Silverleaf CDD
May 2026 Financial Package

May 31, 2026

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

Statement of Financial Position As of 5/31/2026

Debt Service -	Debt Service -	Debt Service -	Long Term	
2019	2018	2025	Debt Group	

General Fund	Total

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

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

$88,413.86 1,460.32
1,683.59
167.00

$91,724.77

$0.00		Assets

$10,735.44 79,434.37
137,064.69
3,697.71

$230,932.21

$0.00	

$12,348.42 46,550.18
72,450.70
1,218.12
1,260.50

$133,827.92

$0.00		

$14,452.06 98,431.80
1.61
3,416.71

$116,302.18

$0.00		

$0.00

$443,526.39 5,788,473.61

$6,232,000.00		

$88,413.86 1,460.32
1,683.59
167.00
10,735.44
79,434.37
137,064.69
3,697.71
12,348.42
46,550.18
72,450.70
1,218.12
1,260.50
14,452.06
98,431.80
1.61
3,416.71
$572,787.08

$443,526.39 5,788,473.61
$6,232,000.00	
Total Assets

Current Liabilities Accounts Payable Deferred Revenue Deferred Revenue Deferred Revenue Deferred Revenue
Total Current Liabilities

Long Term Liabilities
Revenue Bonds Payable LongTerm Total Long Term Liabilities

Total Liabilities	$91,724.77	$230,932.21

Liabilities and Net Assets

$145.00 1,460.32
$10,735.44

 
$1,605.32	$10,735.44

 
$0.00	$0.00

$1,605.32	$10,735.44	$133,827.92

$12,348.42

$12,348.42

$0.00

$12,348.42		$116,302.18

$14,452.06

$14,452.06

$0.00

$14,452.06		$6,232,000.00

$0.00

$6,232,000.00

$6,232,000.00

$6,232,000.00		$6,804,787.08

$145.00 1,460.32
10,735.44
12,348.42
14,452.06
$39,141.24

$6,232,000.00
$6,232,000.00

$6,271,141.24	

Net Assets
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets	

$147,458.36 2,818.37
(165,842.40)
105,685.12

$90,119.45

$91,724.77		

$231,811.09 (11,614.32)

$220,196.77

$230,932.21	

$131,356.12 (9,876.62)

$121,479.50

$133,827.92		

$91,589.27 10,260.85

$101,850.12

$116,302.18		

$0.00

$6,232,000.00		

$147,458.36 2,818.37
(165,842.40)
105,685.12
231,811.09
(11,614.32)
131,356.12
(9,876.62)
91,589.27
10,260.85

$533,645.84

$6,804,787.08	

Statement of Activities As of 5/31/2026

	General Fund		Debt Service - 2019	
Revenues				
On-Roll Assessments	$266,839.42			
Other Assessments	6,147.80			
Other Revenue	2,818.37			
On-Roll Assessments			$142,092.65	
On-Roll Assessments				
On Roll Assessments				
Total Revenues	$275,805.59		$142,092.65	
Expenses				
Supervisor Fees	$8,000.00			
Public Officials' Insurance	3,552.00			
Trustee Services	7,138.42			
Management	29,666.64			
Engineering	19,422.21			
Disclosure Agent	10,000.00			
District Counsel	12,641.20			
Assessment Administration	12,500.00			
Audit	3,900.00			
Arbitrage Calculation	3,500.00			
Tax Preparation	58.30			
Postage & Shipping	122.48			
Legal Advertising	393.46			
Miscellaneous	229.79			
Meeting Room	200.00			
Web Site Maintenance	1,760.00			
Dues, Licenses, and Fees	175.00			
Wetland Maintenance Reserve	16,823.48			
Wetlands Monitoring	3,597.12			
Stormwater Improvements	9,785.00			
General Insurance	4,342.00			
Hardscape Maintenance	19,495.00			
Principal Payment - 2019A1 Bond			$45,000.00	
Interest Payments - 2019A1 Bond			113,822.50	
Principal Payment - 2018A1 Bond				
Principal Payment - 2018A2 Bond				
Interest Payment - 2018A1 Bond				
Interest Payment - 2018A2 Bond				
Principal Payment - S2025				
Interest Payment - S2025				
Total Expenses	$167,302.10		$158,822.50	
Other Revenues (Expenses) & Gains (Losses)				
Interest Income			$5,115.53	
Interest Income				
Interest Income				
Total Other Revenues (Expenses) & Gains (Losses)	$0.00		$5,115.53	
Change In Net Assets	$108,503.49		($11,614.32)	

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

Net Assets At End Of Year	

$90,119.45		

$220,196.77	

Debt Service - 2025		Long Term Debt Group		Total	

$191,288.20
$191,288.20		

$0.00		
$266,839.42
6,147.80
2,818.37
142,092.65
163,442.20
191,288.20
$772,628.64	

$76,000.00 105,030.84
$181,030.84		

$0.00		
$8,000.00 3,552.00
7,138.42
29,666.64
19,422.21
10,000.00
12,641.20
12,500.00
3,900.00
3,500.00
58.30
122.48
393.46
229.79
200.00
1,760.00
175.00
16,823.48
3,597.12
9,785.00
4,342.00
19,495.00
45,000.00
113,822.50
45,000.00
4,000.00
115,510.00
11,859.00
76,000.00
105,030.84
$683,524.44	

$3.49
$3.49

$10,260.85

$91,589.27		

$0.00

$0.00

$0.00		
$5,115.53 3,050.18
3.49
$8,169.20

$97,273.40

$436,372.44	

$101,850.12		

$0.00		

$533,645.84	

Debt Service - 2018

$163,442.20

$163,442.20

$45,000.00 4,000.00
115,510.00
11,859.00

$176,369.00

$3,050.18

$3,050.18 ($9,876.62)
$131,356.12

$121,479.50

Silverleaf CDD	
Budget to Actual	
For the Month Ending 5/31/2026	

Year To Date	
		
Actual		
Budget		
Variance	FY26 Adopted Budget		
Percentage	

Revenues														
On-Roll Assessments	$	214,911.93		$	145,682.00		$	121,157.42		$	218,523.00		98.3%	
Other Assessments		6,147.80			-			6,147.80			-		-	
Other Revenue		2,818.37			-			2,818.37			-		-	
Carry Forward Revenue		51,927.49			35,200.00			(35,200.00)			52,800.00		98.3%	
Net Revenues	$	275,805.59		$	180,882.00		$	94,923.59		$	271,323.00		101.7%	
General & Administrative Expenses														
Supervisor Fees	$	8,000.00		$	8,000.00		$	-	$	12,000.00		66.7%	
Public Officials' Insurance		3,552.00			2,513.36			1,038.64			3,770.00		94.2%	
Trustee Services		7,138.42			8,900.00			(1,761.58)			13,350.00		53.5%	
Management		29,666.64			29,666.64			-			44,500.00		66.7%	
Engineering		19,422.21			20,000.00			(577.79)			30,000.00		64.7%	
Disclosure Agent		10,000.00			7,333.36			2,666.64			11,000.00		90.9%	
District Counsel		12,641.20			13,333.36			(692.16)			20,000.00		63.2%	
Assessment Administration		12,500.00			8,333.36			4,166.64			12,500.00		100.0%	
Reamortization Schedules		-			500.00			(500.00)			750.00		0.0%	
Audit		3,900.00			3,133.36			766.64			4,700.00		83.0%	
Arbitrage Calculation		3,500.00			666.64			2,833.36			1,000.00		350.0%	
Tax Preparation		58.30			33.36			24.94			50.00		116.6%	
Postage & Shipping		122.48			1,000.00			(877.52)			1,500.00		8.2%	
Legal Advertising		393.46			1,000.00			(606.54)			1,500.00		26.2%	
Miscellaneous		229.79			333.36			(103.57)			500.00		46.0%	
Meeting Room		200.00			-			200.00			-		-	
Web Site Maintenance		1,760.00			2,280.00			(520.00)			3,420.00		51.5%	
Dues, Licenses, and Fees		175.00			116.64			58.36			175.00		100.0%	
Wetland Maintenance Reserve		16,823.48			13,333.36			3,490.12			20,000.00		84.1%	
Wetlands Monitoring		3,597.12			666.64			2,930.48			1,000.00		359.7%	
Hurricane Clean Up		-			13,333.36			(13,333.36)			20,000.00		0.0%	
Stormwater Management		-			20,000.00			(20,000.00)			30,000.00		0.0%	
Stormwater Improvements		9,785.00			6,666.64			3,118.36			10,000.00		97.9%	
General Insurance		4,342.00			3,072.00			1,270.00			4,608.00		94.2%	
General Repair & Maintenance		-			3,333.36			(3,333.36)			5,000.00		-	
Hardscape Maintenance		19,495.00			13,333.20			6,161.80			20,000.00		97.5%	
Total General & Administrative	$	167,302.10		$	180,882.00		$	(13,579.90)	$ 271,323.00		61.7%	
Total Expenses	 $		167,302.10		 $		180,882.00		 $		(13,579.90)	 $ 271,323.00			
Net Income (Loss)	$	108,503.49		$	-		$	108,503.49		$	-