|
GOVERNOR'S RECOMMENDED FY 2011 BUDGET |
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 2008ACTUAL
FY 2009BUDGETED
FY 2010REQUESTED
FY 2011GOVERNOR'S RECOMMENDED
FY 2011RECOMMENDED 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 |