Magic Reserve CDD
December 2025 Financial Package

December 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 12/31/2025								
	
General Fund	Debt Service		
Capital Projects		
Long Term Debt			
Total	
	Fund		Fund		Group				
	
Assets								
Current Assets									
General Checking Account	$	582,437.38						$	582,437.38	
Assessments Receivable	122,489.45							122,489.45	
Prepaid Expenses	354.67							354.67	
Deposits	2,995.00							2,995.00	
Assessments Receivable	$	72,971.21							72,971.21	
Due From Other Funds	230,536.08							230,536.08	
Debt Service Reserve Series 2016	343,825.00							343,825.00	
Revenue Series 2016	228,731.82							228,731.82	
Prepayment Series 2016	5,848.10							5,848.10	
Total Current Assets	$	708,276.50	$	881,912.21		$	-		$	-		$	1,590,188.71	

Investments									
Amount Available in Debt Service Funds					$	578,404.92		$	578,404.92	
Amount To Be Provided	
					3,831,595.08			3,831,595.08	
Total Investments	$	-	$	-		$	-		$ 4,410,000.00		$	4,410,000.00	
Total Assets	$	708,276.50	$	881,912.21		$	-		$ 4,410,000.00		$	6,000,188.71	

Liabilities and Net Assets								
Current Liabilities									
Accounts Payable	$	212,276.20						$	212,276.20	
Due To Other Funds	15,533.90							15,533.90	
Deferred Revenue	122,489.45							122,489.45	
Deferred Revenue	$	72,971.21							72,971.21	
Total Current Liabilities	$	350,299.55	$	72,971.21		$	-		$	-		$	423,270.76	

Long Term Liabilities									
Revenue Bonds Payable - Long-Term	
					$ 4,410,000.00		$	4,410,000.00	
Total Long Term Liabilities	$	-	$	-		$	-		$ 4,410,000.00		$	4,410,000.00	
Total Liabilities	$	350,299.55	$	72,971.21		$	-		$ 4,410,000.00		$	4,833,270.76	

Net Assets										
Net Assets, Unrestricted	$	1,329.71						$	1,329.71	
Current Year Net Assets, Unrestricted	5,760.00							5,760.00	
Net Assets - General Government	(16,152.12)							(16,152.12)	
Current Year Net Assets - General Government	367,039.36							367,039.36	
Net Assets, Unrestricted	$	761,509.24							761,509.24	
Current Year Net Assets, Unrestricted	47,431.76							47,431.76	
Net Assets, Unrestricted			$	201,026.01					201,026.01	
Current Year Net Assets, Unrestricted			(5,826.01)					(5,826.01)	
Net Assets - General Government	
			(195,200.00)					(195,200.00)	
Total Net Assets	$	357,976.95	$	808,941.00		$	-		$	-		$	1,166,917.95	

									
Total Liabilities and Net Assets	$	708,276.50	$	881,912.21		$	-		$ 4,410,000.00		$	6,000,188.71	

	Magic Reserve CDD								
	Statement of Activities								
	As of 12/31/2025								
	General Fund	Debt Service		Capital Projects		Long Term Debt			Total	
	Fund		Fund		Group				

Revenues									
On-Roll Assessments	$	440,039.92						$	440,039.92	
Land Lease Income	5,760.00							5,760.00	
Other Income & Other Financing Sources	3,188.91							3,188.91	
On-Roll Assessments	$	262,147.02							262,147.02	
Other Income & Other Financing Sources	1,899.75							1,899.75	
Inter-Fund Group Transfers In	5,848.10							5,848.10	
Inter-Fund Transfers In	
			$	(5,848.10)					(5,848.10)	
Total Revenues	$	448,988.83	$	269,894.87		$	(5,848.10)		$	-		$	713,035.60	
Expenses									
Public Officials Insurance	$	3,466.00						$	3,466.00	
Trustee Services	4,238.17							4,238.17	
Management	8,750.01							8,750.01	
Engineering	390.00							390.00	
Disclosure Agent	1,250.00							1,250.00	
District Counsel	434.00							434.00	
Assessment Administration	5,000.00							5,000.00	
Postage & Shipping	0.74							0.74	
Legal Advertising	197.64							197.64	
Web Site Maintenance	375.00							375.00	
Dues, Licenses, and Fees	175.00							175.00	
Irrigation	34,910.08							34,910.08	
Property & Casualty	4,236.00							4,236.00	
Other Insurance	500.00							500.00	
Lake Maintenance	345.00							345.00	
Landscaping Maintenance & Material	3,754.76							3,754.76	
Streetlights	11,032.27							11,032.27	
Principal Payment	$	110,000.00							110,000.00	
Interest Payments	116,753.13							116,753.13	
Total Expenses		
$	79,054.67	$	226,753.13		$	-		$	-		$	305,807.80	
Other Revenues (Expenses) & Gains (Losses)									
Interest Income	$	2,865.20						$	2,865.20	
Interest Income	$	4,290.02							4,290.02	
Interest Income	
			$	22.09					22.09	
Total Other Revenues (Expenses) & Gains (Losses)	$	2,865.20	$	4,290.02		$	22.09		$	-		$	7,177.31	
Change In Net Assets	$	372,799.36	$	47,431.76		$	(5,826.01)		$	-		$	414,405.11	

Net Assets At Beginning Of Year

Net Assets At End Of Year	
$	(14,822.41)	$	761,509.24

$	357,976.95	$	808,941.00		
$	5,826.01

$	-		
$	-

$	-		
$	
752,512.84	
							
$	
1,166,917.95	

Magic	Reserve Community Development District					
	Budget to Actual					
	For the month ending 12/31/2025					
					Percentage	
			FY 2026		Spent	
	YTD Actual		YTD Budget			YTD Variance		Adopted Budget			
Revenues						
On-Roll Assessments	$  440,039.92		$ 140,632.50			$  299,407.42		$	562,530.00		78.23%	
Interest Income	2,865.20					2,865.20		-		0.00%	
Land Lease Income	5,760.00					5,760.00		-		0.00%	
Other Income & Other Financing Sources	3,188.91					3,188.91		-		0.00%	
Net Revenues	$  451,854.03		$ 140,632.50			$  311,221.53		$	562,530.00		80.33%	
General & Administrative Expenses						
Trustee Services	$	4,238.17		$	1,050.00			$	3,188.17		$	4,200.00		100.91%	
District Management Fees	8,750.01		8,750.00			0.01		35,000.00		25.00%	
Engineering Fees	390.00		2,500.00			(2,110.00)		10,000.00		3.90%	
Disclosure Agent	1,250.00		1,250.00			-		5,000.00		25.00%	
Property Appraiser	-		81.25			(81.25)		325.00		0.00%	
District Counsel	434.00		4,500.00			(4,066.00)		18,000.00		2.41%	
Assessment Administration	5,000.00		1,250.00			3,750.00		5,000.00		100.00%	
Re-Amortization Schedule	-		62.50			(62.50)		250.00		0.00%	
Arbitrage	-		125.00			(125.00)		500.00		0.00%	
Audit	-		875.00			(875.00)		3,500.00		0.00%	
Legal Advertising	197.64		500.00			(302.36)		2,000.00		9.88%	
Postage /Shipping	0.74		75.00			(74.26)		300.00		0.25%	
Contingency	-		245.00			(245.00)		980.00		0.00%	
Tax Preparation Fee	-		5.00			(5.00)		20.00		0.00%	
Web Site Maintenance	375.00		675.00			(300.00)		2,700.00		13.89%	
Dues, Licenses & Fees	175.00		43.75			131.25		175.00		100.00%	
Irrigation	34,910.08		71,250.00			(36,339.92)		285,000.00		12.25%	
Public Officials' Liability Insurance	3,466.00		962.50			2,503.50		3,850.00		90.03%	
General Insurance	4,236.00		1,182.50			3,053.50		4,730.00		89.56%	
Additional Insurance	500.00		125.00			375.00		500.00		100.00%	
Lake Maintenance	345.00		1,000.00			(655.00)		4,000.00		8.63%	
HOA Maintenance	-		12,500.00			(12,500.00)		50,000.00		0.00%	
Landscaping Maintenance and Material	3,754.76		7,500.00			(3,745.24)		30,000.00		12.52%	
Mulch	-		3,000.00			(3,000.00)		12,000.00		0.00%	
Palm Pruning	-		1,125.00			(1,125.00)		4,500.00		0.00%	
Streetlights	11,032.27		20,000.00			(8,967.73)		80,000.00		13.79%	
Total General & Administrative Expenses	$	79,054.67		$ 140,632.50			$	(61,577.83)		$	562,530.00		14.05%	
Total Expenses

Net Income (Loss)	$	79,054.67

$  372,799.36		$ 140,632.50

$	-			$	(61,577.83)

$  372,799.36		$	562,530.00

$	-		14.05%	

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