Title: University Park RD 2026-23, Annual Appropriations and Adopting the Fiscal Year 2026-2027 District's Annual Budget and Appropriating Funds

RESOLUTION 2026-23

THE ANNUAL APPROPRIATION RESOLUTION OF THE UNIVERSITY PARK RECREATION DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(s) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2026, AND ENDING SEPTEMBER 30, 2027; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District was established by the Board of County Commissioners of Manatee County, Florida, effective August 2, 2018 and;

WHEREAS, the District Manager has submitted to the Board of Supervisors (“Board”) of the University Park Recreation District (“District”) a proposed budget(s) (“Proposed Budget(s)”) for the fiscal year beginning October 1, 2026, and ending September 30, 2027 (“Fiscal Year 2026-2027”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Manatee County Ordinance 18-29 as amended, Laws of Florida and Chapter 189, Florida Statutes,' and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget(s), the District filed a copy of the Proposed Budget(s) with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Manatee County Ordinance 18-29 as amended, and Chapter 189, Florida Statutes,’ and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Manatee County Ordinance 18-29 as amended, Laws of Florida and Chapter 189, Florida Statutes, and

WHEREAS, the District Manager posted the Proposed Budget on the District's website at least two days before the public hearing; and

WHEREAS, Manatee County Ordinance 18-29 as amended, Laws of Florida, requires that, prior to October of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt the budget(s) for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

_1st

WHEREAS, the District Manager has prepared a Proposed Budget(s), whereby the budget(s) shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

WHEREAS, On June 2, 2026, the Board held a Public Hearing regarding proposed budgets.

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

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SECTION 1.	BUDGETS

a.

The Board has reviewed the Proposed Budget(s), a copy of which is on file with the office of the District Manager and at the District's Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.
The Proposed Budget(s), attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Manatee County Ordinance 18-29 as amended, Laws of Florida and Section 189.016, Florida Statutes (“Adopted Budget(s)”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget(s) may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.
The Adopted Budget(s), as amended, shall be maintained in the office of the District Manager and at the District's Local Records Office and identified as "The Budget(s) for the University Park Recreation District for the Fiscal Year Ending September 30, 2027.”
The Adopted Budget(s) shall be posted by the District Manager on the District's official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

b.

C.

d.

SECTION 2.	APPROPRIATIONS
There is hereby appropriated out of the revenues of the District, for Fiscal Year 2026-2027, the sum of 	

(âQ

Dollars to be raised by the levy of assessments and/or otherwise, which

sum is deemed by the Board to be necessary to defray all expenditures of the District during said

budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND

 	

TOTAL ALL FUNDS

 	

SECTION 3.	BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2026-2027 or within 60 days following the end of the Fiscal Year 2026-2027 may amend its Adopted Budget(s) for that fiscal year as follows:

a.

The Board may authorize an increase or decrease in line-item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.
The District Manager or Treasurer may authorize an increase or decrease in line-item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.
By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

b.

c.

2183402v 1

d.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

SECTION 4.	EFFECTIVE DATE.

This Resolution shall take effect immediately

upon

PASSED AND ADOPTED THIS

DAY OF

2026.

ATTEST:

UNIVERSITY PARK RECREATION DISTRICT

Secretary/Assistant Secretary

Exhibit A:

Fiscal Year 2026-2027 Budget

Exhibit B:

Debt Service Budgets

2183402v 1

Exhibit A:
Fiscal Year 2026-2027 Budget

2 I 83402v 1

University Park Recreation District FY2027 Adopted General Fund Budget

FY 2026
Adopted

FY 2027
Prelim

FY 2027
Final Proposed

Changes

Revenues
PrYr Surplus
Inter-Fund Transfers - Debt Service to O&M

9,088
70,000

2,878
70,000

6,330
70,000

3,452

Inter-Fund Transfers - Country Club to O&M

220,912
$300,000

269,822
$342,700

276,370
$352,700

	6,548
$10,000

General & Administrative Ex(!enses 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
Web Site Maintenance
Total General & Administrative Expenses

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
5,000
$300,000

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

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

5,000

5,000

24,200
5,000
75,000
5,000
1,000
1,000
6,000
$342,700

24,200
5,000
75,000
5,000
1,000
1,000
6,000

$352,700

$10,000

Exhibit B:
Debt Service Budgets

3 I 83402v î

University Park Recreation District FY 2027 Adopted Debt Service Budget

FY 2027 Proposed Budget

REVENUES:
Series 2019 Bonds Special Assessments

1,594,068.75

$

TOTAL REVENUES

1,594,068.7S

$

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

333,856.25
333,856.25
600,000.00

TOTAL EXPENDITURES

1,267,712.50

$

Funds Available for 11/1 Payment

326,356.25

Interest 11/01/2027

326,356.25

University Park Recreation District FY 2027 Adopted Debt Service Budget

FY 2027 Proposed Budget

REVENUES:
Series 2026 Bonds Special Assessments

1,343,472.92

$

TOTAL REVENUES

 _$	1,343,472.92 

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

675,835.42
145,000.00

TOTAL EXPENDITURES

820,835.42

$

522,637.50

Funds Available for 11/1 Payment

Interest 11/01/2027

522,637.50