consideration.

Resident Communications G Public Comment Follow-Up Timestamp: ~02:07–02:09
The Board discussed procedures for responding to resident comments made during public
meetings. Management explained that Board members generally do not respond directly during public comment periods. Instead, appropriate staff members follow up outside the meeting when additional information or action is required.
The discussion clarified communication pathways, ensuring compliance with Sunshine Law requirements while maintaining responsiveness to resident concerns.

Motions Summary

Approx.
Time

Motion

Result

~00:03

Approve prior meeting minutes

Passed

Passed unanimously

~00:38

Accept FY2025 Audit

Approve temporary homeowner construction access/easement process

~00:46

Passed

7

RD Committee Meeting 06/02/2026 - Resident Information Summary (Unofficial)

Approx. Time

Motion

Result

Resolution 2026-14 Enterprise Fund Budget C Sept. 1 hearing

Passed unanimously

01:08

Resolution 2026-15 General Fund, Debt Service, Kitchen Project Budgets C Sept. 1 hearing

Passed unanimously

01:09

Passed unanimously

01:40

Ratify Payment Authorization #161 ($8,995.98)

~02:09
Sources:

Adjourn Meeting

Passed

Owner

Continue development of governance committee Supervisor Hubner /

charter and operating procedures

Counsel

Prepare public hearing materials for September budget hearings

Budget Process

Management

Finalize Town Hall logistics and presentations

Management

Cash Flow Proposal

Place alternative financing concept on future agenda for further discussion

Board / Management

Resident Follow-Up

Continue staff follow-up process for resident inquiries

Management

Meeting Schedule Distribute revised meeting calendar and

Management

invitations

Sources:

Key Takeaway

8

RD Committee Meeting 06/02/2026 - Resident Information Summary (Unofficial)

The June 2 meeting showed a Board largely aligned on maintaining financial stability, advancing the kitchen project evaluation process, and improving governance structure. The most significant future issues identified were (1) upcoming resident review of the kitchen project through the Town Hall process, (2) continued development of governance committee structures, and (3) examination of alternative financing strategies that could potentially reduce homeowner assessments.

9

University Park Recreation District

Ratification of Payment Authorization Nos. 162 & 163