Magic Place CDD
June 2026 Financial Package

June 30, 2026

PFM Management Services LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
407-723-5900

Magic Place CDD
Statement of Financial Position As of 6/30/2026

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

	Assets		
Current Assets			
General Checking Account	$	584,765.61						$	584,765.61	
Due From Other Funds		$	4,805.19					4,805.19	
Debt Service Reserve Series 2019		1,125,650.00					1,125,650.00	
Revenue Series 2019		556,837.97					556,837.97	
Interest Series 2019		49.83					49.83	
Prepayment Series 2019		21,147.84					21,147.84	
Sinking Fund Series 2019		79.20					79.20	
Acquisition/Construction Series 2019	
			$	62,133.65			62,133.65	
Total Current Assets	$	584,765.61	$  1,708,570.03		$	62,133.65		$	-	$  2,355,469.29	

Investments
Amount Available in Debt Service Funds		$  1,703,764.84		$  1,703,764.84	
Amount To Be Provided		15,221,235.16		15,221,235.16	
Total Investments	$	-	$	-	$	-	$ 16,925,000.00		$ 16,925,000.00	

Total Assets	$	584,765.61	$  1,708,570.03	$	62,133.65	$ 16,925,000.00	$ 19,280,469.29

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$	10,570.76		
		$	10,570.76	
Total Current Liabilities	$	10,570.76		$	-	$	-	$	-	$	10,570.76	

Long Term Liabilities
Revenue Bonds Payable - Long-Term		$ 16,925,000.00		$ 16,925,000.00	
Total Long Term Liabilities	$	-	$	-	$	-	$ 16,925,000.00		$ 16,925,000.00	

Total Liabilities	$	10,570.76	$	-	$	-	$ 16,925,000.00	$ 16,935,570.76

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	335,414.23						335,414.23	
Net Assets, Unrestricted			$  1,666,199.66				1,666,199.66	
Current Year Net Assets, Unrestricted			42,370.37				42,370.37	
Net Assets, Unrestricted					$	526,995.11		526,995.11	
Current Year Net Assets, Unrestricted					(8,111.46)		(8,111.46)	
Net Assets - General Government					(456,750.00)		(456,750.00)	
Total Net Assets	$	574,194.85		$  1,708,570.03		$	62,133.65		$	-	$  2,344,898.53	

Total Liabilities and Net Assets	$	584,765.61	$  1,708,570.03	$	62,133.65	$ 16,925,000.00	$ 19,280,469.29

Magic Place CDD Statement of Activities As of 6/30/2026	
	General Fund		Debt Service Fund		Capital Projects Fund		Long Term Debt Fund			Total	

Revenues												
On-Roll Assessments	$	524,123.85									$	524,123.85	
Other Income & Other Financing Sources	3,073.96										3,073.96	
On-Roll Assessments			$	1,164,607.92								1,164,607.92	
Other Income & Other Financing Sources	
		6,830.38								6,830.38	
Total Revenues	$	527,197.81		$	1,171,438.30		$	-		$	-		$	1,698,636.11	
Expenses												
Supervisor Fees	$	800.00								$	800.00	
Public Officials' Liability Insurance	3,466.00									3,466.00	
Trustee Services	5,601.92									5,601.92	
Management	24,750.00									24,750.00	
Engineering	2,015.00									2,015.00	
Disclosure Agent	3,750.00									3,750.00	
Property Appraiser	267.92									267.92	
District Counsel	2,005.50									2,005.50	
Assessment Administration	7,500.00									7,500.00	
Audit	4,100.00									4,100.00	
Tax Preparation	12.84									12.84	
Postage & Shipping	71.06									71.06	
Legal Advertising	456.52									456.52	
Web Site Maintenance	1,725.00									1,725.00	
Dues, Licenses, and Fees	175.00									175.00	
Electric	18,701.21									18,701.21	
Irrigation	23,175.01									23,175.01	
General Insurance	4,236.00									4,236.00	
Other Insurance	500.00									500.00	
Landscaping Maintenance & Material	97,257.44									97,257.44	
Principal Payment			$	405,000.00							405,000.00	
Interest Payments			759,901.58							759,901.58	
Capital Expenditures	
		
		$	9,630.00					9,630.00	
Total Expenses	$	200,566.42		$	1,164,901.58		$	9,630.00		$	-		$	1,375,098.00	
Other Revenues (Expenses) & Gains (Losses)												
Interest Income	$	8,782.84								$	8,782.84	
Interest Income			$	35,833.65							35,833.65	
Interest Income	
		
		$	1,518.54					1,518.54	
Total Other Revenues (Expenses) & Gains (Losses)	$	8,782.84		$	35,833.65		$	1,518.54		$	-		$	46,135.03	
Change In Net Assets	$	335,414.23		$	42,370.37		$	(8,111.46)		$	-		$	369,673.14	

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	

$	574,194.85		

$	1,708,570.03		

$	62,133.65		

$	-		

$	

2,344,898.53	

Magic Place CDD
Budget to Actual
For the month ending 06/30/2026

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

Revenues
On-Roll Assessment	$  524,123.85		$  377,441.25	$  146,682.60	$  503,255.00		104.15%	
Other Income & Other Financing Sources	3,073.96		-	3,073.96	-		0.00%	
Net Revenues	$  527,197.81		$  377,441.25	$  149,756.56	$  503,255.00		104.76%	

General & Administrative Expenses
Trustee Services	$	5,601.92	$	4,500.00	$	1,101.92	$	6,000.00	93.37%	
Management	24,750.00	24,750.00	-	33,000.00	75.00%	
Engineering	2,015.00	7,500.00	(5,485.00)	10,000.00	20.15%	
Disclosure Agent	3,750.00	3,750.00	-	5,000.00	75.00%	
District Counsel	2,005.50	15,000.00	(12,994.50)	20,000.00	10.03%	
Postage & Shipping	71.06	300.00	(228.94)	400.00	17.77%	
Property Appraiser	267.92	300.00	(32.08)	400.00	66.98%	
Assessment Administration	7,500.00	5,625.00	1,875.00	7,500.00	100.00%	
Re-Amortization Schedule	-	187.50	(187.50)	250.00	0.00%	
Audit	4,100.00	2,700.00	1,400.00	3,600.00	113.89%	
Legal Advertising	456.52	2,700.00	(2,243.48)	3,600.00	12.68%	
Miscellaneous	-	187.50	(187.50)	250.00	0.00%	
Arbitrage	-	375.00	(375.00)	500.00	0.00%	
Web Site Maintenance	1,725.00	2,025.00	(300.00)	2,700.00	63.89%	
Dues, Licenses, and Fees	175.00	131.25	43.75	175.00	100.00%	
Public Officials' Liability Insurance	3,466.00	2,759.25	706.75	3,679.00	94.21%	
General Liability Insurance	4,236.00	3,372.00	864.00	4,496.00	94.22%	
Additional Insurance	500.00	375.00	125.00	500.00	100.00%	
Irrigation	23,175.01	75,000.00	(51,824.99)	100,000.00	23.18%	
Lake Maintenance	-	9,000.00	(9,000.00)	12,000.00	0.00%	
Landscaping Maintenance and Material	97,257.44	184,725.00	(87,467.56)	246,300.00	39.49%	
Streetlights	18,701.21	30,000.00	(11,298.79)	40,000.00	46.75%	
Tax Preparation Fee	12.84	15.00	(2.16)	20.00	64.20%	
Supervisor Fees	800.00	-	800.00	-	0.00%	
Contingency	-	2,163.75	(2,163.75)	2,885.00	0.00%	

Total General & Administrative Expenses		$	200,566.42		$	377,441.25		$	(176,874.83)		$	503,255.00		39.85%	
Total Expenses		$	200,566.42		$	377,441.25		$	(176,874.83)		$	503,255.00			
															
Income (Loss) from Operations		$	326,631.39		$	-		$	326,631.39		$	-			

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

$
$	

8,782.84
8,782.84		

$
$	

-
-		

$
$	

8,782.84
8,782.84		

$
$	

-
-			
Net Income (Loss)		$	335,414.23		$	-		$	335,414.23		$	-