|
GOVERNOR'S RECOMMENDED FY 2007 BUDGET |
MISSION:
To work together with businesses, government organizations, educational institutions, and individual citizens to maximize and leverage public-private sector partnerships to generate new ideas, to develop new businesses, to strengthen existing businesses, and to encourage additional investment in South Dakota to improve the quality of life for all South Dakotans.
ACTUAL
FY 2004ACTUAL
FY 2005BUDGETED
FY 2006REQUESTED
FY 2007GOVERNOR'S RECOMMENDED
FY 2007RECOMMENDED INC/(DEC)
FY 2007
FUNDING SOURCE:
General Funds
$2,179,540
$3,434,894
$3,349,677
$3,350,441
$3,400,442
$50,765
Federal Funds
10,221,628
12,531,856
10,390,427
10,390,427
10,404,997
14,570
Other Funds
5,838,869
6,927,497
13,042,270
13,042,270
13,055,727
13,457
Total
$18,240,037
$22,894,247
$26,782,374
$26,783,138
$26,861,166
$78,792
EXPENDITURE DETAIL:
Personal Services
$1,816,583
$1,994,857
$2,312,790
$2,313,554
$2,391,582
$78,792
Operating Expenses
16,423,454
20,899,390
24,469,584
24,469,584
24,469,584
0
Total
$18,240,037
$22,894,247
$26,782,374
$26,783,138
$26,861,166
$78,792
Staffing Level FTE:
33.8
35.6
40.8
40.8
40.8
0.0
| ACTUAL FY 2004 |
ACTUAL FY 2005 |
ESTIMATED FY 2006 |
ESTIMATED FY 2007 |
|
| REVENUES: | ||||
| Total |
$0 |
$0 |
$0 |
$0 |
| PERFORMANCE INDICATORS: | ||||
| Existing Industries Expanded/Calendar Year | 496 | 476 | 550 | 450 |
| New Jobs Created/Calendar Year | 2,190 | 3,046 | 2,500 | 3,000 |
| Capital Investment Reported (Millions) | $397.5 | $241.8 | $300.0 | $250.0 |
| REDI Loans | 20 | 12 | 15 | 20 |
| Total Loans Approved (All Funds) | 50 | 37 | 52 | 68 |
| REDI Loan Dollars Approved (Millions) | $13.4 | $11.8 | $12.5 | $15.0 |
| Total Outside Dollars Leveraged (Millions) | $44.1 | $52.7 | $48.5 | $52.5 |
| Future Fund Awards | 61 | 62 | 62 | 62 |
| Community Development Block Grants: | ||||
| Grant Requests Received | 50 | 37 | 50 | 40 |
| Grants Awarded | 41 | 28 | 35 | 35 |
| Awards (Millions) | $8.5 | $9.7 | $10.0 | $9.0 |
| Active Grants | 164 | 160 | 160 | 160 |
| Project Dollars Expended (Millions) | $13.0 | $13.9 | $15.0 | $15.0 |
| EDFA Loans | 2 | 1 | 2 | 2 |
| EDFA Loan Dollars Approved (Millions) | $8.5 | $5.0 | $8.0 | $8.5 |
| EDFA Outside Dollars Leveraged (Millions) | $6.9 | $39.9 | $7.5 | $8.0 |
| APEX Loans | 1 | 3 | 4 | 5 |
| APEX Loans Approved | $83,500 | $398,750 | $450,000 | $500,000 |
| APEX Outside Dollars Leveraged | $81,500 | $158,800 | $200,000 | $300,000 |
| SBA 504 Loans | 6 | 8 | 12 | 15 |
| SBA 504 Loans Approved (Millions) | $2.7 | $3.8 | $6.5 | $8.5 |
| SBA 504 Outside Dollars Leveraged (Millions) | $4.8 | $6.5 | $10.0 | $12.5 |
| Microloan Loans | 8 | 7 | 10 | 13 |
| Microloan Loans Approved | $128,511 | $229,375 | $250,000 | $300,000 |
| Microloan Outside Dollars Leveraged | $304,174 | $263,374 | $275,000 | $350,000 |
| VASF Loans | 8 | 2 | 4 | 8 |
| VASF Loans Approved | $670,158 | $75,300 | $200,000 | $650,000 |
| VASF Outside Dollars Leveraged | $758,774 | $69,000 | $250,000 | $650,000 |
| VASTF Loans | 5 | 4 | 5 | 5 |
| VASTF Loans Approved | $635,056 | $50,956 | $75,000 | $90,000 |
| VASTF Outside Dollars Leveraged | $717,439 | $72,500 | $75,000 | $90,000 |