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Virgin Islands of the United States Bureau of Motor Vehicles 2022 Spring Revenue Estimating Conference Presenter Leon LaFond, Assistant Director Barbara E. Jackson-McIntosh, Director Annual Revenue FY 2018-2023 to date $8,059,573 $10,413,045 $9,407,530 $10,120,637 $9,176,664 $11,792,233 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 2018 2019 2020 2021 2022 2023 Actual $3,787,285 2/28/2023 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 2022 16,149 2,383 1,615 69,039 272 30,441 578,379 2019 2020 2021 2022 Revenue Projection by Fund 2019 2020 2021 2022 2023 2024 2025 General Fund $717,171.00 $582,081.00 $588,639.00 $606,652.00 $624,665.00 $642,678.00 $670,391.00 Certificate of Title $15,258.00 $14,947.00 $14,617.00 $39,756.00 $47,916.00 …
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Virgin Islands of the United States Bureau of Motor Vehicles 2022 Spring Revenue Estimating Conference Presenter Leon LaFond, Assistant Director Barbara E. Jackson-McIntosh, Director Annual Revenue FY 2018-2023 to date $8,059,573 $10,413,045 $9,407,530 $10,120,637 $9,176,664 $11,792,233 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 2018 2019 2020 2021 2022 2023 Actual $3,787,285 2/28/2023 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 2022 16,149 2,383 1,615 69,039 272 30,441 578,379 2019 2020 2021 2022 Revenue Projection by Fund 2019 2020 2021 2022 2023 2024 2025 General Fund $717,171.00 $582,081.00 $588,639.00 $606,652.00 $624,665.00 $642,678.00 $670,391.00 Certificate of Title $15,258.00 $14,947.00 $14,617.00 $39,756.00 $47,916.00 $60,320.00 $72,725.00 Personalized License Plates $1,312,168.00 1018448 $1,293,890.00 $1,013,455.00 $2,690,272.00 $2,234,443.00 $1,098,612.00 Motor Cycle Safety $96,500.00 102011 $112,579.00 $122,937.00 $133,435.00 $143,898.00 $154,361.00 Peace Officer Training Fund $422,561.00 332990 $372,546.00 $306,553.00 $310,926.00 $297,708.00 $300,489.00 Centennial Fund $275,173.00 275173 $275,173.00 $275,173.00 $1,135,691.00 $614,660.00 $- Transportation Trust Fund $7,574,214.00 7081880 $7,463,193.00 $6,812,138.00 $6,849,328.00 $6,879,457.00 $7,679,986.00 Total $10,413,045 $9,407,530 $10,120,637 $9,176,664 $11,792,233 $10,873,164 $9,976,564 $10,413,045 $9,407,530 $10,120,637 $9,176,664 $11,792,233 $10,873,164 $9,976,564 $- $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 REVENUE BREAKDOWN 2024 2025 Revenue Category Project Count (If Applicable) Est. Revenue Revenue Category Project Count (If Applicable) Est. Revenue Transportation Trust Fund $ 6,879,457 Transportation Trust Fund $ 7,679,986 Certificate of Title $ 60,320 Certificate of Title $ 72,725 General Fund $ 642,678 General Fund $ 670,391 Police Officer Training Fund $ 297,708 Police Officer Training Fund $ 300,489 VI Historical Fund $ 614,660 VI Historicaal Fund $ - Motorcycle Fund $ 143,898 Motorcycle Fund $ 154,361 Personalized License Plates $ 2,234,443 Personalized License Plates $ 1,098,612 FY24 and FY25 Total Estimated Revenue Revenue Summary FY24: $10,873,164 Highlight 1: Continued access to online services Highlight 2:Implementation of the new Cash Management Process FY25: $9,976,564 Highlight 3: Online services Highlight 4:Implementation of the Driver Improvement (Points) and electronic Insurance reporting systems. REVENUE ESTIMATE SNAPSHOT Bureau of Motor Vehicles