June 22, 2026 Senator Novelle E. Francis, Jr. 36th Legislature of the Virgin Islands 5049 Kongens Gade St. Thomas, VI 00802 Dear Honorable Members of the Finance Committee: Re: Audit Status Update Following your request for financial audit and single audit reports for the past two years and specific positions it will support, we want to provide an update on the status of our complete internal audit and our Olympic Solidarity Audit. The Virgin Islands Olympic Committee (VIOC) has completed our internal audit for 2022 and will be signing contracts for FY 2023 and 2024. We are currently in the final phase of our Olympic Solidarity audit, which is pending final review and signature by the President of the VIOC. We expect both processes to be concluded shortly. We appreciate your understanding and continued support and will forward the finalized audited financial statements as soon as they are formally signed and completed. Please do not hesitate to contact us should you require any additional information. Yours sincerely, John Abramson Jr. President Virgin Islands Olympic Committee