High Ridge/Quantum Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

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 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	60,368	60,503	60,503	
Debt Assessments	128,719	128,720	128,720	
Other Revenues	0	0	0	
Interest Income	120	220	214	
				
TOTAL REVENUES	$	189,207	$	189,443	$	189,437	
				
EXPENDITURES				
Supervisor Fees	5,000	3,400	3,400	
Payroll Taxes - Employer	400	260	260	
Engineering/Inspections	1,500	1,000	0	
Management	20,916	20,916	20,916	
Secretarial	3,000	3,000	3,000	
Legal	7,000	7,000	5,855	
Assessment Roll	3,000	3,000	3,000	
Audit Fees	3,100	3,100	3,100	
Insurance	6,000	5,513	5,513	
Legal Advertisements	1,400	1,800	1,496	
Miscellaneous	775	775	243	
Postage	175	75	64	
Office Supplies	375	250	196	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,600	3,180	3,180	
Website Management	2,000	2,000	2,000	
TOTAL EXPENDITURES	$	58,416	$	55,444	$	52,398	
				
REVENUES LESS EXPENDITURES	$	130,791	$	133,999	$	137,039	
				
Bond Payments	(120,996)	(122,641)	(122,641)	
				
BALANCE	$	9,795	$	11,358	$	14,398	
				
County Appraiser & Tax Collector Fee	(3,782)	(2,378)	(2,378)	
Discounts For Early Payments	(7,563)	(7,123)	(7,123)	
				
EXCESS/ (SHORTFALL)	$	(1,550)	$	1,857	$	4,897	
				
Carryover From Prior Year	1,550	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	1,857	$	4,897	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$85,789	
$1,857	
$87,646	

.
Notes
Carryover From Prior Year Of $1,550 was used to reduce Fiscal Year 2020/2021 Assessments.
$1,550 Of Fund Balance To Be Used To Reduce 2021/2022 Assessments.

9/30/2021  2:45 PM	I

AMENDED FINAL BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	0	4	4	
NAV Tax Collection	120,996	122,641	122,641	
Total Revenues	$	120,996	$	122,645	$	122,645	
				
EXPENDITURES				
Principal Payments (2017)	85,000	85,000	85,000	
Interest Payments (2017)	33,201	34,272	34,272	
Bond Redemption	2,795	0	0	
Total Expenditures	$	120,996	$	119,272	$	119,272	
				
Excess/ (Shortfall)	$	-	$	3,373	$	3,373	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$64,091	
$3,373	
$67,464	

Notes
Reserve Fund Balance = $15,000*. Revenue Fund Balance = $52,464*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $16,065.
* 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 9/30/21 =	May 2035

$1,275,000	May 1st & November 1st	

9/30/2021 2:45 PM	II