The mission of the Bureau of Finance and Management includes advising the Governor on overall fiscal policy; completing and presenting the annual fiscal plan; promoting the efficient and effective management of the state of South Dakota; preparing the state's annual financial report; and, managing the central accounting and payroll systems for the state.

What's New

Wednesday, October 01, 2014

The updated FY2015 revenue estimates from the BFM total $1,392,052,374, or $215,941 higher than the Legislative Adopted FY2015 estimate. (July 28, 2014)

The state general fund budget for FY2014 ended with both higher revenues and lower expenditures than budgeted. Governor Daugaard's press release provides more details, and here are some slides from BFM on the fiscal year-end numbers. (July 10, 2014)

  • An executive order issued by Governor Daugaard requires the Bureau of Finance and Management to provide long-term financial plans and debt service policies to him by January 10 of each year. These documents will be completed prior to the legislature's annual budget deliberations. You can read the Executive Order here.
  • Governor Daugaard issued an Executive Order which requires the Bureau to provide periodic reporting on a variety of financial metrics. These dashboards will be updated weekly and posted on our website (bottom-left, under "Quick Links").
  • The Interim Report prepared for the June 17 Joint Committee on Appropriations by BFM contains recommendations for designation of companies to participate in the proration of investment of income earned in FY2013, along with examples of a change in the process for reporting budget transfers.

Jason C. Dilges

SD Chief Financial Officer
and BFM Commissioner