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 2005	ACTUAL FY 2006	BUDGETED FY 2007	REQUESTED FY 2008	GOVERNOR'S RECOMMENDED FY 2008	RECOMMENDED INC/(DEC) FY 2008
FUNDING SOURCE:
General Funds	$497,078	$510,786	$524,350	$524,350	$538,897	$14,547
Federal Funds	0	0	0	0	0	0
Other Funds	224,965	224,959	225,000	225,000	225,000	0
Total	$722,043	$735,745	$749,350	$749,350	$763,897	$14,547
EXPENDITURE DETAIL:
Personal Services	$386,215	$394,925	$408,416	$408,416	$421,204	$12,788
Operating Expenses	335,827	340,820	340,934	340,934	342,693	1,759
Total	$722,043	$735,745	$749,350	$749,350	$763,897	$14,547
Staffing Level FTE:	7.0	7.0	7.0	7.0	7.0	0.0

generated 12/05/06 11:12:02 AM