Magic Reserve CDD
March 2025 Financial Package

March 31, 2025

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

Magic Reserve CDD	
Statement of Financial Position	
As of 3/31/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Group

Total

$	246,627.27	
53,643.84	
336.71	
2,995.00	
41,885.51	
5,830.87	
343,825.00	
464,451.24	
5,683.68	
$  1,165,279.12	

Assets

$	246,627.27	
53,643.84	
336.71	
2,995.00	

$	41,885.51	
5,830.87	
343,825.00	
464,451.24	

Current Assets	
General Checking Account	
Assessments Receivable	
Prepaid Expenses	
Deposits	
Assessments Receivable	
Due From Other Funds	
Debt Service Reserve Series 2016	
Revenue Series 2016	
Acquisition/Construction Series 2016	
Total Current Assets	

$	303,602.82

$

$	855,992.62	$

5,683.68

5,683.68	$	-

		

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

$	808,276.24	
3,711,723.76	
$  4,520,000.00	

$	808,276.24	
3,711,723.76	
$  4,520,000.00	

$	-	$	-	$	-

Total Assets

$	303,602.82

$	855,992.62	$

5,683.68

$  4,520,000.00

$  5,685,279.12

$	159,090.85	
53,643.84	
41,885.51	
$	254,620.20	

Liabilities and Net Assets

$	159,090.85	
53,643.84	

Current Liabilities	
Accounts Payable	
Deferred Revenue	
Deferred Revenue	
Total Current Liabilities	

$	212,734.69

$	41,885.51

$	41,885.51	$	-	$	-

Long Term Liabilities	
Revenue Bonds Payable - Long-Term	
Total Long Term Liabilities	

$	-	$

-	$	-

$  4,520,000.00
$  4,520,000.00

$  4,520,000.00

$  4,520,000.00

				

Total Liabilities

$	212,734.69

$	41,885.51	$

-	$  4,520,000.00

$  4,774,620.20

				

$	(10,190.29)	
17,222.20	
83,836.22	

$	730,318.28	
83,788.83	

$	90,868.13	$	814,107.11	$	-

				

Net Assets	
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 - General Government	
Total Net Assets	

$	(10,190.29)	
17,222.20	
83,836.22	
730,318.28	
83,788.83	
200,780.62	
103.06	
(195,200.00)	
$	910,658.92	

$	200,780.62	
103.06	
(195,200.00)	
$	5,683.68	

Total Liabilities and Net Assets

$	303,602.82

$	855,992.62	$

5,683.68

$  4,520,000.00

$  5,685,279.12

Magic Reserve CDD	
Statement of Activities	
As of 3/31/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Group

Total

$	105,000.00	
119,115.63	
$	224,115.63	

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

$	6,889.38	
12,289.13	
103.06	
$	19,281.57	

On-Roll Assessments	
Other Income & Other Financing Sources	
On-Roll Assessments	
Other Income & Other Financing Sources	
Total Revenues	

$  375,785.86	
2,816.72	
293,416.02	
2,199.31	
$  674,217.91	

Revenues

$	375,785.86	
2,816.72	

$	378,602.58	$	-	$	-

$	293,416.02	
2,199.31	
$	295,615.33	

Public Officials Insurance	
Trustee Services	
Management	
Engineering	
Disclosure Agent	
Property Appraiser	
District Counsel	
Assessment Administration	
Arbitrage Calculation	
Legal Advertising	
Contingency	
Web Site Maintenance	
Dues, Licenses, and Fees	
Irrigation	
Property & Casualty	
General Repair & Maintenance	
Lake Maintenance	
Landscaping Maintenance & Material	
Streetlights	
Principal Payment	
Interest Payments	
Total Expenses	

$	3,270.00	
4,040.64	
17,500.02	
720.00	
2,500.00	
103.57	
5,714.50	
5,000.00	
500.00	
513.17	
1.38	
960.00	
175.00	
94,870.15	
3,996.00	
116,876.50	
690.00	
9,948.25	
34,276.56	
105,000.00	
119,115.63	
$  525,771.37	

Expenses

$	3,270.00	
4,040.64	
17,500.02	
720.00	
2,500.00	
103.57	
5,714.50	
5,000.00	
500.00	
513.17	
1.38	
960.00	
175.00	
94,870.15	
3,996.00	
116,876.50	
690.00	
9,948.25	
34,276.56	

Other Revenues (Expenses) & Gains (Losses)	$	301,655.74				$	-		
$	-	
	$	6,889.38		
$	12,289.13		

$	103.06		

	
	$	6,889.38		$	12,289.13		$	103.06		$	-	
Change In Net Assets	$	83,836.22		$	83,788.83		$	103.06		$	-	$  167,728.11	

Net Assets At Beginning Of Year	
$	7,031.91		
$	730,318.28		
$	5,580.62		
$	-	$  742,930.81	

Net Assets At End Of Year	

$	90,868.13		

$	814,107.11		

$	5,683.68		 

$	-	$  910,658.92	

Magic Reserve CDD	
Budget to Actual	
For the month ending 03/31/2025	

YTD Actual	YTD Budget	YTD Variance

FY 2025
Adopted Budget

Percentage Spent

Revenues	
On-Roll Assessments	
Interest Income	
Other Income & Other Financing Sources	
Net Revenues	

	
$  375,785.86		$ 214,715.00	
6,889.38		-	
2,816.72		-	
$  385,491.96		$ 214,715.00	

	
$  161,070.86		$	429,430.00		87.51%	
6,889.38		-		0.00%	
2,816.72		-		0.00%	
$  170,776.96		$	429,430.00		89.77%	

General & Administrative Expenses	
Trustee Services	
District Management Fees	
Engineering Fees	
Disclosure Agent	
Property Appraiser	
District Counsel	
Assessment Administration	
Re-Amortization Schedule	
Arbitrage	
Audit	
Legal Advertising	
Contingency	
Web Site Maintenance	
Dues, Licenses & Fees	
Irrigation	
Public Officials' Liability Insurance	
General Insurance	
Lake Maintenance	
HOA Maintenance	
Landscaping Maintenance and Material	
Streetlights	
Total General & Administrative Expenses	

$	4,040.64		$	2,050.00	
17,500.02		17,500.00	
720.00		5,000.00	
2,500.00		2,500.00	
103.57		162.50	
5,714.50		9,000.00	
5,000.00		2,500.00	
-		125.00	
500.00		250.00	
-		1,750.00	
513.17		1,000.00	
1.38		600.00	
960.00		1,290.00	
175.00		87.50	
94,870.15		50,000.00	
3,270.00		1,750.00	
3,996.00		2,150.00	
690.00		2,000.00	
116,876.50		60,000.00	
9,948.25		15,000.00	
34,276.56		40,000.00	
$  301,655.74		$ 214,715.00	

$	1,990.64		$	4,100.00		98.55%	
0.02		35,000.00		50.00%	
(4,280.00)		10,000.00		7.20%	
-		5,000.00		50.00%	
(58.93)		325.00		31.87%	
(3,285.50)		18,000.00		31.75%	
2,500.00		5,000.00		100.00%	
(125.00)		250.00		0.00%	
250.00		500.00		100.00%	
(1,750.00)		3,500.00		0.00%	
(486.83)		2,000.00		25.66%	
(598.62)		1,200.00		0.12%	
(330.00)		2,580.00		37.21%	
87.50		175.00		100.00%	
44,870.15		100,000.00		94.87%	
1,520.00		3,500.00		93.43%	
1,846.00		4,300.00		92.93%	
(1,310.00)		4,000.00		17.25%	
56,876.50		120,000.00		97.40%	
(5,051.75)		30,000.00		33.16%	
(5,723.44)		80,000.00		42.85%	
$	86,940.74		$	429,430.00		70.25%	

Total Expenses	$  301,655.74	$ 214,715.00	$	86,940.74	$	429,430.00	70.25%

Net Income (Loss)	$	83,836.22	$	-	$	83,836.22	$	-