MISSION:
To examine securities products, franchise offering circulars, and business opportunities plans; to register, renew, exempt, or amend securities and franchise documents; to license investment advisers, investment adviser agents, broker dealers and securities agents; to investigate and resolve all complaints; to investigate all alleged fraudulent schemes and take appropriate administrative action or recommend civil or criminal action, or both; to cooperate and coordinate with other state, local, or federal agencies; and, to inform and educate the investing public about franchise and securities purchases.

	ACTUAL FY 2007	ACTUAL FY 2008	BUDGETED FY 2009	REQUESTED FY 2010	GOVERNOR'S RECOMMENDED FY 2010	RECOMMENDED INC/(DEC) FY 2010
FUNDING SOURCE:
General Funds	$0	$0	$0	$0	$0	$0
Federal Funds	0	0	0	0	0	0
Other Funds	351,128	367,880	397,528	408,923	416,068	18,540
Total	$351,128	$367,880	$397,528	$408,923	$416,068	$18,540
EXPENDITURE DETAIL:
Personal Services	$297,510	$315,144	$327,925	$339,320	$346,465	$18,540
Operating Expenses	53,618	52,737	69,603	69,603	69,603	0
Total	$351,128	$367,880	$397,528	$408,923	$416,068	$18,540
Staffing Level FTE:	5.0	5.0	5.0	5.0	5.0	0.0

	ACTUAL FY 2007	ACTUAL FY 2008	ESTIMATED FY 2009	ESTIMATED FY 2010
REVENUES:
Deposited to Securities Operating Fund:	$0	$0	$0	$0
Securities Registration Fees	69,477	58,097	60,000	60,000
Franchise Registration Fees	155,650	156,650	155,000	155,000
Franchise Exemption Fees	14,750	20,250	0	0
Business Opportunities Registration Fees	600	500	300	300
Securities Opinion Fees	275	125	200	200
Investment Company Notification Fees	17,166,375	18,819,200	17,000,000	17,000,000
Agent Licensing Fees	9,337,525	10,390,375	9,000,000	9,000,000
Broker-Dealer Licensing Fees	210,450	214,500	210,000	210,000
Investment Adviser Fees	4,300	4,000	4,500	4,500
Investment Adviser Agent Fees	65,250	81,250	65,000	65,000
I/A Notice Filings	133,200	146,000	130,000	130,000
Miscellaneous	4,100	8,600	4,000	4,000
Investment Council Interest	85,952	106,125	85,000	85,000
Private Placement/Reg. D506/Other	102,325	95,325	93,000	93,000
Fines	221,850	4,000	60,000	60,000
Total	$27,572,079	$30,104,997	$26,867,000	$26,867,000
PERFORMANCE INDICATORS:
New Securities Applications	105	109	71	90
Extensions and Amendments	54	54	50	50
Private Placement/Other Exemptions	1/408	0/387	1/270	1/350
Invest. Comp. Notice Filings--New/Total	3,258/19,157	3,413/23,000	2,300/16,000	3,070/20,700
New Franchise Applications/Registrations	247/774	257/790	220/650	250/780
Franchise Extensions/Exemptions	692/60	514/81	446/54	700/0
Business Opportunities--New/Total	1/4	4/4	7/5	4/4
Brokers-Dealers/B-D Agents Licensed	1,335/59,204	1,340/62,004	1,300/48,000	1,330/59,000
Investment Advisers/IA Agents Licensed	35/811	33/1,000	40/470	33/950
Transfers to General Fund (SDCL 4-4-4.4)	$27,190,002	$29,712,977	$26,867,000	$26,867,000

generated 11/24/08 10:38:55 AM