|
GOVERNOR'S RECOMMENDED FY 2008 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 2005ACTUAL
FY 2006BUDGETED
FY 2007REQUESTED
FY 2008GOVERNOR'S RECOMMENDED
FY 2008RECOMMENDED 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
| ACTUAL FY 2005 |
ACTUAL FY 2006 |
ESTIMATED FY 2007 |
ESTIMATED FY 2008 |
|
| REVENUES: | ||||
| Principal On Land Contract Payments | $21,456 | $10,845 | $8,000 | $5,000 |
| Mineral Monies (Permanent Trust Fund) | 772,922 | 1,137,216 | 1,200,000 | 1,200,000 |
| Escheats & Interest on Escheated Investments | 13,728 | 12,506 | 13,000 | 14,000 |
| Interest on Land Contract Payment | 6,110 | 4,631 | 3,500 | 2,500 |
| Surface Leasing | 3,342,079 | 3,514,062 | 3,500,000 | 3,500,000 |
| Mineral Monies (School Distribution Funds) | 772,921 | 1,137,216 | 1,200,000 | 1,200,000 |
| Investment Income | 12,100,000 | 9,723,144 | 10,000,000 | 11,000,000 |
| Service Fees, Copies, Assignment of Leases | 39,656 | 71,845 | 70,000 | 70,000 |
| and Easements | 0 | 0 | 0 | 0 |
| Total |
$17,068,872 |
$15,611,465 |
$15,994,500 |
$16,991,500 |
| PERFORMANCE INDICATORS: | ||||
| Apportion Common School Interest Fund | $4,297,184 | $8,264,504. | $8,000,000. | $8,000,000 |
| and Income to School Districts | ||||
| Apportion Endowed Income and Interest | $1,464,058 | $1,752,736 | $1,500,000 | $1,500,000 |
| Fund to Ten Endowed Institutions | ||||
| Manage and Maintain Surface Leases on | 2,700 | 2,600 | 2,600 | 2,600 |
| 768,000 Acres | ||||
| Grazing Land Lease Holders/Acres Leased | 1,400/772,475 | 1,260/768,000 | 1,260/758,000 | 1,260/758,000 |
| Annual Delay Rental (ADR) Oil and Gas | 348 | 451 | 500 | 500 |
| Held By Production (HBP) Oil and Gas | 77 | 76 | 76 | 76 |
| Mining Leases | 2 | 6 | 8 | 8 |
| Management of Land Sale Contracts | 63 | 60 | 55 | 50 |
| Patents (Deeds) Processed | 75 | 101 | 100 | 100 |
| Maintain List and Inventory of State | 110 | 110 | 110 | 110 |
| Conduct Inspection and Maintain Records | 100 | 100 | 100 | 100 |
| Dam Repair Schedule | 2 | 2 | 3 | 5 |
| Dam Inspections | 30 | 30 | 30 | 30 |