Magic Reserve CDD
March 2026 Financial Package

March 31, 2026

PFM Management Services LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
407-723-5900

Magic Reserve CDD Statement of Financial Position As of 3/31/2026

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

	Assets		
Current Assets			
General Checking Account	$	537,503.32					$  537,503.32	
Assessments Receivable	79,037.59					79,037.59	
Prepaid Expenses	354.67					354.67	
Deposits	2,995.00					2,995.00	
Assessments Receivable		$	47,085.44				47,085.44	
Debt Service Reserve Series 2016		343,825.00				343,825.00	
Revenue Series 2016		491,331.53				491,331.53	
Prepayment Series 2016	
	5,848.10		
			5,848.10	
Total Current Assets	$	619,890.58	$	888,090.07		$	-	$	-		$ 1,507,980.65	

Investments
Amount Available in Debt Service Funds		$	841,004.63		$  841,004.63	
Amount To Be Provided		3,568,995.37		3,568,995.37	
Total Investments	$	-	$	-	$	-	$  4,410,000.00		$ 4,410,000.00	

Total Assets	$	619,890.58	$	888,090.07	$	-	$  4,410,000.00	$ 5,917,980.65

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$	177,737.93				$  177,737.93	
Deferred Revenue	79,037.59				79,037.59	
Deferred Revenue			$	47,085.44		47,085.44	
Total Current Liabilities	$	256,775.52		$	47,085.44		$	-	$	-	$  303,860.96	

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	$	256,775.52	$	47,085.44	$	-	$  4,410,000.00	$ 4,713,860.96

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	368,988.56						368,988.56	
Net Assets, Unrestricted			$	763,408.99				763,408.99	
Current Year Net Assets, Unrestricted			77,595.64				77,595.64	
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	$	363,115.06		$	841,004.63		$	-	$	-		$ 1,204,119.69	

				
Total Liabilities and Net Assets	$	619,890.58		$	888,090.07		$	-	$  4,410,000.00		$ 5,917,980.65	

Magic Reserve CDD Statement of Activities As of 3/31/2026

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

Revenues												
On-Roll Assessments	$	483,491.78								$	483,491.78	
Land Lease Income	5,760.00									5,760.00	
On-Roll Assessments			$	288,032.79							288,032.79	
Inter-Fund Group Transfers In			5,848.10							5,848.10	
Inter-Fund Transfers In					$	(5,848.10)					(5,848.10)	
Total Revenues	$	489,251.78		$	293,880.89		$	(5,848.10)		$	-		$	777,284.57	
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	17,500.02										17,500.02	
Engineering	845.00										845.00	
Disclosure Agent	1,250.00										1,250.00	
Property Appraiser	215.28										215.28	
District Counsel	1,394.00										1,394.00	
Assessment Administration	5,000.00										5,000.00	
Tax Preparation	6.42										6.42	
Postage & Shipping	0.74										0.74	
Legal Advertising	261.97										261.97	
Web Site Maintenance	1,050.00										1,050.00	
Dues, Licenses, and Fees	175.00										175.00	
Irrigation	45,743.74										45,743.74	
Property & Casualty	4,236.00										4,236.00	
Other Insurance	500.00										500.00	
Lake Maintenance	690.00										690.00	
Landscaping Maintenance & Material	7,509.52										7,509.52	
Streetlights	27,886.03										27,886.03	
Principal Payment			$	110,000.00								110,000.00	
Interest Payments			116,753.13								116,753.13	
Total Expenses	$	122,367.89		$	226,753.13		$	-		$	-		$	349,121.02	
Other Revenues (Expenses) & Gains (Losses)												
Interest Income	$	7,864.67								$	7,864.67	
Interest Income			$	10,467.88							10,467.88	
Interest Income					$	22.09					22.09	
Total Other Revenues (Expenses) & Gains (Losses)	$	7,864.67		$	10,467.88		$	22.09		$	-		$	18,354.64	
Change In Net Assets	$	374,748.56		$	77,595.64		$	(5,826.01)		$	-		$	446,518.19	

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

Net Assets At End Of Year	

$	363,115.06		

$	841,004.63		

$	

-		

$	-		

$	

1,204,119.69	

Magic Reserve Community Development District
Budget to Actual
For the month ending 03/31/2026

Percentage
FY 2026	Spent YTD Actual	YTD Budget	YTD Variance	Adopted Budget

Revenues

On-Roll Assessments	$  483,491.78		$ 281,265.00	$  202,226.78		$	562,530.00			85.95%	
Interest Income	7,864.67			-	7,864.67			-		0.00%	
Land Lease Income	5,760.00			-	5,760.00			-		0.00%	
Net Revenues	$  497,116.45		$ 281,265.00	
$  215,851.45		$	562,530.00			88.37%	

General & Administrative Expenses

Supervisor Fees	$	400.00		$	-		$	400.00		$	-		0.00%	
Trustee Services	4,238.17		2,100.00		2,138.17			4,200.00		100.91%	
District Management Fees	17,500.02		17,500.00		0.02			35,000.00		50.00%	
Engineering Fees	845.00		5,000.00		(4,155.00)			10,000.00		8.45%	
Disclosure Agent	1,250.00		2,500.00		(1,250.00)			5,000.00		25.00%	
Property Appraiser	215.28		162.50		52.78			325.00		66.24%	
District Counsel	1,394.00		9,000.00		(7,606.00)			18,000.00		7.74%	
Assessment Administration	5,000.00		2,500.00		2,500.00			5,000.00		100.00%	
Re-Amortization Schedule	-		125.00		(125.00)			250.00		0.00%	
Arbitrage	-		250.00		(250.00)			500.00		0.00%	
Audit	-		1,750.00		(1,750.00)			3,500.00		0.00%	
Legal Advertising	261.97		1,000.00		(738.03)			2,000.00		13.10%	
Postage /Shipping	0.74		150.00		(149.26)			300.00		0.25%	
Contingency	-		490.00		(490.00)			980.00		0.00%	
Tax Preparation Fee	6.42		10.00		(3.58)			20.00		32.10%	
Web Site Maintenance	1,050.00		1,350.00		(300.00)			2,700.00		38.89%	
Dues, Licenses & Fees	175.00		87.50		87.50			175.00		100.00%	
Irrigation	45,743.74		142,500.00		(96,756.26)			285,000.00		16.05%	
Public Officials' Liability Insurance	3,466.00		1,925.00		1,541.00			3,850.00		90.03%	
General Insurance	4,236.00		2,365.00		1,871.00			4,730.00		89.56%	
Additional Insurance	500.00		250.00		250.00			500.00		100.00%	
Lake Maintenance	690.00		2,000.00		(1,310.00)			4,000.00		17.25%	
HOA Maintenance	-		25,000.00		(25,000.00)			50,000.00		0.00%	
Landscaping Maintenance and Material	7,509.52		15,000.00		(7,490.48)			30,000.00		25.03%	
Mulch	-		6,000.00		(6,000.00)			12,000.00		0.00%	
Palm Pruning	-		2,250.00		(2,250.00)			4,500.00		0.00%	
Streetlights	27,886.03		40,000.00		(12,113.97)			80,000.00		34.86%	
Total General & Administrative Expenses	$  122,367.89		$ 281,265.00		$ (158,897.11)		$	562,530.00		21.75%	

Total Expenses	
$	
122,367.89	
$	
281,265.00	
$	
(158,897.11)	
$	
562,530.00	
21.75%	

Net Income (Loss)	$  374,748.56	$	-	$  374,748.56	$	-