High Ridge/Quantum Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 8/31/19	
O & M Assessments	60,412	60,651	60,651	
Debt Assessments	128,719	128,720	128,720	
Other Revenues	0	0	0	
Interest Income	120	150	146	
				
TOTAL REVENUES	$	189,251	$	189,521	$	189,517	
				
EXPENDITURES				
Supervisor Fees	5,000	4,600	3,600	
Payroll Taxes - Employer	400	356	276	
Engineering/Inspections	1,500	1,500	0	
Management	20,076	20,076	18,403	
Secretarial	3,000	3,000	2,750	
Legal	7,000	7,000	4,403	
Assessment Roll	3,000	3,000	0	
Audit Fees	3,500	3,500	3,500	
Insurance	6,356	5,778	5,000	
Legal Advertisements	1,400	1,500	1,228	
Miscellaneous	800	750	306	
Postage	225	100	81	
Office Supplies	375	375	337	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,600	3,180	3,180	
Continuing Disclosure Fee	1,000	0	0	
Website Management	1,500	1,500	1,375	
TOTAL EXPENDITURES	$	58,907	$	56,390	$	44,614	
				
REVENUES LESS EXPENDITURES	$	130,344	$	133,131	$	144,903	
				
Bond Payments	(120,996)	(122,717)	(122,717)	
				
BALANCE	$	9,348	$	10,414	$	22,186	
				
County Appraiser & Tax Collector Fee	(3,783)	(2,391)	(2,355)	
Discounts For Early Payments	(7,565)	(7,209)	(7,036)	
				
EXCESS/ (SHORTFALL)	$	(2,000)	$	814	$	12,795	
				
Carryover From Prior Year	2,000	2,000	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	2,814	$	12,795	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$71,327	
$814	
$72,141	

.
Notes
Carryover From Prior Year Of $2,000 was used to reduce Fiscal Year 2018/2019 Assessments.
$1,900 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

8/29/2019  11:43 AM	I

AMENDED FINAL BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 8/31/19	
Interest Income	0	160	152	
NAV Tax Collection	120,996	122,717	122,717	
Total Revenues	$	120,996	$	122,877	$	122,869	
				
EXPENDITURES				
Principal Payments (2017)	80,000	80,000	80,000	
Interest Payments (2017)	37,296	38,304	38,304	
Bond Redemption	3,700	0	0	
Total Expenditures	$	120,996	$	118,304	$	118,304	
				
Excess/ (Shortfall)	$	-	$	4,573	$	4,565	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$53,017	
$4,573	
$57,590	

Notes
Reserve Fund Balance = $15,000*. Revenue Fund Balance = $42,690*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $18,144.
* Approximate Amounts

Series 2017 Bond Refunding Information

Original Par Amount =	$1,680,000	Annual Principal Payments Due =	
Interest Rate =	2.52% - 5.75%	May 1st	
Issue Date =	January 2017	Annual Interest Payments Due =	
Maturity Date =

Par Amount As Of 9/30/19 =	May 2035

$1,440,000	May 1st & November 1st	

8/29/2019 11:43 AM	II