Magic Place CDD
September 2025 Financial Package

September 30, 2025

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

Magic Place CDD	
Statement of Financial Position	
As of 9/30/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Fund

Total

$	248,442.13	
22,735.49	
8,202.00	
1,134,662.50	
510,241.08	
0.20	
15,645.37	
42.49	
70,008.68	
$  2,009,979.94	

Assets

$	248,442.13	
22,735.49	
8,202.00	

$  1,134,662.50	
510,241.08	
0.20	
15,645.37	
42.49	

Current Assets	
General Checking Account	
Due From Other Governmental Units	
Prepaid Expenses	
Debt Service Reserve Series 2019	
Revenue Series 2019	
Interest Series 2019	
Prepayment Series 2019	
Sinking Fund Series 2019	
Acquisition/Construction Series 2019	
Total Current Assets	

$	279,379.62

$  1,660,591.64

$	70,008.68

$	70,008.68	$	-

    

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

$	1,660,591.64	$  1,660,591.64	
15,669,408.36	15,669,408.36	
$ 17,330,000.00	$ 17,330,000.00	

$	-	$	-	$	-

Total Assets

$	279,379.62

$  1,660,591.64

$	70,008.68

$ 17,330,000.00

$ 19,339,979.94

Liabilities and Net Assets

Current Liabilities	
Accounts Payable	
Total Current Liabilities	

$	11,177.00

$	11,177.00	$

-	$	-	$

$	11,177.00

-	$	11,177.00

Long Term Liabilities	
Revenue Bonds Payable - Long-Term	
Total Long Term Liabilities	

	
	$ 17,330,000.00		$ 17,330,000.00	
$	-	$	-	$	-	$ 17,330,000.00		$ 17,330,000.00	

    

Total Liabilities

$	11,177.00	$

-	$	-

$ 17,330,000.00

$ 17,341,177.00

    

$	(5,247.50)	
111,606.15	
161,843.97	

$  1,608,611.29	
51,980.35	

$	268,202.62

    

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

$	(5,247.50)	
111,606.15	
161,843.97	
1,608,611.29	
51,980.35	
663,577.06	
(136,818.38)	
(456,750.00)	
$	-	$  1,998,802.94	

$	663,577.06	
(136,818.38)	
(456,750.00)	
$  1,660,591.64	$	70,008.68	

Total Liabilities and Net Assets

$	279,379.62

$  1,660,591.64

$	70,008.68

$ 17,330,000.00

$ 19,339,979.94

Magic Place CDD	
Statement of Activities	
As of 9/30/2025	

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Fund

Total

$	330,082.97	
2,525.77	
1,173,570.41	
8,980.06	
(13,576.80)	
13,576.80	
$ 1,515,159.21	

Revenues

$	330,082.97	
2,525.77	

$  1,173,570.41	
8,980.06	
(13,576.80)	

On-Roll Assessments	
Other Income & Other Financing Sources	
On-Roll Assessments	
Other Income & Other Financing Sources	
Inter-Fund Group Transfers In	
Inter-Fund Transfers In	
Total Revenues	

$	332,608.74

$

$  1,168,973.67	$

13,576.80

13,576.80	$	-

$	3,270.00	
5,731.22	
33,000.00	
3,645.00	
5,000.00	
121.03	
3,180.05	
7,500.00	
3,405.00	
3,193.79	
46.48	
2,220.00	
175.00	
24,428.26	
15,991.97	
3,996.00	
92,743.03	
400,000.00	
775,968.77	
153,934.00	
$ 1,537,549.60	

Expenses

$	3,270.00	
5,731.22	
33,000.00	
3,645.00	
5,000.00	
121.03	
3,180.05	
7,500.00	
3,405.00	
3,193.79	
46.48	
2,220.00	
175.00	
24,428.26	
15,991.97	
3,996.00	
92,743.03	

$	400,000.00	
775,968.77	

Public Officials' Liability Insurance	
Trustee Services	
Management	
Engineering	
Disclosure Agent	
Property Appraiser	
District Counsel	
Assessment Administration	
Audit	
Legal Advertising	
Contingency	
Web Site Maintenance	
Dues, Licenses, and Fees	
Electric	
Irrigation	
General Insurance	
Landscaping Maintenance & Material	
Principal Payment	
Interest Payments	
Capital Expenditures	
Total Expenses	

$	207,646.83

$

$  1,175,968.77	$

153,934.00

153,934.00	$	-

$	10,567.06	
58,975.45	
3,538.82	
$	73,081.33	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	
Interest Income	
Interest Income	
Total Other Revenues (Expenses) & Gains (Losses)	

$	10,567.06

$	10,567.06

$	58,975.45
$

$	58,975.45	$

3,538.82

3,538.82	$	-

Change In Net Assets

$	135,528.97

$	51,980.35	$

(136,818.38)	$

-	$	50,690.94

Net Assets At Beginning Of Year

$	106,358.65

$  1,608,611.29	$

206,827.06	$

-	$ 1,921,797.00

    

Net Assets At End Of Year

$	241,887.62

$  1,660,591.64	$

70,008.68	$

-	$ 1,972,487.94

Magic Place CDD	
Budget to Actual	
For the month ending 09/30/2025	

YTD Actual	YTD Budget	YTD Variance

FY 2025
Adopted
Budget	Percentage

Revenues	
On-Roll Assessment	
Other Income & Other Financing Sources	
Net Revenues	

	
$  330,082.97		$  316,955.00	$	13,127.97	$  316,955.00		104.14%	
2,525.77		-	2,525.77	-		0.00%	
$  332,608.74		$  316,955.00	$	15,653.74	$  316,955.00		104.94%	

General & Administrative Expenses	
Trustee Services	
Management	
Engineering	
Disclosure Agent	
District Counsel	
Property Appraiser	
Assessment Administration	
Re-Amortization Schedule	
Audit	
Legal Advertising	
Miscellaneous	
Arbitrage	
Web Site Maintenance	
Dues, Licenses, and Fees	
Public Officials' Liability Insurance	
General Liability Insurance	
Irrigation	
Lake Maintenance	
Landscaping Maintenance and Material	
Streetlights	
Contingency	
Total General & Administrative Expenses	

$	5,731.22	$	6,000.00	$	(268.78)	$	6,000.00		95.52%	
33,000.00	33,000.00	-	33,000.00		100.00%	
3,645.00	10,000.00	(6,355.00)	10,000.00		36.45%	
5,000.00	5,000.00	-	5,000.00		100.00%	
3,180.05	20,000.00	(16,819.95)	20,000.00		15.90%	
121.03	400.00	(278.97)	400.00		30.26%	
7,500.00	7,500.00	-	7,500.00		100.00%	
-	250.00	(250.00)	250.00		0.00%	
3,405.00	3,500.00	(95.00)	3,500.00		97.29%	
3,193.79	2,000.00	1,193.79	2,000.00		159.69%	
-	250.00	(250.00)	250.00		0.00%	
-	500.00	(500.00)	500.00		0.00%	
2,220.00	2,580.00	(360.00)	2,580.00		86.05%	
175.00	175.00	-	175.00		100.00%	
3,270.00	3,475.00	(205.00)	3,475.00		94.10%	
3,996.00	4,225.00	(229.00)	4,225.00		94.58%	
15,991.97	70,000.00	(54,008.03)	70,000.00		22.85%	
-	12,000.00	(12,000.00)	12,000.00		0.00%	
92,743.03	100,000.00	(7,256.97)	100,000.00		92.74%	
24,428.26	30,000.00	(5,571.74)	30,000.00		81.43%	
46.48	6,100.00	(6,053.52)	6,100.00		0.76%	
$  207,646.83	$  316,955.00	$ (109,308.17)	$  316,955.00		65.51%	

Total Expenses	$  207,646.83	$  316,955.00	$ (109,308.17)	$  316,955.00

Income (Loss) from Operations

Other Income (Expense)	
$  124,961.91	
$	-	
$  124,961.91	
$	-	
Interest Income	$	10,567.06	$	-	$	10,567.06	$	-	
Total Other Income (Expense)	
$	10,567.06	
$	-	
$	10,567.06	
$	-	
Net Income (Loss)	$  135,528.97	$	-	$  135,528.97	$	-