MISSION:
To ensure efficient management of school and endowment lands and trust funds owned and administered by the state of South Dakota for the support and maintenance of the public schools and the various state institutions for which the lands had been granted; to lease the optimum acreage of land and maintain all leases on file; to maintain all land sale contracts; to maintain the mineral ownership records and provide for the leasing of mineral acres; to invest the money received from land sales and the leasing of surface and mineral lands at the highest possible rate of return; and, to apportion the money to the various school districts and endowed institutions in South Dakota. LEGAL CITATION: Article VI, Section 12 of the South Dakota Constitution, SDCL 1-17, 5-1, and 5-3 through 5-11.

	ACTUAL FY 2002	ACTUAL FY 2003	BUDGETED FY 2004	REQUESTED FY 2005	GOVERNOR'S RECOMMENDED FY 2005	RECOMMENDED INC/(DEC) FY 2005
FUNDING SOURCE:
General Funds	$467,749	$474,292	$484,032	$486,032	$486,032	$2,000
Federal Funds	0	0	0	0	0	0
Other Funds	249,572	229,769	225,000	225,000	225,000	0
Total	$717,321	$704,062	$709,032	$711,032	$711,032	$2,000
EXPENDITURE DETAIL:
Personal Services	$348,230	$364,047	$375,098	$375,098	$375,098	$0
Operating Expenses	369,091	340,014	333,934	335,934	335,934	2,000
Total	$717,321	$704,062	$709,032	$711,032	$711,032	$2,000
Staffing Level FTE:	6.9	6.8	7.0	7.0	7.0	0.0

generated 12/01/03 10:45:57 AM