Magic Reserve CDD
September 2025 Financial Package

September 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 9/30/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Group

Total

$	241,569.89	
8,538.71	
2,995.00	
343,825.00	
415,121.19	
5,806.40	
$ 1,017,856.19	

Assets

$	241,569.89	
8,538.71	
2,995.00	

$	343,825.00	
415,121.19	

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

$	253,103.60

$

$	758,946.19	$

5,806.40

5,806.40	$	-

			 

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

$	758,946.19	$	758,946.19	
3,761,053.81	3,761,053.81	
$ 4,520,000.00	$ 4,520,000.00	

$	-	$	-	$	-

Total Assets

$	253,103.60

$	758,946.19	$

5,806.40

$ 4,520,000.00

$ 5,537,856.19

Current Liabilities	
Accounts Payable	
Due To Other Governmental Units	
Total Current Liabilities	

$	210,375.27	
22,735.49	
$	233,110.76	

$	210,375.27	
22,735.49	
$	233,110.76	

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

$	233,110.76	$

-	$	-

$ 4,520,000.00

$ 4,753,110.76

			 

$	(10,190.29)	
11,520.00	
17,222.20	
1,440.93	

$	730,318.28	
28,627.91	

$	19,992.84	$	758,946.19

			 

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	
1,440.93	
730,318.28	
28,627.91	
200,780.62	
225.78	
(195,200.00)	
$	-	$	784,745.43	

$	200,780.62	
225.78	
(195,200.00)	
$	5,806.40	

Total Liabilities and Net Assets

$	253,103.60

$	758,946.19	$

5,806.40

$ 4,520,000.00

$ 5,537,856.19

Magic Reserve CDD	
Statement of Activities	
As of 9/30/2025	

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)	

$	12,492.14	
28,567.70	
225.78	
$	41,285.62	

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	
Audit	
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	
35,000.00	
1,370.00	
3,750.00	
103.57	
8,344.50	
5,000.00	
3,255.00	
500.00	
1,093.93	
281.98	
2,220.00	
175.00	
169,855.78	
3,996.00	
116,876.50	
1,380.00	
19,335.15	
67,840.15	
105,000.00	
235,868.76	
$  788,556.96	

Expenses

$	3,270.00	
4,040.64	
35,000.00	
1,370.00	
3,750.00	
103.57	
8,344.50	
5,000.00	
3,255.00	
500.00	
1,093.93	
281.98	
2,220.00	
175.00	
169,855.78	
3,996.00	
116,876.50	
1,380.00	
19,335.15	
67,840.15	

Other Revenues (Expenses) & Gains (Losses)	$	447,688.20				$	-		
$	-	
	$	12,492.14		
$	28,567.70		

$	225.78		

	
	$	12,492.14		$	28,567.70		$	225.78		$	-	
Change In Net Assets	$	12,960.93		$	28,627.91		$	225.78		$	-	$	41,814.62	

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

Net Assets At End Of Year	

$	19,992.84		

$	758,946.19		

$	5,806.40		 

$	-	$  784,745.43	

Magic Reserve CDD	
Budget to Actual	
For the month ending 09/30/2025	

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		$ 429,430.00	
12,492.14		-	
11,520.00		-	
2,816.72		-	
$  460,649.13		$ 429,430.00	

	
$	4,390.27		$	429,430.00		101.02%	
12,492.14		-		0.00%	
11,520.00		-		0.00%	
2,816.72		-		0.00%	
$	31,219.13		$	429,430.00		107.27%	

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		$	4,100.00	
35,000.00		35,000.00	
1,370.00		10,000.00	
3,750.00		5,000.00	
103.57		325.00	
8,344.50		18,000.00	
5,000.00		5,000.00	
-		250.00	
500.00		500.00	
3,255.00		3,500.00	
1,093.93		2,000.00	
281.98		1,200.00	
2,220.00		2,580.00	
175.00		175.00	
169,855.78		100,000.00	
3,270.00		3,500.00	
3,996.00		4,300.00	
1,380.00		4,000.00	
116,876.50		120,000.00	
19,335.15		30,000.00	
67,840.15		80,000.00	
$  447,688.20		$ 429,430.00	

$	(59.36)		$	4,100.00		98.55%	
-		35,000.00		100.00%	
(8,630.00)		10,000.00		13.70%	
(1,250.00)		5,000.00		75.00%	
(221.43)		325.00		31.87%	
(9,655.50)		18,000.00		46.36%	
-		5,000.00		100.00%	
(250.00)		250.00		0.00%	
-		500.00		100.00%	
(245.00)		3,500.00		93.00%	
(906.07)		2,000.00		54.70%	
(918.02)		1,200.00		23.50%	
(360.00)		2,580.00		86.05%	
-		175.00		100.00%	
69,855.78		100,000.00		169.86%	
(230.00)		3,500.00		93.43%	
(304.00)		4,300.00		92.93%	
(2,620.00)		4,000.00		34.50%	
(3,123.50)		120,000.00		97.40%	
(10,664.85)		30,000.00		64.45%	
(12,159.85)		80,000.00		84.80%	
$	18,258.20		$	429,430.00		104.25%	

Total Expenses	$  447,688.20	$ 429,430.00	$	18,258.20	$	429,430.00	104.25%

Net Income (Loss)	$	12,960.93	$	-	$	12,960.93	$	-