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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 /> 58 . 26 <br />