REVENUE SHEET.xlsx

Collection: Government Financials
Sub-shelf: DOF Budgets & Financial Statements
Kind: Financial Report
Date: 2025
Topics: Public Finance
Pages: 2
Text: Native Text

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Original source: https://omb.vi.gov/wp-content/uploads/2025/05/Operating-Revenue-Sheet.pdf

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REVENUE SUMMARY BY CATEGORY FY 2024 PRELIMINARY ACTUALS FY 2025 REVISED PROJECTION (3/19/25) INCOME TAXES INDIVIDUAL INCOME 424,597,984 423,429,742 CORPORATE INCOME 65,430,415 78,806,965 REFUNDS (64,569,889) (50,223,671) TOTAL INCOMES TAXES 425,458,509.81 452,013,036.30 OTHER TAXES REAL PROPERTY 55,608,124 64,000,000 TRADE & EXCISE 36,150,443 36,456,367 GROSS RECEIPTS 209,342,833 213,819,225 CORPORATE FRANCHISE 5,723,872 5,421,176 STAMP TAX 15,771,378 15,960,662 TIMESHARE TAX ENVIRONMENTAL INFRASTRUCTURE FEE 5,266,692 5,882,780 TOTAL OTHER TAXES 327,863,342 341,540,211 OTHER REVENUES LICENSES 3,428,972 3,909,284 FEES & PERMITS 7,051,123 7,306,933 FINES, FOREITURES, PENALTIES 2,809,816 2,874,949 COURT COSTS, FEES, & CHARGES 1,210,836 1,179,298 U.S. CUSTOMS 3,647,504 - CONSESSIONS FEE (LIME TREE-TERMINAL) 10,892,851 12,000,000 VEHICLE RENTAL SURCHARGE (VI Education Initative) - 3,003,963 CORPORATE DIVISION REVOLVING FUND - - FRANCHISE FEES 664,438 677,727 MISCELLANEOUS SERVICE CHARGE 1,811,999 1,875,215 TOTAL OTHER REVENUES 31,517,539 32,827,369 TRANSFERS IN CARIBBEAN BASIN INITIATIVE 5,568,018 8,500,000 V.I. LOTTERY 950,000 950,000 INSURANCE GUARANTY 8,000,000 20,000,000 TRANSPORTATION FUND 5,000,000 5,000,000 EARNED INCOME TAX CREDIT - - COMMUNITY FACILITIES TRUST FUND 1,197,137 - HEALTH REVOLVING FUND 2,100,000 - TOTAL TRANSFERS IN 22,815,154 34,450,000 TRANSFERS OUT STREETLIGHT - WATER AUTHORITY-POWER AUTHORITY (3,663,809) (1,280,000) ANTI-LITTER & BEAUTIFICATION (10,744,898) (6,225,000) DISTRICT PUBLIC ROAD FUND (1,185,371) (1,280,000) TAX ASSESSOR REVOLVING FUND (500,000) (500,000) MODERATE INCOME HOUSING FUND* (500,000) (250,000) SEWAGE FUND (486,212) (1,280,000) COPORATE DIVISION REVOLVING FUND (784,358) (586,165) RECORDER OF DEEDS REVOLVING FUND (200,000) (200,000) STAMP TAX - HFA (PROPERTY TAX) (4,788,199) ENVIRONMENTAL INFRASTRUCTURE FEE - TRF (790,004) (882,417) VEHICLE RENTAL SURCHARGE (VI EDUCATION INITATIVE) - (2,252,972) ST. THOMAS CAPITAL IMPROVEMENT FUND - (1,500,000) ST. CROIX CAPITAL IMPROVEMENT FUND - (2,000,000) DEBT SERVICE (82,300,953) (70,872,796) TOTAL TRANSFERS OUT (101,155,606) (93,897,549) REVENUE OTHER SOURCES ARPA 67,100,000 1,000,000 CONTRIBUTIONS TOTAL REVENUE OTHER SOURCES 67,100,000 1,000,000 REVENUE: MITIGATION & RECOVERY WITHHOLDING - 13,500,000 GROSS RECEIPTS - 22,063,225 EXCISE TAX TOTAL MITIGATION RECOVERY - 35,563,225 TOTAL GROSS REVENUES 874,754,545 897,393,841 TOTAL GENERAL FUND REVENUES 773,598,939 803,496,292 OCCUPANCY RELATED TAXES FY 2024 PRELIMINARY ACTUALS FY 2025 REVISED PROJECTION (3/19/25) HOTEL/NON ROOM TAX 43,551,462 44,422,491 AGRICULTURE REVOLVING FUND (1,000,000) (1,000,000) TOURISM ADVERTISING REVOLVING FUND 42,551,462 43,422,491 *Note: Moderate Income Housing Fund Double Payment for FY23 and FY24 (a) All preliminary actuals for FY 2024 revenue data utilizes DOF revenue as of September 30, 2024