RESOLUTION 2026-14
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT APPROVING A PROPOSED PRELIMINARY COUNTRY CLUB 2026/2027 BUDGET AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the University Park Recreation District ("District") was recently established by the Manatee County Commission, Florida, effective August 2, 2018; and
WHEREAS, in November 2019, the District acquired the University Park Country Club ("Country Club") and has begun operating and maintaining the Country Club; and
WHEREAS, the District Manager has prepared and submitted to ·the Board of Supervisors of the University Park Recreation District (the "Board") the proposed operating budget for the Country Club Fiscal Year 2026/2027 ("Proposed Budget"); and
WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT:

1.

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by

the District Manager to the District Budget to provide a budget for the operation,

maintenance, and capital improvement of the District for Fiscal Year 2026/2027 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

2.

SETTING A PUBLIC HEARING.

A public hearing on said approved

Proposed Budget is hereby declared and set for the following date, hour and location:

September 1, 2026

DATE:
HOUR: LOCATION:

2: 00 PM

The Business Offices 8301 The Park Blvd. University Park, FL 34201.

3.

TRANSMITTAL OF PROPOSED BUDGET AMENDMENT TO LOCAL

GENERAL PURPOSE GOVERNMENT.	The District Manager is hereby directed to

submit a copy of the Proposed Budget to Manatee County in accordance with Chapter 189, Florida Statutes.

4.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016,

Florida Statutes, the District's Secretary is further directed to post the approved Proposed

Budget on the District's website at least two days before the budget hearing date as set forth in Section 2, shall be posted within five (5) days after adoption, and shall remain on the website for at least two (2) years. If the District does not have its own website, the District's Secretary is directed to transmit the approved budget to the manager or administrator of Manatee County for posting on their websites.

5.

PUBLICATION OF NOTICE.	Notice of this public hearing shall be

published in the manner prescribed in Florida law.

6.
adoption.

EFFECTIVE DATE.	This Resolution shall take effect immediately upon

PASSED AND ADOPTED THIS 2ND DAY OF JUNE 2026.

ATTEST:

UNIVERSITY PARK RECREATION DISTRICT

By: 	
Its: 	

Secretary

University Park Country Club
2027 Budget

SUMMARY INCOME STATEMENT

2025

	2026	
	Budget	

2026

Rolling

2027
Budget

7,055,981
4,132,755
86,217
3,214,730
5,480

 2027 Budget 
 vs. 2026 FC 

FISCAL YEARS ENDING SEPTEMBER 30

Actual

Forecast

  12 Months	

COUNTRY CLUB OPERATIONS:

REVENUE:

MEMBERSHIP DUES

6,131,043

	6,724,088 
	3,759,858 
		77,324  3,135,420
	5 480 

6,687,222

	6,380,181 
	3,920,372 
	74,491 
	3,084,146 
	12,185 

	368,759 
	169,598 
	(2,241) 
	106,099 
	(5,355) 

GOLF OPERATIONS

3,451,413

3,963,157

RACQUETS & FITNESS CENTRE

58,549

88,458

DINING INCOME

3,010,876

3,108,631

OTHER INCOME

13,499

10,835

TOTAL REVENUE

12,665,380

  13,702,170 

13,858,303

  13,471,376 

14,495,164 	636,861 

885,464 	74,064 
405,457 	24,562 
2,584,038 	177,077 
2,040,886	41,854
1,866,560 	62,297 

EXPENSES:

PAYROLL & RELATED:

GOLF OPERATIONS

719,677

856,026

811,399

	744,724 
369,329

RACQUETS & FITNESS CENTRE

359,929

386,008

380,896

DINING

2,308,561

	2,435,666  2,068,992
1,834,071

2,406,961

2,334,481

GOLF COURSE MAINTENANCE GENERAL & ADMINISTRATIVE

1,833,506
1,675,776

1,999,032
1,804,263

1,891,414
	1,768,332 

TOT PAYROLL & RELATED

6,897,450

	7,580,764 

7,402,550

  7,108,280 

7,782,405 	379,855 

1,027,198 	(12,588) 
186,837 	20,569 
1,336,151 	91,651 
805,415 	73,179 
1,789,315 	143,560 
506,890 	50,495 
406,436 	35,372 

DIRECT EXPENSES:

GOLF OPERATIONS

1,016,726

1,018,068

1,039,786

1,073,913

RACQUETS & FITNESS CENTRE

131,816

161,459

166,268

147,312

DINING CGS

1,249,831

1,306,757

1,244,500

1,270,256

DINING OPER EXP

755,303

782,785

732,236

737,096

GOLF COURSE MAINTENANCE

1,611,411

	1,566,167 
	493,443 
	390,000 

1,645,755

	1,664,759 
	464,048 
	354,191 

GENERAL & ADMIN

446,790

456,395

PROPERTY INSURANCE

335,919

371,063

TOTAL DIRECT EXPENSES

5,547,796

	5,718,679 

5,656,003

	5,711,575 

6,058,242 	402,239 

OPERATING INCOME/(LOSS)

220,133

402,726	799,749

651,520	654,516	(145,233)

680,400 	(93,600) 
284,679 	23,380 
440,948 	25,856 

APITAL ALLOCATION:

NITIATION FEES

853,150

	510,800_
248,670

774,000

1,392,550

CAPITAL ALLOCATION- GOLF OPS

252,656

261,299

	257,158 
	397,051 

CAPITAL DUES

380,552

414,769

415,092

TOTAL CAPITAL ALLOCATION

1,486.358

1,174,239	1,450,391 l	2,046,759	1,406,028	(44,363)