Silverleaf CDD
October 2024 Financial Package

October 31, 2024

PFM Group Consulting, LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
(407) 723-5900

Statement of Financial Position As of 10/31/2024

Debt Service -	Debt Service -	Debt Service -	
2014A1, 2019	2014A2	2018A	

Construction
General Fund	Fund -
2014,2019

Long Term Debt Group

Total

Current Assets
General Checking Account Accounts Receivable Assessments Receivable Deposits
Assessments Receivable Debt Service Reserve 2014A1 Revenue Account 2014A Revenue Account 2019A1 Prepayment Acct. 2019A2 Prepayment Acct. 2019A1 Accounts Receivable
Debt Service Reserve 2019A1 Prepayment Acct. 2014A1 Interest Receivable
Debt Service Reserve 2014A2 Prepayment Account 2014A2 Sinking Fund 2014A2 Revenue 2018A Bond Prepayment 2018A1 Bond
Debt Service Reserve 2018A1 Bond Prepayment 2018A2 Bond
Interest Receivable Assessments Receivable
Total Current Assets

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

$12,721.81 3,135.97
150,269.62
167.00

$166,294.40

$0.00		Assets

$358,568.55 23,187.50
187,480.63
140,802.92
19,298.78
12,770.71
1,465.13
80,106.25
3,224.48
2,221.03

$829,125.98

$0.00	

$84,318.75 1,327.09
0.01

$85,645.85

$0.00		

$74,108.53 1,142.60
46,550.18
21,102.31
574.45
175,790.62

$319,268.69

$0.00		

$0.00

$0.00		

$0.00

$696,885.87 5,948,114.13
$6,645,000.00		

$12,721.81 3,135.97
150,269.62
167.00
358,568.55
23,187.50
187,480.63
140,802.92
19,298.78
12,770.71
1,465.13
80,106.25
3,224.48
2,221.03
84,318.75
1,327.09
0.01
74,108.53
1,142.60
46,550.18
21,102.31
574.45
175,790.62
$1,400,334.92

$696,885.87 5,948,114.13
$6,645,000.00	
Total Assets		$166,294.40		
	$829,125.98 		$85,645.85			$319,268.69			$0.00		 $6,645,000.00		  $8,045,334.92	

Current Liabilities Accounts Payable Due To Other Funds Deferred Revenue Deferred Revenue Deferred Revenue
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities	

$160,792.41 1,465.13
150,269.62

$312,527.16

$0.00		

Liabilities and Net Assets

$358,568.55

$358,568.55

$0.00	

$0.00

$0.00		

$175,790.62

$175,790.62

$0.00		

$0.00

$0.00		

$0.00

$6,645,000.00
$6,645,000.00		

$160,792.41 1,465.13
150,269.62
358,568.55
175,790.62
$846,886.33

$6,645,000.00
$6,645,000.00	
Total Liabilities	$312,527.16		
$358,568.55	$0.00		$175,790.62		$0.00		$6,645,000.00		$7,491,886.33	

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government
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	

($4,139.20)
(85,755.13)
(56,338.43)

($146,232.76)

$166,294.40		

$467,982.06 2,575.37

$470,557.43

$829,125.98		

$86,000.19 (354.34)

$85,645.85

$85,645.85		

$142,903.62
574.45

$143,478.07

$319,268.69		

$50,000.00 (50,000.00)

$0.00

$0.00		

$0.00

$6,645,000.00		

($4,139.20)
(85,755.13)
(56,338.43)
467,982.06
2,575.37
86,000.19
(354.34)
142,903.62
574.45
50,000.00
(50,000.00)
$553,448.59

$8,045,334.92	

Statement of Activities As of 10/31/2024

Debt Service -	Debt Service -	Debt Service -	
2014A1, 2019	2014A2	2018A	

Construction
General Fund	Fund -
2014,2019

Long Term Debt Group

Total

Revenues

Inter-Fund Group Transfers In Inter-Fund Group Transfers In
Total Revenues	

$0.00		
$354.34

$354.34		

($354.34)

($354.34)		

$0.00		

$0.00		

$0.00		
$354.34 (354.34)

$0.00	
Expenses

Supervisor Fees
Public Officials' Insurance Trustee Services Management
District Counsel Assessment Administration Legal Advertising
Web Site Maintenance Wetlands Monitoring General Insurance Landscape Improvements
Total Expenses	

$1,000.00 3,351.00
4,781.40
3,529.17
1,228.32
12,500.00
145.08
135.00
28.80
4,096.00
25,586.50

$56,381.27		

$0.00		

$0.00		

$0.00		

$0.00		

$0.00		

$1,000.00 3,351.00
4,781.40
3,529.17
1,228.32
12,500.00
145.08
135.00
28.80
4,096.00
25,586.50

$56,381.27	
Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)	

$42.84

$42.84		

$2,221.03

$2,221.03		

$0.00		

$574.45

$574.45		

$0.00		

$0.00		

$42.84 2,221.03
574.45

$2,838.32	
Change In Net Assets	($56,338.43)		$2,575.37		($354.34)		$574.45		$0.00		$0.00		($53,542.95)	

Net Assets At Beginning Of Year	($89,894.33)		$467,982.06		$86,000.19		$142,903.62		$0.00		$0.00		$606,991.54	

Net Assets At End Of Year	

($146,232.76)		

$470,557.43		

$85,645.85		

$143,478.07		

$0.00		

$0.00		

$553,448.59	

Budget to Actual
For The Month Ending 10/31/2024

Actual

Year To Date

Budget	Variance

FY 2025
Adopted Budget

Percentage

Revenues

On-Roll Assessments	$0.00	$12,522.92	$(12,522.92)	$ 150,275.00	0.00%	
Special Assessment
Net Revenues	0.00	16,752.08	(16,752.08)	201,025.00	0.00%	

$0.00		$29,275.00		$(29,275.00)	$351,300.00	0.00%	

$1,000.00		
$1,000.00		
$0.00	
$	12,000.00	
8.33%	
3,351.00		295.33		3,055.67	3,544.00	94.55%	
4,781.40		1,112.50		3,668.90	13,350.00	35.82%	
3,529.17		3,529.17		-	42,350.00	8.33%	
-		2,500.00		(2,500.00)	30,000.00	0.00%	
-		1,250.00		(1,250.00)	15,000.00	0.00%	
1,228.32		1,666.67		(438.35)	20,000.00	6.14%	
12,500.00		1,041.67		11,458.33	12,500.00	100.00%	
-		62.50		(62.50)	750.00	0.00%	
-		437.50		(437.50)	5,250.00	0.00%	
-		83.33		(83.33)	1,000.00	0.00%	
-		16.67		(16.67)	200.00	0.00%	
145.08		125.00		20.08	1,500.00	9.67%	
-		41.67		(41.67)	500.00	0.00%	
-		20.83		(20.83)	250.00	0.00%	
135.00		235.00		(100.00)	2,820.00	4.79%	
-		14.58		(14.58)	175.00	0.00%	
-		1,666.67		(1,666.67)	20,000.00	0.00%	
28.80		166.67		(137.87)	2,000.00	1.44%	
-		2,291.73		(2,291.73)	27,400.73	0.00%	
-		833.33		(833.33)	10,000.00	0.00%	
4,096.00		361.00		3,735.00	4,332.00	94.55%	
-		416.67		(416.67)	5,000.00	0.00%	
-		978.60		(978.60)	11,743.17	0.00%	
25,586.50		9,127.91		16,458.59	109,635.10	23.34%	
$56,381.27		$29,275.00		$27,106.27	$351,300.00	16.05%	
	$56,381.27			$29,275.00			$(27,097.92)		$351,300.00		
$(56,381.27)		$0.00		$(2,177.08)	$0.00		

$42.84		
$0.00		
$42.84	
$0.00		

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

Total General & Administrative Expenses

Total Expenses

Income (Loss) from Operations

Other Income (Expense)
Interest Income

Total Other Income (Expense)	$42.84		$0.00		$42.84		$0.00	
Net Income (Loss)	$(56,338.43)		$0.00		$(2,134.24)		$0.00