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 2008	ACTUAL FY 2009	BUDGETED FY 2010	REQUESTED FY 2011	GOVERNOR'S RECOMMENDED FY 2011	RECOMMENDED INC/(DEC) FY 2011
FUNDING SOURCE:
General Funds	$506,593	$651,402	$544,722	$1,344,722	$547,047	$2,325
Federal Funds	52,679	205,263	0	0	0	0
Other Funds	159,190	161,489	225,000	225,000	225,000	0
Total	$718,462	$1,018,154	$769,722	$1,569,722	$772,047	$2,325
EXPENDITURE DETAIL:
Personal Services	$391,603	$412,102	$427,029	$427,029	$429,563	$2,534
Operating Expenses	326,859	606,052	342,693	1,142,693	342,484	(209)
Total	$718,462	$1,018,154	$769,722	$1,569,722	$772,047	$2,325
Staffing Level FTE:	6.8	7.0	7.0	7.0	7.0	0.0

generated 11/25/09 03:31:04 PM