High Ridge/Quantum Community Development District Final Budget For Fiscal Year 2012/2013
CONTENTS I II III IV V FINAL OPERATING FUND BUDGET FINAL DEBT SERVICE FUND BUDGET ASSESSMENT COMPARISON DETAILED FINAL OPERATING FUND BUDGET DETAILED FINAL DEBT SERVICE FUND BUDGET
OPERATING FUND 2012/2013 REVENUES ANNUAL BUDGET Administrative Assessments 50,578 Debt Assessments 147,846 Other Revenues 0 Interest Income 240 TOTAL REVENUES $ 198,664 Supervisor Fees 5,000 Payroll Taxes (Employer) 400 Engineering 2,500 Management 18,408 Secretarial 3,000 Legal 7,000 Assessment Roll 3,000 Audit Fees 4,100 Arbitrage Rebate Fee 0 Insurance 5,500 Legal Advertisements 1,400 Miscellaneous 1,000 Postage 400 Office Supplies 500 Dues & Subscriptions 175 Trustee Fee 3,400 Continuing Disclosure Fee 1,000 TOTAL $ 56,783 REVENUES LESS $ 141,881 Payment To Trustee (138,975) BALANCE $ 2,906 County Appraiser & Tax Collector Fee (3,969) Discounts For Early Payments (7,937) EXCESS/SHORTFALL $ (9,000) Carryover From Prior Year 9,000 NET EXCESS/SHORTFALL $
DEBT SERVICE FUND 2012/2013 REVENUES ANNUAL BUDGET Interest Income 500 NAV Tax Collection 138,975 Total Revenues $ 139,475 Principal Payments 40,000 Interest Payments 99,475 Total Expenditures $ 139,475 Excess/Shortfall $
High Ridge/Quantum Community Development District Assessment Comparison Original Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Projected 2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 2011/2012 2012/2013 Assessment Assessment Assessment Assessment Assessment Assessment Assessment Projected Assessment Administrative $ 377.48 $ 315.44 $ 297.34 $ 294.79 $ 361.39 $ 338.24 $ 347.19 $ 326.31 Debt $ 957.28 $ 924.52 $ 937.29 $ 925.45 $ 920.47 $ 943.34 $ 934.33 $ 953.84 Total $ 1,334.76 $ 1,239.96 $ 1,234.63 $ 1,220.24 $ 1,281.86 $ 1,281.58 $ 1,281.52 $ 1,280.15 Includes 1% County Tax Collector Fee, a 1% County Property Appraiser Fee and a 4% discount for early payment of taxes. Note: There are 155 units in the High Ridge/Quantum Community Development District.
OPERATING FUND 2010/2011 2011/2012 2012/2013 REVENUES ACTUAL ANNUAL BUDGET ANNUAL BUDGET COMMENTS Administrative Assessments 53,170 53,814 50,578 Expenditures Less Interest & Carryover/.94 Debt Assessments 146,215 144,821 147,846 Payment To Trustee/.94 Other Revenues 0 0 0 Interest Income 187 300 240 Interest Projected At $20 Per Month TOTAL REVENUES $ 199,572 $ 198,935 $ 198,664 Supervisor Fees 2,200 6,000 5,000 Supervisor Fees Payroll Taxes (Employer) 291 480 400 Projected At 8% Of Supervisor Fees Engineering 0 2,500 2,500 No Change From 2011/2012 Budget Management 17,616 17,880 18,408 Includes Inflation Increase (Based On Consumer Price Index) Secretarial 3,000 3,000 3,000 No Change From 2011/2012 Budget Legal 5,864 7,000 7,000 No Change From 2011/2012 Budget Assessment Roll 3,000 3,000 3,000 As Per Contract Audit Fees 3,950 4,100 4,100 No Change From 2011/2012 Budget Arbitrage Rebate Fee 0 0 0 District Qualifies For Small User Exception Insurance 4,250 4,750 5,500 FY 2011/2012 Expenditure Was $5,250 Legal Advertisements 1,197 1,400 1,400 No Change From 2011/2012 Budget Miscellaneous 519 1,200 1,000 $200 Decrease From 2011/2012 Budget Postage 164 400 400 No Change From 2011/2012 Budget Office Supplies 224 500 500 No Change From 2011/2012 Budget Dues & Subscriptions 175 175 175 No Change From 2011/2012 Budget Trustee Fee 3,233 3,500 3,400 $100 Decrease From 2011/2012 Budget Continuing Disclosure Fee 1,000 1,000 1,000 No Change From 2011/2012 Budget TOTAL $ 46,683 $ 56,885 $ 56,783 REVENUES LESS $ 152,889 $ 142,050 $ 141,881 Payment To Trustee (138,644) (136,132) (138,975) 2013 Principal & Interest Payments Less Interest BALANCE $ 14,245 $ 5,918 $ 2,906 County Appraiser & Tax Collector Fee (365) (3,973) (3,969) Two Percent Of Total Tax Roll Discounts For Early Payments (7,016) (7,945) (7,937) Four Percent Of Total Tax Roll EXCESS/SHORTFALL $ 6,864 $ (6,000) $ (9,000) Carryover From Prior Year 0 6,000 9,000 Carryover Balance From Prior Years NET EXCESS/SHORTFALL $ 6,864 $ $
DEBT SERVICE FUND 2011/2012 2012/2013 REVENUES ANNUAL BUDGET ANNUAL BUDGET COMMENTS Interest Income 500 500 Projected Interest For FY 2012/2013 NAV Tax Collection 136,132 138,975 2013 Principal & Interest Payments Less Interest Total Revenues $ 136,632 $ 139,475 Principal Payments 35,000 40,000 Principal Payment Due In 2013 Interest Payments 101,632 99,475 Interest Payments Due In 2013 Total Expenditures $ 136,632 $ 139,475 Excess/Shortfall $ $