Magic Place CDD
February 2026 Financial Package

February 28, 2026

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

Statement of Financial Position As of 2/28/2026

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

	Assets		
Current Assets			
General Checking Account	$	141,765.12						$	141,765.12	
Assessments Receivable	487,077.61						487,077.61	
Assessments Receivable		$  1,082,290.81					1,082,290.81	
Debt Service Reserve Series 2019		1,138,188.80					1,138,188.80	
Revenue Series 2019		186,354.84					186,354.84	
Interest Series 2019		13.19					13.19	
Prepayment Series 2019		5,437.16					5,437.16	
Sinking Fund Series 2019		43.16					43.16	
Acquisition/Construction Series 2019	
			$	71,012.37			71,012.37	
Total Current Assets	$	628,842.73	$  2,412,327.96		$	71,012.37		$	-	$  3,112,183.06	

Investments
Amount Available in Debt Service Funds		$  1,330,037.15		$  1,330,037.15	
Amount To Be Provided		15,974,962.85		15,974,962.85	
Total Investments	$	-	$	-	$	-	$ 17,305,000.00		$ 17,305,000.00	

Total Assets	$	628,842.73	$  2,412,327.96	$	71,012.37	$ 17,305,000.00	$ 20,417,183.06

Liabilities and Net Assets

Current Liabilities
Accounts Payable	$	7,500.00					$	7,500.00	
Deferred Revenue	487,077.61					487,077.61	
Deferred Revenue			$  1,082,290.81			1,082,290.81	
Due to Other Governmental Units			8,779.26		
	8,779.26	
Total Current Liabilities	$	494,577.61		$  1,091,070.07		$	-	$	-	$  1,585,647.68	

Long Term Liabilities
Revenue Bonds Payable - Long-Term		$ 17,305,000.00		$ 17,305,000.00	
Total Long Term Liabilities	$	-	$	-	$	-	$ 17,305,000.00		$ 17,305,000.00	

Total Liabilities	$	494,577.61	$  1,091,070.07	$	-	$ 17,305,000.00	$ 18,890,647.68

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	(104,515.50)						(104,515.50)	
Net Assets, Unrestricted			$  1,666,199.66				1,666,199.66	
Current Year Net Assets, Unrestricted			(344,941.77)				(344,941.77)	
Net Assets, Unrestricted					$	526,995.11		526,995.11	
Current Year Net Assets, Unrestricted					767.26		767.26	
Net Assets - General Government					(456,750.00)		(456,750.00)	
Total Net Assets	$	134,265.12		$  1,321,257.89		$	71,012.37		$	-	$  1,526,535.38	

Total Liabilities and Net Assets	$	628,842.73	$  2,412,327.96	$	71,012.37	$ 17,305,000.00	$ 20,417,183.06

Statement of Activities As of 2/28/2026

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

Revenues
On-Roll Assessments
Other Income & Other Financing Sources On-Roll Assessments
Other Income & Other Financing Sources
Total Revenues	

$	16,177.05
3,073.96

$	19,251.01		

$	35,945.56
6,830.38

$	42,775.94		

$	-		

$	-		

$	16,177.05
3,073.96
35,945.56
6,830.38

$	62,026.95	
Expenses
Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management Engineering Disclosure Agent Property Appraiser District Counsel
Assessment Administration Audit
Postage & Shipping Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees Electric
Irrigation
General Insurance Other Insurance
Landscaping Maintenance & Material Principal Payment
Interest Payments
Total Expenses	

$	400.00
3,466.00
5,601.92
13,750.00
975.00
1,250.00
267.92
738.00
7,500.00
4,100.00
0.74
197.64
925.00
175.00
9,954.36
12,567.58
4,236.00
500.00
60,139.45

$	126,744.61		

$	25,000.00
380,273.45

$	405,273.45		

$	-		

$	-		

$	400.00
3,466.00
5,601.92
13,750.00
975.00
1,250.00
267.92
738.00
7,500.00
4,100.00
0.74
197.64
925.00
175.00
9,954.36
12,567.58
4,236.00
500.00
60,139.45
25,000.00
$	380,273.45

$	532,018.06	
Other Revenues (Expenses) & Gains (Losses)
Interest Income Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)

Change In Net Assets	

$	2,978.10

$	2,978.10

$  (104,515.50)		

$	17,555.74

$	17,555.74

$	(344,941.77)		

$	767.26

$	767.26

$	767.26		

$	-

$	-		

$	2,978.10
17,555.74
767.26

$	21,301.10

$  (448,690.01)	
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	
$	134,265.12		
$	1,321,257.89		
$	71,012.37		
$	
-		
$ 1,526,535.38	

Magic Place CDD
Budget to Actual
For the month ending 02/28/2026

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

Revenues
On-Roll Assessment	$	16,177.05		$  209,689.58	$ (193,512.53)	$  503,255.00		3.21%	
Other Income & Other Financing Sources	3,073.96		-	3,073.96	-		0.00%	
Net Revenues	$	19,251.01		$  209,689.58	$ (190,438.57)	$  503,255.00		3.83%	

General & Administrative Expenses
Trustee Services	$	5,601.92	$	2,500.00	$	3,101.92	$	6,000.00	93.37%	
Management	13,750.00	13,750.00	-	33,000.00	41.67%	
Engineering	975.00	4,166.67	(3,191.67)	10,000.00	9.75%	
Disclosure Agent	1,250.00	2,083.33	(833.33)	5,000.00	25.00%	
District Counsel	738.00	8,333.33	(7,595.33)	20,000.00	3.69%	
Postage & Shipping	0.74	166.67	(165.93)	400.00	0.19%	
Property Appraiser	267.92	166.67	101.25	400.00	66.98%	
Assessment Administration	7,500.00	3,125.00	4,375.00	7,500.00	100.00%	
Re-Amortization Schedule	-	104.17	(104.17)	250.00	0.00%	
Audit	4,100.00	1,500.00	2,600.00	3,600.00	113.89%	
Legal Advertising	197.64	1,500.00	(1,302.36)	3,600.00	5.49%	
Miscellaneous	-	104.17	(104.17)	250.00	0.00%	
Arbitrage	-	208.33	(208.33)	500.00	0.00%	
Web Site Maintenance	925.00	1,125.00	(200.00)	2,700.00	34.26%	
Dues, Licenses, and Fees	175.00	72.92	102.08	175.00	100.00%	
Public Officials' Liability Insurance	3,466.00	1,532.92	1,933.08	3,679.00	94.21%	
General Liability Insurance	4,236.00	1,873.33	2,362.67	4,496.00	94.22%	
Additional Insurance	500.00	208.33	291.67	500.00	100.00%	
Irrigation	12,567.58	41,666.67	(29,099.09)	100,000.00	12.57%	
Lake Maintenance	-	5,000.00	(5,000.00)	12,000.00	0.00%	
Landscaping Maintenance and Material	60,139.45	102,625.00	(42,485.55)	246,300.00	24.42%	
Streetlights	9,954.36	16,666.67	(6,712.31)	40,000.00	24.89%	
Tax Preparation Fee	-	8.33	(8.33)	20.00	0.00%	
Supervisor Fees	400.00	-	400.00	-	0.00%	
Contingency	-	1,202.08	(1,202.08)	2,885.00	0.00%	

Total General & Administrative Expenses		$	126,744.61		$	209,689.58		$	(82,944.97)		$	503,255.00		25.18%	
Total Expenses		$	126,744.61		$	209,689.58		$	(82,944.97)		$	503,255.00			
															
Income (Loss) from Operations		$	(107,493.60)		$	-		$	(107,493.60)		$	-			

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

$
$	

2,978.10
2,978.10		

$
$	

-
-		

$
$	

2,978.10
2,978.10		

$
$	

-
-			
Net Income (Loss)		$	(104,515.50)		$	-		$	(104,515.50)		$	-