Magic Reserve CDD
October 2025 Financial Package

October 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 10/31/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Group

Total

$	195,052.64	
562,529.37	
2,995.00	
335,118.23	
343,825.00	
417,684.24	
5,826.01	
$ 1,863,030.49	

Assets

$	195,052.64	
562,529.37	
2,995.00	

$	335,118.23	
343,825.00	
417,684.24	

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

$	760,577.01

$

$  1,096,627.47	$

5,826.01

5,826.01	$	-

			 

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

$	761,509.24	$	761,509.24	
3,758,490.76	3,758,490.76	
$  4,520,000.00	$ 4,520,000.00	

$	-	$	-	$	-

Total Assets

$	760,577.01

$  1,096,627.47	$

5,826.01

$  4,520,000.00

$ 6,383,030.49

Liabilities and Net Assets

$	225,366.46	
562,529.37	

Current Liabilities	
Accounts Payable	
Deferred Revenue	
Deferred Revenue	
Total Current Liabilities	

$	787,895.83

$	335,118.23

$	335,118.23	$

$	225,366.46	
562,529.37	
335,118.23	
$ 1,123,014.06	

-	$	-

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

$	787,895.83

$	335,118.23	$

-	$  4,520,000.00

$ 5,643,014.06

			 

$	1,329.71	
(16,153.12)	
(12,495.41)	

Net Assets	
Net Assets, Unrestricted	
Net Assets - General Government	
Current Year Net Assets - General Government	
Net Assets, Unrestricted	
Net Assets, Unrestricted	
Net Assets - General Government	
Total Net Assets	

$	1,329.71	
(16,153.12)	
(12,495.41)	
761,509.24	
201,026.01	
(195,200.00)	
$	-	$	740,016.43	

$	201,026.01	
(195,200.00)	
$	5,826.01	

$	761,509.24

$	(27,318.82)	$	761,509.24

			 

Total Liabilities and Net Assets

$	760,577.01

$  1,096,627.47	$

5,826.01

$  4,520,000.00

$ 6,383,030.49

Magic Reserve CDD	
Statement of Activities	
As of 10/31/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Group

Total

Revenues

Total Revenues

$	-	$

-	$	-	$

-	$	-

Public Officials Insurance	
Trustee Services	
Management	
Legal Advertising	
Web Site Maintenance	
Dues, Licenses, and Fees	
Property & Casualty	
Other Insurance	
Lake Maintenance	
Streetlights	
Total Expenses	

$	3,466.00	
336.71	
2,916.67	
65.88	
125.00	
175.00	
4,236.00	
500.00	
115.00	
1,276.44	
$	13,212.70	

$	3,466.00	
336.71	
2,916.67	
65.88	
125.00	
175.00	
4,236.00	
500.00	
115.00	
$	1,276.44	
$	13,212.70	

Expenses

Other Revenues (Expenses) & Gains (Losses)					
$	-	$	-	$	-		
Interest Income	$	717.29		
				$	717.29	
Total Other Revenues (Expenses) & Gains (Losses)	$	717.29		$	-	$	-	$	-		$	717.29	
Change In Net Assets	$	(12,495.41)		$	-	$	-	$	-		$	(12,495.41)	

Net Assets At Beginning Of Year	

$	(14,823.41)		

$	761,509.24		

$	5,826.01		

$	-	$  752,511.84	

Net Assets At End Of Year	

$	(27,318.82)		

$	761,509.24		

$	5,826.01			

$	-	$  740,016.43	

Magic Reserve Community Development District	
Budget to Actual	
For the month ending 10/31/2025	

YTD Actual	YTD Budget	YTD Variance

FY 2026
Adopted Budget

Percentage Spent

Revenues	
On-Roll Assessments	
Interest Income	
Net Revenues	

	
$	-		$	46,877.50	
717.29		-	
$	717.29		$	46,877.50	

	
$	(46,877.50)		$	562,530.00		0.00%	
717.29		-			
$	(46,160.21)		$	562,530.00		0.13%	

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	
Postage /Shipping	
Contingency	
Tax Preparation Fee	
Web Site Maintenance	
Dues, Licenses & Fees	
Irrigation	
Public Officials' Liability Insurance	
General Insurance	
Additional Insurance	
Lake Maintenance	
HOA Maintenance	
Landscaping Maintenance and Material	
Mulch	
Palm Pruning	
Streetlights	
Total General & Administrative Expenses	

$	336.71		$	350.00	
2,916.67		2,916.67	
-		833.33	
-		416.67	
-		27.08	
-		1,500.00	
-		416.67	
-		20.83	
-		41.67	
-		291.67	
65.88		166.67	
-		25.00	
-		81.67	
-		1.67	
125.00		225.00	
175.00		14.58	
-		23,750.00	
3,466.00		320.83	
4,236.00		394.17	
500.00		41.67	
115.00		333.33	
-		4,166.67	
-		2,500.00	
-		1,000.00	
-		375.00	
1,276.44		6,666.67	
$	13,212.70		$	46,877.50	

$	(13.29)		$	4,200.00		8.02%	
0.00		35,000.00		8.33%	
(833.33)		10,000.00		0.00%	
(416.67)		5,000.00		0.00%	
(27.08)		325.00		0.00%	
(1,500.00)		18,000.00		0.00%	
(416.67)		5,000.00		0.00%	
(20.83)		250.00		0.00%	
(41.67)		500.00		0.00%	
(291.67)		3,500.00		0.00%	
(100.79)		2,000.00		3.29%	
(25.00)		300.00		0.00%	
(81.67)		980.00		0.00%	
(1.67)		20.00		0.00%	
(100.00)		2,700.00		4.63%	
160.42		175.00		100.00%	
(23,750.00)		285,000.00		0.00%	
3,145.17		3,850.00		90.03%	
3,841.83		4,730.00		89.56%	
458.33		500.00		100.00%	
(218.33)		4,000.00		2.88%	
(4,166.67)		50,000.00		0.00%	
(2,500.00)		30,000.00		0.00%	
(1,000.00)		12,000.00		0.00%	
(375.00)		4,500.00		0.00%	
(5,390.23)		80,000.00		1.60%	
$	(33,664.80)		$	562,530.00		2.35%	

Total Expenses	$	13,212.70	$	46,877.50	$	(33,664.80)	$	562,530.00	2.35%

Net Income (Loss)	$	(12,495.41)	$	-	$	(12,495.41)	$	-