Magic Reserve CDD
February 2026 Financial Package

February 28, 2026

PFM Group Consulting LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
407-723-5900

Magic Reserve CDD Statement of Financial Position As of 2/28/2026

	General Fund	Debt Service Fund		Capital Projects Fund		Long Term Debt Group		Total	
	
Assets								
Current Assets									
General Checking Account	$	536,086.13							$	536,086.13	
Assessments Receivable	84,992.48							84,992.48	
Prepaid Expenses	354.67							354.67	
Deposits	2,995.00							2,995.00	
Assessments Receivable		$	50,632.98						50,632.98	
Due From Other Funds		8,779.26						8,779.26	
Debt Service Reserve Series 2016		343,825.00						343,825.00	
Revenue Series 2016		476,810.72						476,810.72	
Prepayment Series 2016	
	5,848.10						5,848.10	
Total Current Assets	$	624,428.28	$	885,896.06		$	-		$	-		$ 1,510,324.34	

Investments										
Amount Available in Debt Service Funds							$	826,483.82		$	826,483.82	
Amount To Be Provided							3,583,516.18		3,583,516.18	
Total Investments	$	-		$	-		$	-		$  4,410,000.00		$ 4,410,000.00	
Total Assets	$	624,428.28		$	885,896.06		$	-		$  4,410,000.00		$ 5,920,324.34	

Liabilities and Net Assets

Current Liabilities										
Accounts Payable	$	169,414.18								$	169,414.18	
Deferred Revenue	84,992.48								84,992.48	
Deferred Revenue			$	50,632.98						50,632.98	
Total Current Liabilities	$	254,406.66		$	50,632.98		$	-		$	-		$	305,039.64	

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	$	254,406.66		$	50,632.98		$	-		$  4,410,000.00		$ 4,715,039.64	

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	(12,963.21)								(12,963.21)	
Current Year Net Assets - General Government	375,895.12								375,895.12	
Net Assets, Unrestricted			$	763,408.99						763,408.99	
Current Year Net Assets, Unrestricted			71,854.09						71,854.09	
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	$	370,021.62		$	835,263.08		$	-		$	-		$ 1,205,284.70	
										
Total Liabilities and Net Assets	$	624,428.28	$	885,896.06		$	-		$  4,410,000.00		$ 5,920,324.34	
	
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Magic Reserve CDD Statement of Activities As of 2/28/2026

	General Fund		Debt Service Fund		Capital Projects Fund		Long Term Debt Group		Total	

Revenues										
On-Roll Assessments	$	477,536.89								$	477,536.89	
Land Lease Income	5,760.00								5,760.00	
On-Roll Assessments			$	284,485.25						284,485.25	
Inter-Fund Group Transfers In			5,848.10						5,848.10	
Inter-Fund Transfers In					$	(5,848.10)				(5,848.10)	
Total Revenues	$	483,296.89		$	290,333.35		$	(5,848.10)		$	-		$	767,782.14	
Expenses										
Supervisor Fees	$	400.00								$	400.00	
Public Officials Insurance	3,466.00								3,466.00	
Trustee Services	4,238.17								4,238.17	
Management	14,583.35								14,583.35	
Engineering	715.00								715.00	
Disclosure Agent	1,250.00								1,250.00	
Property Appraiser	215.28								215.28	
District Counsel	776.00								776.00	
Assessment Administration	5,000.00								5,000.00	
Postage & Shipping	0.74								0.74	
Legal Advertising	197.64								197.64	
Web Site Maintenance	925.00								925.00	
Dues, Licenses, and Fees	175.00								175.00	
Irrigation	42,832.04								42,832.04	
Property & Casualty	4,236.00								4,236.00	
Other Insurance	500.00								500.00	
Lake Maintenance	575.00								575.00	
Landscaping Maintenance & Material	5,632.14								5,632.14	
Streetlights	22,307.61								22,307.61	
Principal Payment			$	110,000.00						110,000.00	
Interest Payments			116,753.13						116,753.13	
Total Expenses	$	108,024.97		$	226,753.13		$	-		$	-		$	334,778.10	
Other Revenues (Expenses) & Gains (Losses)										
Interest Income	$	6,383.20								$	6,383.20	
Interest Income			$	8,273.87						8,273.87	
Interest Income					$	22.09				22.09	
Total Other Revenues (Expenses) & Gains (Losses)	$	6,383.20		$	8,273.87		$	22.09		$	-		$	14,679.16	
Change In Net Assets	$	381,655.12		$	71,854.09		$	(5,826.01)		$	-		$	447,683.20	

Net Assets At Beginning Of Year	
$	(11,633.50)		
$	763,408.99		
$	5,826.01		
$	-		
$	757,601.50	

Net Assets At End Of Year	

$	370,021.62		

$	835,263.08		

$	-		

$	-		

$ 1,205,284.70	

Magic Reserve Community Development District
Budget to Actual
For the month ending 02/28/2026

YTD Actual		

YTD Budget		

YTD Variance		
FY 2026
Adopted Budget		Percentage Spent	
Revenues										
On-Roll Assessments	$  477,536.89		$ 234,387.50		$  243,149.39		$	562,530.00		84.89%	
Interest Income	6,383.20		-		6,383.20		-		0.00%	
Land Lease Income	5,760.00		-		5,760.00		-		0.00%	
Net Revenues	$  489,680.09		$ 234,387.50		$  255,292.59		$	562,530.00		87.05%	
General & Administrative Expenses										
Supervisor Fees	$	400.00		$	-		$	400.00		$	-		0.00%	
Trustee Services	4,238.17		1,750.00		2,488.17		4,200.00		100.91%	
District Management Fees	14,583.35		14,583.33		0.02		35,000.00		41.67%	
Engineering Fees	715.00		4,166.67		(3,451.67)		10,000.00		7.15%	
Disclosure Agent	1,250.00		2,083.33		(833.33)		5,000.00		25.00%	
Property Appraiser	215.28		135.42		79.86		325.00		66.24%	
District Counsel	776.00		7,500.00		(6,724.00)		18,000.00		4.31%	
Assessment Administration	5,000.00		2,083.33		2,916.67		5,000.00		100.00%	
Re-Amortization Schedule	-		104.17		(104.17)		250.00		0.00%	
Arbitrage	-		208.33		(208.33)		500.00		0.00%	
Audit	-		1,458.33		(1,458.33)		3,500.00		0.00%	
Legal Advertising	197.64		833.33		(635.69)		2,000.00		9.88%	
Postage /Shipping	0.74		125.00		(124.26)		300.00		0.25%	
Contingency	-		408.33		(408.33)		980.00		0.00%	
Tax Preparation Fee	-		8.33		(8.33)		20.00		0.00%	
Web Site Maintenance	925.00		1,125.00		(200.00)		2,700.00		34.26%	
Dues, Licenses & Fees	175.00		72.92		102.08		175.00		100.00%	
Irrigation	42,832.04		118,750.00		(75,917.96)		285,000.00		15.03%	
Public Officials' Liability Insurance	3,466.00		1,604.17		1,861.83		3,850.00		90.03%	
General Insurance	4,236.00		1,970.83		2,265.17		4,730.00		89.56%	
Additional Insurance	500.00		208.33		291.67		500.00		100.00%	
Lake Maintenance	575.00		1,666.67		(1,091.67)		4,000.00		14.38%	
HOA Maintenance	-		20,833.33		(20,833.33)		50,000.00		0.00%	
Landscaping Maintenance and Material	5,632.14		12,500.00		(6,867.86)		30,000.00		18.77%	
Mulch	-		5,000.00		(5,000.00)		12,000.00		0.00%	
Palm Pruning	-		1,875.00		(1,875.00)		4,500.00		0.00%	
Streetlights	22,307.61		33,333.33		(11,025.72)		80,000.00		27.88%	
Total General & Administrative Expenses	$  108,024.97		$ 234,387.50		$ (126,362.53)		$	562,530.00		19.20%	
Total Expenses	$  108,024.97		$ 234,387.50		$ (126,362.53)		$	562,530.00		19.20%	
										
Net Income (Loss)	$  381,655.12		$	-		$  381,655.12		$	-