Silverleaf CDD
December 2024 Financial Package

December 31, 2024

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

Statement of Financial Position As of 12/31/2024

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 Assessments Receivable Deposits
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 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 Assessments Receivable
Total Current Assets

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

Total Assets

Current Liabilities Accounts Payable Deferred Revenue Deferred Revenue Deferred Revenue
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities

Total Liabilities	

$32,817.90 118,437.59
167.00

$151,422.49

$0.00

$151,422.49

$151,385.73 126,392.88

$277,778.61

$0.00

$277,778.61		Assets

$358,568.55 23,187.50
155,130.22
116,269.10
19,448.69
2,832.58
80,106.25
3,224.48
$84,318.75 1,327.09
0.01

 
$758,767.37	$85,645.85

 
$0.00	$0.00

$758,767.37	$85,645.85

Liabilities and Net Assets

$358,568.55

$358,568.55	$0.00

 
$0.00	$0.00

$358,568.55	$0.00		

$44,796.10 58,805.00
1,151.47
46,550.18
6,637.50
1,191.57
175,790.62

$334,922.44

$0.00

$334,922.44

$175,790.62

$175,790.62

$0.00

$175,790.62		

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00		

$0.00

$644,976.49 5,970,023.51

$6,615,000.00

$6,615,000.00

$0.00

$6,615,000.00

$6,615,000.00

$6,615,000.00		

$32,817.90 118,437.59
167.00
358,568.55
23,187.50
155,130.22
116,269.10
19,448.69
2,832.58
80,106.25
3,224.48
84,318.75
1,327.09
0.01
44,796.10
58,805.00
1,151.47
46,550.18
6,637.50
1,191.57
175,790.62

$1,330,758.15

$644,976.49 5,970,023.51

$6,615,000.00

$7,945,758.15

$151,385.73 126,392.88
358,568.55
175,790.62

$812,137.78

$6,615,000.00

$6,615,000.00

$7,427,137.78	

Net Assets
Net Assets, Unrestricted
Current Year 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) 13,200.00
(85,755.13)
(49,661.79)

($126,356.12)

$151,422.49		

$467,982.06 (67,783.24)

$400,198.82

$758,767.37		

$86,000.19 (354.34)

$85,645.85

$85,645.85		

$142,903.62 16,228.20

$159,131.82

$334,922.44		

$50,000.00 (50,000.00)

$0.00

$0.00		

$0.00

$6,615,000.00		

($4,139.20) 13,200.00
(85,755.13)
(49,661.79)
467,982.06
(67,310.21)
86,000.19
(354.34)
142,903.62
15,755.17
50,000.00
(50,000.00)

$518,620.37

$7,945,758.15	

General Fund		Debt Service - 2014A1, 2019		Debt Service - 2014A2		Debt Service - 2018A		Construction
Fund - 2014A,2019	

$23,876.74									
13,200.00									
		$73,331.41							
		(60,574.95)							
				$60,574.95					
						$34,964.07			
$37,076.74		$12,756.46		$60,574.95		$34,964.07		$0.00	

$1,800.00									
3,351.00									
4,781.40									
7,058.34									
7,172.75									
2,713.32									
12,500.00									
1,045.59									
135.00									
175.00									
3,327.10									
86.48									
4,096.00									
25,586.50									
		$10,000.00							
		15,012.50							
		58,141.26							
				$61,593.75					
						$20,000.00			
$73,828.48		$83,153.76		$61,593.75		$20,000.00		$0.00	

$289.95									
		$3,087.09							
				$664.46					
						$791.10			
$289.95		$3,087.09		$664.46		$791.10		$0.00	
($36,461.79)		($67,310.21)		($354.34)		$15,755.17		$0.00	

($89,894.33)		
$467,982.06		
$86,000.19		
$142,903.62		
$0.00	

($126,356.12)		

$400,671.85		

$85,645.85		

$158,658.79		

$0.00	

Statement of Activities As of 12/31/2024

Revenues

Long Term	Total Debt Group

On-Roll Assessments Special Tax Assessment On-Roll Assessments
Inter-Fund Group Transfers In Inter-Fund Group Transfers In On-Roll Assessments
Total Revenues

Expenses

Supervisor Fees
Public Officials' Insurance Trustee Services Management Engineering
District Counsel Assessment Administration Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees
Wetland Maintenance Reserve Wetlands Monitoring
General Insurance Landscape Improvements
Principal Payment - 2019A1 Bond Interest Payments - 2014A1 Bond Interest Payments - 2019A1 Bond Interest Payments - 2014A2 bond Principal Payment - 2018A2 Bond
Total Expenses

Other Revenues (Expenses) & Gains (Losses)

$0.00

$0.00

$23,876.74 13,200.00
73,331.41
(60,574.95)
60,574.95
34,964.07
$145,372.22

$1,800.00 3,351.00
4,781.40
7,058.34
7,172.75
2,713.32
12,500.00
1,045.59
135.00
175.00
3,327.10
86.48
4,096.00
25,586.50
10,000.00
15,012.50
58,141.26
61,593.75
20,000.00
$238,575.99

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

Change In Net Assets

Net Assets At Beginning Of Year

Net Assets At End Of Year

$289.95 3,087.09
664.46
791.10

$0.00	$4,832.60

$0.00	($88,371.17)

$0.00	$606,991.54

$0.00	$518,620.37

 

Silverleaf CDD
Budget to Actual
For The Month Ending 12/31/2024

Actual

Year To Date

Budget	Variance

FY 2025
Adopted	Percentage Budget

Revenues

On-Roll Assessments	$23,876.74		$37,568.76		$(13,692.02)		$ 150,275.00		15.89%	
Special Tax Assessment	13,200.00		50,256.25		(37,056.25)		201,025.00		6.57%	
Net Revenues	$37,076.74		$87,825.01		$(50,748.27)		$351,300.00		0.1%	
General & Administrative Expenses

Supervisor Fees	$1,800.00	$3,000.00	$(1,200.00)	$ 12,000.00	15.00%	
Public Officials' Insurance	3,351.00	885.99	2,465.01	3,544.00	94.55%	
Trustee Services	4,781.40	3,337.50	1,443.90	13,350.00	35.82%	
Management	7,058.34	10,587.51	(3,529.17)	42,350.00	16.67%	
Engineering	7,172.75	7,500.00	(327.25)	30,000.00	23.91%	
Disclosure Agent	-	3,750.00	(3,750.00)	15,000.00	0.00%	
District Counsel	2,713.32	5,000.01	(2,286.69)	20,000.00	13.57%	
Assessment Administration	12,500.00	3,125.01	9,374.99	12,500.00	100.00%	
Reamortization Schedules	-	187.50	(187.50)	750.00	0.00%	
Audit	-	1,312.50	(1,312.50)	5,250.00	0.00%	
Arbitrage Calculation	-	249.99	(249.99)	1,000.00	0.00%	
Postage & Shipping	-	50.01	(50.01)	200.00	0.00%	
Legal Advertising	1,045.59	375.00	670.59	1,500.00	69.71%	
Miscellaneous	-	125.01	(125.01)	500.00	0.00%	
Office Supplies	-	62.49	(62.49)	250.00	0.00%	
Web Site Maintenance	135.00	705.00	(570.00)	2,820.00	4.79%	
Dues, Licenses, and Fees	175.00	43.74	131.26	175.00	100.00%	
Wetland Maintenance Reserve	3,327.10	5,000.01	(1,672.91)	20,000.00	16.64%	
Wetlands Monitoring	86.48	500.01	(413.53)	2,000.00	4.32%	
Stormwater Management	-	6,875.19	(6,875.19)	27,400.73	0.00%	
Stormwater Improvements	-	2,499.99	(2,499.99)	10,000.00	0.00%	
General Insurance	4,096.00	1,083.00	3,013.00	4,332.00	94.55%	
General Repair & Maintenance	-	1,250.01	(1,250.01)	5,000.00	0.00%	
Landscape Improvements	25,586.50	-	25,586.50	-	0.00%	
Contingency	-	27,383.74	(27,383.74)	11,743.17	0.00%	
Hardscape Maintenance	-	2,935.80	(2,935.80)	109,635.10	0.00%	

$73,828.48		$87,825.01		$(13,996.53)		$351,300.00		21.02%	
	$73,828.48			$87,825.01			$(13,996.53)		  $351,300.00			
$(36,751.74)		$0.00		$(36,751.74)					
$289.95		$0.00		$289.95					

Total General & Administrative Expenses Total Expenses
Income (Loss) from Operations Other Income (Expense)
Interest Income

Total Other Income (Expense)	$289.95		$0.00		$289.95	
Net Income (Loss)	$(36,461.79)		$0.00		$(36,461.79)