A very detailed water budget was conducted on Lake Trafford in southern Florida. The inflow was dominated by surface-water influx via five canals (61%) with groundwater influx constituting 12% and direct rainfall 27%. Lake discharge was dominated by sheet-flow (69%) and evapotranspiration (30.5%) with groundwater recharge of the hydraulically connected unconfined aquifer accounting for only 0.5%. Removal of 30 M tons (4.4 x 106 m3) of organic sediment impacted groundwater influx, causing enhanced groundwater flows into the deeper parts of the lake and mixed flows along the banks creating a rather unusual pattern. The large number of groundwater seepage meters used during the investigation led to a very reliable set of measurements with occasional failure of only a few meters. A distinctive relationship was found between the wet season lake stage, heavy rainfall events and pulses of exiting sheet-flow from the lake. Estimation of the evapotranspiration loss using data collected from a weather station on the lake allowed the use of three different models which, when averaged, produced results comparable to Lake Okeechobee (southern Florida). A limitation of the investigation was the inability to directly measure sheet-flow discharges, which had to be estimated as a residual within the calculated water budget.