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Virgin Islands of the United States Bureau of Motor Vehicles 2022 Spring Revenue Estimating Conference Presentation March 25th, 2025 Barbara E. Jackson-McIntosh, Director To provide the public with drivers’ licensing, vehicle titling, vehicle registration services, and other business transactions required by law. DRIVERS’ LICENSING BUSINESS TRANSACTIONS VEHICLE REGISTRATION SERVICES VEHICLE TITLING Mission Statement 8 Services Currently Offered 1 Drivers license issuance and documents verification 2 REAL ID 3 Disability Placards 4 Vehicle Inspection 5 Vehicle title issuance 6 Online Registration 7 Business Services Moving Permit 9 Vehicle Export Documents 10 Block records (child support, stolen, insurance, abandoned vehicles, other discrepancies) FY 2021 Annual Revenue $8,059,573.00 $10,413,045.00 $9,407,530.00 $10,120,637.00 $11,585,300.65 $13,347,803.10 $14,315,994.61 $- $2,000,000.00 $4,000,000.00 $6,000,000.00 $8,000,000.00 $10,000,000.00 $12,000,000.00 $14,000,000.00 $16,000,000.00 2018 2019 2020 2021 2022 2023 2024 Revenue projection Monthly Revenue FY 2021 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $662,183 $1,352,674 $589,702 $721,034 $778,639 $858,599 $622,316 $561,842 $681,581 $1,267,235 $1,102,267 $922,564 FY 2021 Monthly Revenues 2021 Revenue comparison FY 2020 vs FY 2021 October November December January February March April May June July August September 2020 $1,287,09 $1,119,97 $1,180,24 $1,117,09 $884,914 $592,432 $109,023 $433,991 $779,913 $765,771 $488,131 $648,943 2021 $662,183 $1,352,67 $589,702 $721,034 $778,639 $858,599 $622,316 $561,842 $681,581 $1,267,23 $1,102,26 $922,564 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 FY 2020 Monthly Revenues vs 2021 2020 2021 1 2 3 4 5 6 7 8 Duplicate Plate Online Drivers License-2021 Online ID Cards Duplicate Title Online Duplicate DL and ID cards Duplicate Registration and stickers PROCESS UPGRADE 2022 Superior Court Integration-2021 Online Change of Address Comparison of Online Services Transactions by Fiscal Year as of March 23,2022 8366 15642 10866 $723,604 $1,296,538 $871,881 1 10 100 1000 10000 100000 1000000 10000000 2020 2021 2022 Online Services Transactions Fee Annual Revenue By Fund $- $2,000,000.00 $4,000,000.00 $6,000,000.00 $8,000,000.00 $10,000,000.00 $12,000,000.00 General Fund Certificate of Title Personalized License Plates Motor Cycle Safety Peace Officer Training Fund Centennial Fund Transportation Trust Fund Total 2019 $717,171.00 $15,258.00 $1,312,168.00 $96,500.00 $422,561.00 $275,173.00 $7,574,214.00 $10,413,045.00 2020 $582,081.00 $14,947.00 $1,018,448.00 $102,011.00 $332,990.00 $275,173.00 $7,081,880.00 $9,407,530.00 2021 $588,639.00 $14,617.00 $1,293,890.00 $112,579.00 $372,546.00 $275,173.00 $7,463,193.00 $10,120,637.00 Annual Revenue By Fund CENTENN IAL SPECIAL FUND … CERTIFIC ATE OF TITLE 0.16% GENERAL FUND 6.19% MOTOR CYCLE SAFETY 1.08% PEACE OFFICER TRAINING FUND… PERSONALIZED LICENSE PLATE 10.83% TRANSPORTATION TRUST FUND 75.28% General Fund 6.89% Certificate of Title 0.15% Personaliz ed License Plates 12.60% Motor Cycle Safety 0.93% Peace Officer Training Fund 4.06% Centennia l Fund 2.64% Transportation Trust Fund 72.74% Revenue by fund 2019 Revenue by fund 2020 General Fund 5.82% Certificate of Title 0.14% Personalize d License Plates 12.78% Motor Cycle Safety 1.11% Peace Officer Training Fund 3.68% Centennial Fund 2.72% Transportation Trust Fund 73.74% Revenue by fund 2021 Yearly comparison by Major Activities 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Drivers License Identification Cards Learner's Permit Vehicle Motorcycle Registrations Inspections Inspection fees 2019 17,462 1,289 1,815 73,435 345 64,135 633,078 2020 15,994 1,259 483 75,408 287 52,764 1,262,503 2021 21,911 2,435 1,661 78,253 327 49,830 890,834 2019 2020 2021 2018 2019 2020 2021 2022 2023 2024 Total $8,059,573 $10,413,045 $9,407,530 $10,120,637 $11,585,301 $13,347,803 $14,315,995 $8,059,573 $10,413,045 $9,407,530 $10,120,637 $11,585,301 $13,347,803 $14,315,995 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 Revenues & Projection Revenue Projection by Fund 2018 2019 2020 2021 2022 2023 2024 General Fund $610,184 $717,171 $582,081 $588,639 $727,426 $728,774 $730,032 Certificate of Title $9,925 $15,258 $14,947 $14,617 $19,455 $23,469 $22,482 Personalized License Plates $1,211,624 $1,312,168 $1,018,448 $1,293,890 $1,447,900 $1,449,751 $1,451,603 Motor Cycle Safety $84,826 $96,500 $102,011 $112,579 $125,082 $134,506 $139,512 Peace Officer Training Fund $346,374 $422,561 $332,990 $372,546 $448,749 $455,606 $464,322 Centennial Fund $313,443 $275,173 $275,173 $275,173 $275,173 $275,173 $275,173 Transportation Trust Fund $5,483,197 $7,574,214 $7,081,880 $7,463,193 $8,541,515 $10,280,523 $11,232,870 Total $8,059,573 $10,413,045 $9,407,530 $10,120,637 $11,585,301 $13,347,803 $14,315,995 $8,059,573 $10,413,045 $9,407,530 $10,120,637 $11,585,301 $13,347,803 $14,315,995 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 REVENUE BREAKDOWN 2023 2024 Revenue Category Project Count (If Applicable) Est. Revenue Revenue Category Project Count (If Applicable) Est. Revenue Transportation Trust Fund $10,280,523.43 Transportation Trust Fund $11,232,870.38 Certificate of Title $23,469.08 Certificate of Title $22,481.71 General Fund $728,774.20 General Fund $730,031.76 Police Officer Training Fund $455,606.36 Police Officer Training Fund $464,322.24 Centennial Fund $275,173.00 Centennial Fund $275,173.00 Motorcycle Fund $134,505.60 Motorcycle Fund $139,512.19 FY23 and FY24 Total Estimated Revenue Revenue Summary FY23: $13,347,803 Highlight 1: Continued access to online services and the addition of new services Highlight 2:Further reduction of wait time FY24: $14,315,994 Highlight 3: Implementation of the BMV fully staffed Customer Care Center Highlight 4:Resumption of In-Person services REVENUE ESTIMATE SNAPSHOT Bureau of Motor Vehicles 1 2 3 4 5 6 GVI Self Service Vehicle Registration Renewal Disability Cards Online-2021 State to State Drivers License Verification-2024 Electronic Insurance Verification-2022 National Motor Vehicle Information Titling System(NMVITIS)- 2022 PROCESS UPGRADE 2022 Points System-2022 Work has commenced Completed- currently in the testing phase On track for 2022-2023 On behalf of the Staff and Management of the BMV we thank you for your support, we look forward to working with you in FY 2023