STATE TREASURER
GOVERNOR'S RECOMMENDED FY 2012 BUDGET
3210 Investment of State Funds

  ACTUAL
FY 2009
ACTUAL
FY 2010
BUDGETED
FY 2011
REQUESTED
FY 2012
GOVERNOR'S RECOMMENDED
FY 2012
RECOMMENDED INC/(DEC)
FY 2012
FUNDING SOURCE:
   General Funds $0 $0 $0 $0 $0 $0
   Federal Funds 0 0 0 0 0 0
   Other Funds 5,552,198 5,820,131 8,917,882 9,765,220 8,699,288 (218,594)
      Total $5,552,198 $5,820,131 $8,917,882 $9,765,220 $8,699,288 ($218,594)
 
EXPENDITURE DETAIL:
   Personal Services $4,263,771 $4,484,995 $7,173,564 $7,744,271 $6,682,562 ($491,002)
   Operating Expenses 1,288,427 1,335,135 1,744,318 2,020,949 2,016,726 272,408
      Total $5,552,198 $5,820,131 $8,917,882 $9,765,220 $8,699,288 ($218,594)
 
Staffing Level FTE: 27.7 28.0 28.0 28.0 28.0 0.0

  ACTUAL
FY 2009

ACTUAL
FY 2010

ESTIMATED
FY 2011

ESTIMATED
FY 2012

REVENUES:  
   Investment Management Fees: $0 $0 $0 $0
   Retirement System (SDRS) 5,121,712 4,314,676 5,003,384 7,557,304
   Cement Plant 33,970 27,801 30,881 46,873
   Cash Flow Fund (CFF) 580,583 698,813 800,735 1,209,911
   School and Public Lands (S&PL) 118,081 108,178 123,076 185,539
   Dakota Cement Trust (DCT) 179,930 155,655 169,619 255,849
   Education Enhancement Trust (EET) 262,232 227,174 264,979 400,374
   Health Care Trust (HCT) 69,159 61,125 72,302 109,370
      
Total

$6,365,667

$5,593,422

$6,464,976

$9,765,220
PERFORMANCE INDICATORS:  
   SDRS Yr-End Assets/Inv Income (Millions) $5,640/$-1,478 $6,488/$1,050
   SDRS Total Fund Return -20.36% 18.73%
   SDRS Capital Mkt Benchmark/Mellon Corp -18.0%/-17.64% 11.12%/14.49%
   CPRF Yr-End Assets/Inv Income (Millions) $35.6/$-9.3 $39.1/$7.1
   CPRF Total Fund Return/Benchmark Return -19.98%/-17.89% 19.98%/10.83%
   CFF Average Amount Invested (Millions) $966 $1,037
   CFF Investment Income (Millions) $57.6 $50.2
   CFF Average Yield/Benchmark Yield 4.51%/1.63% 4.8%/0.2%
   S&PL Yr-End Assets/Invest Income (Millions) $139.1/$-26 $154.9/$19.3
   S&PL Total Fund Return/Benchmark Return -14.6%/-12.7% 13.9%/10.8%
   DCT Yr-End Assets/Invest Income (Millions) $195.0/$-41.7 $211.0/$28.7
   DCT Total Fund Return/Benchmark Return -16.6%/-12.7% 14.3%/10.8%
   EET Yr-End Assets/Invest Income (Millions) $302.5/$-64.5 $341.1/$39.9
   EET Total Fund Return/Benchmark Return -17.5%/-12.6% 13.2%/10.4%
   HCT Yr-End Assets/Invest Income (Millions) $82.3/$-15.0 $93.6/$11.5
   HCT Total Fund Return/Benchmark Return -15.4%/-12.7% 14.0%/10.8%

generated 01/14/11 12:41:09 PM