MISSION:
To examine securities products, franchise offering circulars, and business opportunities plans; to register, renew, exempt, or amend securities and franchise documents; to license investment advisers, investment adviser agents, broker dealers and securities agents; to investigate and resolve all complaints; to investigate all alleged fraudulent schemes and take appropriate administrative action or recommend civil or criminal action, or both; to cooperate and coordinate with other state, local, or federal agencies; and, to inform and educate the investing public about franchise and securities purchases.

	ACTUAL FY 2003	ACTUAL FY 2004	BUDGETED FY 2005	REQUESTED FY 2006	GOVERNOR'S RECOMMENDED FY 2006	RECOMMENDED INC/(DEC) FY 2006
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	0	0	0	0	0	0
Other Funds	259,164	302,796	347,883	347,929	347,929	46
Total	$259,164	$302,796	$347,883	$347,929	$347,929	$46
EXPENDITURE DETAIL:
Personal Services	$208,741	$240,570	$278,280	$278,326	$278,326	$46
Operating Expenses	50,422	62,225	69,603	69,603	69,603	0
Total	$259,164	$302,796	$347,883	$347,929	$347,929	$46
Staffing Level FTE:	4.5	4.7	5.0	5.0	5.0	0.0

	ACTUAL FY 2003	ACTUAL FY 2004	ESTIMATED FY 2005	ESTIMATED FY 2006
REVENUES:
Deposited to Securities Operating Fund:	$0	$0	$0	$0
Securities Registration Fees	191,622	106,821	185,000	88,000
Franchise Registration Fees	115,530	116,550	100,000	116,000
Franchise Exemption Fees	11,250	13,200	10,000	10,000
Business Opportunities Registration Fees	1,600	800	1,350	800
Securities Opinion Fees	1,800	1,250	1,500	750
Investment Company Notification Fees	13,760,200	14,130,600	13,600,000	13,600,000
Agent Licensing Fees	6,907,425	7,293,800	6,900,000	6,900,000
Broker-Dealer Licensing Fees	205,350	203,850	205,000	205,000
Investment Adviser Fees	3,000	4,150	2,500	2,500
Investment Adviser Agent Fees	37,450	42,100	35,000	35,000
I/A Notice Filings	109,450	106,600	104,000	104,000
Miscellaneous	2,471	2,825	1,000	0
Investment Council Interest	232,955	137,008	230,000	135,000
Private Placement/Reg. D506/Other	34,550	47,350	33,000	40,800
Total	$21,614,653	$22,206,904	$21,408,350	$21,237,850
PERFORMANCE INDICATORS:
New Securities Applications	104	78	100	65
Extensions and Amendments	33	52	35	35
Private Placement/Other Exemptions	8/157	7/181	8/157	8/157
Invest. Comp. Notice Filings--New/Total	2,182/15,424	2,301/15,855	2,100/15,200	2,100/15,200
New Franchise Applications/Registrations	185/545	183/505	170/525	170/525
Franchise Extensions/Exemptions	372/38	454/51	330/35	375/50
Business Opportunities--New/Total	14/17	7/16	15/15	7/15
Brokers-Dealers/B-D Agents Licensed	1,300/44,449	1,293/47,229	1,300/43,000	1,250/45,000
Investment Advisers/IA Agents Licensed	20/488	34/364	20/480	30/375
Transfers to General Fund (SDCL 4-4-4.4)	$21,614,473	$21,861,680	$21,750,000	$21,750,000

generated 12/06/04 03:40:24 PM