Silverleaf CDD
June 2025 Financial Package

June 30, 2025

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

Debt Service -	Debt Service -	Debt Service -	Debt Service -	Construction	Construction	Long Term	
2019	2014A2	2018	2025	Fund - 2019	Fund - 2025	Debt Group	

General Fund	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
Revenue Account 2025
Interest Account 2025 Cost of Issuance 2025 Total Current Assets	

$26,932.93 3,025.46
4,781.38
167.00

$34,906.77		

$145,572.62
3,570.52
79,434.37

$228,577.51		Assets

$80,581.09 1,176.21
46,550.18
1,217.15

$0.00	$129,524.63		

$15,924.75 55,601.75

$71,526.50		

$0.00		

$43,448.82
$43,448.82		

$0.00		

$26,932.93 3,025.46
4,781.38
167.00
145,572.62
3,570.52
79,434.37
80,581.09
1,176.21
46,550.18
1,217.15
15,924.75
55,601.75

$507,984.23 43,448.82	
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		

$0.00		

$429,628.64 5,972,371.36
$6,402,000.00		

$429,628.64 5,972,371.36
$6,402,000.00	
Total Assets	$34,906.77		$228,577.51		$0.00		$129,524.63		$71,526.50		$0.00		$43,448.82		$6,402,000.00		$6,909,984.23	

General Fund

Debt Service -	Debt Service -	Debt Service -	Debt Service -	Construction	Construction	Long Term	
2019	2014A2	2018	2025	Fund - 2019	Fund - 2025	Debt Group	

Liabilities and Net Assets

Total

Current Liabilities
Accounts Payable
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities

$10,220.00

$10,220.00

$0.00

$0.00

$0.00

$0.00	$0.00	$0.00

$0.00	$0.00	$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$6,036,445.47

$6,036,445.47

$10,220.00

$10,220.00

$6,036,445.47

$6,036,445.47

        

Total Liabilities

Net Assets

$10,220.00

$0.00

$0.00	$0.00	$0.00

$0.00

$0.00

$6,036,445.47	$6,046,665.47

Net Assets, Unrestricted	($4,139.20)																($4,139.20)	
Current Year Net Assets, Unrestricted	149,604.88																149,604.88	
Net Assets - General Government	(85,755.13)																(85,755.13)	
Current Year Net Assets - General Govt	(35,023.78)																(35,023.78)	
Net Assets, Unrestricted			$467,509.03														467,509.03	
Current Year Net Assets, Unrestricted			(238,931.52)														(238,931.52)	
Net Assets, Unrestricted							$143,376.65										143,376.65	
Current Year Net Assets, Unrestricted							(13,852.02)										(13,852.02)	
Current Year Net Assets, Unrestricted									$71,526.50								71,526.50	
Net Assets, Unrestricted											$50,000.00						50,000.00	
Net Assets - General Government											(50,000.00)						(50,000.00)	
Current Year Net Assets, Unrestricted													$43,448.82				43,448.82	
Current Year Net Assets, Unrestricted															$365,554.53		365,554.53	
Total Net Assets	$24,686.77		$228,577.51		$0.00		$129,524.63		$71,526.50		$0.00		$43,448.82		$365,554.53		$863,318.76	
																		
Total Liabilities and Net Assets	$34,906.77		$228,577.51		$0.00		$129,524.63		$71,526.50		$0.00		$43,448.82		$6,402,000.00		$6,909,984.23	

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

$152,409.95																

$152,409.95	
149,604.88																149,604.88	
		$358,836.54														358,836.54	
		(410,268.32)										(410,268.32)
(26,366.47)
176,472.16	
				($26,366.47)											
						$176,026.37		$445.79									
																71,080.26	
												$159,948.28				159,948.28	
								71,080.26						$365,554.53		365,554.53	
$302,014.83		($51,431.78)		($26,366.47)		$176,026.37		$71,526.05		$0.00		$0.00		$365,554.53		$997,271.81	

$8,800.00																
$8,800.00	
3,351.00																3,351.00	
13,334.03																13,334.03	
31,762.53																31,762.53	
39,095.69																39,095.69	
11,000.00																11,000.00	
11,883.79																11,883.79	
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	
40.82																40.82	
1,680.00																1,680.00	
175.00																175.00	
3,327.10																3,327.10	
115.89																115.89	
4,096.00																4,096.00	
35,806.50																35,806.50	
5,000.00																5,000.00	
		$19,655.21														19,655.21	
		50,000.00														50,000.00	
		15,012.50														15,012.50	
		116,002.51														116,002.51	
				$61,593.75												61,593.75	
						$40,000.00										40,000.00	
						24,000.00										24,000.00	
						117,610.00										117,610.00	
						12,685.00										12,685.00	
												$74,500.00				74,500.00	
												22,000.00				22,000.00	
												20,000.00				20,000.00	
$189,515.14		$200,670.22		$61,593.75		$194,295.00		$0.00		$0.00		$116,500.00		$0.00		$762,574.11	

Revenues
On-Roll Assessments Special Tax Assessment On-Roll Assessments
Inter-Fund Group Transfers In Inter-Fund Group Transfers In On-Roll Assessments Interfund Transfer In
Debt Proceeds 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 Miscellaneous
Principal Payment - 2019A1 Bond Interest Payments - 2014A1 Bond Interest Payments - 2019A1 Bond Interest Payments - 2014A2 bond Principal Payment - 2018A1 Bond Principal Payment - 2018A2 Bond Interest Payment - 2018A1 Bond Interest Payment - 2018A2 Bond Bond Counsel
Financial Advisor Consulting Fees
Total Expenses

General Fund		Debt Service - 2019		Debt Service - 2014A2		Debt Service - 2018A		Debt Service - 2025		Construction Fund - 2019		Construction Fund - 2025		Long Term Debt Group		Total	
Other Revenues (Expenses) & Gains (Losses)
Interest Income Interest Income Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)	

$2,081.41

$2,081.41		

$13,170.48

$13,170.48		

$1,960.03

$1,960.03		

$4,416.61

$4,416.61		

$0.45

$0.45		

$0.00		

$0.54

$0.54		

$0.00		

$2,081.41 13,170.48
1,960.03
4,417.60
$21,629.52	
Change In Net Assets	$114,581.10		($238,931.52)		($86,000.19)		($13,852.02)		$71,526.50		$0.00		$43,448.82		$365,554.53		$256,327.22	
Net Assets At Beginning Of Year	($89,894.33)		$467,509.03		$86,000.19		$143,376.65		$0.00		$0.00		$0.00		$0.00		$606,991.54	

Net Assets At End Of Year	
$24,686.77		
$228,577.51		
$0.00		
$129,524.63		
$71,526.50		
$0.00		
$43,448.82		
$365,554.53		
$863,318.76	

Silverleaf CDD
Budget to Actual
For The Month Ending 6/30/2025

Year To Date
		
Actual		
Budget		
Variance	FY 2025
Adopted Budget	
Revenues												
On-Roll Assessments	$	152,409.95		$	112,706.25		$	39,703.70	$150,275.00	
Special Tax Assessment		149,604.88			150,768.75			(1,163.87)	201,025.00	
Net Revenues	$	302,014.83		$	263,475.00		$	38,539.83	
$351,300.00	
General & Administrative Expenses										
Supervisor Fees	$	8,800.00		$	9,000.00		$	(200.00)	$ 12,000.00	
Public Officials' Insurance		3,351.00			2,657.97			693.03	3,544.00	
Trustee Services		13,334.03			10,012.50			3,321.53	13,350.00	
Management		31,762.53			31,762.53			-	42,350.00	
Engineering		39,095.69			22,500.00			16,595.69	30,000.00	
Disclosure Agent		11,000.00			11,250.00			(250.00)	15,000.00	
District Counsel		11,883.79			15,000.03			(3,116.24)	20,000.00	
Assessment Administration		12,500.00			9,375.03			3,124.97	12,500.00	
Reamortization Schedules		250.00			562.50			(312.50)	750.00	
Audit		3,800.00			3,937.50			(137.50)	5,250.00	
Arbitrage Calculation		-			749.97			(749.97)	1,000.00	
Postage & Shipping		1,484.00			150.03			1,333.97	200.00	
Legal Advertising		2,012.79			1,125.00			887.79	1,500.00	
Miscellaneous		40.82			375.03			(334.21)	500.00	
Office Supplies		-			187.47			(187.47)	250.00	
Web Site Maintenance		1,680.00			2,115.00			(435.00)	2,820.00	
Dues, Licenses, and Fees		175.00			131.22			43.78	175.00	
Wetland Maintenance Reserve		3,327.10			15,000.03			(11,672.93)	20,000.00	
Wetlands Monitoring		115.89			1,500.03			(1,384.14)	2,000.00	
Stormwater Management		-			20,625.57			(20,625.57)	27,400.73	
Stormwater Improvements		-			7,499.97			(7,499.97)	10,000.00	
General Insurance		4,096.00			3,249.00			847.00	4,332.00	
General Repair & Maintenance		5,000.00			3,750.03			1,249.97	5,000.00	
Hardscape Maintenance		35,806.50			82,226.34			(46,419.84)	11,743.17	
Special Assessment Contingency		-			8,732.25			(8,732.25)	109,635.10	
Total General & Administrative Expenses	$	189,515.14		$	263,475.00		$	(73,959.86)	
$351,300.00	
Total Expenses	 $		189,515.14		 $		263,475.00		 $		(73,959.86)	 $351,300.00	
Income (Loss) from Operations Other Income (Expense)
Interest Income	$	112,499.69		$	-		$	112,499.69		$	-	
	$	2,081.41		$	-		$	2,081.41		$	-	
Total Other Income (Expense)	$	2,081.41		$	-		$	2,081.41		$	-	
Net Income (Loss)	$	114,581.10		$	-		$	114,581.10		$	-	

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