|
GOVERNOR'S RECOMMENDED FY 2005 BUDGET |
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 have been granted.
ACTUAL
FY 2002ACTUAL
FY 2003BUDGETED
FY 2004REQUESTED
FY 2005GOVERNOR'S RECOMMENDED
FY 2005RECOMMENDED 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
| ACTUAL FY 2002 |
ACTUAL FY 2003 |
ESTIMATED FY 2004 |
ESTIMATED FY 2005 |
|
| REVENUES: | ||||
| Land Contract Payments | $70,522 | $66,739 | $45,000 | $30,000 |
| Mineral Monies | 636,216 | 499,542 | 500,000 | 500,000 |
| Capital Gains | 0 | 0 | 0 | 0 |
| Escheats, Misc. | 55,135 | 17,800 | 25,000 | 15,000 |
| Interest on Contract Payments | 25,584 | 18,425 | 10,000 | 5,000 |
| Surface Leasing | 2,645,246 | 2,654,443 | 2,500,000 | 2,500,000 |
| Mineral Monies | 636,216 | 499,542 | 500,000 | 500,000 |
| Return of Investments | 10,107,805 | 5,748,106 | 6,000,000 | 6,000,000 |
| Service Fees, Copies, Assignment of Leases and Con | 57,244 | 2,241 | 1,500 | 1,500 |
| Principal from Sale and Other Income to Fund | 132,070 | 65,672 | 85,000 | 90,000 |
| Total |
$14,366,038 |
$9,572,510 |
$9,666,500 |
$9,641,500 |
| PERFORMANCE INDICATORS: | ||||
| Apportion Common School Interest Fund | $10,380,559 | $9,218,530 | $9,000,000 | $9,000,000 |
| and Income to School Districts | ||||
| Apportion Endowed Income and Interest | $2,099,746 | $1,819,907 | $2,000,000 | $2,000,000 |
| Fund to Ten Endowed Institutions | ||||
| Manage and Maintain Surface Leases on | 3,021 | 2,997 | 3,000 | 3,000 |
| 799,607 Acres | ||||
| Grazing Land Lease Holders/Acres Leased | 1,350/799,607 | 1,490/792,000 | 1,400/792,000 | 1,400/792,00 |
| Annual Delay Rental (ADR) Oil and Gas | 218 | 169 | 175 | 175 |
| Held By Production (HBP) Oil and Gas | 44 | 44 | 44 | 44 |
| Mining Leases | 7 | 1 | 1 | 1 |
| Management of Land Sale Contracts | 142 | 110 | 80 | 60 |
| Patents (Deeds) Processed | 120 | 30 | 80 | 80 |
| Maintain List and Inventory of State | 110 | 110 | 110 | 110 |
| Conduct Inspection and Maintain Records | 100 | 100 | 100 | 100 |
| Dam Repair Schedule | 10 | 5 | 10 | 10 |
| Dam Inspections | 30 | 30 | 30 | 30 |