SCHOOL AND PUBLIC LANDS
GOVERNOR'S RECOMMENDED FY 2011 BUDGET
3001 Administration

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 have been granted.

  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 0 0 0 0 0 0
   Other Funds 159,190 161,489 225,000 225,000 225,000 0
      Total $665,783 $812,891 $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 274,180 400,789 342,693 1,142,693 342,484 (209)
      Total $665,783 $812,891 $769,722 $1,569,722 $772,047 $2,325
 
Staffing Level FTE: 6.8 7.0 7.0 7.0 7.0 0.0

  ACTUAL
FY 2008

ACTUAL
FY 2009

ESTIMATED
FY 2010

ESTIMATED
FY 2011

REVENUES:  
   Principal On Land Contract Payments $6,615 $8,656 $6,250 $6,000
   Mineral Monies (Permanent Trust Fund) 2,130,415 2,322,580 2,300,000 2,500,000
   Escheats & Interest on Escheated Investments 18,923 8,118 40,000 110,000
   Interest on Land Contract Payment 2,092 1,368 900 500
   Surface Leasing 4,416,367 4,842,050 4,850,000 4,850,000
   Mineral Monies (School Distribution Funds) 2,130,415 2,322,580 2,500,000 2,500,000
   Investment Income -10,239,563 -26,101,985 -10,000,000 4,900,000
   Service Fees, Copies, Assignment of Leases 85,494 73,100 85,000 85,000
   and Easements 0 0 0 0
      
Total

$-1,449,242

$-16,523,533

$-,217,850

$14,951,500
PERFORMANCE INDICATORS:  
   Apportion Common School Interest Fund $8,771,280 $10,996,684 $9,500,000 $8,000,000
   and Income to School Districts
   Apportion Endowed Income and Interest $1,966,752 $1,990,403 $1,500,000 $1,000,000
   Fund to Ten Endowed Institutions
   Manage and Maintain Surface Leases on 2,880 2,880 2,880 2,880
   768,000 Acres
   Grazing Land Lease Holders/Acres Leased 1,200/ 758,250 1,200/758,250 1,200/758,250 1,200/758,250
   Annual Delay Rental (ADR) Oil and Gas 636 562 575 580
   Held By Production (HBP) Oil and Gas 76 85 87 90
   Mining Leases 201 16 16 16
   Management of Land Sale Contracts 23 8 4 4
   Patents (Deeds) Processed 6 10 10 10
   Maintain List and Inventory of State 110 110 110 110
   Conduct Inspection and Maintain Records 110 110 110 110
   Dam Repair Schedule 3 5 5 5
   Dam Inspections 35 35 35 35

generated 11/25/09 03:31:10 PM