EXHIBIT 47¶
Company Name: Financial Trust Company, Inc.¶
| Gross Sales (Ineligible Sales) & Eligible for Tax Benefits … | ( $ - ) | $ | 63504348 |
|---|---|---|---|
| Other Income (Ineligible) & Eligible for Tax Benefits | ( $ - ) | $ | 57278258 |
| Gross Wages Paid in the V.I. (Include vacation & sick pay, bonuses, overtime, etc.) | $ | 786038 | |
| 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.) | $ | 225223 | |
| Employee Income Taxes Paid and Withheld | $ | 211323 |
TAXES AND DUTIES (Provide dollar amount paid, and value of exemption/refund for each tax)¶
| Gross Receipts: | Amount Paid | $ | |
|---|---|---|---|
| Dollar Value of Exemption | 2540174 | ||
| Real Property Tax: | Amount Paid | $ | 0 |
| Dollar Value of Exemption | 0 | ||
| Excise Taxes: | Total Paid | $ | 0 |
| Dollar Value of Exemption/Refund | 0 | ||
| Income Taxes: | Total Paid | $ | 3411196 |
| Dollar Value of Exemption/Refund | 27424383 | ||
| Customs Duties: | Total Paid | $ | 0 |
| Dollar Value of Exemption/Refund | 0 | ||
| Other: | Hotel room taxes paid | $ | 0 |
| Other Taxes, Fee Paid to V.I. Government | $ | # 844747 = 1200 + 83247 | |
| TOTAL TAXES PAID: | $ | 3494443 | |
| TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS: | $ | 29964557 |
RECEIVED OCT 15 2005¶
EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT¶
| Eligible Supplier | V.I. Suppliers | Non-Local | Totals | |
|---|---|---|---|---|
| Goods and Services: | ||||
| Raw materials, components | $ - | |||
| Food, beverage | $ - | |||
| Freight Charges | 150 | $ 150 | ||
| Insurance | 23805 | 3315 | $ 27120 DFT. | |
| Legal/ Accounting | 42490 | 2771 | 145406 | $ 190666 ✓ |
| Advertising / Promotion | 1351 | $ 1351 | ||
| Utilities (tel., water, elect. etc.) | 12699 | 35353 | 4795 | $ 52846 ✓ |
| Interest & Other Bank Chg. | 145 | 97 | $ 242 ✓ | |
| Supplies | 7957 | 12767 | 2177 | $ 22901 ✓ |
| Repairs/Maintenance | 1276 | 1069 | 3964 | $ 6308 ✓ |
| Other (List Separately) | 12778 ✓ 14277 | 36980 ✓ 369179 | 7109 ✓ 389066 | $ 390566 ✓ |
| Subtotal, Goods and Svcs: | 75551 ✓ | -80049 ✓ | 445240 ✓ | 166863 ✓ |
| Total, Goods and Svcs: | $ 690654 ✓ | |||
| Capital Expenditures: | $ - | |||
| Building & Improvements | $ - | |||
| Leasehold Improvements | $ - | |||
| Machinery / Equipment | 6215 | $ 6215 ✓ | ||
| Furniture / Fixtures | $ - | |||
| Vehicles | $ - | |||
| Other (List Separately) | $ - | |||
| Subtotal, Capital Expend: | 0 | 0 | 6215 | $ 6215 |
| GRAND TOTALS | 80049 | 445238 | 173077 | $ 698364 |
CUMULATIVE CAPITAL EXPENDITURES UNDER EDC CERTIFICATE¶
Name/Signature of Preparer: Jeanne Bunner (Signature) Jeanne [Redacted] (Print Name)¶
Date: 10/15/05 Telephone Number: 340-775-2525¶
Company Name: Financial Trust Company, Inc.¶
EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT -Other¶
| Eligible Supplier | V.I. Suppliers | Non-Local | Totals | |
|---|---|---|---|---|
| Goods and Services: | 2973 → DIF | |||
| Dues | 2570 | 403 $ | 2972 → DIF | |
| Postage and delivery | 206 | 4456 | 596 $ | 5258 → DIF |
| Travel and transportation | 72 | 7696 | 300 $ | 8067 → DIF |
| [REDACTED] market services | 5810 $ | 5810 ✓ | ||
| Charitable contributions | ||||
| Company | 9950 | 9950 | ||
| Foundation | 263976 | 263976 | ||
| Co-op marketing fee/compliance fees (S) | 12,500 14000 | 12,500 14000 | ||
| Rent | 80532 | 80532 (S) | ||
| Subtotal, Goods and Svcs: | 12778 14277 | 26980 369179 | 7109 | 36980 390566 |
(S) #14000 → #12,500 → EDC CO-OP MARKETING FEES → #1,500 → SEE FEES DAD TO GOV’T. : COMPLIANCE FEES¶
Investors Dream¶
EDC ANNUAL REPORT¶
Value of Exemptions of Stockholders/Partners/Members¶
BENEFICIARY Financial Trust Company, Inc.¶
Fiscal Year Ending December 31, 2004¶
| 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. [REDACTED] 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).¶