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 2009	ACTUAL FY 2010	BUDGETED FY 2011	REQUESTED FY 2012	GOVERNOR'S RECOMMENDED FY 2012	RECOMMENDED INC/(DEC) FY 2012
FUNDING SOURCE:
General Funds	$651,402	$506,410	$547,047	$1,347,047	$1,347,047	$800,000
Federal Funds	205,263	45,924	0	0	0	0
Other Funds	161,489	192,392	225,000	225,000	225,000	0
Total	$1,018,154	$744,726	$772,047	$1,572,047	$1,572,047	$800,000
EXPENDITURE DETAIL:
Personal Services	$412,102	$416,588	$429,563	$429,563	$429,563	$0
Operating Expenses	606,052	328,138	342,484	1,142,484	1,142,484	800,000
Total	$1,018,154	$744,726	$772,047	$1,572,047	$1,572,047	$800,000
Staffing Level FTE:	7.0	7.0	7.0	7.0	7.0	0.0

generated 11/18/10 04:06:37 PM