|
GOVERNOR'S RECOMMENDED FY 2008 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 2005ACTUAL
FY 2006BUDGETED
FY 2007REQUESTED
FY 2008GOVERNOR'S RECOMMENDED
FY 2008RECOMMENDED INC/(DEC)
FY 2008
FUNDING SOURCE:
General Funds
$3,434,894
$3,490,263
$3,370,442
$3,370,442
$4,420,758
$1,050,316
Federal Funds
12,531,856
11,165,586
11,281,297
11,281,297
11,295,185
13,888
Other Funds
6,927,497
7,033,430
11,552,661
11,552,661
11,565,459
12,798
Total
$22,894,247
$21,689,279
$26,204,400
$26,204,400
$27,281,402
$1,077,002
EXPENDITURE DETAIL:
Personal Services
$1,994,857
$2,071,168
$2,349,816
$2,349,816
$2,426,818
$77,002
Operating Expenses
20,899,390
19,618,111
23,854,584
23,854,584
24,854,584
1,000,000
Total
$22,894,247
$21,689,279
$26,204,400
$26,204,400
$27,281,402
$1,077,002
Staffing Level FTE:
35.6
35.9
40.8
40.8
40.8
0.0
| ACTUAL FY 2005 |
ACTUAL FY 2006 |
ESTIMATED FY 2007 |
ESTIMATED FY 2008 |
|
| REVENUES: | ||||
| Total |
$0 |
$0 |
$0 |
$0 |
| PERFORMANCE INDICATORS: | ||||
| Existing Industries Expanded/Calendar Year | 476 | 344 | 450 | 400 |
| New Jobs Created/Calendar Year | 3,046 | 3,202 | 3,000 | 3,200 |
| Capital Investment Reported (Millions) | $241.8 | $275.1 | $300.0 | $250.0 |
| REDI Loans | 12 | 11 | 15 | 17 |
| REDI Loan Dollars Approved (Millions) | $11.8 | $6.6 | $12.5 | $14.0 |
| Total Outside Dollars Leveraged (Millions) | $52.7 | $13.6 | $55.5 | $35.0 |
| Future Fund Awards | 62 | 87 | 80 | 80 |
| Community Development Block Grants: | ||||
| Grant Requests Received | 37 | 20 | 35 | 35 |
| Grants Awarded | 28 | 17 | 30 | 30 |
| Awards (Millions) | $9.7 | $4.8 | $9.0 | $9.0 |
| Active Grants | 160 | 100 | 125 | 125 |
| Project Dollars Expended (Millions) | $13.9 | $9.7 | $13.0 | $13.0 |
| EDFA Loans | 1 | 0 | 2 | 1 |
| EDFA Loan Dollars Approved (Millions) | $5.0 | $0.0 | $9.5 | $5.0 |
| EDFA Outside Dollars Leveraged (Millions) | $39.9 | $0.0 | $45.5 | $40.0 |
| APEX Loans | 3 | 2 | 6 | 8 |
| APEX Loans Approved | $398,750 | $318,000 | $750,000 | $850,000 |
| APEX Outside Dollars Leveraged | $158,800 | $441,000 | $550,000 | $600,000 |
| SBA 504 Loans | 8 | 7 | 12 | 12 |
| SBA 504 Loans Approved (Millions) | $3.8 | $5.5 | $9.0 | $9.5 |
| SBA 504 Outside Dollars Leveraged (Millions) | $6.5 | $10.4 | $13.0 | $14.0 |
| Microloan Loans | 7 | 14 | 15 | 15 |
| Microloan Loans Approved | $229,375 | $368,000 | $375,000 | $400,000 |
| Microloan Outside Dollars Leveraged | $263,374 | $588,000 | $600,000 | $700,000 |
| VASF Loans | 2 | 5 | 6 | 6 |
| VASF Loans Approved | $75,300 | $66,000 | $100,000 | $125,000 |
| VASF Outside Dollars Leveraged | $69,000 | $105,000 | $200,000 | $250,000 |
| VASTF Loans | 4 | 2 | 4 | 4 |
| VASTF Loans Approved | $50,956 | $32,000 | $50,000 | $75,000 |
| VASTF Outside Dollars Leveraged | $72,500 | $70,000 | $100,000 | $150,000 |