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SJRWMD FY 2017-2018 Final Budget <br /> Adequacy of Fiscal Resources <br /> The evaluation of fiscal resources over a five-year span is required to ensure <br /> sustainable funding for all projects and plans set forth by the District. This evaluation <br /> includes the District's long-term funding plan, demonstrating the District's ability to <br /> adequately address the core mission or AORs. <br /> The District's sources of revenue are: <br /> • Ad valorem taxes (primary revenue source) <br /> • State sources (general revenue appropriations and funding, when available, <br /> through trust funds) <br /> • Federal sources (funding from the U.S. Environmental Protection Agency and <br /> National Oceanic and Atmospheric Administration) <br /> • District sources (interest, regulatory fees, etc.) <br /> • Local sources (land leases, timber sales, cities, counties, other water <br /> management districts, etc.) <br /> The FY 2017-18 operating budget is funded primarily with ad valorem taxes, which <br /> account for 53.2 percent of the budget. The District also receives appropriations from <br /> general sales taxes and documentary stamp taxes on real estate transactions collected <br /> statewide. State sources this fiscal year include $15.1 million for springs protection, $8.8 <br /> million for Lake Apopka projects, and $5 million for the Black Creek Water Resource <br /> Development (WRD) project. These resources are committed by Governing Board <br /> resolution to future years' funding of capital and grant awards over the District's five- <br /> year planning horizon. Figure 3 provides graphic representation of the District's long- <br /> term funding plan. <br /> FY 2017-2018 SIRWMD Long-Term Funding Plan <br /> (in $ millions) <br /> MEli Recurring(Operating) o Non-Recurring(Projects) <br /> —Anticipated Revenues — —Total Budget <br /> $200 —— — --— -- <br /> — <br /> $35.5 $27.9 <br /> $150 -.... ""' a- `27.0 $24.5.– -- — <br /> $9.9 $1.4 <br /> ftimr <br /> $100 r 'S - -— -- <br /> e3y13 c �7 ?.�S <br /> $50 - <br /> $74.5 $72.2 $72.3 $71.9 $71.6 $71.3 <br /> 5- <br /> Adopted Adopted Projected Projected Projected Projected <br /> FY 1617 FY 17-18 FY 18-19 FY 19-20 FY 2021 FY 21-22 <br /> Remaining $118.6 $90.7 $63.7 $39.2 $29.3 $27.9 <br /> Fund Balance <br /> Figure 3. District long-term funding plan <br /> Page 16 <br /> 2-1 <br />