Silverleaf CDD
April 2025 Financial Package

April 30, 2025

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

Silverleaf CDD
Statement of Financial Position As of 4/30/2025

	General Fund		Debt Service - 2019		Debt Service - 2018		Debt Service - 2025		Construction Fund - 2025		Long Term Debt Group		Total	

Assets	
Current Assets
General Checking Account Prepaid Expenses Deposits
Due From Other Funds Revenue Account 2019A1 Prepayment Acct. 2019A1 Debt Service Reserve 2019A1 Revenue 2018A Bond Prepayment 2018A1 Bond
Debt Service Reserve 2018A1 Bond Prepayment 2018A2 Bond
Due from Other Funds Assessments Receivable Revenue 2025
Interest 2025
Cost of Issuance 2025 Total Current Assets	
$58,864.99												
$58,864.99	
	4,781.38												4,781.38	
	167.00												167.00	
			2,105.15										2,105.15	
			239,064.59										239,064.59	
			3,534.53										3,534.53	
			79,434.37										79,434.37	
					$182,540.14								182,540.14	
					1,163.70								1,163.70	
					46,550.18								46,550.18	
					1,204.22								1,204.22	
					4,473.44								4,473.44	
					962.23								962.23	
							$10,000.00						10,000.00	
							55,601.34						55,601.34	
									$118,448.28				118,448.28	
	$63,813.37		$324,138.64		$236,893.91		$65,601.34		$118,448.28		$0.00		$808,895.54	

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

$737,541.35		

$737,541.35	
											5,748,458.65		5,748,458.65	
	$0.00		$0.00		$0.00		$0.00		$0.00		$6,486,000.00		$6,486,000.00	
Total Assets	$63,813.37		$324,138.64		$236,893.91		$65,601.34		$118,448.28		$6,486,000.00		$7,294,895.54	

Silverleaf CDD
Statement of Financial Position As of 4/30/2025

General Fund		Debt Service -	Debt Service -		Debt Service -	
		2019		2018		2025	

Liabilities and Net Assets	
6,578.59		
$962.23			
$6,578.59		$0.00		$962.23		$0.00	
$0.00		$0.00		$0.00		$0.00	
$6,578.59		$0.00		$962.23		$0.00	

($4,139.20)							
148,153.13							
(85,755.13)							
(1,024.02)							
		$184,268.43					
		139,870.21					
				$143,376.65			
				92,555.03			
						$65,601.34	
$57,234.78		$324,138.64		$235,931.68		$65,601.34	
							
$63,813.37		$324,138.64		$236,893.91		$65,601.34	

Long Term Debt Group		Total	

$0.00		

6,578.59
962.23
$7,540.82	

$6,486,000.00
$6,486,000.00		
$6,486,000.00
$6,486,000.00	
$6,486,000.00		$6,493,540.82	

$0.00		

($4,139.20) 148,153.13
(85,755.13)
(1,024.02)
184,268.43
139,870.21
143,376.65
92,555.03
184,049.62
$801,354.72	
			
$6,486,000.00		$7,294,895.54	

Construction Fund - 2025

Current Liabilities Due To Other Funds Deferred Revenue
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities

Total Liabilities

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
Total Net Assets

Total Liabilities and Net Assets

$0.00

$0.00

$0.00

$118,448.28

$118,448.28

$118,448.28

Silverleaf CDD Statement of Activities As of 4/30/2025

General Fund

Debt Service - 2014A1, 2019

Debt Service - 2014A2

Debt Service 2018

Debt Service 2025

Total

Revenues

On-Roll Assessments	$151,914.67										$151,914.67	
Special Tax Assessment	148,151.06										148,151.06	
On-Roll Assessments			$358,357.91								358,357.91	
Inter-Fund Group Transfers In			(125,384.94)								(125,384.94)	
Inter-Fund Group Transfers In					$59,359.33						59,359.33	
On-Roll Assessments							$175,252.66				175,252.66	
Inter-Fund Transfer							424.27				424.27	
Interfund Transfer In									$65,601.34		65,601.34	
Total Revenues	$300,065.73		$232,972.97		$59,359.33		$175,676.93		$65,601.34		$833,676.30	

Expenses

Supervisor Fees	$6,800.00										$6,800.00	
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	30,901.01										30,901.01	
Disclosure Agent	11,000.00										11,000.00	
District Counsel	8,418.79										8,418.79	
Assessment Administration	12,500.00										12,500.00	
Reamortization Schedules	250.00										250.00	
Audit	3,800.00										3,800.00	
Postage & Shipping	1,481.93										1,481.93	
Legal Advertising	2,012.79										2,012.79	
Web Site Maintenance	1,410.00										1,410.00	
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	$154,735.06		$102,808.97		$61,593.75		$85,442.50		$0.00		$404,580.28	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$1,796.37				$1,796.37	
Interest Income		$9,706.21			9,706.21	
Interest Income			$1,880.08		1,880.08	
Interest Income				$2,320.60	2,320.60	

$1,796.37		$9,706.21		$1,880.08		$2,320.60		$0.00		$15,703.26	
$147,127.04		$139,870.21		($354.34)		$92,555.03		$65,601.34		$444,799.28	
($89,894.33)		$467,509.03		$86,000.19		$143,376.65		$0.00		$606,991.54	

Total Other Revenues (Expenses) & Gains (Losses)

Change In Net Assets

Net Assets At Beginning Of Year

Net Assets At End Of Year

$57,232.71

$607,379.24

$85,645.85

$235,931.68	$65,601.34	$1,051,790.82

		Silverleaf CDD				
		Budget to Actual				
For The Month Ending 4/30/2025	

Year To Date	
		Actual	Budget		Variance	FY 2025
Adopted Budget	Percentage	

Revenues						
On-Roll Assessments	$	151,914.67	$	87,660.44		$	64,254.23	$ 150,275.00	101.09%	
Special Tax Assessment		148,151.06	117,323.01			30,828.05	201,025.00	73.70%	
Net Revenues	$	300,065.73	
$	204,983.45		$	95,082.28	
$ 351,300.00	85.42%	
General & Administrative Expenses						
Supervisor Fees	$	6,800.00	$	7,000.00		$	(200.00)	$  12,000.00	56.67%	
Public Officials' Insurance		3,351.00	2,067.31			1,283.69	3,544.00	94.55%	
Trustee Services		13,334.03	7,787.50			5,546.53	13,350.00	99.88%	
Management		21,175.02	24,704.19			(3,529.17)	42,350.00	50.00%	
Engineering		30,901.01	17,500.00			13,401.01	30,000.00	103.00%	
Disclosure Agent		11,000.00	8,750.00			2,250.00	15,000.00	73.33%	
District Counsel		8,418.79	11,666.69			(3,247.90)	20,000.00	42.09%	
Assessment Administration		12,500.00	7,291.69			5,208.31	12,500.00	100.00%	
Reamortization Schedules		250.00	437.50			(187.50)	750.00	33.33%	
Audit		3,800.00	3,062.50			737.50	5,250.00	72.38%	
Arbitrage Calculation		-	583.31			(583.31)	1,000.00	0.00%	
Postage & Shipping		1,481.93	116.69			1,365.24	200.00	740.97%	
Legal Advertising		2,012.79	875.00			1,137.79	1,500.00	134.19%	
Miscellaneous		-	291.69			(291.69)	500.00	0.00%	
Office Supplies		-	145.81			(145.81)	250.00	0.00%	
Web Site Maintenance		1,410.00	1,645.00			(235.00)	2,820.00	50.00%	
Dues, Licenses, and Fees		175.00	102.06			72.94	175.00	100.00%	
Wetland Maintenance Reserve		3,327.10	11,666.69			(8,339.59)	20,000.00	16.64%	
Wetlands Monitoring		115.89	1,166.69			(1,050.80)	2,000.00	5.79%	
Stormwater Management		-	16,042.11			(16,042.11)	27,400.73	0.00%	
Stormwater Improvements		-	5,833.31			(5,833.31)	10,000.00	0.00%	
General Insurance		4,096.00	2,527.00			1,569.00	4,332.00	94.55%	
General Repair & Maintenance		-	2,916.69			(2,916.69)	5,000.00	0.00%	
Landscape Improvements		25,586.50	-			25,586.50	-	0.00%	
Contingency		5,000.00	63,953.82			(58,953.82)	11,743.17	42.58%	
Hardscape Maintenance		-	6,850.20			(6,850.20)	109,635.10	0.00%	
Total General & Administrative Expenses	$	154,735.06	
$	204,983.45		$	(50,248.39)	
$ 351,300.00	44.05%	
Total Expenses	 $		154,735.06	 $	204,983.45		 $		(50,248.39)	
Income (Loss) from Operations	$	145,330.67	$	-		$	145,330.67	
Other Income (Expense)						
Interest Income	$	1,796.37	$	-		$	1,796.37	
Total Other Income (Expense)	$	1,796.37	
$	-		$	1,796.37	
Net Income (Loss)	$	147,127.04	
$	-		$	147,127.04