VIRGIN ISLANDS CASINO CONTROL COMMISSION 
FY 2022 
CASINO CONTROL REVOLVING FUND 
ANNUAL REPORT 
2/ I 0/2023 
VICCC REVOLVING FUND ANNUAL REPORT 
LETTER TO THE SENATE PRESIDENT 
February I 0, 2023 
Honorable Novelle E. Francis, Jr. 
President 
35th Legislature of the U.S. Virgin Islands 
Capitol Building, Charlotte Amalie 
St. Thomas, Vl 00802 
Dear President Francis: 
The Virgin Islands Casino Control Commission ("the Commission") is pleased to submit the Casino 
Revolving Fund Annual Report for the Fiscal Year Ended September 30, 2022. This report is mandated by 
V. l. Code Ann. tit. 32, § 514(e), which states, in part, "[a]n annual financial repo1t of the fiscal year's
expenditures from the special checking account shall be compiled by the Casino Control Commission and 
submitted to the Legislature and the Department of Finance by the 30th of the month following the end of 
the fiscal year." The enclosed report not only includes the expenditures from the special checking accounts, 
but also the deposits thereto. The Commission's records indicate that this submission is the first for the 
Commission, and the current Commissioners and staff are very proud of this major accomplishment. 
Pursuant to 32 VIC§ 5 I 4(c), eighty percent of the funds deposited in the special checking account must be 
allocated to the Casino Control Commission, and twenty percent to the Division of Gaming Enforcement 
("DGE '). You will note that the report is separated accordingly. The first tab reflects the deposits and 
expenditures of the Commission and the second tab reflects the same information for the DGE. In addition 
to the summary statements of the special checking accounts, the report also contains the detail of the receipts 
and expenditures, the bank reconciliations, and copies of the First Bank statements for September 30, 2022. 
[t must be noted that 32 VIC § 514(e) also mandates that the Commission submit a quarterly repmt to the 
Commissioner of Finance. We are happy to repo1t that the Commission began to comply with that mandate 
in Fiscal Year 2022. The failure to comply with these mandates in the past has been a Yellow Book Finding 
(Government Auditing Standards) deficiency in the past. The Commission is delighted that this will no 
longer be an audit finding in the future . 
. Pickering, Commissioner 
an/CEO 
Carolyn P. Hermon-Percell, Commissioner 
Vice Chair 
VICCC Rf :VOL YING FUND ANNUAL REPORT 
LETTER TO THE COMMISSIONER OF FINANCE 
February I 0, 2023 
Honorable Bosede A. Bruce 
Commissioner 
Department of Finance 
23 14 Kronprindsens Gade 
Charlotte Amalie 
St. Thomas, VI 00802 
Dear Commissioner Bruce: 
The Virgin Islands Casino Control Commission ("the Commission") is pleased to submit the Casino 
Revolving Fund Annual Report for the Fiscal Year Ended September 30, 2022. This report is mandated by 
V. I. Code Ann. tit. 32, § 514(e), which states, in part,' [a]n an11ual financial report of the fiscal year's
expenditures from the special checking account shall be compiled by the Casino Control Commission and
submitted to the Legislature and the Department of Finance by the 30111 of the month following the end of
the fiscal year." The enclosed report not only includes the expenditures from the special checking accounts,
but also the deposits thereto. The Commission's records indicate that this submission is the first for the
Commission, and the current Commissioners and staff are very proud of this major accomplishment.
Pursuant to 32 VIC § 514( c), eighty percent of the funds deposited in the special checking account must be 
allocated to the Casino Control Commission, and twenty percent to the Division of Gaming Enforcement 
("DGE"). You will note that the report is separated accordingly. The first tab reflects the deposits and 
expenditures of the Commission and die second tab reflects the same information for the DGE. In addition 
to the summary statements of the special checking accounts, the repo1t also contains the detail of the receipts 
and expenditures, the bank reconciliations, and copies of the First Bank statements for September 30, 2022. 
It must be noted that 32 VIC§ 514(e) also mandates that the Commission submit a quarterly repo1t to the 
Commissioner of Finance. We are happy to report that the Commission began to comply with that mandate 
in Fiscal Year 2022. The failure to comply with these mandates in the past has been a Yellow Book Finding 
(Government Auditing Standards) deficiency in the past. The Commission is delighted that this will no 
longer be an audit finding in the future. 
Pickering, Commissioner 
11/CEO 
Carolyn P. Hermon-Percell, Commissioner 
Vice Chair 
I 
Virgin Islands Casino Control Commission 
Special Checking Account Annual Report 
For the Fiscal Year October 1, 2021 to September 30, 2022 
Revenue 
2022 
Checking Account balance at October 1, 2021 
License fees 
Slot fees 
Work permit Income 
FEMA/VITEMA Disaster Reimbursement 
Conference Room Rental 
Voided checks - oustanding, not cleared 
Transcript copies 
Sub-total - Deposits 
Total 
Expenses 
Advertising 
Automobile expense 
Building naming expense 
Cable expense 
Computer and Internet 
Dues and subscritions 
Employee recognition 
Janitorial services 
Payments to DGE (20% share) 
Liability insurance 
Meals and entertainment 
Office Miscellaneous 
Office supplies 
Petty cash increase 
Professional fees 
Repairs and maintenance 
Telephone expenses 
Training, conferences and dues 
Transcription services 
Travel expense - other 
Uniforms 
Utilities - Electricity 
Utilities - Security 
Utilities - Water expense 
Total Expenses 
Checking Account Balance as of September 31, 2022 
$241,839.41 
$64,460.00 
$33,696.00 
$16,200.00 
$630.00 
$100.00 
$569.91 
$79.00 
$115,734.91 
$357,574.32 
$15,125.00 
$2,842.22 
$6,367.06 
$1,149.84_ 
$3,770.40 
$S,802.76 
$779.00 
$4,400.00 
$16,568.00 
$1,881.94 
$2,106.67' 
$534.40 
-
-
$8,410.17 
$100.00 
...___ __ ....;.$91,067 .08
$11,891.31 
$3,032.56 
$8,971.90 
$3,683.75 
$14,S70.34 
$2,1S4.20 
$14,840.30 
$665.00 
$2,619.44 
$223,333.34 
$134,240.98 
Division of Gaming Enforcement 
Special Checking Account Annual Report 
For the Fiscal Year October 1, 2021 to September 30, 2022 
License fees 
Slot fees 
Work permit income 
Settlement - AK Chandling 
Investigation Fees Payable 
Sub-total - Deposits 
Total 
Bank service charges 
Meals and entertainment 
Office supplies 
Professional fees 
Rent 
Subpoena fees 
Subscription and fees 
Training, conferences and dues 
Travel expense 
Other Disbursements 
Payments to VICCC (80% share) 
Investigation fees payable 
Total Expenses 
Checking Account Balance as of September 31, 2022 
$56,628.00 
1---------
$20,475.00 
$1,040.00 
$71,015.65 
$238,988.65 
$423,641.99 
---
$434.80 
$4,284.02 
$4,399.80 
$2,705.00 
$45.00 
$135.00 
$1,689.06 
$8,755.06 I' 
$114,356.00, 
$18,166.99 
$158,572.10 
$265,069.89