Magic Place Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817
Phone: 407-723-5900, Fax: 407-723-5901
www.magicplacecdd.com

The following is the agenda for the Board of Supervisors’ Meeting for the Magic Place Community Development District (“District”), scheduled to begin at 10:00 a.m. on February 2, 2026, at 7430 Brooklyn Dr., Kissimmee, FL 34747. If you have questions or comments on the Board Meeting, please contact the District Manager’s office at (407) 723-5900. A quorum consisting of at least three of the five Board Members will be confirmed prior to the start of the Board Meeting.
For those unable to attend in person, you may participate by telephone:

Call in number: 1-844-621-3956	Passcode: 2539 895 0958 #

BOARD OF SUPERVISORS’ MEETING AGENDA
Administrative Matters
Call to Order
Roll Call
Public Comment Period
Nomination(s) for Vacant Seat 5 (term expires11/2026)
Consideration of the Minutes of the January 12, 2026, Board of Supervisors’ Meeting
General Business Matters
Review and Consideration of Landscape Maintenance Proposal(s)
Ratification of Payment Authorization Nos. 63 – 72
Review of District Financial Statements

Other Business
Staff Reports
District Counsel
District Engineer
District Manager
[next meeting – March 2, 2026]
Audience Comments
Supervisor Requests
Adjournment

Magic Place Community Development District

Nomination(s) for Vacant Seat 5 (Term Expires 11/2026)

MAGIC PLACE COMMUNITY DEVELOPMENT DISTRICT
BOARD OF SUPERVISORS OATH OF OFFICE

I,	, A CITIZEN OF THE STATE OF FLORIDA AND OF THE UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF MAGIC PLACE COMMUNITY DEVELOPMENT DISTRICT AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor

ACKNOWLEDGMENT OF OATH BEING TAKEN

STATE OF FLORIDA
COUNTY OF 	

The foregoing oath was administered before me by means of □ physical presence or □ online  notarization,  this   day  of 	,  2026,  by
	, who is personally known to me or has produced
	 as identification, and is the person described in and who took the aforementioned oath as a Member of the Board of Supervisors of Magic Place Community Development District and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida

Print Name: 	

Commission No.: 	 Expires: 	

Magic Place Community Development District

Consideration of the Minutes of the January 12, 2026, Board of Supervisors’ Meeting

MINUTES OF MEETING

MAGIC PLACE COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS’ MEETING
Monday, January 12, 2026, at 10:00 a.m.
7430 Brooklyn Dr.
Kissimmee, FL 34747

Board Members in attendance:			
Doris Houck Nayara Longaray Sue Legentil Frederico Gontijo	Chairperson Vice Chair
Assistant Secretary Assistant Secretary		
Also Present:			
Jane Gaarlandt	PFM		
Gazmin Kerr	PFM	(via phone)	
Kevin Plenzler	PFM	(via phone)	
Audrey Ryan	PFM	(via phone)	
Mark Watts	Cobb Cole	(via phone)	
Steven Boyd	Boyd Civil Engineering	(via phone)	

FIRST ORDER OF BUSINESS	Administrative Matters Call to Order/Roll Call
Ms. Gaarlandt called to order the Board of Supervisors’ Meeting for the Magic Place Community Development District at 10:51 a.m. Roll call was taken.

Nomination(s) for:
Vacant Seat 1 (term expires 11/2026)
Vacant Seat 2 (term expires 11/2028
Vacant Seat 5 (term expires 11/2026)

Ms. Gaarlandt called for nominations to establish quorum and reviewed the term expirations.

On motion by Ms. Longaray, seconded by Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Place Community Development District nominated Ms. Doris Houck to Seat 2, with a term expiration of November 28th, 2028.

Swearing In New Supervisors

Ms. Gaarlandt administered the Oath of Office to Ms. Houck.

Public Comment Period

There were no public comments.
Review and Acceptance of the Resignation Letter from Hector Lizasuain

On motion by Ms. Longaray, seconded by Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Place Community Development District accepted the Resignation Letter from Hector Lizasuain.

Ms. Gaarlandt stated the District still has two vacant seats, Seat 1, and Seat 5, both expiring in November 2026.

On motion by Ms. Longaray, seconded by Ms. Houck, with all in favor, the Board of Supervisors for the Magic Place Community Development District nominated Mr. Frederico Gontijo to Seat 1, with a term expiration of November, 2026.

Ms. Gaarlandt administered the Oath of Office to Mr. Gontijo. There were no nominations for Seat 5 at this time.
Consideration of the Minutes of the October 20, 2025, Board of Supervisors’ Meeting

The Board reviewed the minutes.

On motion by Ms. Houck, seconded by Ms. Longaray, with all in favor, the Board of Supervisors for the Magic Place Community Development District approved the Minutes of the October 20, 2025, Board of Supervisor’s Meeting.

Consideration of Resolution 2026-01, Election of Officers
Ms. Gaarlandt noted this resolution will add the new Officers and elect a Chairperson. Ms. Gaarlandt reviewed the current slate of Officers.

On motion by Ms. Longaray, seconded by Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Place Community Development District nominated Ms. Houck as Chairperson for the Board of Supervisors.

On motion, by Ms. Longaray, seconded by Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Place Community Development District approved Resolution 2026-01, Election of Officers, with Doris Houck as Chair, Nayara Longaray as Vice Chair, Jane Gaarlandt as Secretary, Sue Legentil, Frederico Gontijo, and Gazmin Kerr as Assistant Secretaries, Jennifer Glasgow as Treasurer, and Amanda Lane, Rick Montejano, Verona Griffith, and Amy Champagne as Assistant Treasurers.

SECOND ORDER OF BUSINESS	General Business Matters

Review and Acceptance of the Fiscal Years 2019-2024 Arbitrage Rebate Report
Ms. Gaarlandt noted the District has no arbitrage liability at this time.

On motion by Ms. Houck, seconded by Ms. Longaray, with all in favor, the Board of Supervisors for the Magic Place Community Development District accepted the Fiscal Years 2019-2024 Arbitrage Rebate Report.

Review and Acceptance of the Fiscal Year 2025 Arbitrage Rebate Report

Ms. Gaarlandt noted this report is now completed annually versus every 5 years. She also noted the District has no arbitrage liability at this time.

On motion by Ms. Houck, seconded by Ms. Longaray, with all in favor, the Board of Supervisors for the Magic Place Community Development District accepted the Fiscal Year 2025 Arbitrage Rebate Report.

Consideration of the Fiscal Year 2026	Arbitrage	Rebate Engagement Letter with LLS Tax Solutions, Inc
Ms. Gaarlandt noted this is consistent with the previous engagement letter and cost.

On motion by Ms. Houck, seconded by Ms. Longaray, with all in favor, the Board of Supervisors for the Magic Place Community Development District approved the Fiscal Year 2026 Arbitrage Rebate Engagement Letter with LLS Tax Solutions, Inc.

Ratification of the Data Sharing and Usage Agreement with the Osceola County Property Appraiser

Ms. Gaarlandt noted this is an annual agreement to receive information for the tax roll.

On motion by Ms. Longaray, seconded by Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Place Community Development District ratified the Data Sharing and Usage Agreement with the Osceola County Property Appraiser.

Ratification	of	Payment Authorizations Nos. 56 – 62

On motion by Ms. Longaray, seconded by Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Place Community Development District ratified Payment Authorizations Nos. 56 – 62.

Ms. Gaarlandt reviewed the process of payment authorizations for the new Board members.

Review of District Financial Statements
The Board reviewed the monthly financials as of November 2025. Ms. Gaarlandt noted the financials are for information only and require no board action.
Ms. Gaarlandt reviewed the budget line item process for the new Board members.

There was brief discussion regarding additional landscaping maintenance requests and current maintenance agreements. It was noted certain line items may need to be adjusted.

Ms. Longaray stated she is waiting on Landscape maintenance proposals, once received District staff can review how they fit within the budget.

THIRD ORDER OF BUSINESS	Other Business

	Staff Reports	
District Counsel –	Mr. Watts reviewed the Florida Statutes regarding Sunshine laws, ethics, and public records laws for the newly elected Supervisors. It was noted there are District assigned email accounts available to the Supervisors. Mr. Watts also reviewed the Form 1 requirements for the Board.	
	There was brief discussion regarding the completion certificate.	
District Engineer –	Mr. Boyd noted there are still outstanding as-built items to be addressed and final inspections before the completion certificate can be executed. There is a meeting on Thursday in regard to this.	
District Manager –	Ms. Gaarlandt noted that the next meeting is scheduled for February 2, 2026.	
	Ms. Gaarlandt reviewed the FY25 Goals and Objectives Report and noted the report is posted on the District’s website.	

On motion by Ms. Longaray, seconded by Ms. Legentil, with all in favor, the Board of Supervisors for the Magic Place Community Development District accepted the FY 2025 Goals and Objectives Report.

Ms. Houck elected to accept compensation. Ms. Gaarlandt will send out an information packet to the new Board members.

Audience Comments
There were no audience comments.

Supervisors Requests

There were no Supervisor requests.

FOURTH ORDER OF BUSINESS	Adjournment

On motion by Ms. Houck, seconded by Ms. Longaray, with all in favor, the January 12, 2026, Meeting of the Board of Supervisors for the Magic Place Community Development District was adjourned at 11:10 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Magic Place Community Development District

Review and Consideration of Landscape Maintenance Proposal(s)

Blue Grass Corporation	Estimate

Date	Estimate #	
1/29/2026	189	

P.O. Box # 470621
Celebration FL 34747

Name / Address	
Magic Place CDD Frederico Gontijo
3501 Quadragle Blvd Ste 270
Orlando FL 32817	

	Project	
		
Description	Qty	Rate	Total	
Pine Bark Mulch (Cubic Yard - Delivery) Labor	130
1	40.00
2,300.00	5,200.00
2,300.00	
		Total		
$7,500.00	

Magic Place Community Development District

Ratification of Payment Authorization Nos. 62 – 72

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 062 10/10/2025

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
7BA85DEF-0103	OSCEOLA NEWS GAZETTE (MPCDD)	09/29/2025	Magic Place CDD		65.88	
7740	VGLOBALTECH (MPCDD)	09/30/2025	Magic Place CDD		300.00	
7792	VGLOBALTECH (MPCDD)	10/01/2025	Magic Place CDD		125.00	
				Total:	490.88	

Secretary

Please make check payable to:
Magic Place CDD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 063 10/17/2025

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
73196	COBB COLE (MPCDD)	10/16/2025	Magic Place COD		57.00	
93312	FLORIDACOMMERCE (MPCDD)	10/01/2025	Magic Place COD		175.00	
DM-10-2025-35	PFM GROUP CONSULTING LLC (MPCDD)	10/01/2025	Magic Place COD		2,750.00	
				Total:	2,982.00	

Secretary

Please make check payable to: Magic Place COD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 064 10/24/2025

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
92634-102225	DUKE ENERGY PAYMENT PROCESSING (MPCOD)	10/22/2025	Magic Place COD		213.20	
3931	LLS Tax Solutions Inc (MPCDD)	10/23/2025	Magic Place COD		2,250.00	
3940	LLS Tax Solutions Inc (MPCDO)	10/23/2025	Magic Place COD		500.00	
				Total:	2,963.20	

Secretary	3Irperson

Please make check payable to: Magic Place COD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 065 10/31/2025

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
13696	DORA LANDSCAPING, LLC (MPCDD)	10/14/2025	Magic Place COD		213.00	
16497-103125	DUKE ENERGY PAYMENT PROCESSING (MPCDD)	10/31/2025	Magic Place COD		1,533.27	
7BA85DEF-0106	OSCEOLA NEWS GAZETTE (MPCDD)	10/21/2025	Magic Place COD		65.88	
7943075	US BANK FOR MAGIC PLACE (MPCDD)	10/24/2025	Magic Place COD		5,601.92	
				Total:	7,414.07	

Secretary

Please make check payable to: Magic Place COD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 066 11/7/2025

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
4539	BOYD CIVIL ENGINEERING, INC. (MPCDD)	11/06/2025	Magic Place COD		390.00	
13656	DORA LANDSCAPING, LLC (MPCDD)	11/01/2025	Magic Place COD		3,605.00	
13660	DORA LANDSCAPING, LLC (MPCDD)	11/01/2025	Magic Place COD		8,780.75	
28229	GRAU AND ASSOCIATES (MPCDD)	11/04/2025	Magic Place COD		500.00	
OE-EXP-11-2025-37	PFM GROUP CONSULTING LLC (MPCDD)	11/04/2025	Magic Place COD		0.74	
7878	VGLOBALTECH (MPCDD)	11/01/2025	Magic Place COD		125.00	
				Total:	13,401.49	

Secretary

Please make check payable to:
Magic Place COD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 067 11/14/2025

Invoice No	Supplier	Invoice Date Property		Invoice Amount
73463	COBB COLE (MPCDD)	11/05/2025	Magic Place COD	301.00
DM-11-2025-42		PFM GROUP CONSULTING LLC	11/06/2025	Magic Place COD	2,750.00 (MPCDD)
Total:	3,051.00

Secretary	�Cfhah"pe;;;,

Please make check payable to:
Magic Place COD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 068 11/21/2025

Invoice No	Supplier	Invoice Date Property		Invoice Amount
92634-112025	DUKE ENERGY PAYMENT	11/20/2025	Magic Place CDD	688.04
PROCESSING (MPCDD)
7BA85DEF-0110	OSCEOLA NEWS GAZETTE (MPCDD)  10/31/2025	Magic Place CDD	65.88
Total:	753.92

,/

Secretary

Please make check payable to:
Magic Place CDD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 069 11/26/2025

Invoice No	Supplier

139320		PFM GROUP CONSULTING LLC (MPCDD)

Invoice Date  Property

11/24/2025	Magic Place COD

Invoice Amount
7,500.00

Total:	7,500.00

Secretary

Please make check payable to: Magic Place COD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 070 12/5/2025

Invoice No	Supplier	Invoice Date	Property	Invoice Amount	
13855	DORA LANDSCAPING, LLC (MPCDD)	12/01/2025	Magic Place COD	3,605.00	
13859	DORA LANDSCAPING, LLC (MPCDD)	12/01/2025	Magic Place COD	8,780.75	
13939	DORA LANDSCAPING, LLC (MPCDD)	12/01/2025	Magic Place COD	837.28	
13940	DORA LANDSCAPING, LLC (MPCDD)	12/01/2025	Magic Place COD	727.00	
16497-112725	DUKE ENERGY PAYMENT PROCESSING (MPCDD)	12/01/2025	Magic Place COD	1,533.27	
DM-12-2025-44	PFM GROUP CONSULTING LLC (MPCDD)	12/01/2025	Magic Place COD	2,750.00	
				Total:	18,233.30	

Secretary

Please make check payable to: Magic Place COD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUNITY DEVELOPMENT DISTRICT

Payment Authorization No. 071 12/12/2025

Invoice No	Supplier	Invoice Date	Property		Invoice Amount	
4578	BOYD CIVIL ENGINEERING, INC. (MPCDD)	12/09/2025	Magic Place COD		260.00	
74782	COBB COLE (MPCDD)	12/01/2025	Magic Place COD		95.00	
8008	VGLOBALTECH (MPCDD)	12/01/2025	Magic Place COD		125.00	
				Total:	480.00	

Secretary	.....,,, -:hairperson

Please make check payable to:
Magic Place COD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

MAGIC PLACE
COMMUN ITY  DEVELOPMENT DISTRI CT

Payment Authorization No. 072	
12/19/2025					

Invoice No	
Supplier	
Invoice Date	
Property	
Invoice	
				Amount	
92634-121925	DUKE ENERGY PAYMENT	12/19/2025	Magic Place CDD	688.04	
	PROCESSING (MPCDD)				
139778	PFM GROUP CONSULTING LLC	12/15/2025	Magic Place CDD	1,250.00	
	(MPCDD)				
			Total:	1,938.04	

Secretary

Chairpeon

Please make check payable to: Magic Place COD
% PFM Group Consulting LLC 3501 Quadrangle Blvd. Ste. 270
Orlando, FL 32817-8329
(407) 723-5900

Magic Place Community Development District

Review of District Financial Statements

Magic Place CDD
December 2025 Financial Package

December 31, 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 12/31/2025

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

	Assets		
Current Assets			
General Checking Account	$	191,224.98					$	191,224.98	
Assessments Receivable	489,124.67					489,124.67	
Assessments Receivable		$  1,086,839.41				1,086,839.41	
Due From Other Funds		29,157.65				29,157.65	
Debt Service Reserve Series 2019		1,131,349.88				1,131,349.88	
Revenue Series 2019		142,967.51				142,967.51	
Interest Series 2019		117.17				117.17	
Prepayment Series 2019		15,377.79				15,377.79	
Sinking Fund Series 2019		42.90				42.90	
Acquisition/Construction Series 2019	
			$	70,587.74		70,587.74	
Total Current Assets	$	680,349.65	$  2,405,852.31		$	70,587.74		$	-	$  3,156,789.70	

Investments
Amount Available in Debt Service Funds				$  1,289,855.25		$  1,289,855.25	
Amount To Be Provided		
			16,025,144.75		16,025,144.75	
Total Investments	$	-	$	-	$	-		$ 17,315,000.00		$ 17,315,000.00	

Total Assets	$	680,349.65	$  2,405,852.31	$	70,587.74	$ 17,315,000.00	$ 20,471,789.70

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$	10,733.88				$	10,733.88	
Deferred Revenue	489,124.67				489,124.67	
Deferred Revenue			$  1,086,839.41		1,086,839.41	
Total Current Liabilities	$	499,858.55		$  1,086,839.41		$	-	$	-	$  1,586,697.96	

Long Term Liabilities
Revenue Bonds Payable - Long-Term		
			$ 17,315,000.00		$ 17,315,000.00	
Total Long Term Liabilities	$	-	$	-	$	-		$ 17,315,000.00		$ 17,315,000.00	

Total Liabilities	$	499,858.55	$  1,086,839.41	$	-	$ 17,315,000.00	$ 18,901,697.96

Net Assets
Net Assets, Unrestricted	$	(5,247.50)						$	(5,247.50)	
Net Assets - General Government	244,028.12						244,028.12	
Current Year Net Assets - General Government	(58,289.52)						(58,289.52)	
Net Assets, Unrestricted			$  1,666,199.66				1,666,199.66	
Current Year Net Assets, Unrestricted			(347,186.76)				(347,186.76)	
Net Assets, Unrestricted					$	526,995.11		526,995.11	
Current Year Net Assets, Unrestricted					342.63		342.63	
Net Assets - General Government					(456,750.00)		(456,750.00)	
Total Net Assets	$	180,491.10		$  1,319,012.90		$	70,587.74		$	-	$  1,570,091.74	

Total Liabilities and Net Assets	$	680,349.65	$  2,405,852.31	$	70,587.74	$ 17,315,000.00	$ 20,471,789.70
			 
Page 1 of 3

Revenues

Magic Place CDD Statement of Activities As of 12/31/2025

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

On-Roll Assessments	$	14,129.99				$	14,129.99	
Other Income & Other Financing Sources	3,073.96				3,073.96	
On-Roll Assessments			$	31,396.96		31,396.96	
Other Income & Other Financing Sources			6,830.38		6,830.38	
Total Revenues	$	17,203.95		$	38,227.34		$	-	$	-	$	55,431.29	

Expenses

Public Officials' Liability Insurance	$	3,466.00				$	3,466.00	
Trustee Services	5,601.92				5,601.92	
Management	8,250.00				8,250.00	
Engineering	650.00				650.00	
Disclosure Agent	1,250.00				1,250.00	
District Counsel	396.00				396.00	
Assessment Administration	7,500.00				7,500.00	
Audit	500.00				500.00	
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	
Electric	5,501.05				5,501.05	
Irrigation	7,350.86				7,350.86	
General Insurance	4,236.00				4,236.00	
Other Insurance	500.00				500.00	
Landscaping Maintenance & Material	31,583.67				31,583.67	
Principal Payment			$	15,000.00		15,000.00	
Interest Payments			380,168.76		$	380,168.76	
Total Expenses	$	77,533.88		$	395,168.76		$	-	$	-	$	472,702.64	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	2,040.41						$	2,040.41	
Interest Income			$	9,754.66				9,754.66	
Interest Income					$	342.63		342.63	
Total Other Revenues (Expenses) & Gains (Losses)	$	2,040.41		$	9,754.66		$	342.63		$	-	$	12,137.70	
Change In Net Assets	$	(58,289.52)		$	(347,186.76)		$	342.63		$	-	$  (405,133.65)	
Net Assets At Beginning Of Year	$  238,780.62		$	1,666,199.66		$	70,245.11		$	-	$ 1,975,225.39	

Net Assets At End Of Year	
$  180,491.10		
$	1,319,012.90		
$	70,587.74		 

$	-	$ 1,570,091.74	

Page 2 of 3

Magic Place CDD
Budget to Actual
For the month ending 12/31/2025

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

Revenues
On-Roll Assessment	$	14,129.99		$  125,813.75	$ (111,683.76)	$  503,255.00		2.81%	
Other Income & Other Financing Sources	3,073.96		-	3,073.96	-		0.00%	
Net Revenues	$	17,203.95		$  125,813.75	$ (108,609.80)	$  503,255.00		3.42%	

General & Administrative Expenses
Trustee Services	$	5,601.92	$	1,500.00	$	4,101.92	$	6,000.00	93.37%	
Management	8,250.00	8,250.00	-	33,000.00	25.00%	
Engineering	650.00	2,500.00	(1,850.00)	10,000.00	6.50%	
Disclosure Agent	1,250.00	1,250.00	-	5,000.00	25.00%	
District Counsel	396.00	5,000.00	(4,604.00)	20,000.00	1.98%	
Postage & Shipping	0.74	100.00	(99.26)	400.00	0.19%	
Property Appraiser	-	100.00	(100.00)	400.00	0.00%	
Assessment Administration	7,500.00	1,875.00	5,625.00	7,500.00	100.00%	
Re-Amortization Schedule	-	62.50	(62.50)	250.00	0.00%	
Audit	500.00	900.00	(400.00)	3,600.00	13.89%	
Legal Advertising	197.64	900.00	(702.36)	3,600.00	5.49%	
Miscellaneous	-	62.50	(62.50)	250.00	0.00%	
Arbitrage	-	125.00	(125.00)	500.00	0.00%	
Web Site Maintenance	375.00	675.00	(300.00)	2,700.00	13.89%	
Dues, Licenses, and Fees	175.00	43.75	131.25	175.00	100.00%	
Public Officials' Liability Insurance	3,466.00	919.75	2,546.25	3,679.00	94.21%	
General Liability Insurance	4,236.00	1,124.00	3,112.00	4,496.00	94.22%	
Additional Insurance	500.00	125.00	375.00	500.00	100.00%	
Irrigation	7,350.86	25,000.00	(17,649.14)	100,000.00	7.35%	
Lake Maintenance	-	3,000.00	(3,000.00)	12,000.00	0.00%	
Landscaping Maintenance and Material	31,583.67	61,575.00	(29,991.33)	246,300.00	12.82%	
Streetlights	5,501.05	10,000.00	(4,498.95)	40,000.00	13.75%	
Tax Preparation Fee	-	5.00	(5.00)	20.00	0.00%	
Contingency	-	721.25	(721.25)	2,885.00	0.00%	

Total General & Administrative Expenses		$	77,533.88		$	125,813.75		$	(48,279.87)		$	503,255.00		15.41%	
Total Expenses		$	77,533.88		$	125,813.75		$	(48,279.87)		$	503,255.00			
															
Income (Loss) from Operations		$	(60,329.93)		$	-		$	(60,329.93)		$	-			

Other Income (Expense)
Interest Income
Total Other Income (Expense)		

$
$	

2,040.41
2,040.41		

$
$	

-
-		

$
$	

2,040.41
2,040.41		

$
$	

-
-			
Net Income (Loss)		$	(58,289.52)		$	-		$	(58,289.52)		$	-			

Page 3 of 3

Magic Place Community Development District

Staff Reports