CCC Financial Report September 2022 Web Version
VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF NET POSITION As of September 30, 2022 ASSETS Assets Current Assets Cash Petty Cash Total Cash Checking/Savings Banco Popular - Chk 0484 —Commission Opr Acct First Bank - 7752-Commission Revolving Acct Total Checking/Savings Accounts Receivable V.A. Golden Restitution Receivable Total Accounts Receivable Other Current Assets Pre-paid Inter-Island Travel Total Other Current Assets TOTAL ASSETS LIABILITIES Current Liabilities BPPR Credit Card Payable Due to Department of Finance Due to Youth Program Account Liability Due Division of Gaming Enforcement Total Liabilities NET POSITION Opening Balance at 10/01/2021 Net Position Adjustment Change in Net Position Total Net Position September 30, 2022 $ 300 300 173,301 134,241 307,542 294,553 294,553 2,214 2.214 § 604,609 48,935 2,442 39,878 15,108 $ 106,363 $ 258,725 237,463 2,059 $ 498,246 VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION For the month ended September 30, 2022 Current Month Year To Date Operating Revenues Income Casino Re …
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VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF NET POSITION As of September 30, 2022 ASSETS Assets Current Assets Cash Petty Cash Total Cash Checking/Savings Banco Popular - Chk 0484 —Commission Opr Acct First Bank - 7752-Commission Revolving Acct Total Checking/Savings Accounts Receivable V.A. Golden Restitution Receivable Total Accounts Receivable Other Current Assets Pre-paid Inter-Island Travel Total Other Current Assets TOTAL ASSETS LIABILITIES Current Liabilities BPPR Credit Card Payable Due to Department of Finance Due to Youth Program Account Liability Due Division of Gaming Enforcement Total Liabilities NET POSITION Opening Balance at 10/01/2021 Net Position Adjustment Change in Net Position Total Net Position September 30, 2022 $ 300 300 173,301 134,241 307,542 294,553 294,553 2,214 2.214 § 604,609 48,935 2,442 39,878 15,108 $ 106,363 $ 258,725 237,463 2,059 $ 498,246 VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION For the month ended September 30, 2022 Current Month Year To Date Operating Revenues Income Casino Revenue Fund $0 $265,680 License Fees 6,280 71,300 Other Income Conference Room Rental 100 FEMA Disaster Reimbursement 9.422 17,778 Golden Restitution (650) 0 GVI Payroll Contributions 283,832 1,218,746 Transcript Copies 79 Slot Fees 91,728 Work Permit Income 780 16,080 Total Operating Revenues $299,664 $1,681,491 Operating Expenses Advertising and Promotion 0 17,105 Automobile Expense 79 49.556 Bank Service Charges 360 5,697 Building Naming 0 6,427 Cable Expense 149 1,725 Computer and Internet 34,103 38,758 Credit Card Fees 35 70 Dues and Subscription 200 5,880 Employee Recognition 0 1,279 Government Insurance Fund 0 885 Interest Expense 1,170 3,445 Janitorial Services 0 4,400 Liability Insurance 1,882 1,882 Meals and Entertainment 0 2,210 Merchant Fees 0 2,998 Office Miscellaneous 0 375 Office Supplies 73 9,369 Other Types of Expenses 0 159 Postage 40 100 Professional Fees (27,859) 139,666 Rent Expense 21,002 84,006 Repairs and Maintenance 2,794 14,094 Salaries Payroll 198,374 862,309 Medical, Dental and Life Insurance 29,636 132,130 Medicare 2,877 12,504 GERS Contribution 40,647 158,340 Social Security 12,299 53,463 VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION For the sain ended ian “a ae Current Month Year To Date Total Salaries $283,832 $1, 218,746 Telephone Expense 382 4,556 Training, Conference, Dues 4,347 8,013 Transcription Services 781 4,401 Travel Expense Inter-Island Travel 0 1,870 Travel Expense-Other 7,392 23,959 Total Travel Expense 0 Uniform 25,828 (133) 2,021 Utilities Electricity Expense 2,219 Security Expense 21,704 0 665 Water Expense 213 3,410 Total Utilities 2,432 25,780 Total Operating Expenses $333,261 $1,679,432 Total Expenses $333,261 $1,679,432 Change in Net Position ($33,597) $2,059 VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF CASH FLOWS For the month ended September 30, 2022 OPERTATING ACTIVITIES Change in Net Position ($ 33,597) Adjustment to Reconcile Net Position to Net Cash Provided by Operations: V.A. Golden Restitution Receivable (294,553) Pre-paid Inter-Island Travel 298 BPPR Credit Card Payable 26 Liability Due DGE 40 Net cash provided by Operating Activities (327.786) Financing Activities: Unrestricted Net Assets 295,503 Net Cash Increase for the Period (32,283) Cash at the Beginning of the Period 340.125 Cash at the End of the Period $ 307.842 VIRGIN ISLANDS CASINO CONTROL COMMISSION RECONCILIATION REPORT For the Month Ending September 30, 2022 Commission Operating Account ~ BP 0484 Balance as per VICCC’s Register at 9/01/2022 $198,183.00 Add Deposits 9,425.09 Less Disbursements (34,306.66) Adjusted Balance as per VICCC’s Register on 9/30/2022 $ 173,301.43 Balance as per Bank on 9/30/2022 $ 173,301.43 VIRGIN ISLANDS CASINO CONTROL COMMISSION RECONCILIATION REPORT For the Month sii ecpiamber 30, 2022 | os Commission Revolving Account — FB 7752 Balance as per VICCC’s Register at 9/01/2022 S$ 141,642.41 Add Deposits 7,787.75 Less Disbursements (15,189.18) Balance as per VICCC's Register on 9/30/2022 $ 134,240.98 Balance as per Bank on 9/30/2022 $ 135,281.26 Less: Outstanding Checks (1,040.28) Adjusted Bank Balance on 9/30/2022 $ 134,240.98 Outstanding Checks DATE CHECK # AMOUNT 9/23/2022 1843 9/23/2022 1844 $613.97 426.31 TOTAL OS 5 1,040.28