GOVERNOR'S RECOMMENDED FY 2008 BUDGET |
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 2005ACTUAL
FY 2006BUDGETED
FY 2007REQUESTED
FY 2008GOVERNOR'S RECOMMENDED
FY 2008RECOMMENDED 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 |