STATE TREASURER
GOVERNOR'S RECOMMENDED FY 2008 BUDGET
3202 Unclaimed Property - Info

MISSION:
To carry out the duties and responsibilties of the South Dakota Uniform Unclaimed Property Act; to have charge of and custodial responsibility for all property and monies received under this chapter; to maintain unclaimed property monies in a separate trust fund, and to pay rightful owners as directed by law; to keep an accurate record of the unclaimed property accounts and disbursements of the funds; and, to reimburse various entities, holders, and service providers as directed by statute.

  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 $0 $0 $0 $0 $0 $0
   Federal Funds 0 0 0 0 0 0
   Other Funds 2,517,093 2,749,378 2,364,622 2,364,622 2,370,442 5,820
      Total $2,517,093 $2,749,378 $2,364,622 $2,364,622 $2,370,442 $5,820
 
EXPENDITURE DETAIL:
   Personal Services $213,620 $220,914 $152,337 $152,337 $157,140 $4,803
   Operating Expenses 2,303,473 2,528,464 2,212,285 2,212,285 2,213,302 1,017
      Total $2,517,093 $2,749,378 $2,364,622 $2,364,622 $2,370,442 $5,820
 
Staffing Level FTE: 3.5 4.0 3.5 3.5 3.5 0.0

  ACTUAL
FY 2005

ACTUAL
FY 2006

ESTIMATED
FY 2007

ESTIMATED
FY 2008

REVENUES:  
   Cash Receipts $5,022,747 $7,428,116 $7,000,000 $5,500,000
      
Total

$5,022,747

$7,428,116

$7,000,000

$5,500,000
PERFORMANCE INDICATORS:  
   Amount of Claims Paid $2,039,224 $2,223,337 2,300,000 2,400,000
   Value of Stocks Returned to Owners $38,700 $211,132 $50,000 $75,000
   Claims Paid 8,398 6,138 8,000 8,500
   Records in Unclaimed Property Database 112,661 132,198 152,000 175,000
   Stock Portfolio Valuation $794,378 1,373,004 1,500,000 1,600,000
   Outreach Presentations 9 9 9 9

generated 12/05/06 11:12:48 AM