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 2004	ACTUAL FY 2005	BUDGETED FY 2006	REQUESTED FY 2007	GOVERNOR'S RECOMMENDED FY 2007	RECOMMENDED INC/(DEC) FY 2007
FUNDING SOURCE:
General Funds	$483,501	$497,078	$511,248	$511,248	$524,350	$13,102
Federal Funds	0	0	0	0	0	0
Other Funds	224,991	224,965	225,000	225,000	225,000	0
Total	$708,492	$722,043	$736,248	$736,248	$749,350	$13,102
EXPENDITURE DETAIL:
Personal Services	$374,615	$386,215	$395,314	$395,314	$408,416	$13,102
Operating Expenses	333,877	335,827	340,934	340,934	340,934	0
Total	$708,492	$722,043	$736,248	$736,248	$749,350	$13,102
Staffing Level FTE:	7.0	7.0	7.0	7.0	7.0	0.0

generated 11/29/05 12:54:20 PM