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State Lands Commission. Mineral Resources Management Division. State Lands Commission Revenue Sources and Distribution. David Mercier Chief, MRM Finance and Accounting. State Lands Commission Background.

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State lands commission l.jpg

State Lands Commission

Mineral Resources Management Division


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State Lands CommissionRevenue Sources and Distribution

David Mercier

Chief, MRM Finance and Accounting


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State Lands CommissionBackground

  • The State Lands Commission was established in 1938 with authority prescribed in Division 6 of the California Public Resources Code.

  • The members include:

    • Lieutenant Governor (Elected)

      • John Garamendi

    • State Controller (Elected)

      • John Chiang

    • State Director of Finance (Appointed by the Governor)

      • Michael Genest

      • Anne Sheehan (Director of Policy, delegated commission member)

  • Commission staff:

    • More than 200 specialists in mineral resources, land management, boundary determination, petroleum engineering and natural sciences.

  • The Executive Officer:

    • Paul Thayer is appointed by the Commission

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State Lands Commission

Divisions

Executive Officer

Paul Thayer

Legal

Mineral ResourcesManagement

Land Management

Fiscal and Information

Systems

Marine

Facilities

Environmental Planning

and Management

Human Resources and

Records Management

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Public Land Management

  • Two Types of Land:

    • Sovereign

      • Approximately 4 million acres

      • Include beds of California’s naturally navigable rivers, lakes and streams

      • State’s tide and submerged lands along more than 1,100 miles of coastline, extending three miles offshore.

      • More than 120 rivers and sloughs, 40 lakes and the State’s coastal waters.

    • School

      • Approximately 5.5 million acres throughout the State.

      • This was a grant to California by congress in 1853 to benefit education.

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State Tidelands Leases

  • Offshore Oil & Gas Leases

    • 31 leases on over 58,000 acres offshore California

    • Santa Barbara, Ventura, Orange, Los Angeles, counties

    • Current Royalties from 16.7% - 55%

    • Revenue over $400 million/yr

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State Lands CommissionMission

  • Provide stewardship of lands, waterways, and resources entrusted to its care through:

    • Economic development

    • Protection

    • Preservation

    • And Restoration

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Mineral Resources Management Division

Paul Mount

Chief

Greg ScottAsst. Chief

Operations andCompliance

Pete Johnson

Planningand

Development

Marina Voskanian

Engineering

James Hemphill

Finance

and Economics

David Mercier

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MRMD FUNCTIONS

  • Manage

    • Offshore oil and gas leases

    • Onshore State hard rock mineral resources

    • State School Lands mineral resources to include geothermal

    • Inspection and audits of all oil, gas, geothermal, and mineral extraction facilities on State lands

    • Financial audits of state leases and royalty revenue collection

  • Assist other divisions with engineering, geological, and financial expertise

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State of California

Long Beach: > $5.6 billion

Total: > $8.0 billion

City of Long Beach

Over $450 million

Can only be used on projects within the Tidelands area. Projects include:

Harbor

Convention Center

Beaches

Belmont Pool

Parks

Tidelands RevenueSince 1930

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Biggest Driver of State Lands Commission Revenue

Feb 9, 1999

Low: $11.68/BO

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California’s Oil Production

2.5%/yr

2.5%/Yr

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State Lands Commission Oil Production

4%/Yr

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State Lands Commodities

  • Oil/Gas

  • Electricity/Geothermal Energy

  • Aggregate

  • Talc

  • Granite

  • Gold

  • Borate

  • Uranium

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CA State Budget Compared to CSLC Revenue

9%

8.2%

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State Lands RevenueFYE 1930 to 2007

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City of Long BeachFunding

  • Belmont Pier

  • Marinas

  • Fireboats

  • City Employees Working on Tidelands Projects

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Long Beach

Queen Mary

Belmont Pool

Port of Long Beach

Convention Center

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State of CaliforniaRevenue Sources

Top Three: ~81%


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State of CaliforniaExpenditures

Top Five: ~83%


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Conclusion

  • Since 1930,the State Lands Commission staff working with industry has contributed more than $8.0 billion to California.

    • This doesn’t include the billions of dollars of income, property, production, other tax revenue and job creation benefits.

  • In Long Beach, over $450 million helped fund the:

    • Port of Long Beach;

    • Convention Center;

    • Belmont Pool;

    • Belmont Pier;

    • Marina;

    • Fireboats;

    • Queen Mary;

    • And pay for many salaries.

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Conclusion

  • Statewide contributions to the:

    • General Fund: education, health and welfare, and corrections and rehabilitation;

    • School buildings;

    • California water projects;

    • Energy projects;

    • Parks;

    • Housing;

    • Salmon & steelhead trout restoration;

    • Department of Fish and Game;

    • Marine life projects;

    • Santa Monica Mountain Conservancy;

    • And many more.

  • California really needs money!

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Budget Info

  • ~$17B deficit

  • Sell $15B bonds over 3.0 years (paid back out of lottery revenue)

    • Sell future profits or securitize

  • Prop 37 (1984)

    • Total: $3.3 billion (plan to increase, bigger jackpots)

    • Prizes: $1.65 billion (50%)

    • Operating Exp: $0.45 billion (16%)

    • Education: $1.2 billion (34%)

  • Sales Tax

    • 7.5% to 8.5%: ~$3.5 billion/year (back stop funding?)



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Extra Information

  • California: ~100 million acres (CSLC is 10%)

  • Education: ~$12,000 per child

  • Budget: ½ $500 million ~$250 million (~21,000 children per yr)



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School Prop 98

  • Three tests:

    • 39% of the budget

    • Prior year per capita

    • Bad years: 0.5% general funds ???


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