Magic Reserve CDD
June 2026 Financial Package

June 30, 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 6/30/2026

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

Assets

Current Assets

General Checking Account	$	478,184.70						$	478,184.70	
Due From Other Funds	6,261.57						6,261.57	
Prepaid Expenses	354.67						354.67	
Deposits	2,995.00						2,995.00	
Due From Other Funds			$	22,870.50				22,870.50	
Debt Service Reserve Series 2016			343,825.00				343,825.00	
Revenue Series 2016			418,190.93				418,190.93	
Prepayment Series 2016			848.10				848.10	
Total Current Assets	$	487,795.94		$	785,734.53		$	-	$	-	$  1,273,530.47	

Investments

Amount Available in Debt Service Funds				$	762,864.03		$	762,864.03	
Amount To Be Provided				3,642,135.97		3,642,135.97	
Total Investments	$	-	$	-	$	-	$  4,405,000.00		$  4,405,000.00	

Total Assets	$	487,795.94	$	785,734.53	$	-	$  4,405,000.00	$  5,678,530.47

Liabilities and Net Assets

Current Liabilities

Accounts Payable	$	105,210.50						$	105,210.50	
Due To Other Funds			$	6,261.57				6,261.57	
Total Current Liabilities	$	105,210.50		$	6,261.57		$	-	$	-	$	111,472.07	

Long Term Liabilities
Revenue Bonds Payable - Long-Term	$  4,405,000.00	$  4,405,000.00

Total Long Term Liabilities	$	-	$	-	$	-	$  4,405,000.00	$  4,405,000.00

Total Liabilities	$	105,210.50	$	6,261.57	$	-	$  4,405,000.00	$  4,516,472.07

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	388,458.94					388,458.94	
Net Assets, Unrestricted			$	763,408.99			763,408.99	
Current Year Net Assets, Unrestricted			16,063.97			16,063.97	
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	$	382,585.44		$	779,472.96		$	-	$	-	$  1,162,058.40	

Total Liabilities and Net Assets	$	487,795.94	$	785,734.53	$	-	$  4,405,000.00	$  5,678,530.47

Magic Reserve CDD Statement of Activities As of 6/30/2026	
	General Fund		Debt Service Fund		Capital Projects Fund		Long Term Debt Group			Total	
Revenues												
On-Roll Assessments	$	568,453.66								$	568,453.66	
Land Lease Income	5,760.00									5,760.00	
On-Roll Assessments			$	338,647.51							338,647.51	
Inter-Fund Group Transfers In			5,848.10							5,848.10	
Inter-Fund Transfers In					$	(5,848.10)					(5,848.10)	
Total Revenues	$	574,213.66		$	344,495.61		$	(5,848.10)		$	-		$	912,861.17	
Expenses												
Supervisor Fees	$	800.00									$	800.00	
Public Officials Insurance	3,466.00										3,466.00	
Trustee Services	4,238.17										4,238.17	
Management	26,250.03										26,250.03	
Engineering	4,997.45										4,997.45	
Disclosure Agent	5,000.00										5,000.00	
Property Appraiser	215.28										215.28	
District Counsel	2,784.50										2,784.50	
Assessment Administration	5,000.00										5,000.00	
Audit	3,285.00										3,285.00	
Arbitrage Calculation	500.00										500.00	
Tax Preparation	6.42										6.42	
Postage & Shipping	49.57										49.57	
Legal Advertising	971.48										971.48	
Web Site Maintenance	1,725.00										1,725.00	
Dues, Licenses, and Fees	175.00										175.00	
Irrigation	63,087.06										63,087.06	
Property & Casualty	4,236.00										4,236.00	
Other Insurance	500.00										500.00	
Lake Maintenance	1,035.00										1,035.00	
Landscaping Maintenance & Material	15,019.04										15,019.04	
Tree Trimming	4,227.00										4,227.00	
Streetlights	44,620.75										44,620.75	
Principal Payment			$	115,000.00								115,000.00	
Interest Payments			231,031.26								231,031.26	
Total Expenses	$	192,188.75		$	346,031.26		$	-		$	-		$	538,220.01	
Other Revenues (Expenses) & Gains (Losses)												
Interest Income	$	12,194.03								$	12,194.03	
Interest Income			$	17,599.62							17,599.62	
Interest Income					$	22.09					22.09	
Total Other Revenues (Expenses) & Gains (Losses)	$	12,194.03		$	17,599.62		$	22.09		$	-		$	29,815.74	
Change In Net Assets	$	394,218.94		$	16,063.97		$	(5,826.01)		$	-		$	404,456.90	
Net Assets At Beginning Of Year	$	(11,633.50)		$	763,408.99		$	5,826.01		$	-		$	757,601.50	

Net Assets At End Of Year	
$	382,585.44		
$	779,472.96		
$	
-		
$	-		
$	
1,162,058.40	

Magic Reserve Community Development District
Budget to Actual
For the month ending 06/30/2026

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

Revenues

On-Roll Assessments	$  568,453.66		$ 421,897.50	$  146,556.16		$	562,530.00			101.05%	
Interest Income	12,194.03			-	12,194.03			-		0.00%	
Land Lease Income	5,760.00			-	5,760.00			-		0.00%	
Net Revenues	$  586,407.69		$ 421,897.50	
$  164,510.19		$	562,530.00			104.24%	

General & Administrative Expenses

Supervisor Fees	$	800.00		$	-		$	800.00		$	-		0.00%	
Trustee Services	4,238.17		3,150.00		1,088.17			4,200.00		100.91%	
District Management Fees	26,250.03		26,250.00		0.03			35,000.00		75.00%	
Engineering Fees	4,997.45		7,500.00		(2,502.55)			10,000.00		49.97%	
Disclosure Agent	5,000.00		3,750.00		1,250.00			5,000.00		100.00%	
Property Appraiser	215.28		243.75		(28.47)			325.00		66.24%	
District Counsel	2,784.50		13,500.00		(10,715.50)			18,000.00		15.47%	
Assessment Administration	5,000.00		3,750.00		1,250.00			5,000.00		100.00%	
Re-Amortization Schedule	-		187.50		(187.50)			250.00		0.00%	
Arbitrage	500.00		375.00		125.00			500.00		100.00%	
Audit	3,285.00		2,625.00		660.00			3,500.00		93.86%	
Legal Advertising	971.48		1,500.00		(528.52)			2,000.00		48.57%	
Postage /Shipping	49.57		225.00		(175.43)			300.00		16.52%	
Contingency	-		735.00		(735.00)			980.00		0.00%	
Tax Preparation Fee	6.42		15.00		(8.58)			20.00		32.10%	
Web Site Maintenance	1,725.00		2,025.00		(300.00)			2,700.00		63.89%	
Dues, Licenses & Fees	175.00		131.25		43.75			175.00		100.00%	
Irrigation	63,087.06		213,750.00		(150,662.94)			285,000.00		22.14%	
Public Officials' Liability Insurance	3,466.00		2,887.50		578.50			3,850.00		90.03%	
General Insurance	4,236.00		3,547.50		688.50			4,730.00		89.56%	
Additional Insurance	500.00		375.00		125.00			500.00		100.00%	
Lake Maintenance	1,035.00		3,000.00		(1,965.00)			4,000.00		25.88%	
HOA Maintenance	-		37,500.00		(37,500.00)			50,000.00		0.00%	
Landscaping Maintenance and Material	15,019.04		22,500.00		(7,480.96)			30,000.00		50.06%	
Mulch	-		9,000.00		(9,000.00)			12,000.00		0.00%	
Palm Pruning	4,227.00		3,375.00		852.00			4,500.00		93.93%	
Streetlights	44,620.75		60,000.00		(15,379.25)			80,000.00		55.78%	
Total General & Administrative Expenses	$  192,188.75		$ 421,897.50		$ (229,708.75)		$	562,530.00		34.17%	

Total Expenses	
$	
192,188.75	
$	
421,897.50	
$	
(229,708.75)	
$	
562,530.00	
34.17%	

Net Income (Loss)	$  394,218.94	$	-	$  394,218.94	$	-