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SJRWMD FY 2017-2018 Final Budget <br />C. Budget Summary <br />Overview <br />The FY 2017-18 Final Budget demonstrates the District's commitment to protect <br />Florida's water and restore water -related resources. The District proposes to continue to <br />focus on mission -critical areas, protecting Florida springs, completing District projects, <br />including alternative water supply (AWS) projects, and funding capital investment in the <br />region. <br />The Final Budget of $160.4 million as compared to $188.4 million (amended) for FY <br />2016-17 is a decrease of 14.9 percent. Although the decrease is mainly attributed to <br />the re -appropriation of non-recurring contractual obligations (encumbrances) of unspent <br />balances from the previous fiscal year, the District has reduced its authorized FTEs by <br />9.5 as a result of identifying efficiencies and eliminating vacant long-term positions that <br />were either duplicative or not needed. <br />The FY 2017-18 Final Budget includes $85.3 million in ad valorem property tax <br />revenue. This is based on a rolled -back millage rate accounting for growth in new unit <br />construction. <br />In accordance with 373.535 (5), F.S., the District submitted its FY 2017-18 Tentative <br />Budget for legislative review on August 1, 2017. The District did not receive any written <br />disapprovals of any provision in the Tentative Budget by the EOG or LBC prior to the <br />Final Budget adoption hearing. <br />Page 14 <br />5R.2-6 <br />