High Ridge/Quantum Community Development District

Final Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

FINAL BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027
BUDGET

O & M Assessments

40,298

Debt Assessments

128,719

Other Revenues

0

Interest Income

960

TOTAL REVENUES

$	169,977

EXPENDITURES

Supervisor Fees

5,000

Payroll Taxes (Employer)

400

Engineering

1,500

Management

24,480

Secretarial

3,000

Legal

7,000

Assessment Roll

3,000

Audit Fees

3,400

Insurance

7,800

Legal Advertisements

1,350

Miscellaneous

500

Postage

150

Office Supplies

350

Dues & Subscriptions

175

Trustee Fee

3,200

Website Management

2,000

TOTAL EXPENDITURES

$	63,305

REVENUES LESS EXPENDITURES

$	106,672

Bond Payments

(120,996)

BALANCE

$	(14,324)

County Appraiser & Tax Collector Fee

(3,380)

Discounts For Early Payments

(6,761)

EXCESS/ (SHORTFALL)

$	(24,465)

Carryover From Prior Year

24,465

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

O & M Assessments

52,317

46,500

40,298

Expenditures Less Interest & Carryover/.94

Debt Assessments

128,720

128,719

128,719

Bond Payments/.94

Other Revenues

0

0

0

Interest Income

3,886

840

960

Interest Projected At $80 Per Month

TOTAL REVENUES

$	184,923

$	176,059

$	169,977

EXPENDITURES

Supervisor Fees

2,600

5,000

5,000

Supervisor Fees

Payroll Taxes (Employer)

199

400

400

Projected At 8% Of Supervisor Fees

Engineering

0

1,500

1,500

No Change From 2025/2026 Budget

Management

23,160

23,844

24,480

CPI Adjustment

Secretarial

3,000

3,000

3,000

No Change From 2025/2026 Budget

Legal

6,293

7,000

7,000

No Change From 2025/2026 Budget

Assessment Roll

3,000

3,000

3,000

As Per Contract

Audit Fees

3,200

3,300

3,400

Approved Amount For 2025/2026 Audit

Insurance

6,858

7,400

7,800

Fiscal Year 2025/2026 Expenditure Was $7,269

Legal Advertisements

408

1,400

1,350

$50 Decrease From 2025/2026 Budget

Miscellaneous

291

525

500

$25 Decrease From 2025/2026 Budget

Postage

22

150

150

No Change From 2025/2026 Budget

Office Supplies

203

350

350

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

3,180

3,200

3,200

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

TOTAL EXPENDITURES

$	54,589

$	62,244

$	63,305

REVENUES LESS EXPENDITURES

$	130,334

$	113,815

$	106,672

Bond Payments

(122,782)

(120,996)

(120,996)

2027 Principal & Interest Payments

BALANCE

$	7,552

$	(7,181)

$	(14,324)

County Appraiser & Tax Collector Fee

(1,172)

(3,504)

(3,380)

Two Percent Of Total Tax Roll

Discounts For Early Payments

(6,640)

(7,009)

(6,761)

Four Percent Of Total Tax Roll

EXCESS/ (SHORTFALL)

$	(260)

$	(17,694)

$	(24,465)

Carryover From Prior Year

0

17,694

24,465

Carryover Balance From Prior Years

NET EXCESS/ (SHORTFALL)

$	(260)

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET
HIGH RIDGE/QUANTUM COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$915,000

III

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

4,435

750

750

Projected Interest For 2026/2027

NAV Tax Collection

122,782

120,996

120,996

Yearly Maximum Debt Assessment

Total Revenues

$	127,217

$	121,746

$	121,746

EXPENDITURES

Principal Payments

95,000

95,000

75,000

Principal Payment Due In 2027

Interest Payments

25,452

21,861

44,994

Interest Payments Due In 2027

Bond Redemption

0

4,885

1,752

Estimated Excess Debt Collections

Total Expenditures

$	120,452

$	121,746

$	121,746

Excess/ (Shortfall)

$	6,765

$	-

$	-

High Ridge/Quantum Community Development District Assessment Comparison

Fiscal Year 2022/2023
 Assessment* 

Fiscal Year 2023/2024
 Assessment* 

Fiscal Year 2024/2025
 Assessment* 

Fiscal Year
2025/2026

Fiscal Year
2026/2027

Assessment*

Projected Assessment*

O & M
Debt

$

369.57

$

357.23

$

335.00

$

300.00

$

260.00

 $	830.45

 $	830.45

 $	830.45

 $	830.45

 $	830.45

Total

$

1,200.02

$

1,187.68

$

1,165.45

$

1,130.45

$

1,090.45

* Assessments Include the Following :

4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

 Community Information:	

Total Units

155

IV