|
GOVERNOR'S RECOMMENDED FY 2007 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 2004ACTUAL
FY 2005BUDGETED
FY 2006REQUESTED
FY 2007GOVERNOR'S RECOMMENDED
FY 2007RECOMMENDED 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
| ACTUAL FY 2004 |
ACTUAL FY 2005 |
ESTIMATED FY 2006 |
ESTIMATED FY 2007 |
|
| REVENUES: | ||||
| Principal On Land Contract Payments | $61,575 | $21,456 | $20,000 | $20,000 |
| Mineral Monies (Permanent Trust Fund) | 674,817 | 772,922 | 800,000 | 775,000 |
| Escheats & Interest on Escheated Investments | 16,995 | 13,728 | 12,000 | 12,000 |
| Interest on Land Contract Payment | 11,239 | 6,110 | 5,000 | 5,000 |
| Surface Leasing | 2,870,504 | 3,342,079 | 3,350,000 | 3,350,000 |
| Mineral Monies (School Distribution Funds) | 674,817 | 772,921 | 800,000 | 775,000 |
| Investment Income | 3,753,945 | 12,100,000 | 12,000,000 | 12,000,000 |
| Service Fees, Copies, Assignment of Leases | 195,749 | 39,656 | 40,000 | 40,000 |
| and Easements | 0 | 0 | 0 | 0 |
| Total |
$8,259,641 |
$17,068,872 |
$17,027,000 |
$16,977,000 |
| PERFORMANCE INDICATORS: | ||||
| Apportion Common School Interest Fund | $6,648,505 | $4,297,184 | $9,000,000 | $9,000,000 |
| and Income to School Districts | ||||
| Apportion Endowed Income and Interest | $1,275,074 | $1,464,058 | $2,000,000 | $2,000,000 |
| Fund to Ten Endowed Institutions | ||||
| Manage and Maintain Surface Leases on | 2,960 | 2,700 | 2,700 | 2,700 |
| 772,475 Acres | ||||
| Grazing Land Lease Holders/Acres Leased | 1,450/784,000 | 1,400/772,475 | 1,400/772,475 | 1,400/772,475 |
| Annual Delay Rental (ADR) Oil and Gas | 360 | 348 | 425 | 400 |
| Held By Production (HBP) Oil and Gas | 77 | 77 | 77 | 77 |
| Mining Leases | 1 | 2 | 1 | 1 |
| Management of Land Sale Contracts | 92 | 63 | 42 | 40 |
| Patents (Deeds) Processed | 29 | 75 | 70 | 70 |
| Maintain List and Inventory of State | 110 | 110 | 110 | 110 |
| Conduct Inspection and Maintain Records | 100 | 100 | 100 | 100 |
| Dam Repair Schedule | 5 | 2 | 5 | 5 |
| Dam Inspections | 30 | 30 | 30 | 30 |