EXHIBIT 43¶
ECONOMIC DEVELOPMENT COMMISSION ANNUAL REPORT¶
Fiscal/Calendar Year Ending¶
December 31, 2006¶
| Company Name: | Financial Trust Company, Inc. | |
|---|---|---|
| Gross Sales (Ineligible Sales) & Eligible for Tax Benefits … | ( $ - ) | 26749299 ✓ |
| Other Income (Ineligible) & Eligible for Tax Benefits | ( $ - ) | 51064302 ✓ |
| Gross Wages Paid in the V.I. (Include vacation & sick pay, bonuses, overtime, etc.) | $ | 750035 ✓ |
| Average No. of Employees; Full Time & (Part Time/Other)… | 11 | |
| Average No. of Residents; Full Time & (Part Time/Other)… | 11 | |
| Average No. of Non-Residents; Full Time & (Part Time/Other)… | ||
| Other Employee Costs (Unemployment & health insurance, pension, allowance, etc.) | $ | 216796 |
| Employee Income Taxes Paid and Withheld | $ | 212272 |
TAXES AND DUTIES (Provide dollar amount paid, and value of exemption/refund for each tax)¶
| Gross Receipts: | Amount Paid | $ |
|---|---|---|
| Dollar Value of Exemption | 1069972 | |
| Real Property Tax: | Amount Paid | $ |
| Dollar Value of Exemption | $ | |
| Excise Taxes: | Total Paid | $ |
| Dollar Value of Exemption/Refund | $ | |
| Income Taxes: | Total Paid | $ |
| Dollar Value of Exemption/Refund | 1488733 | |
| Total Paid | 15036447 | |
| Customs Duties: | Total Paid | $ |
| Dollar Value of Exemption/Refund | $ | |
| Other: | Hotel room taxes paid | $ |
| Other Taxes, Fee Paid to V.I. Government | $ | |
| - 150 + 43927 | ||
| TOTAL TAXES PAID: | $ | |
| 1532660 | ||
| TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS: | $ | |
| 16106419 |
EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT¶
| Eligible Supplier | V.I. Suppliers | Non-Local | Totals | |
|---|---|---|---|---|
| Goods and Services: | ||||
| Raw materials, components | $ | - | ||
| Food, beverage | $ | - | ||
| Freight Charges | $ | - | ||
| Insurance | 19485 | 7284 | $ 26769 ✓ | |
| Legal/ Accounting | 13329 | 6866 | 17216 | $ 37411 ✓ |
| Advertising / Promotion | 2476 | $ 2476 ✓ | ||
| Utilities (itel., water, elect. etc.) | 38846 | 3355 | $ 42269 ✓ | |
| Interest & Other Bank Chg. | 79 | 307 | $ 386 ✓ | |
| Supplies | 15279 | 2555 | $ 26129 ✓ | |
| Repairs/Maintenance | 2251 | 892 | 3923 | $ 7066 ✓ |
| Other (List Separately) | - 14000 | 351631 | 24950 | $ 387041 - 390580 |
| Subtotal, Goods and Svcs: | 26,443 37943 | 435554 | 59590 | $ 531,567 533087 |
| Capital Expenditures: | $ | |||
| Building & Improvements | $ | |||
| Leasehold Improvements | $ | |||
| Machinery / Equipment | $ 0 | |||
| Furniture / Fixtures | 1781 | 744 | $ 2524 | |
| Vehicles | $ | |||
| Other (List Separately) | $ | |||
| Subtotal, Capital Expend: | 1781 | 744 | $ 2524 | |
| GRAND TOTALS | 37943 | 437335 | 60334 | $ 535611 |
CUMULATIVE CAPITAL EXPENDITURES UNDER EDC CERTIFICATE¶
Name/Signature of Preparer: Jeanne Brenne (Signature) Date: 10/13/06 Jeanne [Redacted] (Pres Name) Telephone Number: 340-775-2525¶
Fiscal/Calendar Year Ending¶
December 31, 2005¶
Company Name: Financial Trust Company, Inc.¶
EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT -Other¶
| Eligible Supplier | V.I. Suppliers | Non-Local | Totals | |
|---|---|---|---|---|
| Goods and Services: | ||||
| Dues | 19553 | $ 19553 ✓ | ||
| Postage and delivery | 5122 | $ 5122 ✓ | ||
| Travel and transportation | 7044 | 402 | $ 7446 ✓ | |
| market services | 4995 | $ 4995 ✓ | ||
| Charitable contributions | ||||
| Company | 5635 | $ 5535 | ||
| Foundation | 250764 | $ 250764 ✓ | ||
| Co-op marketing fee/compliance | 12500 | 14000 ✓ | $ 12500 14000 ✓ | |
| Rent | 83186 | $ 83186 ✓ | ||
| Subtotal, Goods and Svcs: | 12500 | 14000 | 351631 | $ 28600 390500 |
H 12,500 CO-OP ALT. RETAIL EDC. H 14,500 EDC COMPLIANCE FEES.¶
Investors Dream¶
EDC ANNUAL REPORT¶
Value of Exemptions of Stockholders/Partners/Members¶
BENEFICIARY Financial Trust Company, Inc.¶
Fiscal Year Ending December 31, 2005¶
Case 1:22-cv-10904-JSR Document 194-6 Filed 06/20/23 Page 4 of 4¶
| Stockholders, Partners or Members | Social Security No. | Physical Address | % Distributable Shares | EDC Income | Business Activity | Total Tax Due | EDC Credit | Balance Tax Due |
|---|---|---|---|---|---|---|---|---|
| Jeffrey E. Epstein | [REDACTED] | Little Saint James | ||||||
| St. Thomas U.S. Virgin | ||||||||
| Islands | 100 | See page 1 of Economic Development Commission Annual Report | ||||||
| TOTAL | $ | $ | $ |
Note: Totals of EDC Credit and Balance Tax Due must be carried forward to the EDC Annual Report and reported under Taxes and Duties (See instructions).¶
VL-PM-000012724¶
HIGHLY CONFIDENTIAL SUBJECT TO PROTECTIVE ORDER¶