July 10, 2025
July 10, 2025 Via Electronic Transmission Honorable Angel Bolques, Jr. Senator-At-Large 36th Legislature of the Virgin Islands Capitol Building, P.O. Box 1690 St. Thomas, Us Virgin Islands 00804 abolques@legvi.org Dear Senator Bolques, Jr.: The Virgin Islands Public Finance Authority (the “Authority”) is in receipt of your letter dated June 28, 2025, requesting a comprehensive financial ledger and process payment report related to the Paul E. Jospeh Stadium Project (the “PEJ Project”), for the period covering 2014 through 2025. This project is funded through several appropriations from bond proceeds and the Community Facilities Trust Fund. Provided below is a summary outlining the budgeted amount, sources of funding, expenditure, and current budgetary balance to date for the PEJ Project: Additionally, enclosed are detailed spreadsheets that list vendor names, payment dates, payment methods, and other relevant information, organized by funding sources. Virgin Islands Public Finance Authority 5033 Kongens Gade, Government Hill St. …
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July 10, 2025 Via Electronic Transmission Honorable Angel Bolques, Jr. Senator-At-Large 36th Legislature of the Virgin Islands Capitol Building, P.O. Box 1690 St. Thomas, Us Virgin Islands 00804 abolques@legvi.org Dear Senator Bolques, Jr.: The Virgin Islands Public Finance Authority (the “Authority”) is in receipt of your letter dated June 28, 2025, requesting a comprehensive financial ledger and process payment report related to the Paul E. Jospeh Stadium Project (the “PEJ Project”), for the period covering 2014 through 2025. This project is funded through several appropriations from bond proceeds and the Community Facilities Trust Fund. Provided below is a summary outlining the budgeted amount, sources of funding, expenditure, and current budgetary balance to date for the PEJ Project: Additionally, enclosed are detailed spreadsheets that list vendor names, payment dates, payment methods, and other relevant information, organized by funding sources. Virgin Islands Public Finance Authority 5033 Kongens Gade, Government Hill St. Thomas, VI 00802 Phone: (340) 714-1635 Fax: (340) 714-1636 _____________________________________ Virgin Islands Public Finance Authority #1000 King's Street, Suite 6 Christiansted, St. Croix, VI 00820-4905 Phone: (340) 778-8135 Fax: (340) 773-0551 ___________________________________ Docusign Envelope ID: 62BCC0A9-2B7F-4BB6-B84F-229ADA3DF786 Honorable Angel Bolques, Jr. Paul E. Joseph Stadium Project July 10, 2025 If you have any further questions or need further clarification, please do not hesitate to contact me. Sincerely, Nathan Simmonds Director of Finance and Administration, cc: Members, Committee Budget, Appropriations & Finance, 36th Legislature Kevin McCurdy, Commissioner, Department of Finance Julio Rhymer, Director, Office of Management and Budget Attachments Docusign Envelope ID: 62BCC0A9-2B7F-4BB6-B84F-229ADA3DF786