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	

	Magic Place CDD						
	Statement of Activities						
	As of 12/31/2025						
	General Fund	Debt Service		Capital Projects	Long Term	Debt		Total	
	Fund		Fund	Fund				

Revenues							
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	

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		$	2,040.41		$	-	$	2,040.41		$	-	
	Total Other Income (Expense)	$	2,040.41		$	-	$	2,040.41		$	-	
Net Income (Loss)	$	(58,289.52)		$	-		$	(58,289.52)		$	-