Silverleaf CDD
May 2025 Financial Package

May 31, 2025

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

General Fund		Debt Service - 2014A-2		Debt Service - 2019		Debt Service - 2018A		Debt Service - 2025		Construction Fund - 2019		Long Term Debt Group		Total	

Current Assets
General Checking Account GF Checking account Prepaid Expenses Deposits
Revenue Account 2019A1 Prepayment Acct. 2019A1 Debt Service Reserve 2019A1 Revenue 2018A Bond Prepayment 2018A1 Bond
Debt Service Reserve 2018A1 Bond Prepayment 2018A2 Bond Assessments Receivable
Revenue Account 2025
Interest Account 2025 Total Current Assets	

$37,833.08
534.80
4,781.38
167.00

$43,316.26		

$0.00		
Assets

$144,401.49
3,557.69
79,434.37

$227,393.55		

$79,453.59 1,171.98
46,550.18
1,212.78
440.36

$128,828.89		

$15,478.88 55,601.34

$71,080.22		

$0.00		

$0.00		

$37,833.08
534.80
4,781.38
167.00
144,401.49
3,557.69
79,434.37
79,453.59
1,171.98
46,550.18
1,212.78
440.36
15,478.88
55,601.34

$470,618.92	

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

$0.00		

$0.00		

$0.00		

$0.00		

$0.00		

$0.00		

$624,421.78 5,777,578.22

$6,402,000.00		

$624,421.78 5,777,578.22

$6,402,000.00	
Total Assets	$43,316.26		$0.00		$227,393.55		$128,828.89		$71,080.22		$0.00		$6,402,000.00		$6,872,618.92	

General Fund

Debt Service -	Debt Service -	Debt Service - 2014A-2		2019		2018A

Liabilities and Net Assets

Debt Service - 2025

Construction Fund - 2019

Long Term Debt Group

Total

Current Liabilities
Deferred Revenue
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities

$0.00

$0.00

$440.36

$0.00	$0.00	$440.36

$0.00	$0.00	$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$6,036,445.47

$6,036,445.47

$440.36

$440.36

$6,036,445.47

$6,036,445.47

       

Total Liabilities

Net Assets

$0.00

$0.00	$0.00	$440.36

$0.00

$0.00

$6,036,445.47	$6,036,885.83

Net Assets, Unrestricted	($4,139.20)														($4,139.20)	
Current Year Net Assets, Unrestricted	149,021.04														149,021.04	
Net Assets - General Government	(85,755.13)														(85,755.13)	
Current Year Net Assets - General Govt	(15,810.45)														(15,810.45)	
Net Assets, Unrestricted					$467,509.03										467,509.03	
Current Year Net Assets, Unrestricted					(240,115.48)										(240,115.48)	
Net Assets, Unrestricted							$143,376.65								143,376.65	
Current Year Net Assets, Unrestricted							(14,988.12)								(14,988.12)	
															0.00	
Current Year Net Assets, Unrestricted									71,080.22						71,080.22	
Net Assets, Unrestricted											$50,000.00				50,000.00	
Net Assets - General Government											(50,000.00)				(50,000.00)	
															0.00	
Current Year Net Assets, Unrestricted													365,554.53		365,554.53	
Total Net Assets	$43,316.26		$0.00		$227,393.55		$128,388.53		$71,080.22		$0.00		$365,554.53		$835,733.09	
																
Total Liabilities and Net Assets	$43,316.26		$0.00		$227,393.55		$128,828.89		$71,080.22		$0.00		$6,402,000.00		$6,872,618.92	

General Fund	Debt Service - 2014A1, 2019	Debt Service - 2014A2	Debt Service - 2018	Debt Service - 2025	Construction Fund - 2014A,2019	Long Term Debt Group	
Total	

$151,968.27							

$151,968.27	
149,021.04							149,021.04	
	$358,472.48						358,472.48	
	(410,268.31)						(410,268.31)	
		($26,366.43)					(26,366.43)	
		(0.01)					(0.01)	
			$175,350.26				175,350.26	
				$71,080.22		$365,554.53	436,634.75	
$300,989.31	($51,795.83)	($26,366.44)	$175,350.26	$71,080.22	$0.00	$365,554.53	$834,812.05	

$7,800.00							
$7,800.00	
3,351.00							3,351.00	
13,334.03							13,334.03	
28,233.36							28,233.36	
35,798.19							35,798.19	
11,000.00							11,000.00	
10,316.29							10,316.29	
12,500.00							12,500.00	
250.00							250.00	
3,800.00							3,800.00	
1,484.00							1,484.00	
2,012.79							2,012.79	
20.00							20.00	
1,545.00							1,545.00	
175.00							175.00	
3,327.10							3,327.10	
115.89							115.89	
4,096.00							4,096.00	
25,586.50							25,586.50	
5,000.00							5,000.00	

Revenues

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

Expenses

Supervisor Fees
Public Officials' Insurance Trustee Services Management Engineering
Disclosure Agent District Counsel
Assessment Administration Reamortization Schedules Audit
Postage & Shipping Legal Advertising Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees
Wetland Maintenance Reserve Wetlands Monitoring
General Insurance Landscape Improvements Contingency

	General Fund	Debt Service -
2014A1, 2019	Debt Service - 2014A2	Debt Service - 2018	Debt Service -	Construction 2025		Fund -	Long Term	Total Debt Group	
Miscellaneous	$19,655.21				19,655.21	
Principal Payment - 2019A1 Bond	50,000.00				50,000.00	
Interest Payments - 2014A1 Bond	15,012.50				15,012.50	
Interest Payments - 2019A1 Bond	116,002.51				116,002.51	
Interest Payments - 2014A2 bond		$61,593.75			61,593.75	
Principal Payment - 2018A1 Bond			$40,000.00		40,000.00	
Principal Payment - 2018A2 Bond			24,000.00		24,000.00	
Interest Payment - 2018A1 Bond			117,610.00		117,610.00	
Interest Payment - 2018A2 Bond			12,685.00		12,685.00	
Total Expenses	$169,745.15		$200,670.22		$61,593.75		$194,295.00		$0.00		$0.00		$0.00		$626,304.12	

2014A,2019

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$1,966.43														$1,966.43	
Interest Income			$12,350.57												12,350.57	
Interest Income					$1,960.00										1,960.00	
Interest Income							$3,956.62								3,956.62	
Total Other Revenues (Expenses) & Gains (Losses)	$1,966.43		$12,350.57		$1,960.00		$3,956.62		$0.00		$0.00		$0.00		$20,233.62	
Change In Net Assets	$133,210.59		($240,115.48)		($86,000.19)		($14,988.12)		$71,080.22		$0.00		$365,554.53		$157,661.33	

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

Net Assets At End Of Year	

$43,316.26		

$227,393.55		

$0.00		

$128,388.53		

$71,080.22		

$0.00		

$365,554.53		

$764,652.87	

Silverleaf CDD
Budget to Actual
For The Month Ending 5/31/2025

Year To Date

Actual		Budget		Variance		Adopted Budget	

$	

151,968.27
149,021.04		

$	

100,183.36
134,016.64		

$	

51,784.91
15,004.40		

$ 150,275.00
201,025.00	
$	300,989.31		$	234,200.00		$	66,789.31		$ 351,300.00	

$	
7,800.00		
$	
8,000.00		
$	
(200.00)		
$  12,000.00	
	3,351.00			2,362.64			988.36		3,544.00	
	13,334.03			8,900.00			4,434.03		13,350.00	
	28,233.36			28,233.36			-		42,350.00	
	35,798.19			20,000.00			15,798.19		30,000.00	
	11,000.00			10,000.00			1,000.00		15,000.00	
	10,316.29			13,333.36			(3,017.07)		20,000.00	
	12,500.00			8,333.36			4,166.64		12,500.00	
	250.00			500.00			(250.00)		750.00	
	3,800.00			3,500.00			300.00		5,250.00	
	-			666.64			(666.64)		1,000.00	
	1,484.00			133.36			1,350.64		200.00	
	2,012.79			1,000.00			1,012.79		1,500.00	
	20.00			333.36			(313.36)		500.00	
	-			166.64			(166.64)		250.00	
	1,545.00			1,880.00			(335.00)		2,820.00	
	175.00			116.64			58.36		175.00	
	3,327.10			13,333.36			(10,006.26)		20,000.00	
	115.89			1,333.36			(1,217.47)		2,000.00	
	-			18,333.84			(18,333.84)		27,400.73	
	-			6,666.64			(6,666.64)		10,000.00	
	4,096.00			2,888.00			1,208.00		4,332.00	
	-			3,333.36			(3,333.36)		5,000.00	
	25,586.50			-			25,586.50		-	
	5,000.00			73,090.08			(68,090.08)		11,743.17	
	-			7,762.00			(7,762.00)		109,635.10	
$	169,745.15		$	234,200.00		$	(64,454.85)		$ 351,300.00	
 $		169,745.15		 $		234,200.00		 $		(64,454.85)		 $ 351,300.00	
$	131,244.16		$	-		$	131,244.16		$	-	
$	1,966.43		$	-		$	1,966.43		$	-	
$	1,966.43		$	-		$	1,966.43		$	-	
$	133,210.59		$	-		$	133,210.59		$	-	

FY 2025

Percentage

Revenues
On-Roll Assessments Special Tax Assessment
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 Landscape Improvements Contingency
Hardscape Maintenance
Total General & Administrative Expenses

Total Expenses

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

Net Income (Loss)

Page 5 of 5

101.13%
74.13%

85.68%

65.00%
94.55%
99.88%
66.67%
119.33%
73.33%
51.58%
100.00%
33.33%
72.38%
0.00%
742.00%
134.19%
4.00%
0.00%
54.79%
100.00%
16.64%
5.79%
0.00%
0.00%
94.55%
0.00%
0.00%
42.58%
0.00%

48.32%