Silverleaf CDD
November 2024 Financial Package

November 30, 2024

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

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 Assessments Receivable Deposits
Assessments Receivable Due From Other Funds
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 Debt Service Reserve 2014A2 Prepayment Account 2014A2 Sinking Fund 2014A2 Revenue 2018A Bond
Interest 2018A1 Bond Prepayment 2018A1 Bond
Debt Service Reserve 2018A1 Bond Interest 2018A2 Bond
Prepayment 2018A2 Bond Due from Other Funds Assessments Receivable
Total Current Assets

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

Total Assets

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

Total Liabilities	

$19,003.05 148,489.35
167.00

$167,659.40

$0.00

$167,659.40

$172,801.45 8,210.54
148,489.35

$329,501.34

$0.00

$329,501.34		Assets

$354,000.95 4,567.60
23,187.50
112,078.47
83,549.68
19,376.36
2,822.05
1,465.13
80,106.25
3,224.48
$84,318.75 1,327.09
0.01

 
$684,378.47	$85,645.85

 
$0.00	$0.00

$684,378.47	$85,645.85

Liabilities and Net Assets

$354,000.95

$354,000.95	$0.00

 
$0.00	$0.00

$354,000.95	$0.00		

$9,151.06 58,805.00
1,147.19
46,550.18
6,637.50
1,187.14
2,177.81
173,612.81

$299,268.69

$0.00

$299,268.69

$173,612.81

$173,612.81

$0.00

$173,612.81		

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00		

$0.00

$533,468.71 6,081,531.29

$6,615,000.00

$6,615,000.00

$0.00

$6,615,000.00

$6,615,000.00

$6,615,000.00		

$19,003.05 148,489.35
167.00
354,000.95
4,567.60
23,187.50
112,078.47
83,549.68
19,376.36
2,822.05
1,465.13
80,106.25
3,224.48
84,318.75
1,327.09
0.01
9,151.06
58,805.00
1,147.19
46,550.18
6,637.50
1,187.14
2,177.81
173,612.81

$1,236,952.41

$533,468.71 6,081,531.29

$6,615,000.00

$7,851,952.41

$172,801.45 8,210.54
148,489.35
354,000.95
173,612.81

$857,115.10

$6,615,000.00

$6,615,000.00

$7,472,115.10	

Net Assets
Net Assets, Unrestricted
Net Assets - General Government Current Year Net Assets - General Govt
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)
(71,947.61)

($161,841.94)

$167,659.40		

$467,982.06 (137,604.54)

$330,377.52

$684,378.47		

$86,000.19 (354.34)

$85,645.85

$85,645.85		

$142,903.62 (17,247.74)

$125,655.88

$299,268.69		

$50,000.00 (50,000.00)

$0.00

$0.00		

$0.00

$6,615,000.00		

($4,139.20)
(85,755.13)
(71,947.61)
467,982.06
(137,604.54)
86,000.19
(354.34)
142,903.62
(17,247.74)
50,000.00
(50,000.00)

$379,837.31

$7,851,952.41	

General Fund

Debt Service - 2014A1, 2019

Debt Service - 2014A2

Debt Service - 2018A

Construction Fund - 2014,2019

Long Term	Total Debt Group

Revenues

On-Roll Assessments	$1,780.27												$1,780.27	
On-Roll Assessments			$4,567.60										4,567.60	
Inter-Fund Group Transfers In			(60,894.85)										(60,894.85)	
Inter-Fund Group Transfers In					$60,894.85								60,894.85	
On-Roll Assessments							$2,177.81						2,177.81	
Total Revenues	$1,780.27		($56,327.25)		$60,894.85		$2,177.81		$0.00		$0.00		$8,525.68	

Expenses

Supervisor Fees	$1,800.00												$1,800.00	
Public Officials' Insurance	3,351.00												3,351.00	
Trustee Services	4,781.40												4,781.40	
Management	7,058.34												7,058.34	
Engineering	7,172.75												7,172.75	
District Counsel	2,713.32												2,713.32	
Assessment Administration	12,500.00												12,500.00	
Legal Advertising	1,112.28												1,112.28	
Web Site Maintenance	135.00												135.00	
Dues, Licenses, and Fees	175.00												175.00	
Wetland Maintenance Reserve	3,327.10												3,327.10	
Wetlands Monitoring	28.80												28.80	
General Insurance	4,096.00												4,096.00	
Landscape Improvements	25,586.50												25,586.50	
Principal Payment - 2019A1 Bond			$10,000.00										10,000.00	
Interest Payments - 2014A1 Bond			15,012.50										15,012.50	
Interest Payments - 2019A1 Bond			58,141.26										58,141.26	
Interest Payments - 2014A2 bond					$61,593.75								61,593.75	
Principal Payment - 2018A2 Bond							$20,000.00						20,000.00	
Total Expenses	$73,837.49		$83,153.76		$61,593.75		$20,000.00		$0.00		$0.00		$238,585.00	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$109.61												$109.61	
Interest Income			$1,876.47		$344.56								2,221.03	
Interest Income							$574.45						574.45	
Total Other Revenues (Expenses) & Gains (Losses)	$109.61		$1,876.47		$344.56		$574.45		$0.00		$0.00		$2,905.09	
Change In Net Assets	($71,947.61)		($137,604.54)		($354.34)		($17,247.74)		$0.00		$0.00		($227,154.23)	

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	

($161,841.94)		

$330,377.52		

$85,645.85		

$125,655.88		

$0.00		

$0.00		

$379,837.31	

Budget to Actual
For The Month Ending 11/30/2024

Actual

Year To Date

Budget	Variance

FY 2025
Adopted Budget

Percentage

$1,780.27		$58,550.00		$(56,769.73)	$351,300.00	

$1,800.00		
$2,000.00		
$(200.00)	
$  12,000.00	
3,351.00		590.66		2,760.34	3,544.00	
4,781.40		2,225.00		2,556.40	13,350.00	
7,058.34		7,058.34		-	42,350.00	
7,172.75		5,000.00		2,172.75	30,000.00	
-		2,500.00		(2,500.00)	15,000.00	
2,713.32		3,333.34		(620.02)	20,000.00	
12,500.00		2,083.34		10,416.66	12,500.00	
-		125.00		(125.00)	750.00	
-		875.00		(875.00)	5,250.00	
-		166.66		(166.66)	1,000.00	
-		33.34		(33.34)	200.00	
1,112.28		250.00		862.28	1,500.00	
-		83.34		(83.34)	500.00	
-		41.66		(41.66)	250.00	
135.00		470.00		(335.00)	2,820.00	
175.00		29.16		145.84	175.00	
3,327.10		3,333.34		(6.24)	20,000.00	
28.80		333.34		(304.54)	2,000.00	
-		4,583.46		(4,583.46)	27,400.73	
-		1,666.66		(1,666.66)	10,000.00	
4,096.00		722.00		3,374.00	4,332.00	
-		833.34		(833.34)	5,000.00	
-		1,957.20		(1,957.20)	11,743.17	
25,586.50		18,255.82		7,330.68	109,635.10	
$73,837.49		$58,550.00		$15,287.49	$351,300.00	
	$73,837.49			$58,550.00			$15,287.49		$351,300.00	
$(72,057.22)		$0.00		$(72,057.22)	$0.00	

$109.61		
$0.00		
$109.61	
$0.00	

Revenues

On-Roll Assessments	$1,780.27	$25,045.84	$(23,265.57)	$ 150,275.00	1.18%	
Other Permits, Fees & Special Assess.	-	33,504.16	(33,504.16)	201,025.00	0.00%	

Net Revenues
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 Contingency
Total General & Administrative Expenses

Total Expenses

Income (Loss) from Operations

Other Income (Expense)
Interest Income

1.18%

15.00%
94.55%
35.82%
16.67%
23.91%
0.00%
13.57%
100.00%
0.00%
0.00%
0.00%
0.00%
74.15%
0.00%
0.00%
4.79%
100.00%
16.64%
1.44%
0.00%
0.00%
94.55%
0.00%
0.00%
23.34%

21.02%

 
Total Other Income (Expense)	$109.61		$0.00		$109.61		$0.00	
Net Income (Loss)	$(71,947.61)		$0.00		$(71,947.61)		$0.00