CCC Financial Report September 2021 Web Version
VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF NET POSITION Te As of September 30, “ ASSETS Assets Current Assets Cash Petty Cash $ 200 Total Cash 200 Checking/Savings Banco Popular - Chk 0484 —-Commission Opr Acct 67,840 First Bank - 7752-Commission Revolving Acct 241,839 Total Checking/Savings 309,680 TOTAL ASSETS $309,880 NET POSITION Opening Balance at 10/01/2020 $90,756 Liabilities due CCC YOUTH PROGRAMS 35,307 Liabilities due DGE 15,848 Change in Net Position 167,968 TOTAL NET POSITION $309,880 VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION For the month ended September 30, 2021 Casino Control Commission Year To Date Operating Revenues Income Casino Revenue Fund $0 $164,732 License Fees 194,760 340,920 Other Income GVI Payroll Contributions 1,065,998 1,065,998 Other Income-Other 16 11,149 Total Other Income 1,066,014 Slot Fees 0 86,112 Stipulated Settlement 0 4,160 Work Permit Income 1,900 54,760 Total Operating Revenues $1,262,674 $1,727,831 Operating Expenses Advertising and Promotion 1,680 771 Automobile Expense 19 …
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VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF NET POSITION Te As of September 30, “ ASSETS Assets Current Assets Cash Petty Cash $ 200 Total Cash 200 Checking/Savings Banco Popular - Chk 0484 —-Commission Opr Acct 67,840 First Bank - 7752-Commission Revolving Acct 241,839 Total Checking/Savings 309,680 TOTAL ASSETS $309,880 NET POSITION Opening Balance at 10/01/2020 $90,756 Liabilities due CCC YOUTH PROGRAMS 35,307 Liabilities due DGE 15,848 Change in Net Position 167,968 TOTAL NET POSITION $309,880 VIRGIN ISLANDS CASINO CONTROL COMMISSION STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION For the month ended September 30, 2021 Casino Control Commission Year To Date Operating Revenues Income Casino Revenue Fund $0 $164,732 License Fees 194,760 340,920 Other Income GVI Payroll Contributions 1,065,998 1,065,998 Other Income-Other 16 11,149 Total Other Income 1,066,014 Slot Fees 0 86,112 Stipulated Settlement 0 4,160 Work Permit Income 1,900 54,760 Total Operating Revenues $1,262,674 $1,727,831 Operating Expenses Advertising and Promotion 1,680 771 Automobile Expense 194 16,785 Bank Service Charges 42 1,127 Building Naming 150 3,590 Cable Expense 128 1,659 Computer and Internet 306 41,180 Dues and Subscription 25 526 Electronic Equipment 2,135 4,712 Employee Recognition 0 500 Government Insurance Fund 0 752 Investigative Fees 0 58,827 Janitorial Services 600 7,035 Liability Insurance 1,823 1,823 Meals and Entertainment 0 1,043 Merchant Fees 115 5,680 Office Supplies 223 6,694 Other Types of Expenses 0 1,800 Past Due License Fees 0 23,051 Prior Year Obligations 35,307 35,307 Professional Fees 6,999 118,452 Rent Expense 21,002 86,206 Repairs and Maintenance 637 13,057 Salaries GERS Contribution 148,222 Medical, Dental and Life Insurance 115,464 Operating Expenses Salaries Medicare Payroll Social Security Total Salaries Telephone Expense Training, Conference/Dues Travel Expense Utilities Electricity Expense Security Expense Water Expense Total Utilities Total Operating Expenses Change In Net Position Casino Control Commission 10,807 745,297 46,208 1,065,998 382 6,967 0 1,856 0 185 2,041 $1,110,845 $116,522 Year To Date 1,065,998 5,192 24,216 4,207 20,717 790 1,765 23,272 $1,524,555 $ 167,968 VIRGIN ISLANDS CASINO CONTROL COMMISSION Statement of Cash Flows For the month ended September 30, 2021 OPERTATING ACTIVITIES Change in Net Position $ 116,522 Adjustment to Reconcile Net Position to Net Cash Provided by Operations: Liability Due CCC YOUTH PROGRAM 35,307 Liability Due DGE 80 Net cash provided by Operating Activities 151,909 Cash at the Beginning of the Period 157,970 Cash at the End of the Period $309,880 VIRGIN ISLANDS CASINO CONTROL COMMISSION RECONCILIATION REPORT For the Month Ending September 31, 2021 Commission Operating Account — BP 0484 Balance as per VICCC’s Register at 09/01/2021 $ 111,051.64 Add Deposits — Income 400.00 Less Disbursements (43,611.28) Adjusted Balance as per VICCC’s Register on 09/30/2021 $ 67,840.36 Balance as per Bank on 09/30/2021 $ 69,982.68 Less: Outstanding Checks (2,142.32) Adjusted Bank Balance on 09/30/2021 $ 67,840.36 Outstanding Checks DATE CHECK # AMOUNT 09/10/2021 8101 $ 462.32 09/22/2021 8106 1,680.00 TOTAL OS $2,142.32 VIRGIN ISLANDS CASINO CONTROL COMMISSION RECONCILIATION REPORT For the Month Ending September 31, 2021 Commission Revolving Account — FB 7752 Balance as per VICCC’s Register at 09/01/2021 $ 46,871.73 Add Deposits — Income 196,356.00 Less Disbursements (1,388.32) Balance as per VICCC’s Register on 09/30/2021 $ 241,839.41 Balance as per Bank on 09/30/2021 $ 241,982.07 Less: Outstanding Checks (142.66) Adjusted Bank Balance on 09/30/2021 $ 241,839.41 Outstanding Checks DATE CHECK # AMOUNT 08/20/2021 1641 $100.00 09/22/2021 1652 42.66 TOTAL OS $142.66