High Ridge/Quantum Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M Assessments	46,500	
Debt Assessments	128,719	
Other Revenues	0	
Interest Income	840	
		
TOTAL REVENUES	$	176,059	
		
EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Engineering	1,500	
Management	23,844	
Secretarial	3,000	
Legal	7,000	
Assessment Roll	3,000	
Audit Fees	3,300	
Insurance	7,400	
Legal Advertisements	1,400	
Miscellaneous	525	
Postage	150	
Office Supplies	350	
Dues & Subscriptions	175	
Trustee Fee	3,200	
Website Management	2,000	
		
TOTAL EXPENDITURES	$	62,244	
		
REVENUES LESS EXPENDITURES	$	113,815	
		
Bond Payments	(120,996)	
		
BALANCE	$	(7,181)	
		
County Appraiser & Tax Collector Fee	(3,504)	
Discounts For Early Payments	(7,009)	
		
EXCESS/ (SHORTFALL)	$	(17,694)	
		
Carryover From Prior Year	17,694	
		
NET EXCESS/ (SHORTFALL)	$	-	

2/4/2025 12:45 PM	I

DETAILED PROPOSED BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024
ACTUAL	
FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
O & M Assessments	55,619	51,923	46,500	Expenditures Less Interest & Carryover/.94	
Debt Assessments	128,719	128,719	128,719	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	5,400	480	840	Interest Projected At $70 Per Month	
					
TOTAL REVENUES	$	189,738	$	181,122	$	176,059		
					
EXPENDITURES					
Supervisor Fees	2,400	5,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	184	400	400	Projected At 8% Of Supervisor Fees	
Engineering	0	1,500	1,500	No Change From 2024/2025 Budget	
Management	22,488	23,160	23,844	CPI Adjustment	
Secretarial	3,000	3,000	3,000	No Change From 2024/2025 Budget	
Legal	6,265	7,000	7,000	No Change From 2024/2025 Budget	
Assessment Roll	3,000	3,000	3,000	As Per Contract	
Audit Fees	3,400	3,500	3,300	Approved Amount For 2024/2025 Audit	
Insurance	6,594	7,200	7,400	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	1,148	1,400	1,400	No Change From 2024/2025 Budget	
Miscellaneous	159	575	525	$50 Decrease From 2024/2025 Budget	
Postage	66	150	150	No Change From 2024/2025 Budget	
Office Supplies	184	350	350	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,180	3,200	3,200	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
					
TOTAL EXPENDITURES	$	54,243	$	61,610	$	62,244		
					
REVENUES LESS EXPENDITURES	$	135,495	$	119,512	$	113,815		
					
Bond Payments	(122,659)	(120,996)	(120,996)	2026 Principal & Interest Payments	
					
BALANCE	$	12,836	$	(1,484)	$	(7,181)		
					
County Appraiser & Tax Collector Fee	(1,234)	(3,612)	(3,504)	Two Percent Of Total Tax Roll	
Discounts For Early Payments	(6,908)	(7,226)	(7,009)	Four Percent Of Total Tax Roll	
					
EXCESS/ (SHORTFALL)	$	4,694	$	(12,322)	$	(17,694)		
					
Carryover From Prior Year	0	12,322	17,694	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	4,694	$	-	$	-		

2/4/2025 12:45 PM	II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
4,580	
400	
750	
Projected Interest For 2025/2026	

NAV Tax Collection	
122,659	
120,996	
120,996	
Yearly Maximum Debt Assessment	

Total Revenues	
$	127,239	
$	121,396	
$	121,746		

EXPENDITURES					

Principal Payments	
90,000	
95,000	
95,000	
Principal Payment Due In 2026	

Interest Payments	
27,720	
24,255	
21,861	
Interest Payments Due In 2026	

Bond Redemption	
0	
2,141	
4,885	
Estimated Excess Debt Collections	

Total Expenditures	
$	117,720	
$	121,396	
$	121,746		

Excess/ (Shortfall)	
$	9,519	
$	-	
$	-		

Series 2017 Bond Refunding Information

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

Par Amount As Of 1/1/25 =	May 2035

$1,010,100			

2/4/2025 12:45 PM	III

High Ridge/Quantum Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2022/2023	2023/2024	2024/2025	2025/2026	
 Assessment* 	 Assessment* 	 Assessment* 	  Assessment*		Projected Assessment*	

O & M	

$	377.48	

$	369.57	

$	357.23	

$	335.00	

$	300.00	
Debt	$	957.28	$	830.45	$	830.45	$	830.45	$	830.45	
Total	$	1,334.76	$	1,200.02	$	1,187.68	$	1,165.45	$	1,130.45	

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
 Community Information:		 Total Units	155

2/4/2025 12:45 PM	IV