## Slide 1
U.S. Virgin IslandsOFFICE OF DISASTER RECOVERY
Revenue Estimating Conference
March 14, 2023
Adrienne L. Williams-Octalien
Director

## Slide 2
Recovery In Focus
Press Releases
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## Slide 3
Disaster Recovery: Funding Snapshot
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## Slide 4
Revenue Estimation Assumptions
The U.S. Virgin Islands will collect tax revenues from funded disaster projects based on the contractor’s gross receipts.
FY2024 and 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.
Over 200 obligated and soon to be obligated projects valued at over $4.3B are expected to impact the FY24 and FY25 budgeted revenue projections with expected expenditures of $560.2M in FY24 and $570M in FY25
Recovery projects also impact other forms of revenue such as licenses, permits, fees, housing, and spend within the community and economy.
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## Slide 5
Revenue Performance –Actuals
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Actuals FY2023 Q1		
Funding Source	Q1 2023 - Projections	Q1 2023 – Actuals
PA	$             4,186,071	$           2,018,878
HMGP	$                 170,450	$               135,171
CDBG-DR	$                241,578	$               574,449
FHWA-ER	$                146,742	$                 85,965
TOTAL	$             5,196,982	$            2,814,463

## Slide 6
Expenditure Projections– FY2024 & FY2025
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FY2024	
Funding Source	FY 2024 Projections
PA	$   412,170,620
HMGP	$     33,343,372
CDBG-DR	$     66,934,707
Other Funds	$     46,744,510
FHWA-ER	$       6,655,000
Multiple	$       1,017,666
TOTAL	$  566,865,875
FY2025	
Funding Source	FY 2025 Projections
PA	$  419,000,288
HMGP	$    64,800,092
CDBG-DR	$    66,435,703
Other Funds	$    17,404,863
FHWA-ER	$      4,105,000
Multiple	$      2,397,689
TOTAL	$ 574,143,635

## Slide 7
Revenue Estimate Snapshot – FY2024 & FY2025
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FY2023 and FY2024 Total Estimated Revenue	
FY24	$                28,343,249
FY25	$                  28,707,182
Revenue Breakdown			
FY2024		FY2025	
Revenue Category	GRT FY 2024 Projections	Funding Source	GRT FY 2025 Projections
PA	$              20,608,531	PA	$    20,950,014
HMGP	$                 1,667,169	HMGP	$      3,240,005
CDBG-DR	$                 3,346,735	CDBG-DR	$      3,321,785
Other Funds	$                 2,337,225	Other Funds	$         870,243
FHWA-ER	$                    332,750	FHWA-ER	$                       -
Multiple	$                      50,883	Multiple	$         119,884
TOTAL	$         28,343,294	TOTAL	$  28,707,182
Revenue Summary
Significant Recovery Projects - FY 24 & 25
WAPA Electrical Improvement Projects- Randolph Harley New Generation- Undergrounding Projects
DSPR Parks and Facilities
Major Education Projects - Arthur Richards Junior High- CAHS Demolition
Several Road Projects
Health & Human Services Facilities- Charlotte Kimelman Cancer Center- Charles Harwood Medical Complex
- Territory Head starts

## Slide 8
Thank You!
Contact: 
Director, Adrienne L. Williams-Octalien
Governor’s Authorized Representative (GAR)
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Phone:  

(340)202-1221
 
Website: 
www.usviodr.com

Email: 
info@usviodr.com
Any Questions?