Solterra	
Community Development District	

Adopted Budget	
FY 2026	

Table of Contents

1-2		General Fund

	Narratives

	Debt Service Fund Series 2023-1 Notes

	Series 2023-1 Notes Amortization Schedule

	Debt Service Fund Series 2024 Notes

	Series 2024 Notes Amortization Schedule

	Assessment Schedule

Solterra	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2025	6/30/25	3 Months	9/30/25	FY 2026	

REVENUES:	
Special Assessments - On Roll	
Developer Contributions	

$	-	$	-	$	-	$	-	$	561,363	
103,749	77,175	26,574	103,749	-	

TOTAL REVENUES	$	103,749	$	77,175	$	26,574	$	103,749	$	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	
Dues, Licenses & Subscriptions	

$	10,900	$	6,215	$	3,785	$	10,000	$	10,000	
20,000	16,433	3,567	20,000	12,000	
8,100	8,100	-	8,100	8,300	
2,500	-	2,500	2,500	2,650	
550	-	1,100	1,100	1,100	
5,000	1,875	625	2,500	2,650	
6,000	4,246	4,246	8,493	12,600	
38,520	28,890	9,630	38,520	40,831	
1,605	1,204	401	1,605	1,701	
500	49	451	500	500	
6,149	5,814	-	5,814	7,043	
500	144	356	500	400	
2,500	343	2,492	2,835	2,800	
700	415	643	1,058	1,363	
50	-	50	50	50	
175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	103,749	$	73,902	$	29,847	$	103,749	$	104,163	

Operations & Maintenance	
Field Operations	
Field Management	
Security System	
Landscape - Maintenance	
Landscape - Woodlands section 9	
Landscape - Anuuals	
Irirgation - Repairs & Maintenance	
Pest Control	
Preserve and Wetland	
Fountains & Ponds	
Utility - Streetlights	
Stormwater Drainage Maintenance	
Signage	
General Repairs & Maintenance	

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

Total Field Operations	$	-	$	-	$	-	$	-	$  430,700	

Solterra	
Community Development District	
Adopted Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2025	6/30/25	3 Months	9/30/25	FY 2026	

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	

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

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

TOTAL EXPENDITURES	$	103,749	$	73,902	$	29,847	$	103,749	$	561,363	

EXCESS REVENUES (EXPENDITURES)	$	-	$	3,273	$	(3,273)	$	-	$	-	

Product	Assessable Units	Net Assessment	Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase / (Decrease)	

Single Family	400	$	249,495	$ 265,420.00	$	-	$	663.55	$	663.55	
Townhomes	413	$	257,603	$ 274,046.15	$	-	$	663.55	$	663.55	
Townhomes - Affordable Housing	87	$	54,265	$  57,728.85	$	-	$	663.55	$	663.55	

TOTAL	900	$  561,363	$	597,195	

Solterra	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

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 2026	

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 - Woodlands Section 9	
Represents the estimated maintenance of the landscaping service expenses in the Woodlands Section 9 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 2023-1 Special Assessment Notes	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2025	6/30/25	3 Months	9/30/25	FY 2026	
REVENUES:

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

$	327,472	$	371,706	$	146,232	$	517,938	$	292,520	
-	211	130	341	-	
189	-	-	-	-	

TOTAL REVENUES	$	327,661	$	371,918	$	146,362	$	518,280	$	292,520	
EXPENDITURES:

Series 2023-1	
Interest - 11/1	
Interest - 2/1	
Interest - 5/1	
Interest - 8/1	

$	81,868	$	121,035	$	-	$	121,035	$	146,260	
81,868	125,493	-	125,493	146,260	
81,868	125,493	-	125,493	-	
81,868	-	146,260	146,260	-	

TOTAL EXPENDITURES	$	327,472	$	372,020	$	146,260	$	518,280	$	292,520	

TOTAL EXPENDITURES	$	327,472	$	372,020	$	146,260	$	518,280	$	292,520	

EXCESS REVENUES (EXPENDITURES)	$	189	$	(102)	$	102	$	-	$	-	

Solterra	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2023-1 Special Assessment Notes	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

ORIGINAL						
05/22/23	$	7,100,000	6.50%	$	-	$	-	$	-	
08/01/23	7,100,000	6.50%	-	88,454		
11/01/23	7,100,000	6.50%	-	115,375	203,829	
02/01/24	7,100,000	6.50%	-	115,375	-	
05/01/24	7,100,000	6.50%	-	115,375	-	
08/01/24	7,100,000	6.50%	-	115,375	-	
11/01/24	7,100,000	6.50%	-	115,375	461,500	
02/01/25	7,100,000	6.50%	-	115,375	-	
05/01/25	7,100,000	6.50%	-	115,375		
08/01/25	7,100,000	6.50%	-	115,375	-	
11/01/25	7,100,000	6.50%	-	115,375	461,500	
02/01/26	7,100,000	6.50%	7,100,000	115,375	7,215,375	

Total	$7,100,000	$1,242,204	$8,342,204	

(1) Interest assumes full draw of bonds at current interest rate

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

ACTUAL						
05/22/23	$	-	6.50%	$	2,938,029	$	-	$	-	
08/01/23	2,938,029	6.50%	-	35,542		
11/01/23	2,938,029	6.50%	2,100,000	50,018	5,123,589	
02/01/24	5,038,029	6.50%	-	81,868	-	
05/01/24	5,038,029	6.50%	480,000	81,870	-	
08/01/24	5,518,029	7.07%	1,000,000	97,878	-	
11/01/24	6,518,029	7.07%	581,971	121,035	2,444,622	
02/01/25	7,100,000	7.07%	-	125,493	-	
05/01/25	7,100,000	7.07%	-	125,493		
08/01/25	7,100,000	8.24%	-	146,260	-	
11/01/25	7,100,000	8.24%	-	146,260	543,505	
02/01/26	7,100,000	8.24%	-	146,260	146,260	

Total	$	7,100,000	$	1,157,976	$	8,257,976	

(2) Interest based on actual draws at current interest rate, as of 9/30/2024 $7,100,000 has been drawn.

Solterra	
Community Development District	
Adopted Budget	
Debt Service Series 2024 Special Assessment Notes	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2025	6/30/25	3 Months	9/30/25	FY 2026	
REVENUES:

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

$	1,418,870	$	119,975	$	140,914	$	260,889	$	564,131	
-	69	34	103	100	
-	-	-	-	-	

TOTAL REVENUES	$	1,418,870	$	120,044	$	140,948	$	260,992	$	564,231	
EXPENDITURES:

Series 2024	
Interest - 11/01	
Interest - 02/01	
Interest - 05/01	
Interest - 08/01	

$	354,718	$	5,723	$	-	$	5,723	$	141,033	
354,718	27,141	-	27,141	141,033	
354,718	92,569	-	92,569	141,033	
354,718	-	141,033	141,033	141,033	

TOTAL EXPENDITURES	$	1,418,870	$	125,433	$	141,033	$	266,465	$	564,131	

Other Sources/(Uses)

$	-	$	5,473	$	-	$	5,473	$	-	

Interfund transfer In/(Out)

TOTAL OTHER SOURCES/(USES)	$	-	$	5,473	$	-	$	5,473	$	-	

TOTAL EXPENDITURES	$	1,418,870	$	119,959	$	141,033	$	260,992	$	564,131	

EXCESS REVENUES (EXPENDITURES)	$	-	$	84	$	(85)	$	-	$	100	

Solterra	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2024 Special Assessment Notes	

Period	Outstanding Balance	Coupon	Principal	Interest	Annual Debt Service	

ORIGINAL						
11/01/24	$  19,900,000	7.130%	$	-	$	469,015	$	469,015	
02/01/25	19,900,000	7.130%	-	354,718	-	
05/01/25	19,900,000	7.130%	-	354,718	-	
08/01/25	19,900,000	7.130%	-	354,718	-	
11/01/25	19,900,000	7.130%	-	354,718	1,418,870	
02/01/26	19,900,000	7.130%	-	354,718	-	
05/01/26	19,900,000	7.130%	-	354,718	-	
08/01/26	19,900,000	7.130%	-	354,718	-	
11/01/26	19,900,000	7.130%	-	354,718	1,418,870	
02/01/27	19,900,000	7.130%	-	354,718	-	
05/01/27	19,900,000	7.130%	-	354,718	-	
08/01/27	19,900,000	7.130%	-	354,718	-	
11/01/27	19,900,000	7.130%	-	354,718	1,418,870	
02/01/28	19,900,000	7.130%	-	354,718		
05/01/28	19,900,000	7.130%	-	354,718	-	
08/01/28	19,900,000	7.130%	-	354,718		
11/01/28	19,900,000	7.130%	-	354,718	1,418,870	
02/01/29	19,900,000	7.130%	-	354,718		
05/01/29	19,900,000	7.130%	19,900,000	354,718	20,609,435	

Total	$	19,900,000	$	6,853,930	$	26,753,930	

(1) Interest assumes full draw of bonds at current interest rate

Period	Outstanding Balance	Coupon	Principal	Interest	Annual Debt Service	

ACTUAL						
11/01/24	$	-	7.13%	$	2,152,075	$	5,723	$	2,157,798	
02/01/25	2,152,075	7.13%	5,100,000	27,141	-	
05/01/25	7,252,075	7.13%	660,000	92,390	-	
08/01/25	7,912,075	7.13%	-	141,033	-	
11/01/25	7,912,075	7.13%	-	141,033	6,161,597	
02/01/26	7,912,075	7.13%	-	141,033	-	
05/01/26	7,912,075	7.13%	-	141,033	-	
08/01/26	7,912,075	7.13%	-	141,033	-	
11/01/26	7,912,075	7.13%	-	141,033	564,131	
02/01/27	7,912,075	7.13%	-	141,033	-	
05/01/27	7,912,075	7.13%	-	141,033	-	
08/01/27	7,912,075	7.13%	-	141,033	-	
11/01/27	7,912,075	7.13%	-	141,033	564,131	
02/01/28	7,912,075	7.13%	-	141,033		
05/01/28	7,912,075	7.13%	-	141,033	-	
08/01/28	7,912,075	7.13%	-	141,033		
11/01/28	7,912,075	7.13%	-	141,033	564,131	
02/01/29	7,912,075	7.13%	-	141,033		
05/01/29	7,912,075	7.13%	11,987,925	354,718	12,483,675	

Total	$	19,900,000	$	2,595,463	$	22,495,463	

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

Folios	O&M Units	Annual Maintenance Assessments	
	FY 2026	FY 2025	Increase/ (decrease)	

Single Family	

400	

$663.55	

$0.00	

$663.55	
Townhomes	413	$663.55	$0.00	$663.55	
Townhomes - Affordable Housing	87	$663.55	$0.00	$663.55	
Total	900				

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