EXHIBIT 44¶
United States Virgin Islands¶
Travestons Dream¶
ECONOMIC DEVELOPMENT COMM.¶
ANNUAL REPORT¶
Fiscal/Calendar Year Ending¶
December 31, 2008¶
| Company Name: | Financial Trust Company, Inc. | ||
|---|---|---|---|
| Gross Sales (Ineligible Sales) & Eligible for Tax Benefits … | ( $ - ) | $ | 66145711 |
| Other Income (Ineligible) & Eligible for Tax Benefits | ( $ - ) | $ | 25112607 |
| Gross Wages Paid in the V.I. (Include vacation & sick pay, bonuses, overtime, etc.) | $ | 808546 | |
| 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 Cost - Employment - With insurance, pension, allowance, etc.) | $ | 219775 | |
| Employee Income Taxes Paid and Withheld | $ | 225866 |
TAXES AND DOLLARS (Printed dollar amount paid, and value of exemption/refund for each tax)¶
| Gross Receipts: | Amount Paid | 1,004,504 | |
|---|---|---|---|
| Dollar Value of Exemption | 2645828 | ||
| Real Property Tax: | Amount Paid | - | |
| Dollar Value of Exemption | - | ||
| Excise Taxes: | Total Paid | - | |
| Dollar Value of Exemption/Refund | - | ||
| Income Taxes: | Total Paid | 3951894 | |
| Dollar Value of Exemption/Refund | 33392783 | ||
| Customs Duties: | Total Paid | - | |
| Dollar Value of Exemption/Refund | - | ||
| Other: | Hotel room taxes paid | - | |
| Other Taxes, Fee Paid to V.I. Government | 2274 | ||
| TOTAL TAXES PAID: | 3954168 | ||
| TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS: | 36038611 |
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 [$ 630 DIFT] | 12550 | 4263 | 6902 | 23,715 |
| Legal/ Accounting [$ 1000 DIFT] | 22373 | 805 | 7173 | 30,351 |
| Advertising / Promotion | 2243 | 2,243 | ||
| Utilities (tel., water, elect. etc.) | 38015 | 8729 | 46,744 | |
| Interest & Other Bank Chg. | 95 | 91 | 186 | |
| Supplies | 7968 | 14364 | 5898 | 28,230 |
| Repairs/Maintenance | 1202 | 1596 | 4090 | 68,88 |
| Other (List Separately) | 1706 | 5268 534066 | 6521 | 542875 542695 |
| Subtotal, Goods and Svcs: | 45799 | 59629 598047 | 39404 | 281232 681290 |
| Capital Expenditures: | - | |||
| Building & Improvements | - | |||
| Leasehold Improvements | - | |||
| Machinery / Equipment | - | |||
| Furniture / Fixtures | 1399 | 6535 | 1056 | 8990 |
| Vehicles | - | |||
| Other (List Separately) | - | |||
| Subtotal, Capital Expend: | 1399 | 6535 | 1056 | 8990 |
| GRAND TOTALS | 47196 | 802582 | 40460 | 690240 |
| CUMULATIVE CAPITAL EXPENDITURES UNDER EDC CERTIFICATE | 618103 |
Name/Signature of Preparer: Jeanne Ducron (Signature) Date: 10/12/07 Jeanne [Redacted] (Print Name) Telephone Number: 340-775-2525¶
Fiscal/Calendar Year Ending December 31, 2006¶
Company Name: Financial Trust Company, Inc.¶
EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT -Other¶
Goods and Services:¶
Dues and subscribions DFF #663¶
Postage and delivery¶
Travel DFF # 00¶
Meals and transportation¶
market services¶
Charitable contributions¶
Company¶
Foundation¶
Co-op marketing fee/compliance fees¶
Rent included in billing submittal¶
Subtotal, Goods and Svcs:¶
| Eligible Supplier | V.I. Suppliers | Non-Local | Totals |
|---|---|---|---|
| 206 | $ 206 ✓ | ||
| 5157 | $ 5157 ✓ | ||
| 6694 | 1526 | $ 8219 ✓ | |
| 2146 2166 | $ 2146 2166 ✓ | ||
| 4995 | $ 4995 ✓ | ||
| 9,865 | $ 9865 | ||
| 423,837 | $ 423837 | ||
| $ 1500 ✓ | |||
| 86949 | $ 86949 ✓ | ||
| 6521 | $ 54275 542695 | ||
Investors Dream¶
EDC ANNUAL REPORT¶
Value of Exemptions of Stockholders/Partners/Members¶
BENEFICIARY Financial Trust Company, Inc. Fiscal Year Ending December 31, 2006¶
| 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).¶