Magic Reserve CDD
April 2025 Financial Package

April 30, 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 4/30/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Group

Total

$	268,160.57	
29,385.90	
336.71	
2,995.00	
22,944.76	
343,825.00	
492,099.07	
5,704.17	
$ 1,165,451.18	

Assets

$	268,160.57	
29,385.90	
336.71	
2,995.00	

$	22,944.76	
343,825.00	
492,099.07	

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

$	300,878.18

$

$	858,868.83	$

5,704.17

5,704.17	$	-

		

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

$	835,924.07	
3,684,075.93	
$  4,520,000.00	

$	835,924.07	
3,684,075.93	
$ 4,520,000.00	

$	-	$	-	$	-

Total Assets

$	300,878.18

$	858,868.83	$

5,704.17

$  4,520,000.00

$ 5,685,451.18

Liabilities and Net Assets

$	170,601.98	
29,385.90	

Current Liabilities	
Accounts Payable	
Deferred Revenue	
Deferred Revenue	
Total Current Liabilities	

$	199,987.88

$	22,944.76

$	22,944.76	$

$	170,601.98	
29,385.90	
22,944.76	
$	222,932.64	

-	$	-

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

$	199,987.88

$	22,944.76	$

-	$  4,520,000.00

$ 4,742,932.64

				

$	(10,190.29)	
17,222.20	
93,858.39	

$	730,318.28	
105,605.79	

$	100,890.30	$	835,924.07	$	-

				

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	
93,858.39	
730,318.28	
105,605.79	
200,780.62	
123.55	
(195,200.00)	
$	942,518.54	

$	200,780.62	
123.55	
(195,200.00)	
$	5,704.17	

Total Liabilities and Net Assets

$	300,878.18

$	858,868.83	$

5,704.17

$  4,520,000.00

$ 5,685,451.18

Magic Reserve CDD	
Statement of Activities	
As of 4/30/2025	

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)	

$	7,881.41	
15,165.34	
123.55	
$	23,170.30	

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

$  400,043.80	
2,816.72	
312,356.77	
2,199.31	
$  717,416.60	

Revenues

$	400,043.80	
2,816.72	

$	402,860.52	$	-	$	-

$	312,356.77	
2,199.31	
$	314,556.08	

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	
5,797.50	
5,000.00	
500.00	
513.17	
1.38	
1,370.00	
175.00	
107,612.57	
3,996.00	
116,876.50	
805.00	
11,825.63	
34,276.56	
105,000.00	
119,115.63	
$  540,999.17	

Expenses

$	3,270.00	
4,040.64	
17,500.02	
720.00	
2,500.00	
103.57	
5,797.50	
5,000.00	
500.00	
513.17	
1.38	
1,370.00	
175.00	
107,612.57	
3,996.00	
116,876.50	
805.00	
11,825.63	
34,276.56	

Other Revenues (Expenses) & Gains (Losses)	$	316,883.54				$	-		$	-	
	$	7,881.41		
$	15,165.34		

$	123.55		

	
	$	7,881.41		$	15,165.34		$	123.55		$	-	
Change In Net Assets	$	93,858.39		$	105,605.79		$	123.55		$	-	$  199,587.73	
Net Assets At Beginning Of Year	$	7,031.91		$	730,318.28		$	5,580.62		$	-	$  742,930.81	

Net Assets At End Of Year	
$	100,890.30		
$	835,924.07		
$	5,704.17		 

$	-	$  942,518.54	

Magic Reserve CDD	
Budget to Actual	
For the month ending 04/30/2025	

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	

	
$  400,043.80		$ 250,500.83	
7,881.41		-	
2,816.72		-	
$  410,741.93		$ 250,500.83	

	
$  149,542.97		$	429,430.00		93.16%	
7,881.41		-		0.00%	
2,816.72		-		0.00%	
$  160,241.10		$	429,430.00		95.65%	

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		$	2,391.67	
17,500.02		20,416.67	
720.00		5,833.33	
2,500.00		2,916.67	
103.57		189.58	
5,797.50		10,500.00	
5,000.00		2,916.67	
-		145.83	
500.00		291.67	
-		2,041.67	
513.17		1,166.67	
1.38		700.00	
1,370.00		1,505.00	
175.00		102.08	
107,612.57		58,333.33	
3,270.00		2,041.67	
3,996.00		2,508.33	
805.00		2,333.33	
116,876.50		70,000.00	
11,825.63		17,500.00	
34,276.56		46,666.67	
$  316,883.54		$ 250,500.83	

$	1,648.97		$	4,100.00		98.55%	
(2,916.65)		35,000.00		50.00%	
(5,113.33)		10,000.00		7.20%	
(416.67)		5,000.00		50.00%	
(86.01)		325.00		31.87%	
(4,702.50)		18,000.00		32.21%	
2,083.33		5,000.00		100.00%	
(145.83)		250.00		0.00%	
208.33		500.00		100.00%	
(2,041.67)		3,500.00		0.00%	
(653.50)		2,000.00		25.66%	
(698.62)		1,200.00		0.12%	
(135.00)		2,580.00		53.10%	
72.92		175.00		100.00%	
49,279.24		100,000.00		107.61%	
1,228.33		3,500.00		93.43%	
1,487.67		4,300.00		92.93%	
(1,528.33)		4,000.00		20.13%	
46,876.50		120,000.00		97.40%	
(5,674.37)		30,000.00		39.42%	
(12,390.11)		80,000.00		42.85%	
$	66,382.71		$	429,430.00		73.79%	

Total Expenses	$  316,883.54	$ 250,500.83	$	66,382.71	$	429,430.00	73.79%

Net Income (Loss)	$	93,858.39	$	-	$	93,858.39	$	-