Silverleaf CDD
March 2025 Financial Package

March 31, 2025

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

Statement of Financial Position As of 3/31/2025

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

Construction
General Fund	Fund -
2014A,2019

Long Term Debt Group

Total

Current Assets
General Checking Account Assessments Receivable Prepaid Expenses Deposits
Assessments Receivable Due From Other Funds
Debt Service Reserve 2014A1 Revenue Account 2014A Revenue Account 2019A1 Prepayment Acct. 2019A1 Debt Service Reserve 2019A1 Prepayment Acct. 2014A1 Debt Service Reserve 2014A2 Prepayment Account 2014A2 Sinking Fund 2014A2 Revenue 2018A Bond Prepayment 2018A1 Bond
Debt Service Reserve 2018A1 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	

$92,980.40
825.33
4,781.38
167.00

$98,754.11

$0.00		Assets

$1,891.52 781.27
23,187.50
319,098.05
240,909.25
3,534.53
79,434.37
3,224.48

$672,060.97

$0.00	

$84,318.75 1,327.09
0.01

$85,645.85

$0.00		

$181,026.10 1,163.70
46,550.18
1,204.22
1,089.77
5,435.67

$236,469.64

$0.00		

$0.00

$0.00		

$0.00

$984,978.23 5,630,021.77

$6,615,000.00		

$92,980.40
825.33
4,781.38
167.00
1,891.52
781.27
23,187.50
319,098.05
240,909.25
3,534.53
79,434.37
3,224.48
84,318.75
1,327.09
0.01
181,026.10
1,163.70
46,550.18
1,204.22
1,089.77
5,435.67

$1,092,930.57

$984,978.23 5,630,021.77

$6,615,000.00	
Total Assets	$98,754.11		
$672,060.97	$85,645.85		$236,469.64		$0.00		$6,615,000.00		$7,707,930.57	

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

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities	

$42,412.08 1,446.77
815.33

$44,674.18

$0.00		

Liabilities and Net Assets

$424.27 1,891.52

$2,315.79	$0.00

 
$0.00	$0.00		

$5,435.67

$5,435.67

$0.00		

$0.00

$0.00		

$0.00

$6,615,000.00

$6,615,000.00		

$42,412.08 1,446.77
815.33
424.27
1,891.52
5,435.67

$52,425.64

$6,615,000.00

$6,615,000.00	
Total Liabilities	$44,674.18		$2,315.79		$0.00		$5,435.67		$0.00		$6,615,000.00		$6,667,425.64	

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) 145,886.57
(85,755.13)
(1,912.31)

$54,079.93

$98,754.11		

$467,509.03 202,236.15

$669,745.18

$672,060.97		

$86,000.19 (354.34)

$85,645.85

$85,645.85		

$143,376.65 87,657.32

$231,033.97

$236,469.64		

$50,000.00 (50,000.00)

$0.00

$0.00		

$0.00

$6,615,000.00		

($4,139.20) 145,886.57
(85,755.13)
(1,912.31)

467,509.03
202,236.15

86,000.19
(354.34)

143,376.65
87,657.32

50,000.00
(50,000.00)

$1,040,504.93

$7,707,930.57	

Statement of Activities As of 3/31/2025

General Fund

Debt Service - 2014A1, 2019

Debt Service - 2014A2

Debt Service - 2018A

Construction Fund - 2014A,2019

Long Term	Total Debt Group

Revenues

On-Roll Assessments	$149,454.29												$149,454.29	
Special Tax Assessment	145,886.57												145,886.57	
On-Roll Assessments			$356,252.76										356,252.76	
Inter-Fund Group Transfers In			(59,668.25)										(59,668.25)	
Inter-Fund Group Transfers In					$59,668.25								59,668.25	
On-Roll Assessments							$170,779.22						170,779.22	
Total Revenues	$295,340.86		$296,584.51		$59,668.25		$170,779.22		$0.00		$0.00		$822,372.84	

Expenses

Supervisor Fees	$5,800.00												$5,800.00	
Public Officials' Insurance	3,351.00												3,351.00	
Trustee Services	13,334.03												13,334.03	
Management	21,175.02												21,175.02	
Engineering	25,373.51												25,373.51	
Disclosure Agent	11,000.00												11,000.00	
District Counsel	13,504.32												13,504.32	
Assessment Administration	12,500.00												12,500.00	
Audit	3,800.00												3,800.00	
Postage & Shipping	1,479.86												1,479.86	
Legal Advertising	2,012.79												2,012.79	
Web Site Maintenance	1,275.00												1,275.00	
Dues, Licenses, and Fees	175.00												175.00	
Wetland Maintenance Reserve	3,327.10												3,327.10	
Wetlands Monitoring	115.89												115.89	
General Insurance	4,096.00												4,096.00	
Landscape Improvements	25,586.50												25,586.50	
Contingency	5,000.00												5,000.00	
Miscellaneous			$19,655.21										19,655.21	
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	
Interest Payment - 2018A1 Bond							58,805.00						58,805.00	
Interest Payment - 2018A2 Bond							6,637.50						6,637.50	
Total Expenses	$152,906.02		$102,808.97		$61,593.75		$85,442.50		$0.00		$0.00		$402,751.24	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$1,539.42												$1,539.42	
Interest Income			$8,460.61										8,460.61	
Interest Income					$1,571.16								1,571.16	
Interest Income							$2,320.60						2,320.60	
Total Other Revenues (Expenses) & Gains (Losses)	$1,539.42		$8,460.61		$1,571.16		$2,320.60		$0.00		$0.00		$13,891.79	
Change In Net Assets	$143,974.26		$202,236.15		($354.34)		$87,657.32		$0.00		$0.00		$433,513.39	

Net Assets At Beginning Of Year	($89,894.33)		$467,509.03		$86,000.19		$143,376.65		$0.00		$0.00		$606,991.54	

Net Assets At End Of Year	

$54,079.93		

$669,745.18		

$85,645.85		

$231,033.97		

$0.00		

$0.00		

$1,040,504.93	

Budget to Actual
For The Month Ending 3/31/2025

Actual

Year To Date

Budget	Variance

FY 2025
Adopted	Percentage Budget

Revenues

On-Roll Assessments	$149,454.29		$75,137.52		$74,316.77		$ 150,275.00		99.45%	
Special Tax Assessment	145,886.57		100,512.48		45,374.09		201,025.00		72.57%	
Net Revenues	$295,340.86		$175,650.00		$119,690.86		$351,300.00		84.07%	

Supervisor Fees	$5,800.00	$6,000.00	$(200.00)	$  12,000.00	48.33%	
Public Officials' Insurance	3,351.00	1,771.98	1,579.02	3,544.00	94.55%	
Trustee Services	13,334.03	6,675.00	6,659.03	13,350.00	99.88%	
Management	21,175.02	21,175.02	-	42,350.00	50.00%	
Engineering	25,373.51	15,000.00	10,373.51	30,000.00	84.58%	
Disclosure Agent	11,000.00	7,500.00	3,500.00	15,000.00	73.33%	
District Counsel	13,504.32	10,000.02	3,504.30	20,000.00	67.52%	
Assessment Administration	12,500.00	6,250.02	6,249.98	12,500.00	100.00%	
Reamortization Schedules	-	375.00	(375.00)	750.00	0.00%	
Audit	3,800.00	2,625.00	1,175.00	5,250.00	72.38%	
Arbitrage Calculation	-	499.98	(499.98)	1,000.00	0.00%	
Postage & Shipping	1,479.86	100.02	1,379.84	200.00	739.93%	
Legal Advertising	2,012.79	750.00	1,262.79	1,500.00	134.19%	
Miscellaneous	-	250.02	(250.02)	500.00	0.00%	
Office Supplies	-	124.98	(124.98)	250.00	0.00%	
Web Site Maintenance	1,275.00	1,410.00	(135.00)	2,820.00	45.21%	
Dues, Licenses, and Fees	175.00	87.48	87.52	175.00	100.00%	
Wetland Maintenance Reserve	3,327.10	10,000.02	(6,672.92)	20,000.00	16.64%	
Wetlands Monitoring	115.89	1,000.02	(884.13)	2,000.00	5.79%	
Stormwater Management	-	13,750.38	(13,750.38)	27,400.73	0.00%	
Stormwater Improvements	-	4,999.98	(4,999.98)	10,000.00	0.00%	
General Insurance	4,096.00	2,166.00	1,930.00	4,332.00	94.55%	
General Repair & Maintenance	-	2,500.02	(2,500.02)	5,000.00	0.00%	
Landscape Improvements	25,586.50	-	25,586.50	-	0.00%	
Contingency	5,000.00	54,817.56	(49,817.56)	11,743.17	42.58%	
Hardscape Maintenance	-	5,821.50	(5,821.50)	109,635.10	0.00%	

General & Administrative Expenses

$152,906.02		$175,650.00		$(22,743.98)		$351,300.00		43.53%	
	$152,906.02

$142,434.84			$175,650.00

$0.00			$(22,743.98)

$142,434.84			$351,300.00			
$1,539.42
$1,539.42

$143,974.26		$0.00
$0.00

$0.00		$1,539.42
$1,539.42

$143,974.26					

Total General & Administrative Expenses Total Expenses

Income (Loss) from Operations Other Income (Expense)
Interest Income

Total Other Income (Expense)

Net Income (Loss)