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EXHIBT A (2) Project Funding Ratio : All financial assistance and support to eligible governmental agencies shall require, at minimum, equal matching funds from the project sponsor' s own budget with the exception of public navigation projects that meet the provisions of s . 66B -2 . 005 (7) and small-scale spoil island restoration and enhancement projects that meet the provisions of s . 66B -2 . 013 . Applicant ' s in-house costs are limited pursuant to s . 66B-2 . 008 ( 1 ) (c). All financial assistance to seaports shall require equal matching funds . The District shall contribute no more than fifty percent (50%) of the local share of the cost of an inlet management or beach renourishment project . The District shall not contribute funding to both the state and local shares of an inlet management or beach renourishment project (3 ) Pre-agreement Expenses : The project sponsor shall not commence work on an approved project element prior to the execution of the project agreement unless authorized by the Board during the review and funding approval process . Board authorization of pre-agreement expenses will be given for the commencement of work prior to the execution of a project agreement if the Board determines that there is a benefit to the District, its waterways or its constituents . All project costs must be incurred and work performed within the project period as stipulated in the project agreement unless pre-agreement costs are approved by the Board . Pre-agreement expenses will be approved if they are consistent with the provisions of rule 66B -2 . 008 and occur within the fiscal year of the grant application submission (October 1St to September 30th) . Pre- agreement expenses, except for projects approved by the Board as multi-year projects , will be limited to fifty (50) percent of the project's total cost and if the expenses are eligible project expenses in accordance with this rule . Only one-half ( 1 /2 ) or less of the approved pre-agreement expenses will be eligible for reimbursement funding from the District, except for projects approved by the Board as multi-year projects . (4) Multi-Year Funding : The construction phase of projects that are large scale, involve multiple phases, have a construction time line of one year or longer, or are requesting a significant amount of assistance funding in relation to the total assistance available for the county where the project is located, will be reviewed and approved by the District Board for a multiple year period subject to budgeting and allocation pursuant to the provisions of Chapter 200 , F . S . The determination by the Board to provide 8