High Ridge/Quantum Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

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 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
O & M Assessments	60,329	60,343	60,343	
Debt Assessments	128,719	128,720	128,720	
Other Revenues	0	0	0	
Interest Income	120	12	12	
				
TOTAL REVENUES	$	189,168	$	189,075	$	189,075	
				
EXPENDITURES				
Supervisor Fees	5,000	4,000	4,000	
Payroll Taxes - Employer	400	306	306	
Engineering/Inspections	1,500	1,500	0	
Management	21,204	21,204	21,204	
Secretarial	3,000	3,000	3,000	
Legal	7,000	6,326	6,326	
Assessment Roll	3,000	3,000	3,000	
Audit Fees	3,200	3,200	3,200	
Insurance	6,000	5,706	5,706	
Legal Advertisements	1,400	1,800	1,478	
Miscellaneous	750	750	437	
Postage	175	90	80	
Office Supplies	375	375	336	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,200	3,180	3,180	
Website Management	2,000	2,000	2,000	
TOTAL EXPENDITURES	$	58,379	$	56,612	$	54,428	
				
REVENUES LESS EXPENDITURES	$	130,789	$	132,463	$	134,647	
				
Bond Payments	(120,996)	(122,660)	(122,660)	
				
BALANCE	$	9,793	$	9,803	$	11,987	
				
County Appraiser & Tax Collector Fee	(3,781)	(2,389)	(2,389)	
Discounts For Early Payments	(7,562)	(7,193)	(7,193)	
				
EXCESS/ (SHORTFALL)	$	(1,550)	$	221	$	2,405	
				
Carryover From Prior Year	1,550	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	221	$	2,405	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$91,330	
$221	
$91,551	

.
Notes
Carryover From Prior Year Of $1,550 was used to reduce Fiscal Year 2021/2022 Assessments.
$5,000 Of Fund Balance To Be Used To Reduce 2022/2023 Assessments.

AMENDED FINAL BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	0	4	4	
NAV Tax Collection	120,996	122,660	122,660	
Total Revenues	$	120,996	$	122,664	$	122,664	
				
EXPENDITURES				
Principal Payments	90,000	90,000	90,000	
Interest Payments	30,996	32,130	32,130	
Bond Redemption	0	0	0	
Total Expenditures	$	120,996	$	122,130	$	122,130	
				
Excess/ (Shortfall)	$	-	$	534	$	534	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$67,464	
$534	
$67,998	

Notes
Reserve Fund Balance = $15,000*. Revenue Fund Balance = $52,998*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $14,931.
* 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 9/30/22 =	May 2035

$1,185,000	May 1st & November 1st