Silverleaf CDD
March 2026 Financial Package

March 31, 2026

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

Statement of Financial Position As of 3/31/2026

	General Fund		Debt Service - 2019		Debt Service - 2018		Debt Service - 2025		Long Term Debt Group		Total	
			
Assets										
Current Assets													
GF Checking account	$120,451.30											$120,451.30	
Assessments Receivable	6,056.13											6,056.13	
Prepaid Expenses	1,683.59											1,683.59	
Deposits	167.00											167.00	
Assessments Receivable			$13,438.66									13,438.66	
Due From Other Funds			995.79									995.79	
Debt Service Reserve 2019A1			79,434.37									79,434.37	
Revenue Account 2019A1			233,447.66									233,447.66	
Prepayment Acct. 2019A1			3,676.21									3,676.21	
Assessments Receivable						$15,457.81						15,457.81	
Due from Other Funds						1,145.41						1,145.41	
Debt Service Reserve 2018A1 Bond						46,550.18						46,550.18	
Revenue 2018A Bond						179,559.04						179,559.04	
Prepayment 2018A1 Bond						1,211.03						1,211.03	
Prepayment 2018A2 Bond						1,253.17						1,253.17	
Assessments Receivable								$18,091.20				18,091.20	
Due From Other Funds								1,340.55				1,340.55	
Revenue Account 2025								213,879.82				213,879.82	
Interest Account 2025								1.61				1.61	
Prepayment 2025								3,416.69				3,416.69	
Total Current Assets	$128,358.02		$330,992.69			$245,176.64		$236,729.87		$0.00		$941,257.22	

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

$748,416.14		

$748,416.14	
										5,648,583.86		5,648,583.86	
	$0.00		$0.00			$0.00		$0.00		$6,397,000.00		$6,397,000.00	
Total Assets	$128,358.02		$330,992.69			$245,176.64		$236,729.87		$6,397,000.00		$7,338,257.22	

Liabilities and Net Assets								
Current Liabilities										
Accounts Payable	$9,360.46								$9,360.46	
Due To Other Funds	3,481.75								3,481.75	
Deferred Revenue	6,056.13								6,056.13	
Deferred Revenue		$13,438.66							13,438.66	
Deferred Revenue			$15,457.81						15,457.81	
Deferred Revenue		
			$18,091.20				18,091.20	
Total Current Liabilities	$18,898.34	$13,438.66	$15,457.81		$18,091.20		$0.00		$65,886.01	

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities										

$6,397,000.00		

$6,397,000.00	
	$0.00		$0.00			$0.00		$0.00		$6,397,000.00		$6,397,000.00	
Total Liabilities	$18,898.34		$13,438.66			$15,457.81		$18,091.20		$6,397,000.00		$6,462,886.01	

Net Assets
Net Assets, Unrestricted	$147,458.36										$147,458.36	
Current Year Net Assets, Unrestricted	2,583.89										2,583.89	
Net Assets - General Government	(165,842.40)										(165,842.40)	
Current Year Net Assets - General Govt	125,259.83										125,259.83	
Net Assets, Unrestricted			$231,811.09								231,811.09	
Current Year Net Assets, Unrestricted			85,742.94								85,742.94	
Net Assets, Unrestricted					$131,356.12						131,356.12	
Current Year Net Assets, Unrestricted					98,362.71						98,362.71	
Net Assets, Unrestricted							$91,589.27				91,589.27	
Current Year Net Assets, Unrestricted							127,049.40				127,049.40	
Total Net Assets	$109,459.68		$317,554.03		$229,718.83		$218,638.67		$0.00		$875,371.21	
												
Total Liabilities and Net Assets	$128,358.02		$330,992.69		$245,176.64		$236,729.87		$6,397,000.00		$7,338,257.22	

Debt Service - 2025		Long Term Debt Group		Total	

$187,649.06
$187,649.06		

$0.00		

$262,243.61
6,147.80
2,583.89
139,389.43
160,332.81
187,649.06
$758,346.60	

$5,000.00 55,601.34
$60,601.34		

$0.00		
$6,000.00 3,552.00
7,138.42
22,249.98
12,458.97
10,000.00
11,120.20
12,500.00
1,500.00
3,500.00
58.30
92.13
283.85
229.79
200.00
1,470.00
175.00
13,383.82
9,785.00
4,342.00
3,597.12
19,495.00
56,911.25
57,755.00
5,929.50
5,000.00
55,601.34
$324,328.67	

$1.68
$1.68

$127,049.40

$91,589.27		

$0.00

$0.00

$0.00		
$3,264.76 1,714.40
1.68
$4,980.84

$438,998.77

$436,372.44	

$218,638.67		

$0.00		

$875,371.21	

Statement of Activities As of 3/31/2026

Revenues

General Fund

Debt Service - 2019

Debt Service - 2018

On-Roll Assessments	$262,243.61				
Other Assessments	6,147.80				
Other Revenue	2,583.89				
On-Roll Assessments			$139,389.43		
On-Roll Assessments					$160,332.81	
On Roll Assessments						
Total Revenues	$270,975.30		$139,389.43		$160,332.81	

   

Expenses

Supervisor Fees	$6,000.00				
Public Officials' Insurance	3,552.00				
Trustee Services	7,138.42				
Management	22,249.98				
Engineering	12,458.97				
Disclosure Agent	10,000.00				
District Counsel	11,120.20				
Assessment Administration	12,500.00				
Audit	1,500.00				
Arbitrage Calculation	3,500.00				
Tax Preparation	58.30				
Postage & Shipping	92.13				
Legal Advertising	283.85				
Miscellaneous	229.79				
Meeting Room	200.00				
Web Site Maintenance	1,470.00				
Dues, Licenses, and Fees	175.00				
Wetland Maintenance Reserve	13,383.82				
Stormwater Improvements	9,785.00				
General Insurance	4,342.00				
Wetland Mitigation	3,597.12				
Hardscape Maintenance	19,495.00				
Interest Payments - 2019A1 Bond			$56,911.25		
Interest Payment - 2018A1 Bond					$57,755.00	
Interest Payment - 2018A2 Bond					5,929.50	
Principal Payment - S2025						
Interest Payment - S2025						
Total Expenses	$143,131.58		$56,911.25		$63,684.50	

Other Revenues (Expenses) & Gains (Losses)

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

$0.00		$3,264.76

$3,264.76		
$1,714.40

$1,714.40	
Change In Net Assets	$127,843.72		$85,742.94		$98,362.71	

Net Assets At Beginning Of Year	
($18,384.04)		
$231,811.09		
$131,356.12	

Net Assets At End Of Year	

$109,459.68		

$317,554.03		

$229,718.83	

Silverleaf CDD
Budget to Actual
For The Month Ending 3/31/2026

Year To Date

Actual	Budget	Variance

FY26 Adopted Budget

Percentage

Revenues

On-Roll Assessments	$	211,210.48		$	109,261.50		$	101,948.98		$  218,523.00		96.7%	
Other Assessments	6,147.80		-		6,147.80		-		-	
Other Revenue	2,583.89		-		2,583.89		-		-	
Carry Forward Revenue	51,033.13		26,400.00		24,633.13		52,800.00		96.7%	
Net Revenues	$	270,975.30		$	135,661.50		$	135,313.80		$  271,323.00		99.9%	

General & Administrative Expenses

Supervisor Fees	$	6,000.00		$	6,000.00		$	-		$	12,000.00		50.0%	
Public Officials' Insurance	3,552.00		1,885.02		1,666.98		3,770.00		94.2%	
Trustee Services	7,138.42		6,675.00		463.42		13,350.00		53.5%	
Management	22,249.98		22,249.98		-		44,500.00		50.0%	
Engineering	12,458.97		15,000.00		(2,541.03)		30,000.00		41.5%	
Disclosure Agent	10,000.00		5,500.02		4,499.98		11,000.00		90.9%	
District Counsel	11,120.20		10,000.02		1,120.18		20,000.00		55.6%	
Assessment Administration	12,500.00		6,250.02		6,249.98		12,500.00		100.0%	
Reamortization Schedules	-		375.00		(375.00)		750.00		0.0%	
Audit	1,500.00		2,350.02		(850.02)		4,700.00		31.9%	
Arbitrage Calculation	3,500.00		499.98		3,000.02		1,000.00		350.0%	
Tax Preparation	58.30		25.02		33.28		50.00		116.6%	
Postage & Shipping	92.13		750.00		(657.87)		1,500.00		6.1%	
Legal Advertising	283.85		750.00		(466.15)		1,500.00		18.9%	
Miscellaneous	229.79		250.02		(20.23)		500.00		46.0%	
Meeting Room	200.00		-		200.00		-		-	
Web Site Maintenance	1,470.00		1,710.00		(240.00)		3,420.00		43.0%	
Dues, Licenses, and Fees	175.00		87.48		87.52		175.00		100.0%	
Wetland Maintenance Reserve	16,980.94		10,000.02		6,980.92		20,000.00		84.9%	
Wetlands Monitoring	-		499.98		(499.98)		1,000.00		0.0%	
Hurricane Clean Up	-		10,000.02		(10,000.02)		20,000.00		0.0%	
Stormwater Management	-		15,000.00		(15,000.00)		30,000.00		0.0%	
Stormwater Improvements	9,785.00		4,999.98		4,785.02		10,000.00		97.9%	
General Insurance	4,342.00		2,304.00		2,038.00		4,608.00		94.2%	
General Repair & Maintenance	-		2,500.02		(2,500.02)		5,000.00		-	
Hardscape Maintenance	19,495.00		9,999.90		9,495.10		20,000.00		97.5%	
Total General & Administrative Expenses	$	143,131.58		$	135,661.50		$	7,470.08		$  271,323.00		52.8%	
Total Expenses	 $	143,131.58		 $	135,661.50		 $	7,470.08		 $  271,323.00			
Net Income (Loss)	$	127,843.72		$	-		$	127,843.72		$	-