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GOVERNMENT OF THE VIRGIN ISLANDS CASINO CONTROL REVOLVING FUND - 529000/2092 December 31, 2021 Beginning Balance from F/Y '19 5 511,807.29 Revenues F/Y '20 S 1,154,830.72 Obligations F/Y '20 (1,563,769.14) Net Activity F/Y '20 (408,938.42) Ending Balance 09/30/20 102,868.87 Beginning Balance from F/Y '20 102,868.87 Revenues F/Y '21 2,171,663.03 Obligations F/Y '21 (2,274,531.90) Net Activity F/Y '21 (102,868.87) Ending Balance 09/30/2021 - Beginning Balance from F/Y '21 - Revenues F/Y '22 746,917.54 Obligations F/Y '22 - Net Activity F/Y '22 746,917.54 Ending Balance 12/31/2021 S 746,917.54 Budgeted Balance - Unobligated 0.00 Encumbrances 0.00 Payment In Process 0.00 Requisition In Process 0.00 Available for Budget $ 746,917.54 Note: This unaudited balance includes appropriations and encumbrances available but not yet expended DOF - General Ledger CD - 01/14/2022 CASINO REVENUE FUND SCHEDULE OF COLLECTIONS AND DISTRIBUTION AS AUTHORIZED BY ACTS 6069, 6132 & 6534 & 7100 FIY '22 COLLECTIONS $ 746,917.54 DISTRUBUTIONS Amount to be paid 1st Qtr 12/31/2021 Agency/Program/Org % Roy L. Schneider Hospital 4 $ 29,876.70 Juan F. Luis Hospital 4 $ 29,876.70 Hospital & Health 4 $ 29,876.70 Myrah Keating Smith Clinic 3 $ 22,407.53 Education * 16 $ 119,506.81 Worker Prep Edu Prog/High School? = 2 $ 14,938.35 Youth Programs 10 $ 74,691.75 Agriculture 10 $ 74,691.75 Tourism/Casino Promotion STX 5 $ 37,345.88 Union Arbitration & Incr. Fund 8 $ 59,753.40 Bureau of Interal Revenue 1 $ 7,469.18 University of the Virgin !slands 5 $ 37,345.88 V.I. Alliance for Responsible Gaming 1 $ 7,469.18 Housing, Parks, & Recreation 10 $ 74,691.75 Casino Control Commission 10 $ 74,691.75 Public Safety 5 $ 37,345.88 St. Croix Foundation ' $ ‘ Casino Rehabilitation Fund 2 $ 14,938.35 Total Distribution 100 $ 746,917.54 ' Effective September 2004 Casino Revenue collection to the St. Croix Foundation is deposited in the Casino Rehabilitation Fund. ? Authorized by Act 7100 to change from 18 percent of Education to 16 percent effective January 15, 2010. DOF - 01/14/2022 OFFICE OF (340) 774-4750 THE COMMMISSIONER Fax: (340) 776-4028 GOVERNMENT OF THE UNITED STATES VIRGIN ISLANDS Street Address: 76 Kronprindsens Gade Charlotte Amalie, VI 00802 Mailing Address: 2314 Kronprindsens Gade Charlotte Amalie, VI 00802 DEPARTMENT OF FINANCE May 26, 2022 Marvin Pickering Chairman/Chief Executive Officer Virgin Islands Casino Control Commission 3005 Orange Grove Christiansted, VI 00820 Dear Chairman Pickering: Per your letter, transmitted herewith is the balance for the Casino Control Fund (2092) as of March 31, 2022. Attached is the breakdown of how the 2 quarter expenditures were allotted. If you have any questions, please call Crystal David (Financial Reporting Analyst) at 774-4750, ext. 2146. Sincerely, Bosede £1. fr Commissioner BB/ES/cd Virgin Islands Casino Control Commission 3005 Orange Grove Christiansted, VI 00820 Telephone: 340-718-3616 @ Fax: 340-718-3136 Email: info@casinocontrolcommission.vi From the Desk of: Marvin L, Pickering, CFE, EA Chairman/CEO April 25, 2022 Honorable Bosede Bruce Commissioner Department of Finance 2314 Kronprindsens Gade Charlotte Amalie St. Thomas, VI 00802 Via Email: bosede.bruce(@dof.vi.gov and arlene.james@dof.vigov Re: FY 2022 Second Quarter Report Dear Commissioner Bruce: The Virgin Islands Casino Control Commission, in accordance with Title 32, Chapter 21, Section 517, respectfully write to request the FY 2022 Second Quarter Report, regarding the Fund Balance and Allotments/Appropriations made from the Casino Revenue Fund. The statute referenced above states: (a) There is hereby created and established in the Department of Finance a separate special account to be known as the “Casino Revenue Fund” into which shall be deposited all revenues derived from the tax imposed pursuant to Title 32, sections 515 and 516(a)(1) Virgin Islands Code. (b) The Commission may require a monthly report and recognition statement to be filed with it on or before the 10th day of each month, with respect to gross revenues and deposits received and made during the preceding month. (c) Moneys in the Casino Revenue Fund shall be appropriated exclusively for the folowing purposes: Fifteen (15%) percent to hospitals and health; Sixteen (16%) percent to education; Two (2%) percent to the Worker Preparation Educational Program for high school seniors; Ten (10%) percent to the Department of Sports, Parks and Recreation to fund Territorial Little Leagues, the Biddy, Pony and Senior Leagues, and all other youth basketball, baseball, tennis and soccer leagues, including travel within and outside of the Virgin Islands and ten (10) percent to other youth programs; Ten (10%) percent to agriculture programs; Five (5%) percent to tourism and casino promotion of St. Croix; Eight (8%) percent to the Union Arbitration and Increment Fund; to include funding for bonding of preferred bidders; One percent (1%) to the Virgin Islands Bureau of Internal Revenue for tax administration and enforcement; Five (5%) percent to the University of the Virgin Islands; Ten (10%) percent to the Casino Control] Commission for its operation; Five (5%) to Public Safety; One (1%) percent for gambling addiction and education programs; and Two (2%) percent allocation to be deposited into a revolving fund to be established for the specific purpose of reconstruction and rehabilitation of the two historic district towns of Christiansted and Frederiksted; One (1%) percent to The Village—-Virgin Islands Honorable Bosede Bruce April 25, 2022 Partners in Recovery for the development of a program to prevent gambling addiction and a program to assist individuals with a gambling addiction. Absent emergent circumstances, moneys appropriated herein shall be expended for the expansion of programs within the above-mentioned areas, or for the institution of new programs within those areas. On or about March 15 and September 16 of each year, the Commissioner of Finance shall publish in at least two newspapers circulating generally in the Virgin Islands a report accounting for the total revenues received in the Casino Revenue Fund and the specific amounts of money appropriated therefrom for specific expenditures during the preceding six months ending December 31st and June 30th. As per Section 517 (c) of the Law, as indicated above, the Commission again requests the publication of a report accounting for the total amounts received and disbursed within the required timelines. ering, VICCC Commissioner VICCC Chairman/CEO CC: Carolyn P. Hermon-Percell, VICCC Commissioner Secretary/Treasurer Selma Deterville-DaCosta, VICCC Executive Director Romesha D. Smith, VICCC Executive Assistant CASINO REVENUE FUND SCHEDULE OF COLLECTIONS AND DISTRIBUTION AS AUTHORIZED BY ACTS 6069, 6132 & 6534 & 7100 FY ‘22 COLLECTIONS $ 518,615.00 DISTRUBUTIONS Amount to be paid 2nd Otr 03/31/2022 Agency/Program/Org % Agriculture 10 3 51,861.50 Bureau of Interal Revenue 1 $ 5,186.15 Casino Contro! Commission 10 $ 51,861.50 Casino Rehabilitation Fund 2 $ 10,372.30 Education * 16 $ 82,978.40 Hospital & Health 4 $ 20,744.60 Housing, Parks, & Recreation 10 $ 51,861.50 Juan F. Luis Hospital 4 $ 20,744.60 Myrah Keating Smith Clinic 3 $ 15,558.45 Public Safety 5 $ 25,930.75 Roy L. Schneider Hospital 4 $ 20,744.60 St. Croix Foundation ' $ : Tourism/Casino Promotion STX 5 $ 25,930.75 Union Arbitration & Incr. Fund B $ 41,489.20 University of the Virgin Islands 5 $ 25,930.75 V.1. Alliance for Responsible Gaming 1 $ §,186.15 Worker Prep Edu Prog/High Schoo! ? 2 $ 10,372.30 Youth Programs 10 $ 51,861.50 Total Distribution 100 $ 518,615.00 ' Effective September 2004 Casino Revenue collection to the St. Crolx Foundation Is deposited in the Casino Rehabilitation Fund. ? Authorized by Act 7100 fo change from 18 percent of Education to 16 percent elfective January 15, 2010. DOF - 04/08/2022 GOVERNMENT OF THE VIRGIN ISLANDS CASINO CONTROL REVOLVING FUND - 529000/2092 March 31, 2022 Beginning Balance from F/Y '19 S 511,807.29 Revenues F/Y '20 $ 1,154,830.72 Obligations F/Y '20 (1,563,769.14) Net Activity F/Y '20 (408,938.42) Ending Balance 09/30/20 102,868.87 Beginning Balance from F/Y '20 102,868.87 Revenues F/Y '21 2,171,663.03 Obligations F/Y '22 (2,274,531.90) Net Activity F/Y '21 (102,868.87) Ending Balance 09/30/2021 : Beginning Balance from F/Y '22 - Revenues F/Y '22 1,265,532.57 Obligations F/Y '22 (746,917.54) Net Activity F/Y ‘22 518,615.03 Ending Balance 03/31/2022 $ 518,615.03 Budgeted Balance - Unobligated 0.00 Encumbrances 0.00 Payment In Process 0.00 Requisition In Process 0.00 Available for Budget $ 518,615.03 Note: This unaudited balance includes appropriations and encumbrances available but not yet expended DOF - General Ledger ede ~ 04/08/2022 CASINO REVENUE FUND SCHEDULE OF COLLECTIONS AND DISTRIBUTION AS AUTHORIZED BY ACTS 6069,6132,6534,7100 & 8577 F/Y '22 COLLECTIONS $ 305,620.46 DISTRUBUTIONS Amount to be paid 3rd Qtr 06/30/2022 Agency/Program/Org % Agriculture 10 30,562.05 Bureau of Interal Revenue 1 3,056.20 Casino Controt Commission 25 76,405.12 Casino Rehabilitation Fund - - Education ? 20 61,124.09 Hospital & Health 15 45,843.07 Housing, Parks, & Recreation 15 45,843.07 Juan F. Luis Hospital - - Myrah Keating Smith Clinic - - Public Safety 10 30,562.05 Roy L. Schneider Hospital - - St. Croix Foundation ' = 3 Tourism/Casino Promotion STX - . Union Arbitration & Incr. Fund - - University of the Virgin Islands 3 9,168.61 V.1. Alliance for Responsible Gaming 1 3,056.20 Worker Prep Edu Prog/High School * - - Youth Programs - _: Total Distribution 100 $ 305,620.46 ' Effective September 2004 Casino Revenue collection to the St. Croix Foundation is deposited in the Casino Rehabilitation Fund. ? Authorized by Act 7100 to change from 18 percent of Education to 16 percent effective January 15, 2010. 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