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The sustainability of water resources for water and food security largely depends on the successful adoption of conjunctive water management (CWM) strategies; it is also inherently tied to supply-and-demand management and the related external drivers of population, land development, and climate. Thus, water resource sustainability requires a holistic union of technical analysis, monitoring, and governance that is funded and maintained by all users of the resources. Accordingly, the collective management via CWM of surface water, groundwater, precipitation, and recycled, imported, and reused water will require changes in governance. The authors explore these requirements and present examples to illustrate how—through analysis and governance—these principles are put into action. However, the authors argue that monitoring and analysis are essential, yet insufficient, for the sustainability of water resources. They posit linkages to governance and funding are necessary to facilitate and maintain a sustainability framework and the mechanisms required for adapting and mitigating a sustainability strategy that uses CWM as one of its components.