Silverleaf
Community Development District
3501 Quadrangle Boulevard, Suite 270 | Orlando, FL 32817
Phone: 407-723-5900, Fax: 407-723-5901
www.silverleafcdd.com

The meeting of the Board of Supervisors for the Silverleaf Community Development District will be held Monday, May 15, 2023, at 1:00 p.m. located at 3805 Shimmering Oaks Drive, Bradenton, FL 34202. The following is the proposed agenda for this meeting.

Call in number: 1-844-621-3956 Passcode: 792 560 599 #
BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Call to Order
Roll Call
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]

General Business Matters

Consideration of the Minutes of the April 3, 2023, Board of Supervisors Meeting
Consideration of Resolution 2023-04, Approving a Preliminary Budget for Fiscal Year 2024, and Setting a Public Hearing Date [Suggested Date of August 7, 2023]
Discussion Pertaining to Annual Wetland Mitigation Services
Ratification of Payment Authorization #188 – 190
Review of District Financial Statements

Other Business

Staff Reports
District Counsel
District Engineer
District Manager
Audience Comments
Supervisors Requests

Adjournment

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT

Minutes of the April 3, 2023, Board of Supervisors Meeting

MINUTES OF MEETING

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS MEETING MINUTES
Monday, April 3, 2023, at 1:00 p.m. 3805 Shimmering Oaks Dr Parrish, FL 34202

Board Members in attendance via conference call or in person:

Paul Gressin
Lawrence Powell	Chairperson
Vice Chairperson		
Jackie Miller Timothy Abramski	Assistant Secretary Assistant Secretary		
Jonathan Decker	Assistant Secretary	(via phone)	
Also present via conference call or in person:	
Vivian Carvalho	PFM Group Consulting LLC	(via phone)	
Venessa Ripoll	PFM Group Consulting LLC
Jorge Jimenez	PFM Group Consulting LLC	
(via phone)	
Rick Montejano Alan Rayl Jennifer Kilinski	PFM Group Consulting LLC Rayl Engineering
Kilinski Van Wyk	(via phone) (via phone)	
Grace Kobitter	Kilinski Van Wyk		
Two Audience Members

FIRST ORDER OF BUSINESS	Organizational Matters Call to Order and Roll Call
The Board of Supervisors’ Meeting of the Silverleaf Community Development District was called to order at 1:00 p.m. Ms. Ripoll proceeded with roll call and confirmed quorum to proceed with the meeting. Those in attendance are outlined above either in person or via speakerphone.

Public Comment Period

There were no members of the public present.

SECOND ORDER OF BUSINESS	General Business Matters

Consideration of the Minutes of the March 13, 2023, Board of Supervisors Meeting

The Board reviewed the Minutes of the March 13, 2023, Board of Supervisors’ Meeting.

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ON MOTION by Mr. Powell, seconded by Mr. Abramski, with all in favor, the Board approved the Minutes of the March 13, 2023, Board of Supervisors Meeting.

Discussion Pertaining to Annual Wetland Mitigation Services

Ms. Ripoll stated that she will work with Ms. Kobitter to have a discussion with Mr. Rayl concerning the annual wetland mitigation services.

Ratification of Payment Authorization #187

The Board reviewed Payment Authorization #187

ON MOTION by Mr. Gressin, seconded by Mr. Powell, with all in favor, the Board ratified Payment Authorization #187.

Ms. Ripoll asked Mr. Montejano concerning the compensation checks and when they were sent out. Mr. Montejano confirmed that they were sent out on March 29.

THIRD ORDER OF BUSINESS	Other Business	
		Staff Reports	
District Counsel-	No report.		

District Engineer-	Mr. Rayl stated that he has been reviewing public records regarding
stormwater ponds, permits and their status, and has been getting up to speed with the community. He expects to have the status of the pond permit at the next meeting. Mr. Gressin asked if he could provide an evaluation on ponds 20, 21, and 22. It was stated that District Engineering services were advertised for in the previous month. It was noted that the Board received and reviewed two proposals and opted to go with Rayl Engineering as the most qualified. The difference between pond maintenance and District engineering was detailed. The pond maps will be sent to Jackie and an email blast will be sent out concerning yard debris in the ponds. Some residents had questions concerning the difference between the CDD and the HOA to where Mr. Gressin explained that the ponds, wetlands, and drainage are the responsibility of the CDD.

2 | P age 

District Manager-	Ms. Ripoll noted that the next meeting will be held May 15, 2023, at
1:00 p.m. at the same location.

FOURTH ORDER OF BUSINESS	Adjournment

There were no additional comments from the Board.

ON MOTION by Ms. Miller, seconded by Mr. Powell, with all in favor, the April 3, 2023, Meeting of the Board of Supervisors of the Silverleaf Community Development District was adjourned at 1:21 p.m.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

3 | P age 

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT

Resolution 2023-04,
Approving a Preliminary Budget for Fiscal Year 2024 and Setting a Public Hearing Date [Suggested Date of August 7, 2023]

RESOLUTION 2023-

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2023/2024 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Silverleaf Community Development District (“District”) prior to June 15, 2023, proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2023, and ending September 30, 2024 (“Fiscal Year 2023/2024”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2023/2024 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:		, 2023

HOUR:		

LOCATION:		

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL-
PURPOSE GOVERNMENTS. The District Manager is hereby directed to submit a copy of the Proposed Budget to Manatee County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET.  In accordance with Section 189.016,
Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget

on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 15th DAY OF MAY, 2023.

ATTEST:	SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	

Exhibit A: Proposed Budget

Exhibit A Proposed Budget

[See following pages]

Silverleaf CDD
FY 2024 Proposed O&M Budget

Year To Date

Actual through	Anticipated Apr-	Anticipated					
3/31/23	Sep	Total FY23		Adopted
Budget		Proposed
Budget	

$	133,504.36	
$	16,770.64	$	150,275.00		
$ 150,275.00		
$ 150,275.00	
7,400.52	7,400.52	14,801.04		-		-	
293,602.46	-	-		153,309.61		195,561.78	
$	434,507.34	$	24,171.16	$	165,076.04		$ 303,584.61		$ 345,836.78	

$	4,800.00	
$	6,000.00	$	10,800.00		
$	12,000.00		
$	12,000.00	
3,098.00	-	3,098.00		3,300.00		3,300.00	
7,483.62	5,866.38	13,350.00		13,350.00		13,350.00	
19,249.98	19,250.02	38,500.00		38,500.00		42,350.00	
657.00	7,500.00	8,157.00		15,000.00		15,000.00	
3,750.00	7,500.00	11,250.00		15,000.00		15,000.00	
11,932.75	3,067.25	15,000.00		15,000.00		15,000.00	
12,500.00	-	12,500.00		12,500.00		12,500.00	
1,625.00	-	1,625.00		750.00		750.00	
4,600.00	5,500.00	10,100.00		5,250.00		5,250.00	
-	-	-		1,000.00		1,000.00	
34.52	165.48	200.00		200.00		200.00	
727.74	772.26	1,500.00		1,500.00		1,500.00	
-	-	-		180.00		-	
-	250.00	250.00		500.00		500.00	
125.00	125.00	250.00		250.00		250.00	
540.00	2,280.00	2,820.00		2,820.00		2,820.00	
175.00	-	175.00		175.00		175.00	
19,149.05	16,635.50	35,784.55		4,000.00		19,962.60	
116.55	2,000.00	2,116.55		-		2,000.00	
-	55,235.58	55,235.58		107,316.73		121,750.43	
3,787.00	-	3,787.00		4,000.00		4,000.00	
-	5,000.00	5,000.00		5,000.00		5,000.00	
-	19,300.00	19,300.00		45,992.88		52,178.75	
$	94,351.21	$	156,447.47	$	250,798.68		$ 303,584.61		$ 345,836.78	
 $	94,351.21 	 $	156,447.47 	 $	250,798.68 		 $ 303,584.61 		 $ 345,836.78 	
$	340,156.13		$	(132,276.31)	$	(85,722.64)		$	-		$	-	

FY 2023	FY 2024

Revenues
On-Roll Assessments Off-Roll Assessments Carry Forward Revenue
Net Revenues

General & Administrative Expenses
Supervisor Fees
Public Officials' Insurance Trustee Services Management Engineering
Disclosure District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage
Postage & Shipping Legal Advertising Bank Fees Miscellaneous Office Supplies
Web Site Maintenance Dues, Licenses, and Fees
Wetland Maintenance Reserve Wetlands Monitoring Stormwater Management General Insurance
General Repair & Maintenance Hardscape Maintenance
Total General & Administrative Expenses

Total Expenses

Net Income (Loss)

FY 2024 Proposed (net)
FY 2024 Proposed (gross)	205.57
221.04	
		
FY 2023 Adopted (net)
FY 2023 Adopted (gross)	205.57
221.04	
		
Increase / (Decrease) (net)
Increase / (Decrease) (gross)	-
-	

Silverleaf CDD
FY 2024 Proposed Debt Service Budgets

REVENUES:	Proposed Series 2014A-1 FY 2024
Budget	Proposed Series 2014A-2 FY 2024
Budget	Proposed Series 2018A-1 FY 2024
Budget	Proposed Series 2018A-2 FY 2024
Budget	Proposed Series 2019A-1 FY 2024
Budget	Proposed Series 2019A-2 FY 2024
Budget	
Special Assessments	$	55,712.50	$	227,481.25	$	218,515.00	$	47,317.50	$	222,387.50	$	19,980.00	
TOTAL REVENUES	 $	55,712.50 	 $	227,481.25 	 $	218,515.00 	 $	47,317.50 	 $	222,387.50 	 $	19,980.00 	

EXPENDITURES:		
Interest 11/01/2023	$	15,350.00		$	62,943.75		$	59,855.00		$	12,537.50		$	61,112.50		$	5,040.00	
Interest 05/01/2024	15,350.00		62,943.75		59,855.00		12,537.50		61,112.50		5,040.00	
Principal 05/01/2024	10,000.00		40,000.00		40,000.00		10,000.00		40,000.00		5,000.00	

TOTAL EXPENDITURES	
 $	40,700.00 		
 $	165,887.50 		
 $	159,710.00 		
 $	35,075.00 		.
 $	162,225.00 		
 $	15,080.00 	

EXCESS REVENUES	

 $	15,012.50 		

 $	61,593.75 		

 $	58,805.00 		

 $	12,242.50 		

 $	60,162.50 		

 $	4,900.00 	

Interest 11/01/2024	

$	15,012.50		

$	61,593.75		

$	58,805.00		

$	12,242.50		

$	60,162.50		

$	4,900.00	

Phase 1					
27' Lots	221.04	462.70	$	683.74	
37' Lots	221.04	634.08	$	855.12	
45' Lots	221.04	771.17	$	992.21	
52' Lots	221.04	891.13	$	1,112.17	
Phase 2					
27' Lots	221.04	555.83	$	776.87	
45' Lots	221.04	926.39	$	1,147.43	
52' Lots	221.04	891.13	$	1,112.17	
Phase 3					
52' Lots	221.04	891.13	$	1,112.17	
Phase 4					
45' Lots	221.04	926.39	$	1,147.43	
52' Lots	221.04	891.13	$	1,112.17	
Phase 5					
52' Lots	221.04	891.13	$	1,112.17	

Unit Type	O&M* 
Assessment 	Debt 
Assessment 	
Total (Gross)	
	(Gross)	(Gross)		

O&M = Operations and Maintenance

Silverleaf Community Development District FY 2024
Proposed Assessment Schedule

Silverleaf CDD Budget Item Descriptions
FY 2023 – 2024

Revenues

On-Roll Assessments

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. Assessments collected via the tax collector are referred to as “On-Roll Assessments.”

Carryforward Revenue

Anticipated unused income from a prior year which is available as cash for the current year.

General & Administrative Expenses

Supervisor Fees

Chapter 190 of the Florida Statutes allows for a member of the Board of Supervisors to be compensated for meeting attendance and to receive up to $200.00 per meeting plus payroll taxes. The amount for the Fiscal Year is based upon all supervisors attending the meetings.

Public Officials’ Insurance

Supervisors’ and Officers’ liability insurance.

Trustee Services

The Trustee submits invoices annually for services rendered on bond series. These fees are for maintaining the district trust accounts.

Management

The District receives Management and Administrative services as part of a Management Agreement with PFM Group Consulting, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Engineering

The District’s engineer provides general engineering services to the District. Among these services are attendance at and preparation for monthly board meetings, review of invoices, and all other engineering services as requested by the district throughout the year.

Page 1 of 3

Silverleaf CDD Budget Item Descriptions
FY 2023 – 2024

Disclosure

When bonds are issued for the District, the Bond Indenture requires continuing disclosure, which the dissemination agent provides to the trustee and bond holders.

District Counsel

The District’s legal counsel provides general legal services to the District. Among these services are attendance at and preparation for monthly board meetings, review of operating and maintenance contracts, and all other legal services as requested by the District throughout the year.

Assessment Administration

The District can levy a Non-Ad Valorem assessment on all the assessable property within the District in order to pay for the operating expenditures during the Fiscal Year. It is typically collected via the Tax Collector. The District Manager submits an Assessment Roll to the Tax Collector annually by the deadline set by the Tax Collector or Property Appraiser.

Reamortization Schedules

When debt is paid on a bond series, a new amortization schedule must be recalculated. This can occur up to four times per year per bond issue.

Audit

Chapter 218 of the Florida Statutes requires a District to conduct an annual financial audit by an Independent Certified Public Accounting firm. Some exceptions apply.

Arbitrage Calculation

To ensure the District's compliance with all tax regulations, annual computations are necessary to calculate an arbitrage rebate liability

Postage & Shipping

Mail, overnight deliveries, correspondence, etc.

Legal Advertising

The District will incur expenditures related to legal advertising. The items for which the District will advertise include, but are not limited to, monthly meetings, special meetings, and public hearings for the District.

Miscellaneous

Other general & administrative expenses incurred throughout the year.

Office Supplies

General office supplies associated with the District.

Page 2 of 3

Silverleaf CDD Budget Item Descriptions
FY 2023 – 2024

Web Site Maintenance Website maintenance fee. Dues, Licenses & Fees
The District is required to pay an annual fee to the Department of Economic Opportunity.

Wetlands Maintenance Reserve Reserve for wetlands maintenance. Wetlands Monitoring
Aeration meter.

Stormwater Management

Expenses related to the effort to reduce runoff of rainwater into streets and lawns. Funds from the Carryforward Surplus are anticipated to be used towards this expense.

General Insurance

General liability insurance.

General Repair & Maintenance

Repair & maintenance of District equipment, plant, or property.

Hardscape Maintenance

Expenses related to the purchase or maintenance of hard, yet “movable,” parts of landscape, such gravel, paving, and stones. Funds from the Carryforward Surplus are anticipated to be used towards this expense.

Page 3 of 3

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT

Annual Wetland Mitigation Services Discussion

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT

Payment Authorizations #188 – 190

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization #188	
3/29/2023					
Item	Payee		General	
No.		Invoice		Fund	

1	
FPL				
	Utilitiy Payment 54780-086159	2023.0300	$	29.28	
2	Kilinski Van Wyk, PLLC				
	District counsel services as of 02/28/23	6214	$	366.50	
3	McClatchy Company				
	Legal Advertising on 02/13/2023 (Ad: IPL010938	181363	$	222.30	
4	PFM Group Consulting				
	District Mgmt Fees - Mar 2023	DM-03-2023-44	$	3,208.33	
5	Supervisor Fees - 3/13/2023 Meeting				
	Timothy Abramski	2023.03.13	$	200.00	
	Jonathan Decker	2023.03.13	$	200.00	
	Jackie Miller	2023.03.13	$	-	
	Paul Gressin	2023.03.13	$	200.00	
	Lawrence Powell	2023.03.13	$	200.00	
6	US Bank				
	Administration Fees 2/1/23-1/31/24 (2019)	6837168	$	4,031.25	

TOTAL	$8,657.66

Secretary / Assistant Secretary	Chairman / Vice Chairman

Silverleaf CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

Rick Montejano

From:	Paul Gressin <paulgressin@icloud.com>
Sent:	Wednesday, March 29, 2023 9:30 AM
To:	Rick Montejano
Subject:	Re: PA 188

 ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment	 Payment to Board members approved

On Mar 29, 2023, at 9:18 AM, Rick Montejano <montejanor@pfm.com> wrote: Morning Paul –
Thanks for catching that. Attached is the revised PA 188. We will cut these checks today. Rick

From: Paul Gressin <paulgressin@icloud.com>
Sent: Tuesday, March 28, 2023 4:48 PM
To: Rick Montejano <montejanor@pfm.com>
Subject: Re: PA 188

 ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment	 Attached are approved but where are the payments to the CDD board
Sent from my iPhone

On Mar 28, 2023, at 4:25 PM, Rick Montejano <montejanor@pfm.com> wrote: Hi Paul –

Attached is the latest payment authorization for review and approval of payment. Thanks,
Rick Montejano District Accountant
PFM Group Consulting LLC 407.723.5900 ext. 5951
3501 Quadrangle Blvd., Suite 270 | Orlando, FL 32817 MontejanoR@pfm.com

1

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization #189	
4/13/2023					
Item	Payee		General	
No.		Invoice		Fund	

1	
FPL				
	Utilitiy Payment 54780-086159	2023.0300	$	29.45	
2	McClatchy Company				
	Legal Advertising on 03/06/2023 (Ad: IPL010938	186933	$	147.42	
3	Supervisor Fees - 4/03/2023 Meeting				
	Timothy Abramski	2023.04.03	$	200.00	
	Jonathan Decker	2023.04.03	$	200.00	
	Jackie Miller	2023.04.03	$	200.00	
	Paul Gressin	2023.04.03	$	200.00	
	Lawrence Powell	2023.04.03	$	200.00	
4	US Bank				
	Administration Fees 3/1/23-2/29 (2018)	6868945	$	4,040.63	

TOTAL	$5,217.50

Secretary / Assistant Secretary	Chairman / Vice Chairman

Silverleaf CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

Rick Montejano

From:	Paul Gressin <paulgressin@icloud.com>
Sent:	Thursday, April 13, 2023 10:47 AM
To:	Rick Montejano
Subject:	Re: PA 189

Follow Up Flag:	Follow up
Flag Status:	Flagged

 ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment	

Attachéd payment requests are approved. Please see that CDD board payments are processed promptly. Last months checks came after following months meeting. Thank you

Sent from my iPhone
On Apr 13, 2023, at 10:18 AM, Rick Montejano <montejanor@pfm.com> wrote: Morning Paul –

Attached is the latest payment authorization for review and approval of payment. Thanks,
Rick Montejano District Accountant
PFM Group Consulting LLC 407.723.5900 ext. 5951
3501 Quadrangle Blvd., Suite 270 | Orlando, FL 32817 MontejanoR@pfm.com

<Silverleaf PA #189.pdf>

1

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization #190	
4/24/2023					
Item	Payee		General	
No.		Invoice		Fund	

1	
Kilinski Van Wyk, PLLC				
	District counsel services as of 03/30/23	6356	$	3,563.50	
2	PFM Group Consulting				
	District Mgmt Fees - Apr 2023	DM-04-2023-45	$	3,208.33	
3	VGlobalTech				
	Quarterly ADA	4560	$	300.00	
	Quarterly ADA	4889	$	300.00	
	Website Maintenance - Feb 2023	4758	$	135.00	
	Website Maintenance - Mar 2023	4830	$	135.00	
	Website Maintenance - Apr 2023	4970	$	135.00	

TOTAL	$7,776.83

Secretary / Assistant Secretary	Chairman / Vice Chairman

Silverleaf CDD
c/o PFM Group Consulting
3501 Quadrangle Boulevard, Ste. 270
Orlando, FL 32817
MontejanoR@pfm.com // (407) 723-5951

Rick Montejano

From:	Paul Gressin <paulgressin@gmail.com>
Sent:	Tuesday, April 25, 2023 10:03 AM
To:	Rick Montejano
Subject:	Re: AP 190

 ALERT: This message is from an external source.BE CAUTIOUS before clicking any link or attachment	

Payment authorized as itemized. Our attorney seems to be overly involved resulting in high billing. See if anything can be done to limit their actions to items that require their input.

Paul Gressin

On Apr 25, 2023, at 9:46 AM, Rick Montejano <montejanor@pfm.com> wrote:

<Silverleaf PA #190.pdf>

1

SILVERLEAF COMMUNITY DEVELOPMENT DISTRICT

District Financial Statements

Current Assets
General Checking Account Assessments Receivable Prepaid Expenses Deposits
Assessment Receivable - Off Roll Assessments Receivable
Debt Service Reserve 2014A1 Revenue Account 2014A Revenue Account 2019A1 Prepayment Acct. 2019A2 Prepayment Acct. 2019A1 Debt Service Reserve 2019A1 Prepayment Acct. 2014A1 Sinking Fund 2019A1
Sinking Fund 2019A2 Assessment Receivable - Off Roll Debt Service Reserve 2014A2 Prepayment Account 2014A2 Sinking Fund 2014A2
Revenue 2018A Bond Sinking Fund 2018A1 Bond Prepayment 2018A1 Bond
Debt Service Reserve 2018A1 Bond Prepayment 2018A2 Bond Assessments Receivable Assessment Receivable - Off Roll
Total Current Assets

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments

Total Assets

Silverleaf CDD
Statement of Financial Position As of 3/31/2023

General Fund

$328,688.09 16,770.64
1,343.75
167.00
7,400.52

$354,370.00	Debt Service -	Debt Service -
2014A1, 2019	2014A2

Assets

$78,591.79 23,187.50
450,000.87
356,126.12
106,663.14
108,188.75
86,296.87
3,224.48
0.02
0.02
87,412.22
$84,318.75 1,327.09
0.01

 
$1,299,691.78	$85,645.85	Debt Service - 2018

$252,771.48
0.01
1,081.43
79,750.00
2,745.81
18,965.84
10,252.98

$365,567.55	Construction Fund - 2014,
2019

$0.00	Long Term Debt Group

$0.00	
Total

$328,688.09 16,770.64
1,343.75
167.00
7,400.52
78,591.79
23,187.50
450,000.87
356,126.12
106,663.14
108,188.75
86,296.87
3,224.48
0.02
0.02
87,412.22
84,318.75
1,327.09
0.01
252,771.48
0.01
1,081.43
79,750.00
2,745.81
18,965.84
10,252.98

$2,105,275.18	

$0.00

$354,370.00	

$0.00

$1,299,691.78	

$0.00

$85,645.85	

$0.00

$365,567.55	

$0.00

$0.00	

$1,555,682.35 6,004,317.65

$7,560,000.00

$7,560,000.00	

$1,555,682.35 6,004,317.65

$7,560,000.00

$9,665,275.18	

Page 1 of 2

Silverleaf CDD
Statement of Financial Position As of 3/31/2023

General Fund

Debt Service -	Debt Service -
2014A1, 2019	2014A2

Debt Service - 2018

Construction Fund - 2014,

Long Term Debt Group		Total	

$0.00

$7,560,000.00
$7,560,000.00

$7,560,000.00		

$850.00 16,770.64
7,400.52
78,591.79
87,412.22
18,965.84
10,252.98
$220,243.99

$7,560,000.00
$7,560,000.00

$7,780,243.99	

$0.00

$7,560,000.00		

($4,139.20) 286,934.37
46,553.67

2,684,280.16
(1,550,592.39)

85,646.24
(0.39)

294,429.78
41,918.95

50,000.00
(50,000.00)
$1,885,031.19

$9,665,275.18	

2019

	Liabilities and Net Assets					
Current Liabilities								
Accounts Payable	$850.00							
Deferred Revenue	16,770.64							
Deferred Revenue - Off Roll	7,400.52							
Deferred Revenue			$78,591.79					
Deferred Revenue - Off Roll			87,412.22					
Deferred Revenue						$18,965.84		
Deferred Revenue - Off Roll						10,252.98			
Total Current Liabilities	$25,021.16		$166,004.01	$0.00		$29,218.82		$0.00	

 	 

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities

Total Liabilities

Net Assets, Unrestricted	($4,139.20)	
Net Assets - General Government	286,934.37	
Current Year Net Assets - General Government	46,553.67	

Net Assets

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Net Assets - General Government
Total Net Assets

Total Liabilities and Net Assets

$0.00

$25,021.16

$329,348.84

$354,370.00

$0.00	$0.00

$166,004.01	$0.00

$2,684,280.16 (1,550,592.39)		

$85,646.24
(0.39)	
$1,133,687.77

$1,299,691.78		$85,645.85

$85,645.85	

Page 2 of 2

$0.00

$29,218.82

$294,429.78 41,918.95

$336,348.73

$365,567.55

$0.00

$0.00

$50,000.00 (50,000.00)
 
$0.00

$0.00

Silverleaf CDD Statement of Activities As of 3/31/2023

General Fund

Debt Service - 2014A1, 2019

Debt Service - 2014A2

Debt Service -	Long Term	Total 2018A		Debt

Revenues

On-Roll Assessments	$133,504.36										$133,504.36	
Off-Roll Assessments	7,400.52										7,400.52	
On-Roll Assessments			$314,909.33								314,909.33	
Off-Roll Assessments			87,412.22								87,412.22	
Other Assessments			282,311.24								282,311.24	
Inter-Fund Group Transfers In			(64,291.56)								(64,291.56)	
Inter-Fund Group Transfers In					$64,291.56						64,291.56	
On-Roll Assessments							$166,885.41				166,885.41	
Off-Roll Assessments							10,252.98				10,252.98	
Total Revenues	$140,904.88		$620,341.23		$64,291.56		$177,138.39		$	-		$1,002,676.06	

Expenses

Supervisor Fees	$4,800.00										$4,800.00	
Public Officials' Insurance	3,098.00										3,098.00	
Trustee Services	7,483.62										7,483.62	
Management	19,249.98										19,249.98	
Engineering	657.00										657.00	
Dissemination Agent	3,750.00										3,750.00	
District Counsel	11,932.75										11,932.75	
Assessment Administration	12,500.00										12,500.00	
Reamortization Schedules	1,625.00										1,625.00	
Audit	4,600.00										4,600.00	
Postage & Shipping	34.52										34.52	
Legal Advertising	727.74										727.74	
Office Supplies	125.00										125.00	
Web Site Maintenance	540.00										540.00	
Dues, Licenses, and Fees	175.00										175.00	
Wetland Maintenance Reserve	19,149.05										19,149.05	
Wetlands Monitoring	116.55										116.55	
General Insurance	3,787.00										3,787.00	
Principal Payment - 2019A1 Bond			$55,000.00								55,000.00	
Principal Payment - 2019A2 Bond			1,970,000.00								1,970,000.00	
Interest Payments - 2014A1 Bond			15,350.00								15,350.00	
Interest Payments - 2019A1 Bond			66,420.00								66,420.00	
Interest Payments - 2019A2 Bond			64,190.00								64,190.00	
Interest Payments - 2014A2 bond					$64,293.75						64,293.75	
Principal Payment - 2018A1 Bond							$5,000.00				5,000.00	
Principal Payment - 2018A2 Bond							55,000.00				55,000.00	
Interest Payment - 2018A1 Bond							60,917.51				60,917.51	
Interest Payment - 2018A2 Bond							14,307.50				14,307.50	
Total Expenses	$94,351.21		$2,170,960.00		$64,293.75		$135,225.01		$	-		$2,464,829.97	

Other Revenues (Expenses) & Gains (Losses)

Interest Income			$26.38								$26.38	
Interest Income					$1.80						1.80	
Interest Income							$5.57				5.57	
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$26.38		$1.80		$5.57		$	-		$33.75	

Change In Net Assets	
$46,553.67		
($1,550,592.39)		
($0.39)		
$41,918.95				
($1,462,120.16)	

Net Assets At Beginning Of Year	
$282,795.17		
$2,684,280.16		
$85,646.24		
$294,429.78		
$	-		
$3,347,151.35	

Net Assets At End Of Year	

$329,348.84		

$1,133,687.77		

$85,645.85		

$336,348.73		

$	-		

$1,885,031.19	

Page 1 of 1

Silverleaf CDD
Budget to Actual
For the Month Ending 3/31/2023

Year To Date

Actual	Budget

FY 2023
Variance	Adopted Budget

Revenues

On-Roll Assessments	$133,504.36		$75,137.52		$58,366.84		$150,275.00	
Off-Roll Assessments	7,400.52		-		7,400.52		-	
Carry Forward Revenue	293,602.46		76,654.80		216,947.66		153,309.61	
Net Revenues	$434,507.34		$151,792.32		$282,715.02		$303,584.61	

General & Administrative Expenses

Supervisor Fees	$4,800.00		$6,000.00		$(1,200.00)		$12,000.00	
Public Officials' Insurance	3,098.00		1,650.00		1,448.00		3,300.00	
Trustee Services	7,483.62		6,675.00		808.62		13,350.00	
Management	19,249.98		19,249.98		-		38,500.00	
Engineering	657.00		7,500.00		(6,843.00)		15,000.00	
Dissemination Agent	3,750.00		7,500.00		(3,750.00)		15,000.00	
District Counsel	11,932.75		7,500.00		4,432.75		15,000.00	
Assessment Administration	12,500.00		6,250.02		6,249.98		12,500.00	
Reamortization Schedules	1,625.00		375.00		1,250.00		750.00	
Audit	4,600.00		2,625.00		1,975.00		5,250.00	
Arbitrage Calculation	-		499.98		(499.98)		1,000.00	
Postage & Shipping	34.52		100.02		(65.50)		200.00	
Legal Advertising	727.74		750.00		(22.26)		1,500.00	
Bank Fees	-		90.00		(90.00)		180.00	
Miscellaneous	-		250.02		(250.02)		500.00	
Office Supplies	125.00		124.98		0.02		250.00	
Web Site Maintenance	540.00		1,410.00		(870.00)		2,820.00	
Dues, Licenses, and Fees	175.00		87.48		87.52		175.00	
Wetland Maintenance Reserve	19,149.05		1,999.98		17,149.07		4,000.00	
Wetlands Monitoring	116.55		-		116.55		-	
Stormwater Management	-		53,658.36		(53,658.36)		107,316.73	
General Insurance	3,787.00		2,000.04		1,786.96		4,000.00	
General Repair & Maintenance	-		2,500.02		(2,500.02)		5,000.00	
Hardscape Maintenance	-		22,996.44		(22,996.44)		45,992.88	
Total General & Administrative Expenses	$94,351.21		$151,792.32		$(57,441.11)		$303,584.61	
Total Expenses		$94,351.21			$151,792.32			$(57,441.11)		  $303,584.61	
Net Income (Loss)	$340,156.13		$	-		$340,156.13		$	-	

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