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 2007	ACTUAL FY 2008	BUDGETED FY 2009	REQUESTED FY 2010	GOVERNOR'S RECOMMENDED FY 2010	RECOMMENDED INC/(DEC) FY 2010
FUNDING SOURCE:
General Funds	$536,875	$506,593	$669,722	$669,722	$551,164	($118,558)
Federal Funds	0	52,679	0	0	0	0
Other Funds	242,103	159,190	300,000	300,000	225,000	(75,000)
Total	$778,978	$718,462	$969,722	$969,722	$776,164	($193,558)
EXPENDITURE DETAIL:
Personal Services	$427,899	$391,603	$427,029	$427,029	$433,471	$6,442
Operating Expenses	351,080	326,859	542,693	542,693	342,693	(200,000)
Total	$778,978	$718,462	$969,722	$969,722	$776,164	($193,558)
Staffing Level FTE:	7.0	6.8	7.0	7.0	7.0	0.0

generated 11/24/08 10:57:41 AM