ESTIMATING CONFERENCE
## Slide 1 REVENUE ESTIMATING CONFERENCE 2024 Adrienne L. Williams-Octalien Director US VIRGIN ISLANDS OFFICE OF DISASTER RECOVERY Ribbon Cutting - Phase I - Walter IM Hodge Groundbreaking - Charlotte Kimelman Cancer Institute ## Slide 2 Strategic Vision To build a resilient Virgin Islands. Mission To build a safe, resilient community that transforms and strengthens the Territory’s infrastructure by building robust systems, cultivating stakeholder collaboration and completing recovery projects to better position the community to thrive. Get the Funds Secure the maximum amount of disaster recovery funds required for the Territory to rebuild resiliently. Spend the Funds Commence and conclude projects within the required timeframe to guarantee timely processing of Disaster Recovery funds. Spend the Funds Correctly Ensure projects executed meet all applicable programmatic and regulatory requirements and internal audits are conducted. …
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## Slide 1 REVENUE ESTIMATING CONFERENCE 2024 Adrienne L. Williams-Octalien Director US VIRGIN ISLANDS OFFICE OF DISASTER RECOVERY Ribbon Cutting - Phase I - Walter IM Hodge Groundbreaking - Charlotte Kimelman Cancer Institute ## Slide 2 Strategic Vision To build a resilient Virgin Islands. Mission To build a safe, resilient community that transforms and strengthens the Territory’s infrastructure by building robust systems, cultivating stakeholder collaboration and completing recovery projects to better position the community to thrive. Get the Funds Secure the maximum amount of disaster recovery funds required for the Territory to rebuild resiliently. Spend the Funds Commence and conclude projects within the required timeframe to guarantee timely processing of Disaster Recovery funds. Spend the Funds Correctly Ensure projects executed meet all applicable programmatic and regulatory requirements and internal audits are conducted. Priorities US VIRGIN ISLANDS VISION, MISSION & STRATEGIC PRIORITIES Core Values Solutions-oriented Transparent Accountable Committed Team-oriented Progressive ## Slide 3 Funding Sources Anticipated (Estimates) Allocated Obligated Expended % of Obligated Funds Expended FEMA PA $11,345,000,000 $9,992,882,600 $9,992,882,600* $2,719,024,021 27.2% HMGP $1,450,000,000 $1,384,484,648 $188,801,088 $38,085,010 22.8% HUD $1,900,000,000 $1,917,330,884 $1,917,124,069 $301,479,875 16.3% DOT $85,000,000 $80,536,756 $68,076,036 $55,451,523 89.2% Other Funds $220,000,000 $208,639,216 $208,639,216 $128,325,051 67.6% TOTAL $15,000,000,000 $13,583,874,104 $12,375,523,010 $3,341,309,656 Disaster Recovery Funding Snapshot Data as of March 2024 * Includes Significant Obligations in April ## Slide 4 FY2025 budgeted revenue projections are based on disaster related capital projects (>$500k) that are both currently obligated and those that are expected to be obligated through FY25 across main funding sources. Revenue Estimation Assumptions The U.S. Virgin Islands will collect tax revenues from funded disaster projects based on the contractor’s gross receipts. Recovery projects also impact other forms of revenue such as licenses, permits, fees, housing, and spend within the community and economy, that is not included in this analysis. Over 180 obligated and soon to be obligated projects valued at over $7.0B are expected to impact the FY25 budgeted revenue projections with expected expenditures of $474M in FY25. ## Slide 5 Revenue Performance Actuals through FY 2024 - Q2 Funding Source FY2024 Expenditure Projection FY 2024 Expenditure Actuals FY 2024 GRT Projection FY 2024 GRT Actual PA $ 154,563,994 $ 135,081,001 $ 7,728,199 $ 5,231,274 HMGP $ 12,503,764 $ 8,568,259 $ 625,188 $ 174,385 CDBG-DR $ 25,100,504 $ 15,052,735 $ 1,255,025 $ 752,636 Other Funds $ 17,529,636 $ 14,616,785 $ 876,460 $ 730,839 FHWA-ER $ 2,495,636 $ 8,029,965 $ 124,781 $ 401,498 TOTAL $ 212,193,098 $ 181,348,747 $ 10,609,654 $ 7,290,634 ## Slide 6 Funding Source FY 2025 Projections PA $ 419,225,152 HMGP $ 20,858,672 CDBG-DR $ 32,196,322 Other Funds $ 2,197,820 TOTAL $ 474,477,966 FY 2025 Housing EnVIsion Tomorrow Infrastructure VIWAPA Undergrounding Projects Health & Human Services Charlotte Kimelman Cancer Center Charles Harwood Medical Complex Public Buildings Charles Seales Fire Station Estate Profit Community Center Schools Arthur Richards PK-8 School CAHS Demolition Bertha C Boschulte School Central High School Revenue Summary Significant Recovery Projects ## Slide 7 FY25 $ 23,723,898 Revenue Breakdown Revenue Category GRT FY 2024 Projections PA $ 20,961,258 HMGP $ 1,042,934 CDBG-DR $ 1,609,816 Other Funds $ 109,891 TOTAL $ 23,723,898 Snapshot FY2025 Total Estimated Revenue Demo - DHS Anna’s Hope Complex ## Slide 8 Follow Let’s Get Connected US NOW @ODRUSVI Website www.usviodr.com Instagram @USVIODR Facebook Youtube @USVIODR Twitter X @USVIODR LinkedIn Office of Disaster Recovery Communications @USVIODR ## Slide 9 ANY QUESTIONS Contact: Adrienne L. Williams-Octalien Director of the Office of Disaster Recovery & Governor’s Authorized Representative (GAR) THANK YOU Phone: (340)220-1221 Email: info@usviodr.com