Magic Reserve CDD
June 2025 Financial Package

June 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 6/30/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Group

Total

$	288,071.05	
336.71	
2,995.00	
17,140.67	
343,825.00	
390,068.29	
5,744.72	
$ 1,048,181.44	

Assets

$	288,071.05	
336.71	
2,995.00	

$	17,140.67	
343,825.00	
390,068.29	

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

$	291,402.76

$

$	751,033.96	$

5,744.72

5,744.72	$	-

		

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

$	733,893.29	
3,786,106.71	
$ 4,520,000.00	

$	733,893.29	
3,786,106.71	
$ 4,520,000.00	

$	-	$	-	$	-

Total Assets

$	291,402.76

$	751,033.96	$

5,744.72

$ 4,520,000.00

$ 5,568,181.44

Current Liabilities	
Accounts Payable	
Due To Other Funds	
Total Current Liabilities	

$	229,116.42	
(21,283.12)	
$	207,833.30	

$	229,116.42	
(21,283.12)	
$	207,833.30	

Liabilities and Net Assets

$	-	$	-	$	-

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

$	207,833.30	$

-	$	-

$ 4,520,000.00

$ 4,727,833.30

				

$	(10,190.29)	
11,520.00	
17,222.20	
65,017.55	

$	730,318.28	
20,715.68	

$	83,569.46	$	751,033.96	$	-

				

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 - General Government	
Total Net Assets	

$	(10,190.29)	
11,520.00	
17,222.20	
65,017.55	
730,318.28	
20,715.68	
200,780.62	
164.10	
(195,200.00)	
$	840,348.14	

$	200,780.62	
164.10	
(195,200.00)	
$	5,744.72	

Total Liabilities and Net Assets

$	291,402.76

$	751,033.96	$

5,744.72

$ 4,520,000.00

$ 5,568,181.44

Magic Reserve CDD	
Statement of Activities	
As of 6/30/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Group

Total

$	105,000.00	
235,868.76	
$	340,868.76	

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

$	9,739.13	
20,655.47	
164.10	
$	30,558.70	

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

$  433,820.27	
11,520.00	
2,816.72	
338,729.66	
2,199.31	
$  789,085.96	

Revenues

$	433,820.27	
11,520.00	
2,816.72	

$	448,156.99	$	-	$	-

$	338,729.66	
2,199.31	
$	340,928.97	

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	
26,250.03	
1,110.00	
2,500.00	
103.57	
6,873.50	
5,000.00	
500.00	
1,014.16	
2.76	
1,590.00	
175.00	
140,489.19	
3,996.00	
116,876.50	
1,035.00	
15,580.39	
50,951.83	
105,000.00	
235,868.76	
$  722,227.33	

Expenses

$	3,270.00	
4,040.64	
26,250.03	
1,110.00	
2,500.00	
103.57	
6,873.50	
5,000.00	
500.00	
1,014.16	
2.76	
1,590.00	
175.00	
140,489.19	
3,996.00	
116,876.50	
1,035.00	
15,580.39	
50,951.83	

Other Revenues (Expenses) & Gains (Losses)	$	381,358.57				$	-		$	-	
	$	9,739.13		
$	20,655.47		

$	164.10		

	
	$	9,739.13		$	20,655.47		$	164.10		$	-	
Change In Net Assets	$	76,537.55		$	20,715.68		$	164.10		$	-	$	97,417.33	
Net Assets At Beginning Of Year	$	7,031.91		$	730,318.28		$	5,580.62		$	-	$  742,930.81	

Net Assets At End Of Year	
$	83,569.46		
$	751,033.96		
$	5,744.72		 

$	-	$  840,348.14	

Magic Reserve CDD	
Budget to Actual	
For the month ending 06/30/2025	

YTD Actual	YTD Budget	YTD Variance

FY 2025
Adopted Budget	Percentage

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

	
$  433,820.27		$ 322,072.50	
9,739.13		-	
11,520.00		-	
2,816.72		-	
$  457,896.12		$ 322,072.50	

	
$  111,747.77		$	429,430.00		101.02%	
9,739.13		-		0.00%	
11,520.00		-		0.00%	
2,816.72		-		0.00%	
$  135,823.62		$	429,430.00		106.63%	

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		$	3,075.00	
26,250.03		26,250.00	
1,110.00		7,500.00	
2,500.00		3,750.00	
103.57		243.75	
6,873.50		13,500.00	
5,000.00		3,750.00	
-		187.50	
500.00		375.00	
-		2,625.00	
1,014.16		1,500.00	
2.76		900.00	
1,590.00		1,935.00	
175.00		131.25	
140,489.19		75,000.00	
3,270.00		2,625.00	
3,996.00		3,225.00	
1,035.00		3,000.00	
116,876.50		90,000.00	
15,580.39		22,500.00	
50,951.83		60,000.00	
$  381,358.57		$ 322,072.50	

$	965.64		$	4,100.00		98.55%	
0.03		35,000.00		75.00%	
(6,390.00)		10,000.00		11.10%	
(1,250.00)		5,000.00		50.00%	
(140.18)		325.00		31.87%	
(6,626.50)		18,000.00		38.19%	
1,250.00		5,000.00		100.00%	
(187.50)		250.00		0.00%	
125.00		500.00		100.00%	
(2,625.00)		3,500.00		0.00%	
(485.84)		2,000.00		50.71%	
(897.24)		1,200.00		0.23%	
(345.00)		2,580.00		61.63%	
43.75		175.00		100.00%	
65,489.19		100,000.00		140.49%	
645.00		3,500.00		93.43%	
771.00		4,300.00		92.93%	
(1,965.00)		4,000.00		25.88%	
26,876.50		120,000.00		97.40%	
(6,919.61)		30,000.00		51.93%	
(9,048.17)		80,000.00		63.69%	
$	59,286.07		$	429,430.00		88.81%	

Total Expenses	$  381,358.57	$ 322,072.50	$	59,286.07	$	429,430.00	88.81%

Net Income (Loss)	$	76,537.55	$	-	$	76,537.55	$	-