FY 2024 4th Quarter Rum Shipment and Excise Tax Collection Report
UPDATED MEMORANDUM TO: Ms. Shelley Rodgers Client Service Manager Digital Assurance Certification (DAC) FROM: Nathan Simmonds Director of Finance and Administration DATE: November 22, 2024 SUBJECT: Rum Shipment Quarterly Report – 1998 Revenue & Refunding Bond Report The attached report is submitted in accordance with Section 5 of the Matching Fund Special Purpose Securitization Corporation Bonds, Series 2022A & 2022B (Continuing Disclosure Agreement). This report provides information for the quarter ended September 30, 2024, on: (1) the amount of rum shipped to the United States (in proof gallons) as reported by the Division of Licensing of the V.I. Department of Licensing and Consumer Affairs; and (2) Excise Taxes collected on V.I. Rum, as reported by the Alcohol and Tobacco Tax and Trade Bureau. Attachment cc: Michelle Dreyer, Secretary, MFSPSC Virgin Islands Public Finance Authority 5033 Kongens Gade, Government Hill St. …
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UPDATED MEMORANDUM TO: Ms. Shelley Rodgers Client Service Manager Digital Assurance Certification (DAC) FROM: Nathan Simmonds Director of Finance and Administration DATE: November 22, 2024 SUBJECT: Rum Shipment Quarterly Report – 1998 Revenue & Refunding Bond Report The attached report is submitted in accordance with Section 5 of the Matching Fund Special Purpose Securitization Corporation Bonds, Series 2022A & 2022B (Continuing Disclosure Agreement). This report provides information for the quarter ended September 30, 2024, on: (1) the amount of rum shipped to the United States (in proof gallons) as reported by the Division of Licensing of the V.I. Department of Licensing and Consumer Affairs; and (2) Excise Taxes collected on V.I. Rum, as reported by the Alcohol and Tobacco Tax and Trade Bureau. Attachment cc: Michelle Dreyer, Secretary, MFSPSC Virgin Islands Public Finance Authority 5033 Kongens Gade, Government Hill St. Thomas, VI 00802 Phone: (340) 714-1635 Fax: (340) 714-1636 _____________________________________ Virgin Islands Public Finance Authority #1000 King's Street, Suite 6 Christiansted, St. Croix, VI 00820-4905 Phone: (340) 778-8135 Fax: (340) 773-0551 ___________________________________ Docusign Envelope ID: 87DF84EA-6A11-4061-BDC5-DB319D15813D Virgin Islands Public Finance Authority Virgin Islands Public Finance Authority 5033 Kongens Gade, Government Hill 1000 Kings Street, Suite No. 6 St. Thomas, VI 00802 St. Croix, VI 00820 Phone: (340 )714-1635 Phone: (340 )778-8135 Fax: (340) 714-1636 Fax: (340) 714-1636 Office of the Director of Finance & Administration Email: nsimmonds@usvipfa.com FY 2024 1ST. QTR 2ND. QTR 3RD. QTR 4TH. QTR TOTAL 4,752,876.00 4,437,100.00 5,304,863.00 5,896,181.00 20,391,020.00 FY 2024 1ST. QTR 2ND. QTR 3RD. QTR 4TH. QTR TOTAL 52,404,820.73 $ 47,873,727.83 54,762,924.55 48,927,805.50 * 203,969,278.61 $ Fiscal Year Collections 2019** $ 256,816,642.31 2020 $ 253,949,855.09 2021 $ 252,364,316.73 2022 $ 279,164,583.69 2023 $ 217,818,638.11 * The VIPFA received September 2024 Cover Over reports from TTB on Friday, November 22, 2024. The 4th Quarter - US Alcohol, Tobacco and Firearms Excise Tax Collected on VI Rum is now complete. ________________________________________ ____________________________ ** Includes $600,000 adjustment that was advanced pre Federal Government Shutdown 11/2018. UPDATED November 22, 2024 ALCOHOL CONTROL BOARD RUM SHIPMENTS (IN P.G.'S) ALCOHOL AND TOBACCO TAX AND TRADE BUREAU EXCISE TAX COLLECTED ON VI RUM Nathan Simmonds Director of Finance and Administration Docusign Envelope ID: 87DF84EA-6A11-4061-BDC5-DB319D15813D