RESOLUTION 2026-15

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE UNIVERSITY PARK RECREATION DISTRICT APPROVING PROPOSED PRELIMINARY FY 2026/2027 BUDGETS 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 budgets for operation, maintenance, and capital improvements for Fiscal Year 2026/2027 (“Proposed Budgets”); and

WHEREAS, the Board has considered the Proposed Budgets 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 BUDGETS APPROVED. The Proposed Budgets prepared by

the District Manager to the District Budget to provide budgets 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 Budgets.

2.

SETTING A PUBLIC HEARING.

A public hearing on said approved

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

DATE:

 	

HOUR:

 	

LOCATION:

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

3.

TRANSMITTAL

OF PROPOSED BUDGETS 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 DISTRI T

By: 	 Its: 		

Secretary

University Park Recreation District FY2027 Proposed General Fund Budget

Actual Through 2/28/2026

Anticipated Mar. - Sept.

Anticipated FY 2026
Total

FY 2026
Adopted Budget

FY 2027
Proposed Budget

Revenues
PrYr Surplus
Inter-Fund Transfers - Debt Service to 0&M Inter-Fund Transfers - Country Club to 0&M

9,088
70,000
	220,912 
$300,000

2,878
70,000
	302,322 
$375,200

5,486
	175,000 
$180,486

70,000
	72,412 
$142,412

75,486
	247,412 
$322,898

General & Administrative Expenses Assessment Administration Audit
Bank Fees
Bond Admistration Fee Contingency Dissemination Agent District Counsel
Dues, Licenses, and Fees Election Costs
Insurance
Legal Advertising Management Meeting Set Up Office Supplies Postage & Shipping Professional Fees
Web Site Maintenance
Total General & Administrative Expenses

10,000
29,125
120
6,687
300
5,000
65,722
175
6,691
21,569
5,065
29,167

10,000
34,125
120
6,687
720
5,000
149,722
1,075
6,691
21,569
7,165
70,000

10,000
35,000
500
7,500
15,000
5,000
110,000
2,500
10,000
17,500
5,000
70,000
5,000
1,000
1,000

10,000
35,000
500
7,500
15,000
5,000
150,000
2,500

5,000

420

84,000
900

24,200
5,000
80,000
5,000
1,000
3,500
25,000
6,000
$375,200

2,100
40,833

36

50

86

2,700

3,300

6,000

5,000
$300,000

$182,357

$136,603

$318,961

University Park Recreation District FY 2027 Proposed Debt Service Budget

FY 2027 Proposed Budget

REVENUES:
Series 2019 Bonds Special Assessments

1,594,068.75

TOTAL REVENUES

	1,594,068.75 

EXPENDITURES:
Interest 11/01/2026 Interest 5/1/2027 Principal 5/1/2027

333,856.25
333,856.25
600,000.00

 $	_ _1,267,712.50 

TOTAL EXPENDITURES

Funds Available for 11/1 Payment

	326,356.25 

Interest 11/01/2027

326,356.25

University Park Recreation District
FY 2027 Proposed Capital Irrigation Budget

FY 2027 Proposed Budget
5,000,000.00

REVENUES:
Series 2024 Note Special Assessments

5,000,000.00

TOTAL REVENUES

$

EXPENDITURES:
Series 2024 Note due 8/11/2027

5,000,000.00

5,000,000.00

TOTAL EXPENDITURES

University Park Recreation District
FY 2027 Proposed Kitchen Budget

FY 2027 Proposed Budget

REVENUES:
Special Assessments

6,000,000.00

TOTAL REVENUES

6,000,000.00

$

EXPENDITURES:
Kitchen Project

6,000,000.00

6,000,000.00

TOTAL EXPENDITURES