High Ridge/Quantum Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

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 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O & M Assessments	60,409	60,690	60,690	
Debt Assessments	128,719	128,720	128,720	
Other Revenues	0	0	0	
Interest Income	120	237	237	
				
TOTAL REVENUES	$	189,248	$	189,647	$	189,647	
				
EXPENDITURES				
Supervisor Fees	5,000	3,600	3,600	
Payroll Taxes - Employer	400	275	275	
Engineering/Inspections	1,500	750	0	
Management	20,448	20,448	20,448	
Secretarial	3,000	3,000	3,000	
Legal	7,000	5,541	5,541	
Assessment Roll	3,000	3,000	3,000	
Audit Fees	3,600	3,000	3,000	
Insurance	6,356	5,251	5,251	
Legal Advertisements	1,350	1,550	1,187	
Miscellaneous	800	700	312	
Postage	200	110	102	
Office Supplies	375	260	238	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,600	3,180	3,180	
Website Management	2,000	2,000	2,000	
TOTAL EXPENDITURES	$	58,804	$	52,840	$	51,309	
				
REVENUES LESS EXPENDITURES	$	130,444	$	136,807	$	138,338	
				
Bond Payments	(120,996)	(122,733)	(122,733)	
				
BALANCE	$	9,448	$	14,074	$	15,605	
				
County Appraiser & Tax Collector Fee	(3,783)	(2,356)	(2,356)	
Discounts For Early Payments	(7,565)	(7,013)	(7,013)	
				
EXCESS/ (SHORTFALL)	$	(1,900)	$	4,705	$	6,236	
				
Carryover From Prior Year	1,900	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	4,705	$	6,236	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$78,316	
$4,705	
$83,021	

.
Notes
Carryover From Prior Year Of $1,900 was used to reduce Fiscal Year 2019/2020 Assessments.
$1,550 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

10/29/2020  5:27 PM	I

AMENDED FINAL BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	0	39	39	
NAV Tax Collection	120,996	122,733	122,733	
Total Revenues	$	120,996	$	122,772	$	122,772	
				
EXPENDITURES				
Principal Payments (2017)	80,000	80,000	80,000	
Interest Payments (2017)	35,280	36,288	36,288	
Bond Redemption	5,716	0	0	
Total Expenditures	$	120,996	$	116,288	$	116,288	
				
Excess/ (Shortfall)	$	-	$	6,484	$	6,484	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$57,607	
$6,484	
$64,091	

Notes
Reserve Fund Balance = $15,000*. Revenue Fund Balance = $49,091*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $17,136.
* 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 9/30/20 =	May 2035

$1,360,000	May 1st & November 1st	

10/29/2020 5:27 PM	II