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SJRWMD FY 2017-2018 Final Budget
<br />E. Source of Funds by Program
<br />Major Source of Funds Variances
<br />The District receives revenues from a variety of sources. Figure 4 presents the FY
<br />2017-18 revenues by major funding source. The largest revenue source is recurring
<br />revenues from District -generated sources (56.6 percent), including ad valorem taxes
<br />(53.2 percent) and other sources (3.4 percent) such as permits, interest payments, and
<br />miscellaneous revenues. The other revenue sources, including local, state, and federal,
<br />represent 26 percent of the
<br />District's total revenues in FY Federal,
<br />2017-18. The remaining funding $0.4,0.3%
<br />(17.4 percent) comes from fund
<br />balance, a non-recurring revenue
<br />source that is playing an important State, a
<br />role in completing major priorities, $39.1, ,
<br />including restoration and cost - 24.4%
<br />share projects.
<br />The final revenues total $160.4
<br />Localt
<br />Ad Valorem,,
<br />- - - - - - $s5.3,
<br />million, which is $28.04 million, or
<br />Difference in $
<br />(Amended--
<br />Adopted
<br />Difference in %
<br />(Amended --
<br />Adopted
<br />14.9 percent less than the FY
<br />,
<br />1?3%
<br />Fund 53.2%
<br />2016-17 total. Table 3 below
<br />$ 857,989
<br />Balance,
<br />shows a three-year revenue
<br />16,855,280
<br />$27.9,
<br />comparison followed by
<br />19,783,051
<br />17.4%
<br />explanations of variances by
<br />other
<br />922,890
<br />2,062,020
<br />District
<br />123.4%
<br />revenue source.
<br />Revenues,
<br />------
<br />___$5.5,
<br />39,118,174
<br />$5.5,
<br />-20.5%
<br />Federal Revenues
<br />3.4%
<br />565,501
<br />413,889
<br />Figure 4. District revenues by major funding source
<br />Table 3. Three-year District revenue comparison by major funding source
<br />REVENUES BYSOURCE
<br />FY2015-16
<br />Actual -Audited
<br />FY 2016-17
<br />(Amended
<br />Budget)
<br />FY 2017-18
<br />(Adopted
<br />Budget
<br />Difference in $
<br />(Amended--
<br />Adopted
<br />Difference in %
<br />(Amended --
<br />Adopted
<br />District Revenues
<br />$ 90,274,409
<br />$ 90,019,456
<br />$ 90,877,445
<br />$ 857,989
<br />1.0%
<br />Fund Balance
<br />16,855,280
<br />47,679,949
<br />27,896,898
<br />19,783,051
<br />-41.5%
<br />Local Revenues
<br />2,042,450
<br />922,890
<br />2,062,020
<br />1,139,130
<br />123.4%
<br />State Revenues
<br />18,633,171
<br />49,224,335
<br />39,118,174
<br />10,106,161
<br />-20.5%
<br />Federal Revenues
<br />4,792,762
<br />565,501
<br />413,889
<br />151,612
<br />-26.8%
<br />TOTAL
<br />$ 132,598,072
<br />$ 188,412,131
<br />$ 160,368,426
<br />$ 28,043,705
<br />-14.9%
<br />Ad Valorem Taxes ($85.35 million)
<br />The ad valorem tax revenue is based on the rolled back millage rate of 0.2724. The
<br />projected ad valorem revenue for FY 2017-18 is $85.35 million, which represents a 1.5
<br />percent increase compared to the FY 2016-17 amended budget. The increase is
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