Solterra	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1-2		General Fund

	Narratives

	Debt Service Fund Series 2025

	Series 2025 Amortization Schedule

	Assessment Schedule

Solterra	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY 2027	
REVENUES:

$	561,363	$	585,863	$	-	$	585,863	$	561,363	

Special Assessments - On Roll

TOTAL REVENUES	$	561,363	$	585,863	$	-	$	585,863	$	561,363	

EXPENDITURES:	
Administrative:	
Engineering	
Attorney	
Annual Audit	
Assessment Administration	
Arbitrage Rebate	
Dissemination Agent	
Trustee Fees	
Management Fees	
Website Maintenance	
Postage & Delivery	
Insurance General Liability	
Printing & Binding	
Legal Advertising	
Other Current Charges	
Office Supplies	
Property Appraiser	
Dues, Licenses & Subscriptions	

$	10,000	$	4,410	$	5,590	$	10,000	$	10,000	
12,000	16,439	8,561	25,000	25,000	
8,300	9,300	-	9,300	9,400	
2,650	5,000	-	5,000	5,300	
1,100	1,650	-	1,650	550	
2,650	1,546	1,104	2,650	2,809	
12,600	-	4,246	4,246	4,246	
40,831	23,818	17,013	40,831	43,281	
1,701	992	709	1,701	1,701	
500	65	435	500	500	
7,043	6,163	-	6,163	6,779	
400	16	384	400	250	
2,800	1,123	1,677	2,800	2,800	
1,363	297	1,067	1,364	1,522	
50	0	50	50	50	
-	2,800	-	2,800	2,800	
175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	104,163	$	73,794	$	40,836	$	114,630	$	117,163	

Operations & Maintenance	
Field Operations	
Field Management	
Security System	
Landscape - Maintenance	
Landscape - Park Maintenance	
Landscape - Annuals	
Irirgation - Repairs & Maintenance	
Pest Control	
Preserve and Wetland	
Fountains & Ponds	
Utility - Streetlights	
Stormwater Drainage Maintenance	
Signage	
General Repairs & Maintenance	

$	12,000	$	7,000	$	5,000	$	12,000	$	12,000	
7,500	-	7,500	7,500	7,500	
192,000	-	192,000	192,000	192,000	
78,000	-	78,000	78,000	78,000	
24,000	-	24,000	24,000	24,000	
15,000	-	15,000	15,000	15,000	
18,000	-	18,000	18,000	18,000	
3,200	-	3,200	3,200	3,200	
15,000	-	15,000	15,000	10,500	
37,000	-	37,000	37,000	35,000	
7,500	-	7,500	7,500	7,500	
6,500	-	6,500	6,500	5,000	
15,000	-	15,000	15,000	10,000	

Total Field Operations	$	430,700	$	7,000	$	423,700	$	430,700	$	417,700	

Solterra	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY 2027	

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	
Reserves	

$	2,500	$	-	$	2,500	$	2,500	$	2,500	
3,500	-	3,500	3,500	3,500	
2,500	-	2,500	2,500	2,500	
1,500	-	1,500	1,500	1,500	
2,000	-	2,000	2,000	2,000	
2,000	-	2,000	2,000	2,000	
2,500	-	2,500	2,500	2,500	
10,000	-	10,000	10,000	10,000	
-	-	14,033	14,033	-	

Total Parks & Recreation	$	26,500	$	-	$	40,533	$	40,533	$	26,500	

TOTAL EXPENDITURES	$	561,363	$	80,794	$	505,069	$	585,863	$	561,363	

EXCESS REVENUES (EXPENDITURES)	$	-	$	505,069	$	(505,069)	$	-	$	-	

Product	Assessable Units	Net Assessment	Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase / (Decrease)	

Single Family	400	$	249,495	$	265,420	$	663.55	$	663.55	$	0.00	
Townhomes	413	$	257,603	$	274,046	$	663.55	$	663.55	$	0.00	
Townhomes - Affordable Housing	87	$	54,265	$	57,729	$	663.55	$	663.55	$	0.00	

TOTAL	900	$	561,363	$	597,195	

Solterra	
Community Development District	
Budget Narrative	
Fiscal Year 2027	
REVENUES	

Special Assessments - On Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating
expenditures during the Fiscal Year.	

Expenditures - Administrative	

District Engineering Fees	
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.	
Attorney Fees	
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.	
Annual Audit	
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.	

Assessment Administration	
The costs associated with preparing, processing and administering the annual assessment place on the County’s tax roll.	
Arbitrage Rebate	
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Trustee Fees	
The District notes are held and administered by a Trustee at US Bank. This represents the trustee annual fee.	
District Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Postage and Delivery	
Mailing of agenda packages, overnight deliveries, correspondence, etc.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings, public hearings etc in a newspaper of general circulation.	
Other Current Charges	
Bank charges and any other miscellaneous expenses that incurred during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Department of Commerce for $175. This is the only expense under this category for the District.	
Contingencies	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	

Solterra	
Community Development District	
Budget Narrative	
Fiscal Year 2027
Expenditures - Field	

Field Management	
The District has contracted with Governmental Management Services-Central Florida, LLC to provide on-site field management of contracts for the District services such as landscape and lake maintenance. Services to include weekly onsite inspections, meetings with contractors and monitoring of utility accounts.	
Security System	
The district has a contract line expense to purchase and maintain the security systems and cameras for both at the call boxes and entrance.	
Landscape Maintenance	
Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. The District has contracted with Prince & Sons, Inc. to provide these services.	
Landscape - Park Maintenance	
Represents the estimated maintenance of the landscaping service expenses of the open spaces in the park area.	
Landscape - Annuals	
Flowers/annual rotations- (3)	
Irirgation - Repairs & Maintenance	
Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.	
Pest Control	
Represents the cost of pest control and fertilization services.	
Preserve & Wetland	
Represents the cost of maintenance for the two areas (9) on the west side.	
Fountains & Ponds	
Represents the estimated costs to maintain the fountains and ponds within the District’s boundaries.	
Utility - Streetlights	
Represents costs for electric for projects such as streetlights, signs, electric for well pump within the District. Florida Power & Light provides this service.	
Stormwater Drainage Maintenance	
The District has a contract to provide certain vacuum, clearing, desilting, dredging, and repair services with respect to certain District drainage structures that constitute part of the District's stormwater managemenent system.	
Signage	
Represents the cost to purchase , maintain and repair signs wihin the District's boundaries.	
General Repairs & Maintenance	
Represents other costs for sudden and unforeseen expenses.	
Expenditures - Parks & Recreation	

R&M - Pavillion	
Represents cost for repairs & maintenance for the Pavillion areas.	
R&M - Fence	
Represents cost for repairs & maintenance of fences around the District.	
R&M - Entrance Road & Bridge	
Represents cost for repairs & maintenance of the entrance roads and the bridges.	
R&M - Entrance Monument	
Represents cost for repairs & maintenance of the entrance monument.	
R&M - Pathways	
Represents cost for repairs & maintenance of pathways.	
R&M - Playground	
Represents cost for repairs & maintenance for the Playground areas.	
R&M - Parking Areas	
Represents cost for repairs & maintenance for the Parking areas.	
Capital Outlay	
Represents cost allocated to purchase and maintain assets for the daily operations such as furnitures.	

Solterra	
Community Development District	
Adopted Budget	
Debt Service Series 2025 Special Assessment Notes	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2026	4/30/26	5 Months	9/30/26	FY 2027	
REVENUES:

Special Assessments - Direct	
Interest Earnings	
Carry Forward Surplus (1)	

$	1,293,200	$	1,349,639	$	-	$	1,349,639	$	1,293,200	
1,450	4,268	1,732	6,000	4,500	
199,941	199,941	-	199,941	660,632	

TOTAL REVENUES	$	1,494,591	$	1,553,848	$	1,732	$  1,555,580	$	1,958,332	
EXPENDITURES:

Series 2025	
Interest - 11/1	
Interest - 5/1	
Principal - 5/1	

$	199,686	$	199,686	$	-	$	199,686	$	506,100	
510,401	-	510,401	510,401	506,100	
185,000	-	185,000	185,000	270,000	

TOTAL EXPENDITURES	$	895,087	$	199,686	$	695,401	$	895,087	$	1,282,200	

Other Sources/(Uses)

$	139	$	139	$	-	$	139	$	-	

Interfund transfer In/(Out)

TOTAL OTHER SOURCES/(USES)	$	139	$	139	$	-	$	139	$	-	

TOTAL EXPENDITURES	$	894,948	$	199,547	$	695,401	$	894,948	$	1,282,200	

EXCESS REVENUES (EXPENDITURES)	$	599,643	$	1,354,301	$	(693,669)	$	660,632	$	676,132	

Interest Due 11/1/27	 $	499,823 	
	 $	499,823 	

(1) Carry Forward is Net of Reserve Requirement

Product	Assessable Units	
Net Assessment	
Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase / (Decrease)	

Single Family	400	$	708,215	$	753,420	$	1,883.55	$	1,883.55	$	-	
Townhomes	413	$	584,985	$	622,325	$	1,506.84	$	1,506.84	$	-	
Townhomes - Affordable Housing	87	$	-	$	-	$	-	$	-	$	-	

TOTAL	900	$	1,293,200	$	1,375,745	

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	
2026-2027	

Folios	O&M Units	Bonds 2025 Units	Annual Maintenance Assessments	
Annual Debt Series 2025	
Total Assessed Per Unit	
	FY 2027	FY 2026	Increase/ (decrease)	FY 2027	FY 2026	Increase/ (decrease)	FY 2027	FY 2026	Increase/ (decrease)	

Single Family	
400	
400	
$663.55	
$663.55	
$0.00	
$1,883.55	
$1,883.55	
$0.00	
$2,547.10	
$2,547.10	
$0.00	
Townhomes	413	413	$663.55	$663.55	$0.00	$1,506.84	$1,506.84	$0.00	$2,170.39	$2,170.39	$0.00	
Townhomes - Affordable Housing	87	87	$663.55	$663.55	$0.00	$0.00	$0.00	$0.00	$663.55	$663.55	$0.00	
Total	900	900										

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