ANNUAL BUDGET 2007-2008
April 20, 2007
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QUANTUM COMMUNITY DEVELOPMENT DISTRICT
c/o SPECIAL DISTRICT SERVICES, INC.
2501 BURNS ROAD, SUITE A
PALM BEACH GARDENS, FLORIDA 33410
City Clerk
City of Boynton Beach
P.O. Box 310
Boynton Beach, FL 33425-0310
RE: Quantum Community Development District
To Whom It May Concern:
Pursuant to Florida Law, enclosed please find copies of the following:
Proposed Annual Budget Fiscal Year 2007/2008 (October 1, 2007-September 30, 2008)
If you have any questions and/or comments, please do not hesitate to contact us.
Sincerely,
SPECIAL DISTRICT SERVICES, INC.
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~Lkd;Kosler
District Support Specialist
Enclosures
F:\ACTIVE DISTRICTS (M thru Z)\CDD Quanrum'.,Q Record ofProceedings.Q Clerk ofClrcui\ CClunQ Cofe City of Boynton Bch Proposed Budget 2007-2008_doc
Quantum
Community Development District
Proposed Budget For
Fiscal Year 2007/2008
October 1, 2007 - SepteInber 30, 2008
CONTENTS
PROPOSED OPERATING FUND BUDGET
II PROPOSED 2002 LOAN DEBT SERVICE FUND BUDGET
III PROPOSED 2004 LOAN DEBT SERVICE FUND BUDGET
IV ASSESSMENT COMPARISON
V PROPOSED OPERATING FUND BUDGET
VI PROPOSED 2002 LOAN DEBT FUND BUDGET
VII PROPOSED 2004 LOAN DEBT FUND BUDGET
4/20/2007 3:36 PM
Q Proposed Budget Contents 2007-2008
PROPOSED BUDGET
QUANTUM COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND
FISCAL YEAR 2007/2008
October 1, 2007 . September 30,2008
FISCAL YEAR
2007/2008
CODE # REVENUES ANNUAL BUDGET
363.100 Administrative Assessments 38,416
363.810 Debt Assessments 2004 Loan 640,478
363.811 Debt Assessments 2002 Loan 256,202
369.400 Miscellaneous Income 0
369.401 Interest Income 480
TOTAL REVENUES $ 935,576
EXPENDITURES
511.131 Supervisor Fees 5,000
511.310 EnQineerinQ 0
511.311 ManaQement 8,916
511,312 Secretarial 0
511.315 Leaal 4,000
511.318 Assessment Roll 5,000
511.320 Audit Fees 6,500
511.450 Insurance 5,000
511.480 Leaal Advertisements 500
511.511 Bank Service CharQes 0
511.512 Miscellaneous 500
511.513 Postaae 500
511.514 Office Supplies 500
511.540 Dues & Subscriptions 175
511.736 Quantum Overlay Fundina 0
511.799 Quantum POA Expenses 0
TOTAL EXPENDITURES $ 36,591
EXCESS/SHORTFALL $ 898,985
363.821 Pavment To 2002 Loan Account -(240,830)
363.822 Payment To 2004 Loan Account (602,049)
BALANCE $ 56,106
363.830 Countv Appraiser & Tax Collector Fee (18,702)
363.831 Discounts For Early Payments (37,404)
NET EXCESS/SHORTFALL $ -
Quantum
Q Budgets
Q Budgets 2007-2008
o Proposed Budget 2007-2008
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4/20/2007 3:36 PM
PROPOSED BUDGET
QUANTUM COMMUNITY DEVELOPMENT DISTRICT
2002 LOAN DEBT SERVICE FUND
FISCAL YEAR 200712008
October 1, 2007 - September 30, 2008
FISCAL YEAR
2007/2008
CODE # REVENUES ANNUAL BUDGET
369.255 Interest Income 2,000
381.010 NAV Tax Collection 240,830
Total Revenues $ 242,830
EXPENDITURES
592.000 Principal Payments 181,543
591.000 Interest Payments 61,288
Total Expenditures $ 242,830
Excess/Shortfall $ -
Quantum
Q Budgets
Q Budgets 2007-2008
Q Proposed Budget 2007-2008
a 2002 Loan Debt Service Fund Budget 2007-2008
412012007 3:36 PM
PROPOSED BUDGET
QUANTUM COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND
FISCAL YEAR 2007/2008
October 1, 2007 - September 30, 2008
FISCAL YEAR FISCAL YEAR FISCAL YEAR
2005/2006 2006/2007 2007/2008
CODE # REVENUES ACTUAL ANNUAL BUDGET ANNUAL BUDGET COMMENTS
363.100 Administrative Assessments 145 870 40133 38.416 Exnendituresl.94
363.810 Debt Assessments 2004 Loan 641 709 641 604 640478 2008 pnncioal & Interest Pavrnents/94
363.811 Debt Assessments 2002 Loan 256 950 256 735 256 202 2008 Princioal & Interest Pavrnents/94
369.400 MisceUaneous Income 250 0 0
369.401 Interest Income 366 0 480 Proiected At $40 Per Montn
TOTAL REVENUES $ 1.045146 $ 938 472 $ 935 576
EXPENDITURES
511.131 Sunervisor Fees 4400 3000 5000 ~2 000 Increase From 200612007 Budoet
511.310 Enoineerinn 14651 0 o "vnenditures Now Resnonsibi"" Of Overtav District
511.311 Mananement 18068 8700 8916 Includes Inflation Increase (Based On Consumer Price Index!
511.312 Secretarial 1400 0 o Included In Mananement Fee
511.315 Lena! ?5 422 5000 4000 , 000 necre8s8 From 200612007 Bu""'el FY 06-07 r:~ endltures Throu h Mllrch 07 = C:86B
511.318 Assessment Roll 5000 5000 5000 As Per Contract
511.320 Audit Fees 8500 9000 6500 !l:2 500 Decrease From 200612007 Budnet
511.450 Insurance 5000 5000 5000 No Channe From 200612007 Budoet
511.480 enal Advertisements 2328 500 500 No Chanoe From 200612007 Budoet
511.511 Bank Service Charaes 12 0 o No Chanoe From 200612007 Budnet
511.512 I Miscellaneous 22 500 500 No Channe From 200617007 Budnet
511.513 postaae 384 750 500 <250 Decrease From 2006-?007 Budnet
511.514 Office Sunnlies 874 100 500 ~400 Increase From 2006-2007 Budoe!
511.540 Dues & Subscrtn~ons 175 175 175 No Chanoe From 200612007 Budoet
511.736 Ouantum Overtav Fund,nn 105000 0 o FY ?00512006 "vnenditure
511.799 nuantum POA "vnenses 64 799 0 o FY 2005/2006 "xnenditure
TOTAL EXPENDITURES $ 256 036 $ 37 725 $ 36 591
EXCESS/SHORTFALL $ 789110 $ 900 747 $ 898 985
363.821 Pavment To 2002 can Account /241331 /241331 /240 830 2008 Princioa! & Interest Pa'JlTlents Less Interest
363.822 Pa'JlTlent To 2004 Loan Account 1603159 1603 108 /6020491 2008 Princioal & Interest Pavrnents Less interest
BALANCE $ /55 380\ $ 56 308 $ 56106
363.830 Countv A.nnraiser & Tax Collector Fee 3454 (18769 '18702 Two Percent Of Total Tax Roll
363.831 Discounts For Ea"" Pa'JlTlents (40 842 (37 539 (37.4041 Four Percent Of Total Tax Roll
NET EXCESS/SHORTFALL $ (99 676) $ . $ -
Quantum
o Budgets
o Budgets 2007-2006
PROPOSED BUDGET
QUANTUM COMMUNITY DEVELOPMENT DISTRICT
2004 LOAN DEBT SERVICE FUND
FISCAL YEAR 2007/2008
october 1, 2007 - September 30, 2008
FISCAL YEAR FISCAL YEAR
2006/2007 2007/2008
CODE # REVENUES ANNUAL BUDGET ANNUAL BUDGET COMMENTS
369.256 Interest Income 4200 7200 Proiected Interest For FY 2007/2008
381.010 NA V Tax Collection 603 1 08 602 049 2008 Principal & Interest Payments Less Interest
Total Revenues $ 607 308 $ 609.249
EXPENDITURES
597.000 Principal Payments 412304 444 759 Princioal Payment Due In 2008
596 000 Interest Payments 195 004 164,490 Interest Payments Due In 2008
Total Expenditures $ 607.308 $ 609 249
Excess/Shortfall $ - $ -
Quantum
Q Budgets
Q Budgets 2007-2008
Q Proposed Budget 2007-2006
a 2004 loan Debl Service Fund Budget 2N,7 -2006
4/20/2007 3:36 PM
VI'
QUANTUM OVERLAY DEPENDENT DISTRICT
c/o SPECIAL DISTRICT SERVICES, INC.
2501 BURNS ROAD, SUITE A
PALM BEACH GARDENS, FLORIDA 33410
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City Clerk
City of Boynton Beach
P.O. Box 310
Boynton Beach, FL 33425-0310
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April 20, 2007
RE:
Quantum Overlay Dependent District
To Whom It May Concern:
Pursuant to Florida Law, enclosed please find copies of the following:
Proposed Annual Budget Fiscal Year 2007/2008 (October 1, 2007-September 30, 2008)
If you have any questions and/or comments, please do not hesitate to contact us.
Sincerely,
SPECI;~~ISTRICT SERVICES, INC.
,
///1 / /' ./'J
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Linda Kosier
District Support Specialist
Enclosures
F:\ACTIVE DISTRICTS (M thru Z)\CDD Quantum O\'erlay\QO Records ofProceedings\Clerk a.-Circuit Court""QOLD City of Boynton Bch Proposed Budget 2007-2008.doc
Quantum Park Overlay
Dependent District
Proposed Budget For
Fiscal Year 2007/2008
October 1, 2007 - September 30, 2008
CONTENTS
PROPOSED OPERATING FUND BUDGET
II ASSESSMENT COMPARISON
III DETAILED PROPOSED OPERATING FUND BUDGET
4/20/2007 3:38 PM
00 Proposed Budget Contents 2007-2008
"
PROPOSED BUDGET
QUANTUM PARK OVERLAY DEPENDENT DISTRICT
OPERATING FUND
FISCAL YEAR 2007/2008
October 1, 2007 - September 30, 2008
FISCAL YEAR
2007/2008
Code # REVENUES ANNUAL BUDGET
363_100 ADMINISTRATIVE ASSESSMENTS 127,263
363,810 DEBT ASSESSMENTS 0
366.001 QUANTUM CDD CONTRIBUTION 0
366.000 DEVELOPER CONTRIBUTION 0
369.400 OTHER 0
369.401 INTEREST INCOME 720
TOTAL REVENUES $ 127,983
EXPENDITURES
511.131 SUPERVISORS FEES 10,000
511.310 ENGINEERINGIINSPECTIONS 30,000
511.311 MANAGEMENT 27,672
511.315 LEGAL 30,000
511.318 ASSESSMENT ROLL 7,500
511.319 METHODOLOGY REPORT 0
511.320 AUDIT FEES 4,500
511.450 INSURANCE 5,000
511.480 LEGAL ADVERTISING 2,500
511.512 MISCELLANEOUS 1,000
511.513 POSTAGE 1,000
511.514 OFFICE SUPPLIES 1,000
511.540 DUES & SUBSCRIPTIONS 175
TOTAL EXPENDITURES $ 120,347
EXCESS/SHORTF ALL $ 7,636
363.820 PAYMENT TO TRUSTEE 0
BALANCE $ 7,636
363.830 COUNTY APPRAISER & TAX COLLECTOR FEE (2,545)
363.831 DISCOUNTS FOR EARLY PAYMENTS (5,091)
NET EXCESS/SHORTFALL $ -
Quantum Par1\. Overtay
aD Budgets
aD Budgets 2007.2008
00 Proposed Budget 2007-2008
aD Proposed Oper.lti"g Fund Budge!
4!20J20Q7 3:38 PM
Quantum Park Overlay Dependent District
Acreage Assessment Comparison
Original Fiscal Year Fiscal Year
Projected 2006/2007 2007/2008
Assessment Assessment Projected Assessment
Per Acre Per Acre Per Acre
Administrative $ - $ 389.91 $ 389.75
Maintenance $ - $ - $ -
Debt $ - $ - $ -
Total $ - $ 389.91 $ 389.75
*Per acreage rate includes 1 % County Tax Collector Fee, a 1 % County Property Appraiser Fee and
and a 4% discount for early payment of taxes.
Note: There are 326.52 Assessable Acres in the Quantum Park Overlay Dependent District
Quantum Park Overlay
QO Budgets
QO Budgets 2007-2008
QO Proposed Budget 2007-2008
QO Assessmment Comparison
II
4/20/2007 338 PM
PROPOSED BUDGET
QUANTUM PARK OVERLAY DEPENDENT DISTRICT
OPERATING FUND
FISCAL YEAR 2007/2008
October 1, 2007 - September 30,2008
FISCAL YEAR FISCAL YEAR FISCAL YEAR
2005/2006 2006/2007 2007/2008
Code # REVENUES ACTUAL ANNUAL BUDGET ANNUAL BUDGET COMMENTS
363.100 ADMINISTRATIVE ASSESSMENTS 0 127,314 127,263 Exoenditures Less InteresV.94
363.810 DEBT ASSESSMENTS 0 0 0
366.001 QUANTUM CDD CONTRIBUTION 105,000 0 0
366.000 DEVELOPER CONTRIBUTION 0 0 0
369,400 OTHER 0 0 0
369.401 INTEREST INCOME 734 0 720 Projected At $60 Per Month
TOTAL REVENUES $ 105734 $ 127314 $ 127 983
EXPENDITURES
511.131 SUPERVISORS FEES 3,800 6,000 10,000 $4,000 Increase From 2006-2007 BudQet
511.310 ENGINEERINGIINSPECTIONS 19,362 30 000 30 000 No Chanoe From 2006/2007 Budoet
511.311 MANAGEMENT 20,250 27 000 27 672 Includes Inflation Increase (Based On Consumer Price Index)
511.315 LEGAL 19430 30,000 30,000 No Chanoe From 2006/2007 Budoet
511.318 ASSESSMENT ROLL 7500 7,500 7,500 As Per Contract
511.319 METHODOLOGY REPORT 15000 0 o FY 2005/2006 Exoenditure
511.320 AUDIT FEES 0 6000 4,500 $1,500 Reduction From 2006-2007 Budaet
511,450 INSURANCE 3,750 5,000 5,000 No Chanoe From 2006/2007 BudQet
511,480 LEGAL ADVERTISING 5.465 5000 2500 $2,500 Reduction From 2006-2007 Budaet
511.512 MISCELLANEOUS 45 1,000 1,000 No Chanoe From 2006/2007 BudQet
511.513 POSTAGE 480 1000 1,000 No Channe From 2006/2007 Budaet
511.514 OFFICE SUPPLIES 1,184 1,000 1,000 No Chanoe From 2006/2007 Budoet
511.540 DUES & SUBSCRIPTIONS 150 175 175 No Channe From 2006/2007 Budoe!
TOTAL EXPENDITURES $ 96,416 $ 119675 $ 120 347
EXCESS/SHORTFALL $ 9319 $ 7639 $ 7636
363.820 PAYMENT TO TRUSTEE 0 0 0
BALANCE $ 9,319 $ 7639 $ 7636
363.830 COUNTY APPRAISER & TAX COLLECTOR FEE 0 12.546 (2,545 Two Percent Of Total Tax Roll
363.831 DISCOUNTS FOR EARLY PAYMENTS 0 (5,093 (5.091 Four Percent Of Total Tax Roll
NET EXCESS/SHORTFALL $ 9319 $ $
Quantum Park Overlay
QOBudgets
ao Budgets 2007-2008
ao Proposed Budget 200i -2008
aD Proposed Operating Fund Budget
III
4/20/2007 3:38 PM