High Ridge/Quantum Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

.
Notes
Carryover From Prior Year Of $12,322 was used to reduce Fiscal Year 2024/2025 Assessments.
$17,694 Of Fund Balance To Be Used To Reduce 2025/2026 Assessments.

I

8/28/2025 8:16 AM

$103,407

($5,200)

$98,207

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

O & M Assessments

51,923

52,317

52,317

Debt Assessments

128,719

128,720

128,720

Other Revenues

0

0

0

Interest Income

480

3,400

3,335

TOTAL REVENUES

$	181,122

$	184,437

$	184,372

EXPENDITURES

Supervisor Fees

5,000

3,000

2,000

Payroll Taxes - Employer

400

243

153

Engineering/Inspections

1,500

1,000

0

Management

23,160

23,160

21,230

Secretarial

3,000

3,000

2,750

Legal

7,000

7,000

5,205

Assessment Roll

3,000

3,000

0

Audit Fees

3,500

3,200

3,200

Insurance

7,200

6,858

6,858

Legal Advertisements

1,400

1,400

408

Miscellaneous

575

450

238

Postage

150

35

22

Office Supplies

350

250

200

Dues & Subscriptions

175

175

175

Trustee Fee

3,200

3,180

3,180

Website Management

2,000

2,000

1,834

TOTAL EXPENDITURES

$	61,610

$	57,951

$	47,453

REVENUES LESS EXPENDITURES

$	119,512

$	126,486

$	136,919

Bond Payments

(120,996)

(122,782)

(122,782)

BALANCE

$	(1,484)

$	3,704

$	14,137

County Appraiser & Tax Collector Fee

(3,612)

(2,264)

(2,264)

Discounts For Early Payments

(7,226)

(6,640)

(6,640)

EXCESS/ (SHORTFALL)

$	(12,322)

$	(5,200)

$	5,233

Carryover From Prior Year

12,322

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	(5,200)

$	5,233

AMENDED FINAL BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $15,000*. Revenue Fund Balance = $76,237*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $11,529.
* Approximate Amounts

Series 2017 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$1,680,000 2.52% - 5.75%
January 2017
May 2035

Annual Principal Payments Due = May 1st
Annual Interest Payments Due =
May 1st & November 1st

Par Amount As Of 9/30/25 =

$915,000

II

8/28/2025 8:16 AM

$88,122

$3,115

$91,237

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

400

4,100

3,877

NAV Tax Collection

120,996

119,467

119,467

Total Revenues

$	121,396

$	123,567

$	123,344

EXPENDITURES

Principal Payments

95,000

95,000

95,000

Interest Payments

24,255

25,452

25,452

Bond Redemption

2,141

0

0

Total Expenditures

$	121,396

$	120,452

$	120,452

Excess/ (Shortfall)

$	-

$	3,115

$	2,892