EFTA01077969.pdf

United States Virgin Islands ECONOMIC DEVELOPMENT COMMISION ANNUAL REPORT 111 Financial Trust Company, Inc. glatrtit414 Dtterref Sales (Ineligible Sales) & Eligible for Tax Benefits ... Fiscal/Calendar Year Ending ( $ )$ March 23, 2012 Other Income (Ineligible) & Eligible for Tax Benefits 576708 )$ 1978702 Gross Wages Paid in the V.I. (Include vacation & sick pay, bonuses, overtime, etc.) 208812 Average No. of Employees; Full Time & (Part Time/Other)... 10 Average No. of Residents; Full Time & (Part Time/Other)... 10 Average No. of Non-Residents: Full Tine & (Part Time/Other)... Other Employee Costs (Unemployment & health Insurance, pension, allowance, etc.) 49513 Employee Income Taxes Paid and Withheld 61072 TAXES AND DUTIES (Provide dollar amount paid, and value of exemption/refund for each lax) Gross Receipts: Amount Paid 0 Dollar Value of Exemption 0 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 1432123 Dollar Value of Exemption/Refund 423407 Customs Duties: Total Paid 0 Dollar Value of ExemptioNRefund 0 Other: Hotel room taxes paid 0 Other Taxes, Fee Paid to V.I. Government 0 TOTAL TAXES PAID: 1432123 TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS: 423407 EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT Eligible Supplier V.I. Suppliers Non-Local Totals Goods and Services: Raw materials, components 0 0 0 $ 0 Food, beverage 0 0 0$ 0 Freight Charges 0 0 0$ 0 Insurance 0 4611 0$ 4611 Legal/ Accounting 0 1450 23542 $ 24992 Advertising / Promotion 0 1912 0$ 1912 Utilities (tel., water, elect. etc 0 15811 0$ 15811 Interest & Other Bank Chg. 0 0 0$ 0 Supplies 754 5769 672 $ 7195 Repairs/Maintenance 1791 8408 0$ 10199 Other (List Separately) 0 36343 697 37040 Subtotal, Goods and Svcs: 2545 74304 24911 $ 101760 Capital Expenditures: $ 0 Building & Improvements 0 0 0$ 0 Leasehold Improvements 0 0 0$ 0 Machinery! Equipment 0 8759 1408 $ 10167 Furniture / Fixtures 0 0 0$ 0 Vehicles 0 0 0 $ 0 Other (List Separately) 0 Subtotal, Capital Expend: 0 8759 1406 $ 10167 GRAND TOTALS 2545 83063 26319 $ 111927 CUMULATIVE CAPITAL EXPENDITURES UNDER EDC CERTIFICATE 779,738 Name/Signature of Preparer: Date: telephone Number: 340.775.2525 In,, Nemo) EFTA01077969  Fiscal/Calendar Year Ending March 23, 2012 Company Name: Financial Trust Company, Inc. EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT -Other Eligible Supplier V.I. Suppliers Non-Local Totals Goods and Services: Duos and subscriptions 0 45 23 $ 68 Seminars and education 0 0 0$ 0 Postage and delivery 0 764 0S 764 Travel and related 0 1032 0$ 1032 Meals and transportation 0 1309 0$ 1309 License and lees 0 4395 0 4395 EDC Fees - Compliance, WDF 0 7500 0$ 7500 Rent 0 21098 0$ 21098 Other expenses 0 200 674 $ 874 Subtotal, Goods and Svcs: 0 36343 697 $ 37040 OTHER EMPLOYEE COSTS Employee benefits - health insurance and life insurance $ 45553 Simple IRA 3% employer contributions 3960 49513 By letter dated June 27, 2012 the Economic Development Commission granted a suspension of benefits effective March 23, 2012 to March 22,2013. By letter dated March 28, 2013 the Company requested a termination of benefits. The information included in the 2012 EDC Annual Report provides data through the date of suspension of benefits, March 23, 2012. EXPENDITURES FOR CHARITABLE CONTRIBUTIONS -2012 V.I. Educational V.I. Charity 11114""lcs1"" NP Pfc.'s" Totals Charitable contributkm • paid in 2012 20250 41875 30000 $ 92125 20250 41875 30000 92125 EFTA01077970