SILVER PALMS COMMUNITY DEVELOPMENT
DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING APRIL 18, 2022
6:00 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193

www.silverpalmscdd.org 786.347.2711 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA SILVER PALMS
COMMUNITY DEVELOPMENT DISTRICT
Meeting Room at Mercedes Benz of Cutler Bay 10701 SW 211th Street
Cutler Bay, Florida 33189
REGULAR BOARD MEETING
April 18, 2022
6:00 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
November 15, 2021 Regular Board Meeting	Page 2
New Business
Consider Approval of Turf Management Median Plant Replacement Proposal	Page 6
Discussion Regarding Lake Bank Encroachments and District Counsel’s Comments
Review Plant Removal Proposals Related to Lake Bank Encroachments	Page 8
Consider Approval of Resolution No. 2022-01 – Approving a Proposed Budget for
FY 2022/2023; and Providing an Effective Date…	Page 14
Old Business
Administrative Matters
Financial Update	Page 21
Reminder of Statement of Financial Interests Disclosure 2021 Form 1, Filing Deadline: July 1, 2022
Announce the General Election and Candidate Qualifying Period – Noon, Monday, June 13, 2022 through Friday, June 17, 2022
Additional Board Member/Staff Comments
Adjourn

.,

MIAMI DAILY BUSINESS REVIEW
Published Daily except Saturday, Sunday and Legal Holidays
Miami, Miami-Dade County, Florida

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared GUILLERMO GARCIA, who on oath says that he or she is the DIRECTOR OF OPERATIONS, Legal Notices of the Miami Daily

Business
Saturday, published

Review f/k/a Miami Review, a daily		(except Sunday	and	Legal	Holidays)	newspaper,

at Miami in Miami-Dade County, Florida; that the

attached copy of advertisement, being a Legal Advertisement of Notice in the matter of

SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2021/2022 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in said newspaper in the issues of 11/05/2021

Affiant further says that the said Miami Daily Business Review is a newspaper published at Miami, in said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Miami-Dade County, Florida each day (except Saturday, Sunday and Legal Holidays) and has been entered as second class mail matter at the post office in Miami in said Miami-Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that he or she has neither paid nor promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of this	advertisement	for publication in	the	said

(SEAL)
GUILLERMO GARCIA personally known to me

./.-.?. ·:&··"*'i• Commission# GG 21m1

.··" ? ,, CHRISTIN-A LYNN RAVIX

\ .	-�i Expires November 19, 2022
'•1.;;1Ri';f  ?:t":-.. BondedThruTroyFalnl11S11rance  800-385-7019

Page 1

SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
NOVEMBER 15, 2021

CALL TO ORDER

The November 15, 2021, Regular Board Meeting of the Silver Palms Community Development District (the “District”) was called to order at 6:06 p.m. in a Meeting Room of Mercedes Benz of Cutler Bay located at 10701 SW 211th Street, Cutler Bay, Florida 33189.

PROOF OF PUBLICATION

Proof of publication was presented that Notice of the Regular Board Meeting had been published in the Miami Daily Business Review on April 27, 2021, and May 4, 2021, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting: Chairperson Lisa Riley, Vice Chairman Miguel Zaiter and Supervisors Omar Reyes, Bryan Riley and Ashley Riley.

Staff in attendance included: District Manager Gloria Perez of Special District Services, Inc.; and General Counsel Gregory George of Billing, Cochran, Lyles, Mauro & Ramsey, P.A. (via phone).

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
May 17, 2021, Public Hearing &Regular Board Meeting

Mrs. Perez presented the May 17, 2021, Public Hearing & Regular Board Meeting minutes and asked if there were any corrections or additions.

There being none, a MOTION was made by Supervisor Ashley Riley, seconded by Supervisor Bryan Riley and unanimously passed approving the minutes of the May 17, 2021, Public Hearing & Regular Board Meeting, as presented.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS

Consider Resolution No. 2021-05 – Adopting a Fiscal Year 2020/2021 Amended Budget

Mrs. Perez presented Resolution No. 2021-05, entitled:

RESOLUTION NO. 2021-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2020/2021 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Mrs. Perez explained, as done every year for administrative and statutory requirements, within 60 days of any given fiscal year end, the Board adopts a revised/amended budget for said year. The fiscal year ended on September 30, 2021. This is the reason it is administrative in nature (past year’s budget for past year’s expenses) and will serve as the Board’s final approval/ratification of the District’s expenditures for the past fiscal year.

A MOTION was made by Supervisor Ashley Riley, seconded by Supervisor Bryan Riley and unanimously passed adopting Resolution No. 2021-05, adopting a Fiscal Year 2020/2021 Amended Budget.

Consider Audit Renewal – Grau & Associates

Mrs. Perez advised the Board that at the October 29, 2018, Board meeting, the firm of Grau & Associates was selected to perform the 9-30-2018, 9-30-2019 and 9-30-2020 year end audits with an option to perform the 9-30-2021 and 9-30-2022 audits.

The fee for the 9-30-2018 audit was $3,400; the fee for the 9-30-2019 audit was $3,500; and the fee for the 9-30-2020 audit was $3,600. The proposed fee for the 9-30-2021 audit is $3,700, which is the budgeted amount for audit fees for fiscal year 2021/2022; and the proposed fee for the 9-30- 2022 audit is $3,700.

Management is pleased with the professionalism and competence of the Grau & Associates partners and staff, therefore management recommends the renewal option for the fiscal years ending 9-30- 2021 and 9-30-2022 audits with Grau & Associates.

A MOTION was made by Supervisor Ashley Riley, seconded by Supervisor Bryan Riley and unanimously passed approving the 2-year audit renewal option with Grau & Associates for the fiscal years ending 9-30-2021 and 9-30-2022; further approving the proposed fees for the 9-30-2021 audit in the amount of $3,700; and the proposed fee for the 9-30-2022 audit, which is $3,700; and further authorizing District management to try negotiating a lower the amount, if possible.

Consider Turf Management Request for Increase

Mrs. Perez provided copies of the Turf Management request for a 5.8% increase to the current contract, noted that the current agreement was effective April 2018 and was in the amount of $17,810

annually. An additional 5.8% would increase the annual amount by $1,032.98 for a total annual cost of $18,842.98 (rounded off to $18,843) for aquatic services. Mrs. Perez went on to noted that fertilizations are currently $675 per application and an addition 5.8% would increase the cost by
$39.15 per application for a total of $714.15 (rounded off to $714) per application.

Mrs. Perez noted that she advised the contractor that the increase, if approved, would not be effective until November 1, 2022, which would allow the Board to increase assessments, if deemed necessary.

A MOTION was made by Supervisor Zaiter, seconded by Supervisor Ashley Riley and unanimously passed approving the 5.8% increase to the current Turf Management agreement with an effective date of November 1, 2022; and simultaneously authorizing District Counsel to prepare an amendment and for District management to execute same on behalf of the District.

Discussion Regarding Lake Bank Encroachments

The lake bank encroachments were discussed and the Board directed District management to gather proposals for the removal of the trees and landscaping. The Board further directed District Counsel to research the District’s ability and process for imposing costs on to the homeowners who are encroaching onto the lake bank and for District management to provide individual cost for said removal of vegetation.

ADMINISTRATIVE MATTERS
Financial Update

Mrs. Perez presented the financials in the meeting book and briefly reviewed them with the Board, pointing that available funds as of September 30, 2021, were $189,358.69.

BOARD MEMBER/STAFF ADDITIONAL COMMENTS/REQUESTS

There were no further Board Member or additional staff comments.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Supervisor Lisa Riley, seconded by Supervisor Ashley Riley and passed unanimously adjourning the meeting at 6:28 p.m.

ATTESTED BY:

 	
Secretary/Assistant Secretary	Chairperson/Vice-Chair

MANAGEMENT

,T,,U,
12600 S.W. 125 Avenue, Miami, FL 33186
(305) 255-7000, Fax (305) 255-1281

Proposal

TO:	Board of Directors, Silver Palms CCD
ADDRESS: Gloria Perez, District Manager 8785 SW 165 Ave. #200
Miami, FL 33193

DATE:	2/18/2022
JOB NAME:  Silver Palms
ixora replacement in median

gperez@sdsinc.org

We propose to remove and replace the poor performing ixora nora grants with 172 - 3g. Clusia spaced 4 ft. on center; demo and dispose of existing ixora; and mulch to finish at 1.5" thickness.

Clusia to be maintained at a height of 36" and 48" width. Clusia kept at this size will be full top to bottom and shade will deter weed growth eliminating future mulching under the hedge line.
Note that this location has no irrigation, thus new plants will require supplemental watering until established. Existing ixora plants are an acid loving plant, which were planted in a alkaline soil with no organic matter.
Clusia are less sensitive to the soil ph and dry conditions and will expand to a full hedge within a year.
Once established, pedistrian will not be able to walk thru the hedge.

Our charge for demo, plants and mulch, labor to install and disposal of debris. Water truck to establish ...

$	4,715

$175 per application

Signature: 		 _ Date: 	 _

By:	Fernando Toledo
ISA Certified Arborist For Turf Management

This Proposal becomes a Contract upon acceptance by both parties.

silver palms clusia

Page 6

2/22/22, 6:02 PM	Mail - Ronald Galvis - Outlook

Silver Palm Ixora
Fernando Toledo <turfferny1@gmail.com>
Mon 2/21/2022 12:18 PM
To: Gloria Perez <gperez@sdsinc.org>; Ronald Galvis <rGalvis@sdsinc.org>

1 attachments (168 KB) scan0063.pdf;

Good afternoon team, I am sending you our recommendation for Ixora replacement at Silver Palms CDD. At the moment there are currently 220 Ixoras that have to be replaced. ( Approximately $3300 to replace) Problem is that these plants do not like our soil. They are acid loving plants and are planted in alkaline soil with no organic matter. Therefore due to soil conditions and lack of water these plants are going to continue to fail. Rather than spending 3300 per year, we suggest to replace all with Clusia, which forms a great uniform hedge and are more drought resistant plants. Clusias will look good all year round and will also help avoid cars from parking in median. Let me know if board has any questions or concerns.

Price includes, demo installation and mulch.

--
Fernando Toledo
Certified Arborist
Turf Management Services, Inc. (305)992-9628

https://outlook.office.com/mail/inbox/id/AAQkADY2YmUzNmRlLTY3MWEtNGE5YS04NDc3LWExNmQzYmJmMzI3YwAQAHKPQE9U%P2aBBghePk7OBNG…  1/1

SP Silver Palms CDD Lake Encroachments Status	
Address	Encroachment Type	Last Actions Taken	Status	

10846 SW 229 ST	
Trees, Palm Trees and Objects	Courtesy Request Letter sent to Homeowner on
8/25/2021.	

Courtesy request letter sent	

23017 SW 108 CT	

Palm Trees	Courtesy Request Letter sent to Homeowner on
8/25/2021.	

Courtesy request letter sent	

23017 SW 109 AVE	

Trees	Courtesy Request Letter sent to Homeowner on
8/25/2021.	

Courtesy request letter sent	

10816 SW 229 ST	

Palm Trees	Courtesy Request Letter
sent to Homeowner on 11/22/2021.	

Courtesy request letter sent	

				

Page 8

10846 SW 229th ST.

23017 SW 108th CT.

23017 SW 109th AVE.

10816 SW 229th ST.

12600 S.W. 125 Avenue, Miami, FL 33186	
Phone: 305 255 7000	Fax: 305 255 1281	

TO:	Silver Palm CDD	DATE:	2/21/22	
	Community Development District	JOB NAME:	Easement Clearing	
ADDRESS:	2501 A Burns Road	JOB LOCATION:	Silver Palms	
	Palm Beach Gardens, Fl. 33410	PAGE:	1	
We hereby submit specifications and estimates for:			

Removal of plant material on easement, planted by homeowners.

23017 sw 108 ct	
Removal of Areca palms	

Proposal

$850.00

10846 sw 229 st		
Removal of Coconut Palms	$1,560.00	

10816 sw 229 st		
Removal of Coconut Palms	$2,200.00	

23017 sw 108 ct	
Removal of Coconut Palms	

$815.00

All plant material will be cut to ground level and hauled along easement.

Price includes clean up and disposal.

Turf Management carries $1,000,000 property liability insurance, vehicle insurance,	
and all workmen are covered under workers compensation.	

We Propose hereby to furnish material and/or labor in accordance with above specifications, for the sum of:

Acceptance of Proposal	
Signature		
Date		

By:	
Fernando Toledo	
For Turf Management	

This Proposal becomes a Contract upon acceptance by both parties.

RESOLUTION NO. 2022-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Silver Palms Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2022/2023 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for June 20, 2022 at 6:00 p.m. in the Meeting Room at Mercedes Benz of Cutler Bay, 10701 SW 211th Street, Cutler Bay, Florida 33189, and/or utilizing communications media technology (whichever is applicable) for the purpose of receiving public comments on the Proposed Fiscal Year 2022/2023 Budget.

PASSED, ADOPTED and EFFECTIVE this 18th day of April, 2022.

ATTEST:	SILVER PALMS
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Silver Palms Community Development District

Proposed Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

PROPOSED BUDGET
SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023 BUDGET	
Administrative Assessments	61,482	
Maintenance Assessments	38,828	
Debt Assessments	122,447	
Interest Income	180	
		
TOTAL REVENUES	$	222,937	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Lawn Maintenance/Landscaping	24,000	
Aquatic Maintenance	2,000	
Maintenance/District Improvements	4,205	
Engineering/Inspections	1,900	
Contingency/Reserve	4,394	
TOTAL MAINTENANCE EXPENDITURES	36,499	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Management	19,728	
Secretarial	2,700	
Legal	8,000	
Assessment Roll	3,500	
Audit Fees	3,700	
Insurance	6,420	
Legal Advertisements	550	
Miscellaneous	950	
Postage	250	
Office Supplies	500	
Dues & Subscriptions	175	
Trustee Fee	4,100	
Continuing Disclosure Fee	250	
Website Management	1,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	57,973	
		
TOTAL EXPENDITURES	$	94,472	
		
REVENUES LESS EXPENDITURES	$	128,465	
		
Bond Payments	(115,100)	
		
BALANCE	$	13,365	
		
County Appraiser & Tax Collector Fee	(4,455)	
Discounts For Early Payments	(8,910)	
		
Excess/ (Shortfall)	$	-	
		
Carryover Funds From Prior Year	0	
		
Net Excess/ (Shortfall)	$	-	

DETAILED PROPOSED BUDGET
SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021
ACTUAL	
FISCAL YEAR 2021/2022
BUDGET	
FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
Administrative Assessments	61,601	61,664	61,482	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	38,874	38,646	38,828	Expenditures /.94	
Debt Assessments	122,447	122,447	122,447	Bond Payments/.94	
Interest Income	221	180	180	Estimated At $15 Per Month	
					
TOTAL REVENUES	$	223,143	$	222,937	$	222,937		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Lawn Maintenance/Landscaping	21,955	22,000	24,000	$2,000 Increase From 2021/2022 Budget	
Aquatic Maintenance	2,000	2,000	2,000	No Change From 2021/2022 Budget	
Maintenance/District Improvements	154	4,205	4,205	No Change From 2021/2022 Budget	
Engineering/Inspections	1,075	1,900	1,900	No Change From 2021/2022 Budget	
Contingency/Reserve	0	6,223	4,394	$1,829 Decrease From 2021/2022 Budget	
TOTAL MAINTENANCE EXPENDITURES	25,184	36,328	36,499		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	3,000	6,000	5,000	Supervisor Fees	
Payroll Taxes (Employer)	230	480	400	Projected At 8% Of Supervisor Fees	
Management	18,900	19,164	19,728	CPI Adjustment (Capped At 3%)	
Secretarial	2,700	2,700	2,700	No Change From 2021/2022 Budget	
Legal	4,985	8,000	8,000	No Change From 2021/2022 Budget	
Assessment Roll	3,500	3,500	3,500	As Per Contract	
Audit Fees	3,600	3,700	3,700	Accepted Amount For 2021/2022 Audit	
Insurance	5,513	6,000	6,420	Insurance Estimate	
Legal Advertisements	293	550	550	No Change From 2021/2022 Budget	
Miscellaneous	322	1,000	950	$50 Decrease From 2021/2022 Budget	
Postage	116	250	250	No Change From 2021/2022 Budget	
Office Supplies	168	525	500	$25 Decrease From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fee	4,080	4,100	4,100	No Change From 2021/2022 Budget	
Continuing Disclosure Fee	250	250	250	No Change From 2021/2022 Budget	
Website Management	1,750	1,750	1,750	No Change From 2021/2022 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	49,582	$	58,144	$	57,973		
					
TOTAL EXPENDITURES	$	74,766	$	94,472	$	94,472		
					
REVENUES LESS EXPENDITURES	$	148,377	$	128,465	$	128,465		
					
Bond Payments	(116,653)	(115,100)	(115,100)	2023 P & I Payments Less Earned Interest	
					
BALANCE	$	31,724	$	13,365	$	13,365		
					
County Appraiser & Tax Collector Fee	(2,145)	(4,455)	(4,455)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(8,397)	(8,910)	(8,910)	Four Percent Of Total Assessment Roll	
					
Excess/ (Shortfall)	$	21,182	$	-	$	-		
					
Carryover Funds From Prior Year	0	0	0	Carryover Funds From Prior Year	
					
Net Excess/ (Shortfall)	$	21,182	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income	
6	
25	
10	
Projected Interest For 2022/2023	

NAV Tax Collection	
116,653	
115,100	
115,100	
Maximum Debt Service Collection	

Total Revenues	
$	116,659	
$	115,125	
$	115,110		

EXPENDITURES					

Principal Payments	
75,000	
75,000	
80,000	
Principal Payment Due In 2023	

Interest Payments	
39,975	
36,319	
33,800	
Interest Payments Due In 2023	

Bond Redemption	
0	
3,806	
1,310	
Estimated Excess Debt Collections	

Total Expenditures	
$	114,975	
$	115,125	
$	115,110		

Excess/ (Shortfall)	
$	1,684	
$	-	
$	-		

Series 2014 Bond Refunding Information		
Original Par Amount =	$1,660,000	Annual Principal Payments Due:	May 1st	
Interest Rate =	3.25% - 8.25%	May 1st	May 1st & November 1st	
Issue Date =	April 2014	Annual Interest Payments Due:		
Maturity Date =	May 2034	May 1st & November 1st		

Par Amount As Of 1/1/22 =	
$1,155,000			

Silver Palms Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2019/2020	2020/2021	2021/2022	2022/2023	
Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative	
$	304.89	
$	305.65	
$	306.79	
$	
305.88	
Maintenance	$	194.17	$	193.41	$	192.27	$	193.18	

Debt

$	609.19

$	609.19

$	609.19

$	609.19

Total

$	1,108.25	$

1,108.25	$

1,108.25	$

1,108.25

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:		 Total Units	201

4/8/2022 10:14 AM	IV

Silver Palms Community Development District

Financial Report For March 2022

Silver Palms Community Development District
Budget vs. Actual
October 2021 through March 2022

Oct 21 - March 22	21/22 Budget	$ Over Budget	% of Budget
 			
Income

363.100 ꞏ Admin Assessments	60,290.35		61,664.00		-1,373.65		97.77%	
363.101 ꞏ Maintenance Assessments	37,780.55		38,646.00		-865.45		97.76%	
363.810 ꞏ Debt Assessment	119,703.90		122,447.00		-2,743.10		97.76%	
363.820 ꞏ Debt Assessment-Paid To Trustee	-113,876.95		-115,100.00		1,223.05		98.94%	
363.830 ꞏ County Tax Collector Fee	-2,092.59		-4,455.00		2,362.41		46.97%	
363.831 ꞏ Discounts for Early Payments	-8,508.27		-8,910.00		401.73		95.49%	
369.401 ꞏ Interest Income	112.14		180.00		-67.86		62.3%	
Total Income	93,409.13		94,472.00		-1,062.87		98.88%	
Expense								
511.122 ꞏ Payroll Tax Expense	76.50		480.00		-403.50		15.94%	
511.131 ꞏ Supervisors Fees	1,000.00		6,000.00		-5,000.00		16.67%	
511.306 ꞏ Lawn Maint/Landscaping	9,520.00		22,000.00		-12,480.00		43.27%	
511.307 ꞏ Aquatic Maintenance	1,005.24		2,000.00		-994.76		50.26%	
511.308 ꞏ Maint/District Improvements	0.00		4,205.00		-4,205.00		0.0%	
511.309 ꞏ Contingency/Reserve	0.00		6,223.00		-6,223.00		0.0%	
511.310 ꞏ Engineering	0.00		1,900.00		-1,900.00		0.0%	
511.311 ꞏ Management Fees	9,582.00		19,164.00		-9,582.00		50.0%	
511.312 ꞏ Secretarial Fees	1,350.00		2,700.00		-1,350.00		50.0%	
511.315 ꞏ Legal Fees	2,132.50		8,000.00		-5,867.50		26.66%	
511.318 ꞏ Assessment/Tax Roll	0.00		3,500.00		-3,500.00		0.0%	
511.320 ꞏ Audit Fees	0.00		3,700.00		-3,700.00		0.0%	
511.450 ꞏ Insurance	5,706.00		6,000.00		-294.00		95.1%	
511.480 ꞏ Legal Advertisements	105.77		550.00		-444.23		19.23%	
511.512 ꞏ Miscellaneous	305.47		1,000.00		-694.53		30.55%	
511.513 ꞏ Postage and Delivery	79.96		250.00		-170.04		31.98%	
511.514 ꞏ Office Supplies	88.65		525.00		-436.35		16.89%	
511.540 ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 ꞏ Trustee Fees	0.00		4,100.00		-4,100.00		0.0%	
511.734 ꞏ Continuing Disclosure Fee	0.00		250.00		-250.00		0.0%	
511.750 ꞏ Website Management	874.98		1,750.00		-875.02		50.0%	
Total Expense	32,002.07		94,472.00		-62,469.93		33.88%	
Net Income		61,407.06			0.00			61,407.06			100.0%	

`	SILVER PALMS COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MARCH 2022

REVENUES	
Annual Budget
10/1/21 - 9/30/22	
Actual Mar-22	Year To Date Actual
10/1/21 - 3/31/22	
Administrative Assessments	61,664	920	60,290	
Maintenance Assessments	38,646	577	37,781	
Debt Assessments	122,447	1,828	119,704	
Interest Income	180	0	112	
				
Total Revenues	$	222,937	$	3,325	$	217,887	
				
EXPENDITURES				
Maintenance Expenditures				
Lawn Maintenance/Landscaping	22,000	2,020	9,520	
Aquatic Maintenance	2,000	166	1,005	
Maintenance/District Improvements	4,205	0	0	
Engineering/Inspections	1,900	0	0	
Contingency/Reserve	6,223	0	0	
Total Maintenance Expenditures	$	36,328	$	2,186	$	10,525	
				
Adminstrative Expenditures				
Supervisor Fees	6,000	0	1,000	
Payroll Taxes (Employer)	480	0	77	
Management	19,164	1,597	9,582	
Secretarial	2,700	225	1,350	
Legal	8,000	0	2,133	
Assessment Roll	3,500	0	0	
Audit Fees	3,700	0	0	
Insurance	6,000	0	5,706	
Legal Advertisements	550	0	106	
Miscellaneous	1,000	24	305	
Postage	250	39	80	
Office Supplies	525	10	89	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,100	0	0	
Continuing Disclosure Fee	250	0	0	
Website Management	1,750	146	874	
Total Administrative Expenditures	$	58,144	$	2,041	$	21,477	
				
Total Expenditures	$	94,472	$	4,227	$	32,002	
				
Revenues Less Expenditures	$	128,465	$	(902)	$	185,885	
				
Bond Payments	(115,100)	(1,785)	(113,877)	
				
Balance	$	13,365	$	(2,687)	$	72,008	
				
County Appraiser & Tax Collector Fee	(4,455)	(33)	(2,093)	
Discounts For Early Payments	(8,910)	(44)	(8,508)	
				
Excess/ (Shortfall)	$	-	$	(2,764)	$	61,407	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(2,764)	$	61,407	

Bank Balance As Of 3/31/22	$	262,443.74	
Accounts Payable As Of 3/31/22	$	11,677.99	
Accounts Receivable As Of 3/31/22	$	-	
Available Funds As Of 3/31/22	$	250,765.75	

SILVER PALMS CDD TAX COLLECTIONS 2021-2022

#	

ID#	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Commissions Paid	

Discount	

Net From Tax Collector	Admin.
Assessment Income (Before Discounts & Fee)	Maint Assessment Income (Before Discounts & Fee)	Debt Assessment Income (Before Discounts & Fee)	Admin.
Assessment Income (After Discounts & Fee)	Maint Assessment Income (After Discounts & Fee)	Debt Assessment Income (After Discounts & Fee)	

Debt Assessments Paid to Trustee	
									$222,757.00	$61,664.00	$38,646.00	$  122,447.00	$61,664.00	$38,646.00	$  122,447.00		
									$209,392.00	$57,964.00	$36,328.00	$  115,100.00	$57,964.00	$36,328.00	$  115,100.00	115,100.00	
1	1	Miami-Dade Tax Collector	11/26/21	NAV Taxes	$	13,290.95		$	(127.46)	$	(545.39)	$	12,618.10	$	3,678.90	$	2,306.00	$	7,306.05	$	3,492.60	$	2,189.25	$	6,936.25	$	6,936.25	
2	2	Miami-Dade Tax Collector	12/03/21	NAV Taxes	$  156,263.25		$	(1,500.12)	$  (6,250.53)	$  148,512.60	$	43,257.39	$	27,110.07	$	85,895.79	$	41,111.75	$	25,765.40	$	81,635.45	$	81,635.45	
3	3	Miami-Dade Tax Collector	12/08/21	NAV Taxes	$	22,165.00		$	(212.79)	$	(886.60)	$	21,065.61	$	6,135.80	$	3,845.40	$	12,183.80	$	5,831.41	$	3,654.70	$	11,579.50	$	11,579.50	
4	4	Miami-Dade Tax Collector	12/20/21	NAV Taxes	$	14,407.25		$	(138.42)	$	(565.21)	$	13,703.62	$	3,988.27	$	2,499.51	$	7,919.47	$	3,793.62	$	2,377.40	$	7,532.60	$	7,532.60	
5	5	Miami-Dade Tax Collector	01/11/22	NAV Taxes	$	4,991.15		$	(48.41)	$	(149.74)	$	4,793.00	$	1,381.55	$	865.95	$	2,743.65	$	1,326.65	$	831.60	$	2,634.75	$	2,634.75	
6	6	Miami-Dade Tax Collector	02/07/22	NAV Taxes	$	3,324.75		$	(32.58)	$	(66.48)	$	3,225.69	$	920.37	$	576.81	$	1,827.57	$	892.94	$	559.60	$	1,773.15	$	1,773.15	
7	Int -1	Miami-Dade Tax Collector	02/28/22	Interest		$	7.70			$	7.70	$	7.70			$	7.70			$	-	
8	7	Miami-Dade Tax Collector	03/07/22	NAV Taxes	$	3,324.75		$	(32.81)	$	(44.32)	$	3,247.62	$	920.37	$	576.81	$	1,827.57	$	898.97	$	563.40	$	1,785.25	$	1,785.25	
9									$	-							$	-	
10									$	-							$	-	
11									$	-							$	-	
12									$	-							$	-	
13									$	-							$	-	
14									$	-							$	-	
15									$	-							$	-	
					$ 217,767.10	$	7.70	$  (2,092.59)	$  (8,508.27)	$ 207,173.94	$  60,290.35	$  37,780.55	$ 119,703.90	$  57,355.64	$  35,941.35	$ 113,876.95	$ 113,876.95	

Note: $222,757, $61,664, $38,646 and $122,447 are 2021/2022 Budgeted
Assessment Roll:	assessments before discounts and fees.
$222,758.25	$209,392, $57,964, $36,328 and $115,100 are 2021/2022 Budgeted
assessments after discounts and fees.

$  217,767.10		
$	7.70	$  207,173.94	
$  (60,290.35)	$  (57,355.64)	
$  (37,780.55)	$  (35,941.35)	
$ (119,703.90)	$ (113,876.95)	
$	-	$	-