MISSION:
To carry out the duties and responsibilties of the South Dakota Uniform Unclaimed Property Act; to have charge of and custodial responsibility for all property and monies received under this chapter; to maintain unclaimed property monies in a separate trust fund, and to pay rightful owners as directed by law; to keep an accurate record of the unclaimed property accounts and disbursements of the funds; and, to reimburse various entities, holders, and service providers as directed by statute.

	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	$0	$0	$0	$0	$0	$0
Federal Funds	0	0	0	0	0	0
Other Funds	3,029,734	3,299,226	2,894,352	2,894,352	2,895,551	1,199
Total	$3,029,734	$3,299,226	$2,894,352	$2,894,352	$2,895,551	$1,199
EXPENDITURE DETAIL:
Personal Services	$226,936	$213,252	$238,352	$238,352	$239,551	$1,199
Operating Expenses	2,802,798	3,085,974	2,656,000	2,656,000	2,656,000	0
Total	$3,029,734	$3,299,226	$2,894,352	$2,894,352	$2,895,551	$1,199
Staffing Level FTE:	3.7	3.0	3.5	3.5	3.5	0.0

	ACTUAL FY 2008	ACTUAL FY 2009	ESTIMATED FY 2010	ESTIMATED FY 2011
REVENUES:
Cash Receipts	$11,008,563	$8,737,540	$8,500,000	$8,500,000
Total	$11,008,563	$8,737,540	$8,500,000	$8,500,000
PERFORMANCE INDICATORS:
Amount of Claims Paid	$2,502,478	$2,824,008	$2,600,000	2,700,000
Value of Stocks Returned to Owners	$187,663	$39,745	$50,000	$100,000
Claims Paid	6,505	6,113	7,000	7,900
Records in Unclaimed Property Database	195,569	227,142	260,000	290,000
Stock Portfolio Valuation	$1,393,333	1,032,084	1,150,000	1,300,000
Outreach Presentations	9	9	9	9

generated 11/25/09 03:31:55 PM