Solterra
Community Development District January 22, 2026

Seat 1: Mike Levak – (C.)		
Seat 3: Alex Torres – (V.C)		
Seat 5: Dario Gerszuny – (A.S)		
Seat 2: Felix Castillo Jr. – (A.S.)		
Seat 4: Open Seat		

Solterra
Community Development District
Revised Meeting Agenda
Thursday	Governmental Management Services
January 22, 2026	5385 N. Nob Hill Rd., Sunrise, Florida 33351 10:00a.m.		Join the meeting now
Meeting ID: 277 324 538 991 and Passcode: rj2LY2cy
1 872-240-4685 and Phone Conference ID: 924 173 695#

Oath of Office for Mr. Mike Levak and Mr. Felix Castillo Jr. – Page 3

Roll Call
Organizational Matters
Consideration of Resolution #2026-01 Canvassing and Certifying Results of Landowners Election – Page 4
Consideration of Appointment to Fill Unexpired Term(s) of Office for Seat #4 (11/2027)
Oath of Office for Newly Appointed Supervisor(s) – Page 6
Consideration of Resolution #2026-02 Electing Officers – Page 7

Approval of Minutes of the October 23, 2025 Meeting – Page 9

Consideration of Resolution 2026-03 Budget Amendment for Fiscal Year 2026 – Page 14

Staff Reports
Attorney

Engineer – Updated Billing Rates – Page 21

Manager

Financial Reports
Acceptance of Unaudited Financials – Page 23

Supervisors Requests and Audience Comments

Adjournment
Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.solterracdd.com

Oath of Office

I, 	 a resident of the State of Florida and citizen of the United States of America, and being a Supervisor of the Solterra Community Development District and a recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly and impartially discharge the duties devolving upon me in the office of Supervisor of the Solterra Community Development District, 		County, Florida.
Signature 	 Home Address 	

County of Residence: 	 Telephone #: 	 E-mail: 	
Date: 	

Sworn	to	(or	affirmed)	before	me	this			day	of		,	by
	 whose signature appears hereinabove.

Notary Public State of Florida

Print Name

My Commission expires Personally known 	 or produced identification 	
Type of identification	

RESOLUTION 2026-01

A RESOLUTION CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS ELECTION OF SUPERVISORS HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES

WHEREAS, pursuant to Section 190.006(2), Florida Statute, a landowners meeting is required to be held within 90 days of the District’s creation and every two years following the creation of a Community Development District for the purpose of electing three Supervisors of the District; and
WHEREAS, following proper publication of notice thereof, such landowners meeting was held on November 20, 2025, at which the below recited persons were duly elected by virtue of the votes cast in their respective favor; and
WHEREAS, the Board of Supervisors by means of this Resolution desire to canvas the votes and declare and certify the results of said election;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SOLTERRA COMMUNITY DEVELOPMENT DISTRICT;

The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as shown, to wit:
	Mike Levak		Seat #1 -900 Votes  

	Felix C. Castillo Jr		Seat #2 -900 Votes	

	N/A		Seat #4 -0 Votes	

In accordance with said statute, and by virtue of the number of votes cast for the respective Supervisors, they are declared to have been elected for the following terms of office:

	Mike Levak		four (4) year term

	Felix C. Castillo Jr		four (4) year term

	N/A		two (2) year term

Said terms of office shall commence immediately upon the adoption of this Resolution.

PASSED AND ADOPTED THIS, 	 DAY OF 	 2026

Chairman / Vice Chairman

Secretary / Assistant Secretary

Oath of Office

I, 	 a resident of the State of Florida and citizen of the United States of America, and being a Supervisor of the Solterra Community Development District and a recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly and impartially discharge the duties devolving upon me in the office of Supervisor of the Solterra Community Development District, 		County, Florida.
Signature 	 Home Address 	

County of Residence: 	 Telephone #: 	 E-mail: 	
Date: 	

Sworn	to	(or	affirmed)	before	me	this			day	of		,	by
	 whose signature appears hereinabove.

Notary Public State of Florida

Print Name

My Commission expires Personally known 	 or produced identification 	
Type of identification	

RESOLUTION 2026-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SOLTERRA COMMUNITY DEVELOPMENT DISTRICT ELECTING OFFICERS OF THE SOLTERRA COMMUNITY DEVELOPMENT DISTRICT PURSUANT TO SECTION 190.006(6), FLORIDA STATUTES; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, pursuant to the requirements of Section 190.006(6), Florida Statutes, the Board of Supervisors of the SOLTERRA Community Development District desires to elect the below recited persons to the offices specified.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SOLTERRA COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1. The following persons are elected to the SOLTERRA Community Development District offices below, to wit:

Chairman Vice Chair Treasurer
Assistant Treasurer Secretary
Assistant Secretary Assistant Secretary
Section 2.  All sections, or parts thereof, which conflict herewith, are, to the extent of such conflict, superseded and repealed. In the event that any portion of this Resolution is found to be unconstitutional or improper, it shall be severed herein and shall not affect the validity of the remaining portions of this Resolution.
Section 3.   This Resolution shall take effect immediately upon its adoption.

PASSED AND ADOPTED BY THE BOARD OF SUPERVISORS OF THE SOLTERRA COMMUNITY DEVELOPMENT DISTRICT, THIS	 DAY OF 	, 2026.

SOLTERRA	COMMUNITY	DEVELOPMENT DISTRICT

Print name:	 Chairman / Vice Chairman

Print name: 	 Secretary / Assistant Secretary

MINUTES OF THE MEETING SOLTERRA
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Solterra Community Development District was held on Thursday, October 23, 2025, at 10:00 a.m. at 5385 N. Nob Hill Road, Sunrise, Florida.

Present and constituting a quorum were:

Mike Levak	Chairman
Alex Torres	Vice Chairman
Dario Gerszuny	Assistant Secretary
Felix Castillo	Assistant Secretary

Also present were:
Ginger Wald	District Counsel
Juliana Duque	District Manager

FIRST ORDER OF BUSINESS	Roll Call
Ms. Duque called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Organizational Matters
Consideration of Appointment to Fill Unexpired Term(s) of Office for Seat #4 (11/2025)
Oath of Office for Newly Appointed Supervisor(s)
Election of Officer(s)
Ms. Duque: The next item is the organizational matters, and I would like to remind the Board of Supervisors that we have an open seat, seat #4 for the unexpired of November, 2025. Do I have any direction from the Board?
Mr. Levak: No, just table it. Ms. Duque: Ok, perfect.

THIRD ORDER OF BUSINESS	Approval of the Minutes of
the July 24, 2025 Meeting
Ms. Duque: Let’s move forward with the next item, which is the approval of the July 24, 2025 meeting. This is the moment to present any additions, corrections, or deletions. If there is none, a motion to approve them will take place.

On MOTION by Mr. Levak seconded by Mr. Torres with all in favor, the Minutes of the July 24, 2025 Meeting were approved.

FOURTH ORDER OF BUSINESS	Consideration of:
Engagement Letter with Grau & Associates to perform the Audit for Fiscal Year Ending September 30, 2025
Ms. Duque: Let’s move forward with consideration of the engagement letter with Grau & Associates. This letter confirms the audit engagement between Grau & Associates and the District for the fiscal year ending September 30, 2025, and the fee will not exceed $8,300 for the fiscal year 2025, a motion to approve will take place.

On MOTION by Mr. Torres seconded by Mr. Levak with all in favor, accepting the engagement letter with Grau & Associates to perform the audit for Fiscal Year ending September 30, 2025 was approved.

Arbitrage Engagement Letter with LLS Tax Solutions, Inc.
Ms. Duque: Let’s move on to the next item: the arbitrage engagement letter with LLS Tax Solutions. This letter confirms that Tax Solutions will provide annual arbitrage rebate compliance services for the CDD’s $18,000,000 Series 2025 Bonds. Their fee is
$550 per year for these services, which includes reasonable out-of-pocket expenses. Additional fees may apply if they are required to handle extraordinary data requests, bond commingling issues, or IRS reviews. A motion to approve this engagement will be made

On MOTION by Mr. Levak seconded by Mr. Torres with all in favor, accepting the engagement letter with LLS Tax Solutions Inc. was approved.

FIFTH ORDER OF BUSINESS	Discussion of Remedial Action
Plan Update #5 with Broward County Florida Public Works and Environmental Services Department
Ms. Duque: Let’s move forward to the discussion of remedial action plan update #5 with Broward County Florida Public Works and Environmental Servies Department. So, the division reviewed the 5th status report for the RAP at Sunrise Golf and Country Club, and the lab tests confirm that arsenic levels in all affected lots and open spaces meet the clean up standards, so that is good news, and the dewatering is underway for utility installation, so that’s just for informational purposes more than anything else.

SIXTH ORDER OF BUSINESS	Staff Reports
Ms. Duque: Let’s move forward to staff reports, attorney, Ginger.

Attorney
Ms. Wald: So, it has been relayed to me by the developer group, not the CDD group, that they do not want to proceed with the amendment of the boundaries of the District which is contraction of the affordable townhomes, that’s going to stay within the boundaries, and if you recall there was like a little sliver that’s actually owned by the CDD and a small part of that is outside the CDD boundaries, and if we were going to move forward with the contraction it made sense to go ahead and add that in. It does not look like that is something that is necessary since it’s already owned by the CDD, it will not be assessed under the bonds or O&M and it’s part of from what I’m told, the landscaping, the buffer around the roadways. So, to avoid additional costs and proceeding forward it was determined by the development group and to the ask from the CDD, since you’re a petitioner, not to proceed forward with a petition to amend the boundaries, and if that is the consensus of the group, I don’t need a motion but, if that is consensus of the group, that’s what we’ll do. I had spoken with the chairman prior to the meeting, and we normally do this as a plat fee and we collect at the end for attorney’s fees but, we will not do that in this case, we will just go ahead and bill to the CDD for the hourly amount that we did and that will be for the next meeting. That’s it,

that’s my report, and don’t forget to do your 4 hours of ethics training before the end of the year.
Ms. Duque: Thank you so much for that Ginger.

Engineer
Ms. Duque: Let’s move forward with the engineer report, I do not have anything additional to report under the engineer.

Manager – Final Approval of the FY2024 Report Performance Measures and Standards
Ms. Duque: The next item is the final approval of the FY2024 report on performance measures and standards. So, once again, this is the final report that details the accomplishments for the fiscal year 2025. It confirms that the District is in compliance with the new accountability and transparency requirement as per House Bill 7013 and it also demonstrates that all of the goals and objectives of the year were met. So, we recommend the Board accept this document as the official required annual report.

On MOTION by Mr. Levak seconded by Mr. Torres with all in favor, accepting the final approval of the FY2024 Report Performance Measures and Standards was approved.

SEVENTH ORDER OF BUSINESS	Financial Reports
Approval of Funding Requests #39, #40,& #41
Acceptance of Unaudited Financials
Ms. Duque: The next item is the financial reports. Tab A includes approval of funding requests #39, #40, and #41. Tab B is the acceptance of unaudited financials. For reference, Ryan also sends those funding requests to the District Engineer for their approval. If there are no questions, a motion to approve these items will be made.

On MOTION by Mr. Levak seconded by Mr. Torres with all in favor, Funding Requests #39, #40 & #41 and the Unaudited Financials were approved.

EIGHTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Ms. Duque: Do I have any Supervisor’s requests? Mr. Levak: No.
Ms. Duque: None. For the record, there is no one attending via teleconference and no members of the public present for audience comments today.

NINTH ORDER OF BUSINESS	Adjournment
Ms. Duque: A motion to adjourn will take place.

On MOTION by Mr. Levak seconded by Mr. Torres with all in favor, the Meeting was adjourned.

Secretary /Assistant Secretary	Chairman / Vice Chairman

RESOLUTION 2026-03

WHEREAS, the Board of Supervisors, hereinafter referred to as the “Board”, of the Solterra Community Development District, hereinafter referred to as “District”, adopted a Debt Service Fund Budget for fiscal year 2026, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF SOLTERRA COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:

The Debt Service Fund Budget is hereby amended in accordance with Exhibit “A, B & C” attached.

This resolution shall become effective this 22nd day of January 2026 and be reflected in the monthly and fiscal Year End 9/30/26 Financial Statements and Audit Report of the District.

Solterra Community Development District

by:			 Chairman

Attest:

by:			 Secretary

Solterra	
Community Development District	

Budget Amendment	
FY 2026	

Solterra	
Community Development District	
Budget Amendment	
Debt Service Series 2023-1 Special Assessment Notes	
Exhibit A	

Description

REVENUES:

Special Assessments - Direct	
Actuals Thru 12/31/25

$	-	
Adopted Budget FY 2026

$	292,520	
Proposed
Increase / (Decrease)	
Budget Amendment FY 2026

$	-	

$	(292,520)		
TOTAL REVENUES	$	-	$	292,520	$	(292,520)	$	-	
EXPENDITURES:					
Interest - 11/1	$	-	$	146,260	$	(146,260)	$	-	
Interest - 2/1	-	146,260	(146,260)	-	
TOTAL EXPENDITURES	$	-	$	292,520	$	(292,520)	$	-	
			
EXCESS REVENUES (EXPENDITURES)	$	-	$	-	$	-	$	-	

Solterra	
Community Development District	
Budget Amendment	
Debt Service Series 2024 Special Assessment Notes	
Exhibit B	

Description

REVENUES:

Special Assessments - Direct Interest Earnings	
Actuals Thru 12/31/25

$	-
-	
Adopted Budget FY 2026

$	564,131
100	
Proposed
Increase / (Decrease)	
Budget Amendment FY 2026

$	-
-	

$	(564,131)
(100)		
TOTAL REVENUES	$	-	$	564,231	$	(564,231)	$	-	
EXPENDITURES:					
Interest - 11/01	$	-	$	141,033	$	(141,033)	$	-	
Interest - 02/01	-	141,033	(141,033)	-	
Interest - 05/01	-	141,033	(141,033)	-	
Interest - 08/01	-	141,033	(141,033)	-	
TOTAL EXPENDITURES	$	-	$	564,131	$	(564,131)	$	-	
			
EXCESS REVENUES (EXPENDITURES)	$	-	$	100	$	(100)	$	-	

Solterra	
Community Development District	
Budget Amendment	
Debt Service Series 2025 Special Assessment Refunding and Improvement Bonds	
Exhibit C	

Description	Actuals Thru 12/31/25	
Adopted Budget FY 2026

$	-
-
-	
Proposed
Increase / (Decrease)	
Budget Amendment
FY 2026	
REVENUES:					
Special Assessments - On Roll	$	-		$	1,293,200	$	1,293,200	
Interest Earnings	1,400		1,450	1,450	
Carry Forward Surplus (1)	199,941		199,941	199,941	
TOTAL REVENUES	$	201,341	$	-	$	1,494,591	$	1,494,591	
EXPENDITURES:					
Interest - 11/01	$	199,686	$	-	$	199,686	$	199,686	
Interest - 05/01	-	-	510,401	510,401	
Principal- 05/01	-	-	185,000	185,000	
TOTAL EXPENDITURES	$	199,686	$	-	$	895,087	$	895,087	

Other Sources/(Uses)

Interfund transfer In/(Out)	

$	139	

$	-	

$	139	

$	139	
TOTAL OTHER SOURCES/(USES)	$	139	$	-	$	139	$	139	
			
TOTAL EXPENDITURES	$	199,547	$	-	$	894,948	$	894,948	
			
EXCESS REVENUES (EXPENDITURES)	$	1,794	$	-	$	599,643	$	599,643	

Solterra	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2025 Special Assessment Refunding and Improvement Bonds	

Period	Outstanding Balance	Coupon	Principal	Interest	Annual Debt Service	

11/01/25	$  18,000,000	4.65%	$	-	$	199,686	$	199,686	
05/01/26	18,000,000	4.65%	185,000	510,401	-	
11/01/26	17,815,000	4.65%	-	506,100	1,201,501	
05/01/27	17,815,000	4.65%	270,000	506,100	-	
11/01/27	17,545,000	4.65%	-	499,823	1,275,923	
05/01/28	17,545,000	4.65%	285,000	499,823	-	
11/01/28	17,260,000	4.65%	-	493,196	1,278,019	
05/01/29	17,260,000	4.65%	300,000	493,196	-	
11/01/29	16,960,000	4.65%	-	486,221	1,279,418	
05/01/30	16,960,000	4.65%	310,000	486,221	-	
11/01/30	16,650,000	4.65%	-	479,014	1,275,235	
05/01/31	16,650,000	4.65%	325,000	479,014	-	
11/01/31	16,325,000	4.65%	-	471,458	1,275,471	
05/01/32	16,325,000	4.65%	340,000	471,458	-	
11/01/32	15,985,000	4.65%	-	463,553	1,275,010	
05/01/33	15,985,000	4.65%	355,000	463,553	-	
11/01/33	15,630,000	4.65%	-	455,299	1,273,851	
05/01/34	15,630,000	4.65%	375,000	455,299	-	
11/01/34	15,255,000	4.65%	-	446,580	1,276,879	
05/01/35	15,255,000	4.65%	390,000	446,580	-	
11/01/35	14,865,000	4.65%	-	437,513	1,274,093	
05/01/36	14,865,000	4.65%	410,000	437,513	-	
11/01/36	14,455,000	5.80%	-	427,980	1,275,493	
05/01/37	14,455,000	5.80%	435,000	427,980	-	
11/01/37	14,020,000	5.80%	-	415,365	1,278,345	
05/01/38	14,020,000	5.80%	460,000	415,365	-	
11/01/38	13,560,000	5.80%	-	402,025	1,277,390	
05/01/39	13,560,000	5.80%	485,000	402,025	-	
11/01/39	13,075,000	5.80%	-	387,960	1,274,985	
05/01/40	13,075,000	5.80%	515,000	387,960	-	
11/01/40	12,560,000	5.80%	-	373,025	1,275,985	
05/01/41	12,560,000	5.80%	545,000	373,025	-	
11/01/41	12,015,000	5.80%	-	357,220	1,275,245	
05/01/42	12,015,000	5.80%	575,000	357,220	-	
11/01/42	11,440,000	5.80%	-	340,545	1,272,765	
05/01/43	11,440,000	5.80%	610,000	340,545	-	
11/01/43	10,830,000	5.80%	-	322,855	1,273,400	
05/01/44	10,830,000	5.80%	645,000	322,855	-	
11/01/44	10,185,000	5.80%	-	304,150	1,272,005	
05/01/45	10,185,000	5.80%	680,000	304,150	-	
11/01/45	9,505,000	5.80%	-	284,430	1,268,580	
05/01/46	9,505,000	5.80%	720,000	284,430	-	
11/01/46	8,785,000	6.00%	-	263,550	1,267,980	
05/01/47	8,785,000	6.00%	765,000	263,550	-	
11/01/47	8,020,000	6.00%	-	240,600	1,269,150	
05/01/48	8,020,000	6.00%	810,000	240,600	-	
11/01/48	7,210,000	6.00%	-	216,300	1,266,900	
05/01/49	7,210,000	6.00%	860,000	216,300	-	
11/01/49	6,350,000	6.00%	-	190,500	1,266,800	
05/01/50	6,350,000	6.00%	910,000	190,500	-	
11/01/50	5,440,000	6.00%	-	163,200	1,263,700	
05/01/51	5,440,000	6.00%	965,000	163,200	-	
11/01/51	4,475,000	6.00%	-	134,250	1,262,450	
05/01/52	4,475,000	6.00%	1,020,000	134,250	-	
11/01/52	3,455,000	6.00%	-	103,650	1,257,900	
05/01/53	3,455,000	6.00%	1,085,000	103,650	-	
11/01/53	2,370,000	6.00%	-	71,100	1,259,750	
05/01/54	2,370,000	6.00%	1,150,000	71,100	-	
11/01/54	1,220,000	6.00%	-	36,600	1,257,700	
05/01/55	1,220,000	6.00%	1,220,000	36,600	1,256,600	

Total	$	18,000,000	$	20,258,207	$	38,258,207	

Solterra
Community Development District
Non-Ad Valorem Assessments Comparison 2025-2026

Folios	O&M Units	Bonds
2025
Units	Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	FY 2026	FY 2025	Increase/ (decrease)	FY 2026	FY 2025	Increase/ (decrease)	FY 2026	FY 2025	Increase/ (decrease)	

Single Family	

400	

400	

$663.55	

$0.00	

$663.55	

$1,883.55	

$0.00	

$1,883.55	

$2,547.10	

$0.00	

$2,547.10	
Townhomes	413	413	$663.55	$0.00	$663.55	$1,506.84	$0.00	$1,506.84	$2,170.39	$0.00	$2,170.39	
Townhomes - Affordable Housing	87	0	$663.55	$0.00	$663.55	$0.00	$0.00	$0.00	$663.55	$0.00	$663.55	
Total	900	813										

Page 5

January 2, 2026 Board of Supervisors
Solterra Community Development District Attn: District Manager Juliana Duque Governmental Management Services 5385 N Nob Hill Road
Sunrise, FL 33351

Reference:	Solterra Community Development District Alvarez Engineers Personnel Billing Rates
Via:	Email Only: jduque@gmssf.com

Dear Board of Supervisors,

In accordance with the terms of the Engineering Agreement, dated October 21, 2021, between Alvarez Engineers, Inc. and the CDD, I would like to respectfully request the Board of Supervisors to consider updating our hourly personnel billing rates and staff classifications to our proposed 2026 rates as shown in the attached table.

With this proposed adjustment, we do not expect to exceed the Engineering budget adopted by the Board of Supervisors for fiscal year 2026.

Please let me know if you have any questions or if you would like to discuss this further. Sincerely,

Juan R. Alvarez, President Alvarez Engineers, Inc.

M:\Accounting\5. Income\Invoices\Invoicing Forms & Procedures\AE - Billing Rates\Billing Rates (2026)\Rate Adjustment Requests\GMS\Juliana Duque\210302 - Sol (2026.01.02) Rate Adjustment Letter.Doc

Solterra CDD	
Current 2021 Rates	Proposed 2026 Rates	
Principal	$ 210.00	Principal	$ 240.00	
Chief Engineer	$ 210.00	Chief Engineer	$ 230.00	
		Project Manager	$ 215.00	
Senior Engineer	$ 180.00	Senior Engineer	$ 185.00	
Senior Project Engineer	$ 155.00	Engineer 2	$ 165.00	
Project Manager	$ 155.00			
Project Engineer	$ 135.00	Engineer 1	$ 155.00	
		Electrical Engineer	$ 155.00	
Engineer	$ 130.00	Engineer Intern	$ 140.00	
		Senior Designer	$ 120.00	
Computer Aided Design and Drafter
(CADD)	$ 98.00	CADD/Computer Technician	$ 105.00	
		Senior Engineering Technician	$ 110.00	
Engineering Technician	$ 88.00	Engineering Technician	$ 100.00	
Senior Administrative	$ 86.00	Senior Administrative	$ 95.00	
Administrative	$ 52.00	Administrative	$ 70.00	

Staff Classification	Definition
Principal
Chief Engineer	Professional Engineer with 15+ years of experience Project Manager	Professional Engineer with 10+ years of experience
Senior Engineer	Professional Engineer with 10+ years of experience (production) Engineer 2	Professional Engineer with 5+ years of experience
Engineer 1	Professional Engineer with 0+ years of experience
Electrical Engineer	Electrical Engineer with 2+ years of post-graduate experience Engineer Intern	Entry level with engineering degree; Engineering Intern License Senior Designer	15+ years of design experience, non-registered CADD/Computer Technician	Design and Drafting with 1+ years of experience
Senior Engineering Technician  5+ years of experience
Engineering Technician	Entry level with 0-4 years of experience
Senior Administrative	Degreed executive assistant with 8+ years of experience Administrative	Secretary / Clerical

2

Solterra	
Community Development District	

Unaudited Financial Reporting	
December 31, 2025	

Table of Contents

1

2-3

4

5

6

7

8

9

10-11

12

	Balance Sheet

	General Fund

	Debt Service Fund Series 2023

	Debt Service Fund Series 2024

	Debt Service Fund Series 2025

	Capital Project Fund Series 2023

	Capital Project Fund Series 2024

	Capital Project Fund Series 2025

	Month to Month

	Long Term Debt Report

Solterra	
Community Development District	
Combined Balance Sheet	
December 31, 2025	
General	Debt Service	Capital Project	Totals	
Fund	Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account	

Total Assets	$	3,266	$	1,794	$ 1,002,665	$	1,007,725	
			
	$	22,330	$	-	$	-	$	22,330	
Total Liabilites	$	22,330	$	-	$	-	$	22,330	

$	3,266	$

Investments:	
Series 2025	
Revenue	
Acq & Construction	
Cost of Issuance	

-	
-	
-	

Liabilities:	
Accounts Payable	

Fund Balance:	
Restricted for:	
Debt Service	
Capital Project	
Unassigned	

$	-	
-	
(19,063)	

$

-	$	-	$

1,794	
-	
-	

-	
996,436	
6,229	

$	-	
1,002,665	
-	

$	1,794	
1,002,665	
(19,063)	

1,794

3,266

1,794	
996,436	
6,229	

-

Total Liabilities & Fund Balance	$	3,266	$	1,794	$  1,002,665	$	1,007,725

Total Fund Balances	$	(19,063)	$	1,794	$ 1,002,665	$	985,396

Solterra	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending December 31, 2025	

Revenues:		
Special Assessments - On Roll	$	561,363	

$	-	$	-	$	-

Total Revenues	$	561,363	$	-	$	-	$	-	

Expenditures:					
General & Administrative:					
Engineering	$	10,000	$	2,500	$	973	$	1,527	
Attorney	12,000	3,000	3,879	(879)	
Annual Audit	8,300	-	-	-	
Assessment Administration	2,650	-	-	-	
Arbitrage Rebate	1,100	-	-	-	
Dissemination Agent	2,650	662	662	(0)	
Trustee Fees	12,600	-	-	-	
Management Fees	40,831	10,208	10,208	0	
Website Maintenance	1,701	425	425	0	
Postage & Delivery	500	125	8	117	
Insurance General Liability	7,043	7,043	6,163	880	
Printing & Binding	400	100	3	97	
Legal Advertising	2,800	700	371	329	
Other Current Charges	1,363	341	176	165	
Office Supplies	50	13	0	12	
Property Appraiser	-	-	2,800	(2,800)	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	104,163	$	25,292	$	25,844	$	(552)	

Operations & Maintenance

Field Expenditures					
Field Management	$	12,000	$	3,000	$	3,000	$	-	
Security System	7,500	1,875	-	1,875	
Landscape - Maintenance	192,000	48,000	-	48,000	
Landscape - Woodlands section 9	78,000	19,500	-	19,500	
Landscape - Annuals	24,000	6,000	-	6,000	
Irrigation - Repairs & Maintenance	15,000	3,750	-	3,750	
Pest Control	18,000	4,500	-	4,500	
Preserve and Wetland	3,200	800	-	800	
Fountains & Ponds	15,000	3,750	-	3,750	
Utility - Streetlights	37,000	9,250	-	9,250	
Stormwater Drainage Maintenance	7,500	1,875	-	1,875	
Signage	6,500	1,625	-	1,625	
General Repairs & Maintenance	15,000	3,750	-	3,750	

Total Field Expenditures	$	430,700	$	107,675	$	3,000	$	104,675	

Solterra	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending December 31, 2025	

Parks & Recreation

R&M - Pavillion	$	2,500	$	625	$	-	$	625	
R&M - Fence	3,500	875	-	875	
R&M - Entrance Road & Bridge	2,500	625	-	625	
R&M - Entrance Monument	1,500	375	-	375	
R&M - Pathways	2,000	500	-	500	
R&M - Playground	2,000	500	-	500	
R&M - Parking Areas	2,500	625	-	625	
Capital Outlay	10,000	2,500	-	2,500	

Total Parks & Recreation	$	26,500	$	6,625	$	-	$	6,625	

Total Expenditures	$	561,363	$	139,592	$	28,844	$	110,748	

Excess (Deficiency) of Revenues over Expenditu	$	-	$	(139,592)	$	(28,844)	$	(110,748)	

Net Change in Fund Balance	$	-	$	(139,592)	$	(28,844)	$	(110,748)	
	
Fund Balance - Beginning	$	-		$	9,780		
	
Fund Balance - Ending	$	-		$	(19,063)		

Solterra	
Community Development District	
Debt Service Fund Series 2023	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending December 31, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 12/31/25	Thru 12/31/25	Variance	

Revenues		
Special Assessments - Direct	$	292,520	
Interest Income	-	

$	-	
-	

$	-	
-	

$	-	
-	

Total Revenues	$	292,520	$	-	$	-	$	-	

Expenditures:		
Series 2023-1		
Interest - 11/1	$	146,260	$	-	$	-	$	-	
Interest - 2/1	146,260	-	-	-	
Total Expenditures	$	292,520	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditu	$	-	$	-	$	-	$	-	

Net Change in Fund Balance	$	-	$	-	$	-	$	-	
				
Fund Balance - Beginning	$	-		$	-	
				
Fund Balance - Ending	$	-		$	-	

Revenues		
Special Assessments - Direct	$	564,131	$	-	$	-	$	-	
Interest Income	100	-	-	-	
Total Revenues	$	564,231	$	-	$	-	$	-	

Expenditures:				
Interest Expense - 11/1	$	141,033	$	-	$	-	$	-	
Interest Expense - 2/1	141,033	-	-	-	
Interest Expense - 5/1	141,033	-	-	-	
Interest Expense - 8/1	141,033	-	-	-	
Total Expenditures	$	564,131	$	-	$	-	$	-	
				
Excess (Deficiency) of Revenues over Expenditu	$	100	$	-	$	-	$	-	
				
Net Change in Fund Balance	$	100	$	-	$	-	$	-	
				
Fund Balance - Beginning	$	-	$	0		
				
Fund Balance - Ending	$	100	$	-		

Revenues

Special Assessments - Direct	$	-	$	-	$	-	$	-	
Interest Income	-	-	1,400	1,400	
Total Revenues	$	-	$	-	$	1,400	$	1,400	

Expenditures:

Interest Expense - 11/1	

$	-	$	199,686	

$	199,686	

$	-	
Total Expenditures	$	-	$	199,686	$	199,686	$	-	
				
Excess (Deficiency) of Revenues over Expenditu	$	-	$	(199,686)	$	(198,286)	$	1,400	

Other Financing Sources/(Uses)				
Interfund Transfer In/(Out)	$	-	$	-	$	139	$	139	
Total Other Financing Sources (Uses)	$	-	$	-	$	139	$	139	
				
Net Change in Fund Balance	$	-	$	(199,686)	$	(198,147)	$	1,539	
				
Fund Balance - Beginning	$	-	$	199,941		
				
Fund Balance - Ending	$	-	$	1,794		

Revenues		
Interest Income	$	-	

$	-	$	-	$	-

Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:		
Capital Improvements	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditu	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)

Transfer In/(Out)	$	-	

$	-	$

(1)	$

(1)

Solterra	
Community Development District	
Capital Projects Fund Series 2023	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending December 31, 2025	

Total Other Financing Sources (Uses)	$	-	$	-	$	(1)	$	(1)	

Net Change in Fund Balance	$	-	$	-	$	(1)	$	(1)	
					
Fund Balance - Beginning	$	-		$	1		
					
Fund Balance - Ending	$	-		$	-		

Revenues		
Interest Income	$	-	

$	-	$	0	$	0

Total Revenues	$	-	$	-	$	0	$	0	

Expenditures:		
Capital Improvements	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditu	$	-	$	-	$	0	$	0	

Other Financing Sources/(Uses)

Interfund Transfer In/(Out)	$	-	

$	-	$

(138)	$

(138)

Solterra	
Community Development District	
Capital Projects Fund Series 2024	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending December 31, 2025	

Total Other Financing Sources (Uses)	$	-	$	-	$	(138)	$	(138)	

Net Change in Fund Balance	$	-	$	-	$	(137)	$	(137)	
					
Fund Balance - Beginning	$	-		$	137		
					
Fund Balance - Ending	$	-		$	-		

Revenues		
Interest Income	$	-	

$	-	$

13,376	$

13,376

Solterra	
Community Development District	
Capital Projects Fund Series 2025	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending December 31, 2025	

Total Revenues	$	-	$	-	$	13,376	$	13,376	

Expenditures:		
Captal Improvements	$	-	$	-	$	395,870	$	(395,870)	
Total Expenditures	$	-	$	-	$	395,870	$	(395,870)	

Excess (Deficiency) of Revenues over Expenditu	$	-	$	-	$	(382,495)	$	(382,495)	

Net Change in Fund Balance	$	-	$	-	$	(382,495)	$	(382,495)	
					
Fund Balance - Beginning	$	-		$	1,385,160		
					
Fund Balance - Ending	$	-		$	1,002,665		

Solterra	
Community Development District	
Month to Month	

Revenues:														
Special Assessments - On Roll	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Total Revenues	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Expenditures:														
General & Administrative:														
Engineering	$	237	$	237	$	500	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	973	
Attorney	2,389	990	500	-	-	-	-	-	-	-	-	-	3,879	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Assessment Administration	-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	-	-	-	-	
Dissemination Agent	221	221	221	-	-	-	-	-	-	-	-	-	662	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	3,403	3,403	3,403	-	-	-	-	-	-	-	-	-	10,208	
Website Maintenance	142	142	142	-	-	-	-	-	-	-	-	-	425	
Postage & Delivery	3	3	1	-	-	-	-	-	-	-	-	-	8	
Insurance General Liability	6,163	-	-	-	-	-	-	-	-	-	-	-	6,163	
Printing & Binding	1	2	-	-	-	-	-	-	-	-	-	-	3	
Legal Advertising	-	371	-	-	-	-	-	-	-	-	-	-	371	
Other Current Charges	56	61	60	-	-	-	-	-	-	-	-	-	176	
Office Supplies	-	0	-	-	-	-	-	-	-	-	-	-	0	
Property Appraiser	-	-	2,800	-	-	-	-	-	-	-	-	-	2,800	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$ 12,788	$ 5,429	$ 7,626	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	25,844	

Operations & Maintenance														
Field Expenditures														
Field Management	$	1,000	$  1,000	$  1,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,000	
Security System	-	-	-	-	-	-	-	-	-	-	-	-	-	
Landscape - Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Landscape - Woodlands section 9	-	-	-	-	-	-	-	-	-	-	-	-	-	
Landscape - Annuals	-	-	-	-	-	-	-	-	-	-	-	-	-	
Irrigation - Repairs & Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Pest Control	-	-	-	-	-	-	-	-	-	-	-	-	-	
Preserve and Wetland	-	-	-	-	-	-	-	-	-	-	-	-	-	
Fountains & Ponds	-	-	-	-	-	-	-	-	-	-	-	-	-	
Utility - Streetlights	-	-	-	-	-	-	-	-	-	-	-	-	-	
Stormwater Drainage Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Signage	-	-	-	-	-	-	-	-	-	-	-	-	-	
General Repairs & Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	

Total Field Expenditures	$  1,000	$ 1,000	$ 1,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,000	

Solterra	
Community Development District	
Month to Month	

Parks & Recreation														
R&M - Pavillion	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
R&M - Fence	-	-	-	-	-	-	-	-	-	-	-	-	-	
R&M - Entrance Road & Bridge	-	-	-	-	-	-	-	-	-	-	-	-	-	
R&M - Entrance Monument	-	-	-	-	-	-	-	-	-	-	-	-	-	
R&M - Pathways	-	-	-	-	-	-	-	-	-	-	-	-	-	
R&M - Playground	-	-	-	-	-	-	-	-	-	-	-	-	-	
R&M - Parking Areas	-	-	-	-	-	-	-	-	-	-	-	-	-	
Capital Outlay	-	-	-	-	-	-	-	-	-	-	-	-	-	

Total Parks & Recreation	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	

Total Expenditures	$ 13,788	$ 6,429	$ 8,626	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	28,844	

Excess (Deficiency) of Revenues over Expenditures	$ (13,788)	$ (6,429)	$ (8,626)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	(28,844)	

Net Change in Fund Balance	$ (13,788)	$ (6,429)	$ (8,626)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  (28,844)	

Solterra	
Community Development District	
Long Term Debt Report	

Special Assessment Refunding & Improvement Bonds	
Series 2025	

Original Issue Amount:

Term 1:
Interest Rate:	4.
Maturity Date:	May

Term 2:
Interest Rate:	5.
Maturity Date:	May

Term 3:
Interest Rate:	6.
Maturity Date:	May

Bonds Issuance - 8/21/2025	
$18,000,000

65%
1, 2035

80%
1, 2045

00%
1, 2055

$18,000,000	
Current Bonds Outstanding	$18,000,000	

Page 12

Solterra	
Community Development District	
Special Assessment Refunding & Improvement Bonds - Series 2025	

1. Recap of Capital Project Fund Activity Through December 31, 2025

Bond Proceeds	
Interest Earned	
Transfer In / Out	

$2,541,379.80	
$15,728.36	
$0.00	

Source of Funds:

Use of Funds:	
Disbursements:	

LAND & EARTHWORK	
STORMWATER DRAINAGE	
WATER SYSTEM	
WASTEWATER SYSTEM	
ROADWAY	
LAKE & LANDSCAPE	
ONSITE RECREATIONAL FACILITIES	
PROFESSIONAL FEES	
COST OF ISSUANCE	

	
($340,386.92)	
$0.00	
($74,601.00)	
($913.48)	
$0.00	
($31,738.00)	
$0.00	
($517,913.81)	
($588,890.00)	

Adjusted Balance in Construction Account at December 31, 2025		$1,002,664.95 

2. Funds Available For Construction at December 31, 2025	
Book Balance of Construction Fund December 31, 2025	

$1,002,664.95

Construction Funds available at December 31, 2025		$1,002,664.95 

3. Investments - US Bank

December 31, 2025	
Construction Fund:	

Principal	
$1,002,664.95	

Contracts Payable	$0.00	
Balance at December 31, 2025		$1,002,664.95 	

Solterra	
COMMUNITY DEVELOPMENT DISTRICT	
Construction Schedule Series 2025	

REQ. #	

CONTRACTOR	AMOUNT OF REQUISITION	COST OF ISSUANCE	LAND & EARTHWORK	STORMWATER DRAINAGE	

WATER SYSTEM	WASTEWATER SYSTEM	

ROADWAY	LAKE & LANDSCAPE	ONSITE
RECREATIONAL FACILITIES	PROFESSIONAL FEES	

SUMMARY:	

BONS PROCEEDS	$2,541,379.80
INT REC'D TO DATE	$15,728.36
LESS: REQ. PAID	($1,554,443.21)
Transfer to Debt Service	$0.00	
Balance as of December 31, 2025	$1,002,664.95	

BOND PROCEEDS FY2025	INT REC'D FY2025	INT REC'D FY2026	INTERFUND TSFR FY2026	

RECONCILIATION	

CONSTRUCTION	$996,435.60
COI	$6,229.35
OUTSTANDING REQUISITIONS	$0.00
ADJ BALANCE	$1,002,664.95	
VARIANCE	$0.00	

$2,541,379.80	$2,352.71	$13,375.65	$0.00	

Oct-24	$0.00	Oct-24	$0.00	Oct-25	$5,182.76	Oct-25	$0.00	
Nov-24	$0.00	Nov-24	$0.00	Nov-25	$4,431.91	Nov-25	$0.00	
Dec-24	$0.00	Dec-24	$0.00	Dec-25	$3,760.98	Dec-25	$0.00	
Jan-25	$0.00	Jan-25	$0.00	Jan-26	$0.00	Jan-26	$0.00	
Feb-25	$0.00	Feb-25	$0.00	Feb-26	$0.00	Feb-26	$0.00	
Mar-25	$0.00	Mar-25	$0.00	Mar-26	$0.00	Mar-26	$0.00	
Apr-25	$0.00	Apr-25	$0.00	Apr-26	$0.00	Apr-26	$0.00	
May-25	$0.00	May-25	$0.00	May-26	$0.00	May-26	$0.00	
Jun-25	$0.00	Jun-25	$0.00	Jun-26	$0.00	Jun-26	$0.00	
Jul-25	$0.00	Jul-25	$0.00	Jul-26	$0.00	Jul-26	$0.00	
Aug-25	$2,541,379.80	Aug-25	$0.00	Aug-26	$0.00	Aug-26	$0.00	
Sep-25	$0.00	Sep-25	$2,352.71	Sep-26	$0.00	Sep-26	$0.00	

FY 2025		
COI	MBS Capital Markets, LLC.	$360,000.00	$360,000.00	---	---	---	---	---	---	---	---	
COI	Greenberg Traurig	$68,000.00	$68,000.00	---	---	---	---	---	---	---	---	
COI	Giblin Nickerson	$57,500.00	$57,500.00	---	---	---	---	---	---	---	---	
COI	Billing Cochran Lyles Mauro	$45,000.00	$45,000.00	---	---	---	---	---	---	---	---	
COI	GMS-SF, LLC.	$27,500.00	$27,500.00	---	---	---	---	---	---	---	---	
COI	Holland and Knight	$6,250.00	$6,250.00	---	---	---	---	---	---	---	---	
COI	ImageMaster	$1,750.00	$1,750.00	---	---	---	---	---	---	---	---	
COI	Alvarez Engineers	$7,000.00	$7,000.00	---	---	---	---	---	---	---	---	
COI	US Bank - Trustee Fee	$8,390.00	$8,390.00	---	---	---	---	---	---	---	---	
COI	GMS-SF, LLC.	$7,500.00	$7,500.00	---	---	---	---	---	---	---	---	
Requisitions:												
1	Downrite Engineering - CC HOMES	$178,982.46		$178,982.46	---	---	---	---	---	---	---	
2	Kimley-Horn and Associates	$40,475.00		---	---	---	---	---	---	---	$40,475.00	
3	Whitmore Consulting Svcs	$461.25		---	---	---	---	---	---	---	$461.25	
4	Alvarez Engineers, Inc.	$5,045.60		---	---	---	---	---	---	---	$5,045.60	
5	CC HOMES	$171,400.11		---	---	$55,260.00	$228.37	---	$15,646.00	---	$100,265.74	
6	Alvarez Engineers, Inc.	$444.00		---	---	---	---	---	---	---	$444.00	
7	Downrite Engineering - CC HOMES	$26,352.69		$26,352.69	---	---	---	---	---	---	$0.00	
8	Kimley-Horn and Associates	$2,730.00		---	---	---	---	---	---	---	$2,730.00	
9	Alvarez Engineers, Inc.	$21,061.59		---	---	---	---	---	---	---	$21,061.59	
10	CC HOMES	$122,730.23		$6,586.92	---	$19,341.00	$228.37	---	$1,523.00	---	$95,050.94	
11	Alvarez Engineers, Inc.	$1,453.50		---	---	---	---	---	---	---	$1,453.50	
12	Kimley-Horn and Associates	$17,205.00		---	---	---	---	---	---	---	$17,205.00	
13	Downrite Engineering - CC HOMES	$19,163.93		$19,163.93	---	---	---	---	---	---	---	
14	CC HOMES	$115,038.89		$19,760.76	---	---	---	---	---	---	$95,278.13	
15	Billing Cochran Lyles Mauro	$4,322.00		---	---	---	---	---	---	---	$4,322.00	
16	Alvarez Engineers, Inc.	$234.00		---	---	---	---	---	---	---	$234.00	
17	Downrite Engineering - CC HOMES	$29,610.13		$29,610.13	---	---	---	---	---	---	---	
18	Kimley-Horn and Associates	$6,270.00		---	---	---	---	---	---	---	$6,270.00	
19	CC HOMES	$57,718.72		---	---	---	$228.37	---	$11,523.00	---	$45,967.35	
20	Alvarez Engineers, Inc.	$253.00		---	---	---	---	---	---	---	$253.00	
21	Alvarez Engineers, Inc.	$18,530.80		---	---	---	---	---	---	---	$18,530.80	
22	Alvarez Engineers, Inc.	$3,250.00		---	---	---	---	---	---	---	$3,250.00	
23	Downrite Engineering - CC HOMES	$59,930.03		$59,930.03	---	---	---	---	---	---	---	
24	CC HOMES	$29,290.28		---	---	---	$228.37	---	$3,046.00	---	$26,015.91	
25	Kimley-Horn and Associates	$33,600.00		---	---	---	---	---	---	---	$33,600.00	
GRAND TOTAL		$1,554,443.21	$588,890.00	$340,386.92	$0.00	$74,601.00	$913.48	$0.00	$31,738.00	$0.00	$517,913.81