EFTA00725865

United States Vugin Wends ECONOMIC DEVELOPMENT COMMISION ANNUAL REPORT 14** * December 31. 2009 1 Fiscal/Calendar Year Ending L:a liake.„2/a/kt rttatrt Financial Trust Company. Inc. Gross Sales (Ineligible Sales) & Eligible for Tax Benefits ... ( $ )$ Ps100000 Other Income (Ineligible) & Eligible for Tax Benefits ( $ )$ te, 5 -16947243 Gross Wages Paid in the V.I. (Include vacation & sick pay, bonuses, overtime. etc.) 5 p3 718715 Average No. of Employees; Full Time & (Pan Time/Other)... 10 Average No. of Residents; Full Time & (Pan Time/Other)... 9 Average No. of Non-Residents; Full Time & (Part Time/Other).. 1 Other Employee Costs (Unemployment & health insunance, pension, allowance, etc.) $ P. 3 207563 Employee Income Taxes Paid and Withheld S F3 TAXES AND DUTIES (Provide dollar amount paid, and value of exemption/refund for each tax) Gross Receipts: Amount Paid Dollar Value of Exemption 4000 Real Property Tax: Amount Paid Dollar Value of Exemption $ Excise Taxes: Total Paid Dollar Value of Exemption/Refund S Income Taxes: Total Paid S Dollar Value of Exemption/Refund $ Customs Duties: Total Paid $ Dollar Value of Exemption/Refund S Other: Hotel room taxes paid Other Taxes, Fee Paid to V.I. Government Pl.. 1297 TOTAL TAXES PAID: S 1297 TOTAL VALUE OF EXEMPTIONS AND OR REFUNDS: 4,000.00 EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT Eligible Supplier V.I. Suppliers Non-Local Totals Goods and Services: Raw materials, components $ Food. beverage $ Freight Charges S Insurance 2640 PS1.. 12124 157- 3570 18334 Legal/ Accounting €, 10 115143 r% c 382306 $ 497449 Advertising / Promotion s l 1798 S 1798 Utilities (tel., water, elect. etc.) S 35952 35952 Interest & Other Bank Chg. $ Supplies 3709 VzLi 14454 P. 1 806 $ 18969 Repairs/Maintenance C:.; 1521 0.:.; 4215 - $ 5736 Other (List Separately) Pc:. 19000 eel 110425 Oft\ 395 $ 129820 Subtotal, Goods and Svcs: 26870 294111 387077 $ 708058 Capital Expenditures: $ Building & Improvements Leasehold Improvements Machinery / Equipment 10455 $ 10455 Fumiture / Fixtures Vehicles Other (List Separately) $ Subtotal, Capital Expend: 10455 S 10455 GRAND TOTALS 26870 304566 387077 $ 718513 CUMULATIVE CAPITAL EXPENDITURES UNDER EDC CERTIFICATE 705364 Name/Signature of Prepare,- Date: (Sognaluat) Jeanne Brennan Telephone Number: (Onni Name) EFTA00725865 FiscaUCalendar Year Ending December 31, 2009 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 and subscrilxions 52 1020 rt -1 395 $ 1415 Seminars and education P. 2 1328 1328 Postage and delivery el. S 2284 $ 2284 Travel and related f,'. 6518 $ 6518 Meals and transportaion e; 7- 4311 $ 4311 EDC Fees ft.,-.. 19000 $ 19000 Rent r-;', , 93779 $ 93779 Other expenses it:. ' : 1185 1185 Subtotal, Goods and Svcs: 19000 110425 395 $ 129820 EXPENDITURES FOR CHARITABLE CONTRIBUTIONS V.I. Educational V.I. Charity V.1. Foundation Funding Totals Company P Ce 25000 1- '' 14580 • 39580 Foundation Al 6000 f -- 6825 r 12825 31000 21405 S \ 52405 EFTA00725866 EDC Annual Report 2009 Al Reconciliation of report to 1120S Agreed to tax return Agreed to EDC annual report Total deductions on 1120S line 20 Tg 1,703,441.00 Expenditures per annual report Reb Gross wages paid in VI 718.715.00 Other employee cost 05 207.562.54 Taxes paid ,p,$ 191,453.84 less withholding pkb (141.098.55) 976,632.83 PU) 1,297.00 Other tax and licenses Goods and services cs708,058.00 Reconciling items : Expenses not on annual report (Expenses not in line 20) Depreciation Total dep and amortization 29,362.00 Non -deductible expense 50% TE 4 t (2,155.50) Med insurance non-ded 41% (9,754.11) (11.909.61) Rounding Reconciled to Line 20 of Tax return 1.703.440.22 Difference 0.78 K-I charitable deductions not included on annual report K-I zwim P i565 K-I ptrships i7 939 1,504 1,504.00 Charitable contributions t1/4k.1 FTC 39,580.00 Foundation c\112,825.00 52.405.00 Reconciliation of line 1120 S to total expense in QuickBooks EFTA00725867 EDC Annual Report 2009 Reconciliation of report to 1120S Aa Total deductions on 1120S line 20 TR 1,703,441.00 Reconciling items -Expenses not on (on) line 20 Investment exp 67,646.00 67,646.00 UST interest 1,558.00 1,558.00 Short dividends Management fees 55,362.00 55,362.00 Fee expense 162.00 Foreign taxes 1,755.00 271.98 2,026.98 K-1 Professional fees 15,340.00 50% lIE 2,155.54 2,155.50 Other expense 498,515.00 Non deductible US taxes Med insurance non-ded 9,754.21 Charitable contributions on the FTC financial statemetns 40,519.00 Expense reconciled to financial statement 2,396,479.69 Total operating expense per QuickBooks 2,367,117.46 Total depreciation (other expense per QuickBooks) 29,362.00 Total expense per QuickBooks 2,396,479.46 Difference 0.23 EFTA00725868 EFTA00725869 FTC EDO Maus** 2C0) Annual R44011 at • On GO Arad to WC lomat NOM I 1 Ibmployes Than Pod Adinasoms Oreas Pay Wary 714,71SAS Van•aa Way Nam* Rai* I."'" ae MOPE Plildb dal INS Clion Pay 71•311.11 710.716.36 1 04.44.64.... t... mos. Pry SittrA• IM IO •11.1010) Savoie IRA II alita. ships IRA IS •YIAF000 Ss*. IMPS .1.1.110 lave* IRA 3 -OKA? Napo RAP 4.31•1111 Illompla MAP SUNS 1147 N.M.Mt TOW Ovstaapea• lino Ogee P07 4IlliMA Miyake! Wen Pay 'MOM, T..E. WoiaaYal EaffiPOYO•Ina IOW plailliatleAltheld 'Swill ‘VAM01019 42.04444 92100.00 mak... Employes •11:047.1S 10,447.13 so.m 444..44 4a440144 411.401.0 30.646.42 141.134111.66 loud .... VAINteid .$41.6611.16 lOoduellora Iron Not Pay AFL AC 4.77•42 COO. Puppy Mal 0•••elbaaa can al Pay “alle 1641,F T SISPOL47 Ispiepts Taw wd ONSISIIS FOIMIIIUWAplerlfal •104 614.74 Wilma.* Compaq 1540.13 10,447.19 t 30.546.42 Soo., /wow y03•0.1. UMW Group IMO I M inotal• 1317.10 40 991.66 — . wo.k..... A.. ,, 7413.00 PotO'. and .etunl IRA COMIllbtill.r. SWOP TaalImplare Taus and Coatolmaars OUtl.20 191.41.114 Nat, . it • :d.:a COS NON • MS ars amliducaelea WINN Taw n Assinant DaponOiM 44,132.>. MN . Cat, aaag Ea.< ace. included la Palotallos MON • Macabrely. cas« MinliiiallaPPoOPP 44,11US toolO .E Sawa, 144,44•1611m1.6141) 147.1 !IRA conwlbullai minim 032 10176 Other 4.4444. Pula 207034 207,60264 4032.76 9711,613.60 Total eirfroyee 1117.731.73 Wittholang •141,090.65 E coense pot GL 976,163.18 {049) Ja • WON EFTA00725870 FTC (DC Was ans104 Annual Ilicat 50010 Pared 4 14•Iot44 Coat — 1007 Coon Pay Ile 715 75 A4 50,13 P oill Una 48 00:55 ..1.0015. • lisolopo O•nefil (1.44die.d.1.1•.0iniso .17.102 el 00014.FLITA 614 74. 1001I Mork.* Coop Ilnumace 74$ X? .000111.1‘mMtso 50710 Boo. 0.W $0030 ...mina ••pons• 11.4%.901 Told $0010 P•noll & Pealed Col. tqqAce 4 . . SION S.M.., and Edu“lion 804.1.•Imbakd In •i...mities• 54012 1/•mtar•lp Out* . 51002 Noon Anisiam• D•p•estals 44.432.71 51014 Cont.nurra ligation analanal •••••••• A9 -V. 72 TOW szp•••• PMIlL 9/6.633.47 ism. Tullis Aosislonar INgasdenla Osck 01/014001OM Wino* ail us ova ow* Ouillitet0 Sus /dame a se del.e) _Aback *MVO MIS New Talispeal WHO emitted amp 044•6106 MOWMOS I 16,10•10 ONO Cod asp amen arms tame, toI it1/23*.CO Gate:Clasp 6102/2401 Ilkiltitatel MIRO 071010101 el nacos um* TS Wel. TS% AMMISAMP Doipmetils 41.6.1/76 COO Ta4.6154012•0014r/hV 711,7.1411 UM 5C013 • Papal Ton WIMPS tad SCOIS • bystrie passimodkrawsra 117.19t# MS 50014. 11/04 •14 74 _ 74000017. WalsoiCem.Immo, 7410:1 Tout WON. Pail* aims MASI* Fit Summary of Income Reporting 12/31/2009 AS Tax return Annual report Income as reported on 1120S Line la 100,000.00 Line 5 (15,300,946.00) Schedule K Numbers Schedule K (1.646,297.00) Interest 3,373,239.00 $ (16,847,243.00) Dividends 5,622,209.00 Royalties 160,364.00 ST gain (1,790,040.00) Income as reported on the Annual report LT loss (9.703,372.00) Line 5 (15,300,946.00) Section 1231 1,288.00 Schedule K (1.646.297.00) Other income 690,015.00 Total other income (16.947.243.00) (1.646.297.00) Income as reported on EDC annual report Gross sales 100,000.00 Other income (16,947,243.00) $ (16,847,243.00) Reconciliation of income to quickbooks Income per OB (257.499.09) With out Zwim per the PL Zwim income (12.758.631.00) Ptrship exp &boated lo income (3.831.117.00) (16,847,247.09) reported on the annual report (4.09) Reconciliation of income to quickbooks Income per OB (18.169.745.09) Zwim expenses 5.153.615.00 Zwim exposes included in the income number, as zwim is booked to in Ptithip exp allocated to income (3.831.117.00) (16,847,247.09) EFTA00725871 Type Date Num Name Amount Eligible VI 50600 Taxes (Taxes) 50601 • Franchise Check 06/15/2009 3501 Government r 1,147.21 Check 06/15/2009 3502 Government < 150.00 Total 50601 Franchise 1,297.21 EFTA00725872 EFTA00725873 Type Des Num Name Amount SPAS VI Nondeed Total Tax return Me 60150 • Charily 50151 • Partnerships General Jot. 12/31/2009 93900 Total 50161 • ParMarsters 93900 50163. Charkrother 5013e • Education Check 06/01/2000 3155 Frees of le $1.1banas Public Lbrarlss 5.00000 Chock 07/15/2009 3467 The St. Thomas Reformed Church 500100 Chock 10/20/2009 3496 Rudy Rutnk Schciarship Fund. Inc. MOO Check 10/20/2009 3496 Celiac Cherries of me V.I., Inc. 500000 Check 10/27/2009 3605 Joseph Sibily Elementary School PTA 503.00 Chock 10/27/2009 3506 Ride Stars Youth Steel Orchestra 600.00 Check 11/03/2009 3509 Antilles School. Inc. 3.00000 Check 12/15/2009 3613 .E.K.H.S. Guidance & Counseling Dept 5.25000 Total 5013s - Education 2500000 60153a • Events Check 03/09/2009 _ CAMS. Si. Thomas Lee CU) 76.00 Chock 04/16/2009 Methocksi Church 103.00 Check 06/11/2009 3449 Uneersity of the Virgin Istende 200.00 Check 10/07/2009 Cash 100.00 Check 10120/2009 3499 St. Thomas-SL John Chamber of Conmert• 1.000.00 Check 11/0(/20093510 AO Sales Cathedral School-CDC 600.00 r ., IP Total 50153a Events 2075.00 ‘11 ` tag 60/630 • Charitable i rla 1 Chock 10/20/2009 3492 Unked Way of St. Thomas•St. John 3.500.00 tY Check 10/20/2009 3493 Zero Tolerance Basketball Org. Inc. 2.000.00 Check 1020/21093494 Community Foundation el the V. I. 1.000.00 Cheek 10/20/2009 3496 Forney Resource Center. Inc. 2.50000 Check 12602/2009 V.I. Mcntossori SOMA Inc. 5.00 Check 12/15/2009 3615 Lutheran Social Services of the V.1. 300000 Total 50153c Ch a 12.506.00 19 Teal50153. Charily-other 39.68000 T018150160 - Chatty 40.51900 Zwlm 585 Tax return Nne 12a 41,084.00 K-1 entries 1,604.00 Expenditures 39,680.00 EFTA00725874 JEVIF 2009 VI contributions 1 1 1 1 11We Date Num Name Memo Split Debit 5000 • Charitable contributions 5140 • Contributions 5141 • Education 5141b • Private education I I (Check 3/11/2009 2399 Antilles School Financial support for tv 1001 • First Bank Op 6,000.00 Total 5141b • Private education 6,000.00 Total 5141 • Education 6,000.00 5142 • Chant: Check 1/16/2009 2397 V. I. Tennis Asso. 2009 Davis Cup Spons 1001 • First Bank Op 5,000.00 Check 3/10/2009 2398 All Saints Cathedr 9th Annual Mardi Gras 1001 • First Bank Op 500 Check 3/18/2009 2400 Amateur Basketbr Trophies for 2008 Sum 1001 • First Bank Op 825 Check 7/14/2009 2476 The St. Thomas F,Educational Tour to Ch 1001 • First Bank Op 0 Check 7/22/2009 2477 Lutheran Church ?Youth Gathering 1001 • First Bank Op 500 Total 5142 • Charity 6,825.00 Total 5140 • Contributions 12 825 00 EFTA00725875 3:49 PM Financial Trust Company, Inc. 09/20/10 Transactions by Account Accrual Basis As of December 31, 2009 Type Date Num Name Memo Class Cir Split Debit Credit Balance 15100 • Leasehold Improvements 325527.10 Total 15100 . Leasehold Improvements 325,527.10 15200 • Furniture & Equipment 276,880.08 15205 • Furniture & Furnishings (Office Furniture & Furnishing) 67.54067 Total 15205 • Furniture & Furnishings (Office Furniture & Furnishing) 67,549.67 15215. Shipping & Duties 7,938.46 Total 15215 • Shipping & Duties 7,938.46 15250. Office Equipment 201,391.95 Check 1/16/2009 3417 Caribbean Dataco... New telepho... 10006 . First&. 9,000.00 210,391.95 Credit Card Charge 7/28/2009 PC Paradise, Inc. Deposit for ... 25012 • Chas... 725.00 211,116.95 Credit Card Charge 8/11/2009 PC Paradise, Inc. Inv. 4 37135:... 25012. Chas... 730.00 211,846.95 Total 15250 • Office Equipment 10,455.00 0.00 211,846.95 Total 15200 . Furniture & Equipment 10,455.00 0.00 287,335.08 15300 • Professional Fees 105,902.62 15305 • Architectural 35,618.85 Total 15305 • Architectural 35,618.85 15307 • Engineering 100.00 Total 15307 . Engineering 100.00 15308. Interior Designer 17,422.81 Total 15308 • Interior Designer 17,422.81 15309. • Legal 52,760.96 Total 15309. • Legal 52,760.96 Total 15300 - Professional Fees 105,90262 15500 • Accumulated Dep & Amortization -399573.96 15501 • Depreciation -346,813.00 General Journal 12/31/2009 V 70030 - Depre... 29,362.00 -376,175.00 Total 15501 • Depreciation 0.00 29,362.00 -376,175.00 15502 . Amortization -52,760.96 Total 15502 • Amortization -52,760.96 Total 15500 . Accumulated Dep & Amortization 0.00 29,362.00 -428,935.96 TOTAL 10,465.00 29,362.00 289,828.84 Page 1 EFTA00725876 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI Non-Local Total Tax return line 50230 • Meals (Groceries) Check 01/06/2009 East End Cale 14 14 Check 01/08/2009 Subway 5 5 Check 01/12/2009 East End Cale 14 14 Check 01(30/2009 Latta Cast (AYH) 570 570 Check 02/03/2009 East End Cale 14 14 Check 03/02/2009 Texas Pit 7 7 Check 03/02/2009 East End Cafe 7 7 Check 03/10/2009 East End Cafe 12 12 Check 03/11(2009 Molly Mobile's 13 13 Check 03/1112009 Caribbean Saloon 14 14 Check 03/12/2009 Lane Cart (AYH) 490 490 _ Check 04/20/2009 Texas Pii 10 10 Check 04/20/2009 East End Cale 11 11 Check 05/05/2009 Laths Cart (AYH) 753 753 Check 05/12(2009 Texas Pit 7 7 Check 05/18/2009 Texas Ph 10 10 Check 05/28/2009 Texas Pit 7 7 Check 06/01/2009 East End Cafe 14 14 Check 06/16/2009 Texas Pil 10 10 Check 06/18/2009 Latta Cart (AYH) 693 693 Check 06/22/2009 Subway 6 6 Check 06/23/2009 Texas Pit 7 7 Check 07/06/2009 Texas Pit 20 20 Check 07/13/2009 Texas Pit 10 10 Check 08/05/2009 East End Cale 16 16 Check 08/10(2009 Latta Can (AYH) 471 471 Check 09/22/2009 Subway 8 6 Check 09/28/2009 Texas Pit 7 7 Check 10/07(2009 Latta Carl (AYH) 329 329 Check 1th/15/2009 Audrey -Cake Lady 60 60 Check 10/15/2009 Caribbean Saloon 16 16 Check 10/15/2009 Rosario Spanish Food 21 21 Croat Cara C 10/15/2009 Johnny Mango's 24 24 Check 10/212009 East End Cafe 79 79 Check 10/29/2009 Sutmey 7 7 Check 1W31/2009 Molly Molone's 18 16 Check 11/02/2009 East End Cafe 16 16 Check 11/03/2009 East End Cafe 15 15 Check 11/04/2009 East End Cafe 16 16 Check 11/12)2009 East End Cafe 18 16 EFTA00725877 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI Non-Local Total Tax return line Check .iu•8/2009 Su 4 Check 11/20/2009 East End Cale 16 16 Check 11'24/2009 Letts Cart (AYH) 406 406 Check 12/2112009 East End Cale 16 16 Check 12/22/2009 Caribbean Saloon 21 21 Check 12/28/2009 East End Cale 16 16 Toler 50230 - Meals (Grocenea) 4,311 0 4.311 0 0 Line 19 statement 2 4,311.07 50060 - Membership Dues 50% Check 07/14/2009 3466 AICPA 395 395 2,155.54 Credit Card C 07/27/2009 St. Thomas-St. John Chamber of Corn 500 500 Total 50060 • Membership Dues 896 0 500 396 o 0 50195 • Business License I I I Check 024:15/2009 3420 Government of the Virgin Islands 620 520 Total 50195 . Business License 520 0 520 0 0 0 I I 1,415 0 1,020 396 o Line 19 statement 2 50094 • Continuning Education Check 01/05/2009 3393 Virgin Islands Society ci CPA's 0 0 Check 02/07/2009 3419 it in Islands Society of CPA's 968 968 Check 12/21/2009 3518 Virgin Islands Society of CPA's 360 360 Total 50094 • Contlnuning Education 1,328 1,328 0 o Line 19 statement 2 - _ 50090 • insurance (Insurance) Check 01/12/2009 3410 First Insurance Agency, Inc. 8,811 8,811 Check 01/122009 3410 First Insurance Agency. Inc. 226 226 Check 071142009 3484 Marshall & Sterling Insurance 2.640 2,640 Credit Card C 09/01/2009 First Insurance Agency. Inc. 3.489 3,489 Check 09/01'2009 3483 Insurance Office of Central Ohio 3.570 3,570 Check 10/27/2009 3507 First Insurance Agency. Inc. 8811 8 811 General Jour 12/31'2009 -9,214 -9,214 Total 50090 . Insurance (Insurance) 18,334 2,640 12,124 3,570 o Line 19 sta ement 2 18,334 50160 • Repairs & Maintenance 748 Check 01/06/20093396 ADT - 38146 42 42 19,082 Check 01/06/2009 3398 Xerox CoporatIon • 100819598 49 49 Check 01/06/2009 3399 Xerox Corporation - 959551714 236 236 Check 01/08/2009 3409 Terminlx • USVI 65 65 Check 02/18/2009 3427 Sum McCurry 94 94 Credit Card Credit Card q 02/18/2009 03/05/2009 TermIntx - USVI ADT - 38148 es 42 65 42 132. EFTA00725878 FTC Expenditures EDC Annual report 2009 1/Pe Date Num Name Amount Eligible VI Non-Local Total Tax return line Credit Card C 03/05/2009 ADT - 38146 80 80 Credit Card C 03105/2009 Xerox Corporation - 959551714 236 236 Credit Card C 03/05/2009 Xerox Corporation • 100819598 53 53 Credit Card C 03/05/2009 Xerox Corporation - 100819598 181 181 Credit Card C 03/05/2009 ADT - 38146 42 42 Credit Card C 03/05/2009 Xerox Corporation - 959551714 236 236 Credit Card C 03/18/2009 Xerox Corporation - 100819598 53 53 Credit Card C 03/18/2009 Termlnbc - USVI 65 65 Credit Card C 04/15/2009 ADT - 38146 42 42 Credit Card C 04/15/2009 Xerox Corporation • 959551714 236 236 Credit Card C 04/16/2009 Teminix - USVI 66 65 Credit Card C 04/16/2009 Xerox Corporation - 100819598 53 53 Credit Card C 04/21/2009 Xerox Corporation - 959551714 236 236 Credit Card C 06/27/2009 ADT • 38146 42 42 Credit Card C 06/27/2009 Terminix - USVI 65 65 Credit Card C 06/10/2009 Xerox Corporation • 100819598 53 53 Credit Card C 06110/2009 Xerox Corporation • 100819598 88 88 Credit Card C 06/10/2009 Xerox Corporation • 959551714 236 236 Credit Card C 06/10/2009 Xerox Corporation • 100819598 as 53 Credit Card C 06/10/2009 Terminlx - USVI es 65 Credit Card C 07/09/2009 ADT - 38146 42 42 Credit Card C 07/09/2009 I Xerox Corporation - 959551714 236 236 Credit Card C 07/09/2009 Xerox Corporation • 100819598 53 53 Credit Card C 07/14/2009 Terminix - usvt es 65 Credit Card C 08/07/2009 Xerox Corporation - 959551714 236 236 Credal Card C 08/07/2009 ADT - 38146 42 42 Credit Card C 08/31/2009 Xerox Corporation • 100819598 53 53 Credl Card C 08/31/2009 Xerox Corporation • 100819598 133 133 Credi Card C 09/01/2009 Xerox Corporation - 959551714 236 236 Credit Card C 09/01/2009 ADT • 38146 42 42 Credit Card C 09/01/2009 ADT - 38146 80 80 Credit Card C 09/01/2009 Terrain& • USVI 65 65 Credit Card C 09/17/2009 Xerox Corporation - 100819598 53 53 Credit Card C 09/17/2009 Terrain& - USVI 65 65 Check 09/17/2009 3504 Guardian Protection Systems 0 Check 09/17/2009 3484 Guardian Protection Systems 80 80 Credit Card C 10/09/2009 ADT - 38146 42 42 Credit Card C 10/09/2009 Xerox Corporation • 959551714 236 236 Credit Card C 10/16/2009 Xerox Comer - 100819598 53 53 Credn Card C 10/16/2009 Tenth* - USVI 65 65 Credit Card C 10/16/2009 Termlnix - USVI 40 40 Credit Card C 10/30/2009 Xerox Corporation • 959551714 236 236 B3 EFTA00725879 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI ! Non•Locol Total Tax return line Credit Card C 11/13/2009 ADT • 38146 42 42 Credit Card C 11/13/2009 Terminix - USVI es 65 Credit Card C 12/07/2009 Xerox Corporation • 100819598 53 53 Credit Card C 12/07/2009 Xerox Corporation - 100819598 173 173 Credit Card C 12/07/2009 Xerox Corporation - 959551714 236 236 Credit Card C 12/14/2009 AOT - 38146 42 42 Credit Card C 12/14/2009 Temiinbc - USVI 65 65 Credit Card C 12/14/2009 ADT - 38146 80 80 Credit Card C 12/15/2009 Xerox Corporation • 100819598 53 53 Credit Card C 12/1512009 ADT - 38146 38 38 Credit Card C 12/15/2009 ADT -38148 -38 -38 Total 50160 • Repairs & Maintenance 5,736 1,521 4,215 0 0 Line 9 50190 • Poetage,Dellvery,Exprese Mall Check 01/08/2009 3397 Federal Express, LUSVI) 27 27 Check 01/06/2009 3397 Federal Express, (USVI) 76 76 Check 01/06/2009 3397 Federal Express, (USVI) 86 65 Check 01/06/2009 3397 Federal Express, (USVI 84 84 Check 01/06/2009 United States Postal Service 42 42 Deposit 01/13/2009 Loretta McDonald Morrell -1 -1 Check 01/30,2009 United States Postal Service 54 54 Check 01/3002009 United Slates Postal Service 25 25 Credit Card C 02/10/2009 Federal Express, (USVI) 51 51 Credit Card C 02/1912009 Federal Express, (USVI) 53 53 Credit Card C 02/1012009 Federal Express, (USVI) 51 51 Cheek 02/27/2009 United States Postal Service 24 24 Credit Card C 03/03/2009 Federal Express, (USVI) 170 170 Credit Card C 03105/2009 Federal Express, (USVI) 21 21 Credit Card C 03/05/2009 Federal Express, (USVI)_ 25 25 Credit Card C 03/05/2009 Federal Express, (USVI) 25 25 Check 03/26/2009 United States Postal Service 42 42 Credit Card C 04/08/2009 Federal Express, (USVI) 201 201 Credit Card C 04/09/2009 Federal Express, (USVI) 32 32 Credit Card C 04/09/2009 Federal Express, (USVI) 25 25 Credit Card C 04/09/2009 Federal Express, (USVI) 41 41 Credit Card C 04/16/2009 Federal Express, (USVI) 25 25 Credit Card C 04/20/2009 Federal Express4USVU 25 25 Credit Card C 04/21/2009 Federal Express, (USVI) 25 25 Check 04/29/2009 United States Postal Service 21 21 Check 05/14/2009 U.S. Postal Service 1 1 6`i EFTA00725880 FTC Expenditures E DC Annual report 2009 Type Date Num Name Amount Eligible VI Mon-Local Total Tax return line Credit Card C 05/22/2009 Federal Express. (USVI) 20 20 Credit Card C 05/22/2009 Federal Express. aisvo 40 40 Credit Card C 05/22/2009 Federal Express. (USVI) 68 68 Credit Card C 05/22/2009 Federal Express, (USVI) 36 36 Deposit 05/27/2009 1568 Cede R de Jongh -16 -16 Credit Card C 06102/2009 Federal Express. (USVI) 30 30 ____ _ Credit Card C 0602/2009 Federal Express. (USVI) -30 -30 __— Credit Card C 06/10/2009 Federal Express, (USVI) 47 47 Check 06/26/2009 U.S. Postal Service 44 44 Credit Card C 07/09/2809 Federal Express, (USVI) 16 16 Credit Card C 07/09/2039 Federal Express. (USVI) 36 36 Credit Card C 07/14/2009 Federal Express, (USVQ 89 89 Deposit 07/30/2009 Cede R. de JOrbil -28 -28 Check 07/31/2009 U.S. Postal Service 22 22 Credit Card C 08/17/2009 Federal Express. (USVI) 28 28 Credit Card C 08/17/2009 Federal Express. (USVI) 20 20 Credit Card C 08/17/2009 Federal Express. (USW) 37 37 Deposit 08/26/2009 1598 Cecile R. de Jongh -208 -208 Credit Card C 08/31/2009 Federal Express. (USVI) 32 32 Credit Card C 08/31/2009 Federal Express. (USVI) 236 236 Credit Card C 09/01/2009 Federal Express. (USA) 115 115 Credit Card C 09/17/2009 Federal Express. (USVI) 21 21 Credit Card C 09/17/2009 Federal Express. (USVI) 43 43 Credit Card C 10/09/2009 Federal Express. (USVI) 17 17 Credit Card C 10/09/2009 Federal Express, (USVI) 88 88 Deposit 10/13/2009 Jeanne Brennan Wiebracht -21 -21 Credit Card C 1022/2009 Federal Express. (USVI) 38 38 Credit Card C 10/22/2009 Federal Express. (USVI) 17 17 Check 10/30/2009 United States Postal service 66 66 Credit Card C 11/13/2009 Federal Express, (USVI) 53 53 Credit Card C 11/13/2009 Federal Express, (USVI) 24 24 Deposit 11/25/2009 1636 Cecile R de Jongh -17 -17 Credit Card C 11/302009 Federal Express, (USVI) 47 47 Credit Card C 12/04/2009 Federal Express, (USVI) 26 25 Credit Card C 12/04/2009 Federal Express, (USVI) 17 17 Total 50190 • Postage.DelNery.Express Mail 2.284 0 2,284 o 0 Line 19 statement 2 50200 • Travel (Transportation exp) 50210 . Local Transportation Check 01/01/2009 Loretta McDonald Morrell 125 125 EFTA00725881 FTC Expenditures EDC Annual report 2009 Tyco Date Num Name Amount Eligible VI Non-Local Total Tax return line Check 02/02/2009 Loretta McDonald fv1orrell 125 125 Check 03/02/2009 Loretta McDonald Morrell 125 125 Check 04/02/2009 Loretta McDonald Morrell 125 125 Check 05/04/2009 Loretta McDonald Morrell 126 125 Check 05/19/2009 Loretta McDonald Morrell 125 125 Check 06262009 3463 Loretta McDonald Morrell 125 125 Check 08/04/2009 Loretta McDonald Morrell 126 125 Check 09/02/2009 Loretta McDonald Morrell 125 125 Check 10/02/2009 Loretta McDonald Morrell 125 125 Check 11/04/2009 Jermalne A. Roan 10 10 Check 11/08/2009 Loretta McDonald Morrell 125 125 Check 11/17/2009 Airport Parking 2 2 Check 12/03/2009 Loretta McDonald Morrell 125 125 Total 50210. Local Transportation 1,512 0 1,612 0 0 0 60219. Park ng & Mist. Check 01$38/2009 3408 American Yacht Harbor 500 500 Credit Card C 02/18/2009 American Yacht Harbor 500 500 Credit Card C 03e20/2009 American Yacht Harbor 600 500 Credit Card C 04/20/2039 American Yacht Harbor 600 500 Check 04/23/2009 Parking 2 2 Check 04/27/2009 Parking 4 4 Credit Card C 05/22/2009 American Yacht Harbor 100 100 Credit Card C 06/19/2009 American Yacht Harbor 500 500 Credit Card C 07/09/2009 American Yacht Harbor 500 500 Credit Card C 08/17/2009 American Yacht Harbor 500 500 Credit Card C 09/17/2009 American Yacht Harbor 600 500 Credit Card C 10/14/2009 American Yacht Harbor 300 300 Credit Card C 11/20/2009 American Yacht Harbor 300 300 Credit Card C 12/08/2009 American Yacht Harbor 300 300 Total 50219 - Parking & Misc. 5,008 0 5,006 0 0 0 Total 5.0200 • Travel (Transportation exp) 6,518 o 6,518 o 0 Line 19 statement 2 I 50170 • Business expense I Credit Card C 06/10/2009 St. Thomas-St. John Chamber of Corn 3,000 3,000 Total 50170 . Business expense 3,000 0 3,000 0 0 0 80250. Office Supply & Expense (Office supplies & expenses) Credit Card C 01/06/2009 Office Max 76 76 Check 01/12/2009 La Providence Laundromat 3 3 Check 01/13/2009 The Draughting Shalt 5 5 64. EFTA00725882 FTC Expenditures EDC Annual report 2009 ?Ye* Dale Num Name Amount Eligible VI Non-Local Total Tax return line Check 01/13/2009 PC Paradise, Inc. 25 25 Check 01/15/2009 Chelsea Drug Store 3 3 Deposit 02103/2009 -91 -VI Check 02/05/2009 3421 Edward E. LeBron, Sr. 0 0 Check 02052009 3422 LeBron & Associates Consulting Servk 150 150 Check 02/18/2009 3426 Express Press 169 169 Check 02/27/2009 3432 Express Press 226 225 Credit Card C 03/05/2009 Tax Materials Inc. 90 90 Credit Card C 03/05/2009 Office Max 231 231 Credit Card C 03/05/2009 Amaon.Com 53 53 Credit Card C 03/06/2009 Office Max 241 241 Credit Card C 03/06/2009 Intuit 'CB Payroll 378 378 Credit Card C 03/06/2009 Office Max 167 157 Credit Card C 03/06/2009 VIP Awards & Engraving 330 330 Check 03/12/2009 3437 PC Paradise, Inc. 25 25 Check 03/12/2009 K-Mart 17 17 Check 03/262009 K-Mart 45 45 Credit Card C 04/03/2009 Cost-U.Less 291 291 Check 04/16/2009 3446 Executive Office Equipment 788 788 Check 04/23/2009 La Providence Landrum& 7 7 Check 05/19/2009 3453 PC Paradise, Inc. 30 30 Credit Card C 0512O2009 Executive Office Equipment 728 728 Credit Card C 05/2W2009 Intuit 145 145 Credit Card C 05/20/2009 Office Max 311 311 Check 08/01/2009 Ace Hardware 8 8 Check 06/15/2009 Office Max 47 47 Check 06/18/2009 K-Man 4 4 Check 06/18/2009 Office Max 106 108 Check 08/19/2009 Chelsea Drug Store 7 7 Check 06/19/2009 East End Flower Shop 55 55 Check 06/26/2009 K-Marl 8 8 Check 07/06/2009 Food Center 19 19 Check 07/14/2009 Red Hook Ace 7 7 Check 07/31/2009 Blade & Key Center 8 8 Check 08/03/2009 Blade & Key Center 5 5 Check 08/04/2009 3473 Universal Business Supplies 286 286 Credit Card C 08/11/2009 Executive Office Equipment 388 388 Check 08/17/2009 Office Max 115 115 Credit Card C 08/18/2009 PC Paradise. Inc. 280 280 Credit Card C 08/18/2009 PC Paradise, Inc. 30 30 Check 08/202009 La Providence Laundromat 15 15 Check 08/20/2009 Red Hook Ace 20 20 61 EFTA00725883 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI Non-Local , Total Tax return Nne Check 09/02/2009 K•Marl 18 18 Check 09/03/2009 Red Hook Ace 38 38 Check 09/08/2009 Blade & Key Center 8 8 Check 09/21/2009 Red Hook Ace 6 5 Check 09/21/2009 Red Hook Ace 58 58 Check 10/08/2009 3488 Alfonso's Fire Safely 85 85 Credit Card C.‘ 10/13/2009 Office Max 383 38,3 Check 10/15/2009 Chelsea DrugStore 18 18 Credit Card C 10/15/2009 East End Flower Shop 35 35 —I Check 10/21/2009 Sandra Office Service 5 5 Check 10/21/2009 Food Center _ 24 24 Check 10/31/2009 13 13 Check 11103/2009 3511 Jackson Cleaning Services, LLC 760 750 Check 11105/2009 La Providence Laundromat 7 7 _____ _ Credt Card C 11/13/2009 Island Business Graphics 217 217 Credit Card C 11/17/2009 Office Max 132 132 Credit Card C 11/17/2009 Cost-U-Less 228 228 Check 11/30/2009 26 25 Check 11/30/2009 Red Hook Ace 30 30 Credit Card C 12/01/2009 PC Paradise, Inc. 160 150 Credil Card C 12/01)2009 Sprintpcs 100 100 Check 12/02/2009 Chelsea Drug Store 38 36 Credit Card C 12/07/2009 Executive Office Equipment 776 776 Credit Card C 12/08/2009 Tax Materials Inc. es 65 Check 12/18/2009 K-Man 19 19 Credit Card C 12/21/2009 TCD-TTA- Research & CPE 75 75 Check 12/30/2009 La Providence Laundromat 19 19 Check 12/30/2009 Red Hook Ace 14 14 Check 12/30/2009 13 13 Total 50250 • Office Simply & Expense (Office supplies & expenses) 9,185 3,709 4,671 808 0 -0 50255 • Kitchen Supplies Check 01/06/2009 3403 Marina Markel 341 341 Check 01/06/2009 3404 Cost-U-Less 304 304 Check 01/12/2009 3411 Virgin Beverages, Inc. 39 39 Check 02404/2009 Island Marine Outfitters 6 6 Credit Card C 02/10/2009 Marina Market 407 407 Deposit 02/18/2009 Ann M. Rodriguez -3 -3 Check 0328/2009 Food Center 8 8 Deposit 03/26/2009 4 4 Check 04/02/2009 3438 Virgin Beverages. Inc. 62 52 Credit Card C 04/03/2009 Cost-U-Less 277 277 Credit Card C 04/08/2009 Marina Markel 346 346 EFTA00725884 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI Non-Local Total Tax return line Deposit 04/28/2009 •18 -18 Check 051042009 Cost-U-Less 22 22 Deposit 05/19/2009 Mn M. Rodriguez -9 -9 Check 06/02/2009 3457 Virgin Beverages, Inc 85 85 Credit Card C 06/25/2009 Cost-U-Less 170 170 Crest Card C 06/25/2009 Cost-U-Less 189 189 Credit Card C 06/25/2009 Cost-U-Less 238 238 Credit Card C 06/25/2009 Cost-U-Less 152 152 Check 07/14/2009 3465 Virgin Beverages, Inc. 33 33 Check 07/27/2009 Maestri Market 4 4 Deposit 0810412009 Mn M. Rodriguez -11 -11 Credit Card C 0917/2009 Marina Market 321 321 Credit Card C 08/17/2009 Marina Market 382 382 Credit Card C 08/17/2009 Marina Market 358 358 Credit Card C 08/17/2009 Marina Market 398 396 Credit Card C 08/17/2009 Marina Market 279 279 Credit Card C 09/17/2009 Marina Market 317 317 Credit Card C 09/22/2009 Cosl-U-Less 136 136 Check 10/06/2009 3487 Virgin Beverages, Inc. 62 52 Credit Card C 10/16/2009 Marina Markel 256 256 Credit Card C 11/17/2009 Cost-U-Less 232 232 Credit Card C 11/17/2009 K-Mart 260 260 Credit Card C 11/17/2009 Cost-U-Less 261 261 Credit Card C 11/17/2009 Cosl-U-Less 292 292 Credit Card C 11/24/2009 Marina Market 214 214 Credit Card C 12/15/2009 Marina Market 276 276 Deposit 12/22/2009 Daphne L. Wallace -7 -7 Total 50255 • Krichen Suppl es 0854 0 6,854 0 0 0 54959 - Other Miscellaneous Check 05/09/2009 Kyle Steward 40 40 Check 05/09/2009 Mallard Rodriguez 40 40 Check 0923/2009 Mmaud Rodriquez 20 20 Check 12/302009 Ahrnaud Rodriguez 29 29 Total 54959 • Other Miscellaneous 129 0 129 0 0 &MAW 18.969 3,709 14,454 806 0 Une 19 statement 2 50400 • Professional 50402 - Accounting Fess Check 05/14/2039 3189 George V. Deleon AssoCiateS 66.078 65,078 6, EFTA00725885 FTC Expenditures EDC Annual report 2009 I Type Dale Num Name Amount Eligible VI Non•Local Total Tax return line Total 50402 • Accounting Fees 65.078 0 0 65,078 0 50404 • Other Check 10/06/2009 3491 Daphne L. Wallace 504 504 Total 50404 . Other 504 0 504 0 0 60410 • Legal Fees Check 01/07/2009 3406 Law Offices of Hodge & Francois 1,400 1,400 Check 01/13/2009 3412 Law Offices of Hodge & Francois 0 0 Check 02/18/2009 3425 Law Offices of Hodge & Francois 6.550 6,550 Check 02/18/2009 3425 Law Offices of Hodge & Francc4s 2.850 2,650 Check 03105/2009 3433 Law Offices of Hodge & Francois 4.468 4,468 Check 03/10/2009 3434 Law Offices of Hodge & Francois 4.478 4,478 Check 03/16/2009 EFT Kirkland & Ellis LLP 12,635 12,635 Check 03/312009 take Storch Mini & Minims, P.C. 25,000 25,000 Check 04/02/2009 3443 Law Offices of Hodge & Francois 105 105 Check 04/24/2009 3448 Law Offices of Hodge & Francois 323 323 Check 05/27/2009 EFT Law Office of Join K. Dern, P.C. 25,000 25,000 Check 06/01/2009 3456 Law Offices of Hodge & Francois 6 6 Check 06/01/2009 3456 Law Offices of Hodge & Francois 700 700 Check 06/01/2009 3456 Law Offices of Hodge & Francois 805 805 Check 07/06/2009 3471 Law Offices of Hodge & Francois 1,248 1,248 Check 07/21/2009 3489 Law Offices of Hodge & Francois 75 75 Check 07/29/2009 EFT Kindand & Ellis LLP 217,498 217,498 Check 08/11/2009 3481 Law Offices of Hodge & Francois 140 140 Check 08h3/2009 Wire Susman Godfrey LLP 25,000 25,000 Check 10/06/2009 3486 Law Offices of Hodge & Francois 1.385 1,365 Check 10/06/2009 3489 Law Offices of Hodge & Francois 57 57 Check 10/06/2009 2 Law Office of John K. Coma, P.C. 25.000 25,000 Check 10/202009 3500 Law Offices of Hodge & Francois 70 70 Check 11/10,2009 Wire Susman Godfrey LLP 37498 37,096 Check 12/08/2009 4 Law Office of John K. Data, P.C. 40.000 40,000 Total 50410 • Legal Fees 431.867 0 114,639 317,228 0 Told 50400 - Professional 497,449 0 115,143 382,306 o Line 19 statement 2 51150 • Rent (Office Rent) 51152 • Rent Check 01/08/2009 3408 American Yacht Harbor 6,629 6,629 Credit Card C 02/18/2009 American Yacht Harbor 6,629 6,629 Credit Card C 03/202009 American Yacht Harbor 8,629 6,629 Credit Card C 04/20/2009 American Yacht Harbor 8629 6,629 Credit Card C 05=2009 American Yacht Harbor 851 851 Credit Card C 06/19/2009 American Yacht Harbor 8,629 6,629 Credit Card C 07/09/2009 American Yacht Harbor 6,629 6,629 Credit Card C, 08/17/2009 American Yacht Harbor 8629 6,629 6/d EFTA00725886 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI Non-Local Total Tax return line Credit Card C 09/17/2009 American Yacht Harbor 6,829 6,629 Credit Card C 10/14/2009 American Yacht Harbor 8,829 6,629 Credit Card C 11/20/2009 American Yacht Harbor 8,829 6,629 Credit Card C 12108/2009 American Yacht Harbor 6,829 6,629 Total 61162 • Rent 73,771 0 73,771 0 0 51154 • CAM (Common Area Maintenance) Check 01/08/2009 3408 American Yacht Harbor 1,517 1,517 Credit Card C 02/18/2009 American Yacht Harbor 1,617 1,517 Credit Card C 02/18/2039 American Yacht Harbor 233 233 Credit Card C 02/18/2009 American Yacht Harbor 233 233 Credit Card C 03/20/2009 American Yacht Harbor 1,617 1,517 Credit Card C 03/20/2009 American Yacht Harbor 233 233 Credit Card C 04/20/2009 American Yacht Harbor 1,750 1,750 Credit Card C 06/22/2009 American Yacht Harbor 758 756 Credit Card C 08/19/2009 American Yacht Harbor 1,750 1,750 Credit Card C 07/09/2009 American Yacht Harbor 1,750 1,750 Credit Card C 08117/2009 American Yacht Harbor 1,750 1,750 Credit Card C 09/17/2009 American Yacht Harbor 1,750 1,750 Credit Card C 10/14/2009 American Yacht Harbor 1,760 1,750 Credit Card C 11/20/2009 American Yacht Harbor 1,750 1,750 Credit Card C 12/0812009 American Yacht Harbor 1,760 1,750 Total 51154 . CAM (Common Area Maintenance) 20,006 0 20,008 0 0 Total 51150 • Rent (Office Rent) 93,779 0 93,779 0 0 Une 11 51280 • Adve Using I Check 01/18/2009 3416 Virgin Islands Source 275 275 Credit Card C 04/16/2009 The Virgin Islands Daily News 476 476 Check 08/04/2009 3474 Virgin Islands Source 275 275 Credit Card C 08/07/2009 The Virgin Islands Daily Neva 773 773 Total 51260 - Advertising 1,798 0 1,798 0 0 Une 16 61300 • EDC/ IDC -Co•op Marketing Fee 61301 • Co - Op Marketing gee I 'Chad( 10/23/2009 3700 Economic Development Commission 12,600 12,500 Total 61301 • Co - Op Marketing gee 12.500 12,600 0 0 0 51305 • Annual Compliance Fee I (Check 01/16/2009 3414 Economic Development Commission 1.500 1,500 Total 51305. Ammal Compliance Fee 1,500 1,500 0 0 0 51308 • EDC renewal expense I (Check 01/09/2009 3188 Economic Development Commission 6,000 5,000 Total 51306 - EDC renews expense 5,000 6,000 0 0 0 Total 51300 • EDC/ IDC -Co-op Marketing Fee 19,000 19,000 0 0 0 Une 19 statement 2 53000 • Utilities (Water, Gas, Electric) I 153002 • Electric (Gas and Electricity) g• EFTA00725887 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI Non-Local Total Tax return line Check 01/08/2C09 3408 American Yacht Harbor 562 562 Check 01108/2009 3406 American Yacht Harbor 25 25 Credit Card C 02/18/2009 American Yacht Harbor 25 25 Credit Card C 02/18/2009 American Yacht Harbor 414 414 Credit Card C 03/20/2009 American Yacht Harbor 25 25 Credit Card C 03/20/2009 American Yacht Harbor 411 411 Credit Card C 04/20/2009 American Yacht Harbor 25 25 Credit Card C 04/20/2009 American Yacht Harbor 341 341 Credit Card c,, 05/22/2009 American Yacht Harbor 35 35 Credit Card C 05/22/2009 American Yacht Harbor 374 374 Credit Card C 06/19/2009 American Yacht Harbor 25 25 Credit Card C 06//19/2009 American Yacht Harbor 352 352 Credit Card C 07/09/2009 American Yacht Harbor 25 25 Credit Card C 07/09/2009 American Yacht Harbor 474 474 Credit Card C 08/17/2009 American Yacht Harbor 25 25 Credit Card C 08/17/2009 American Yacht Harbor 607 607 Credit Card C 09/17/2009 American Yacht Harbor 25 25 Credit Card C 09117/2009 American Yacht Harbor 706 706 Credit Card C 10/14/2009 American Yacht Harbor 25 25 Credit Card C 10/142009 American Yacht Harbor 833 633 Credit Card C 11/20/2009 American Yacht Harbor 25 25 Credit Card C 11/20/2009 American Yacht Harbor 692 692 Credit Card C 12/08/2009 American Yacht Harbor 25 25 Credit Card C 12/08/2009 American Yacht Harbor 659 659 Total 53002 • Electric (Gas and Electricity) 8,535 0 6,535 53004 • Water (Water) Check 01/08/2009 3408 American Yacht Harbor 227 227 Credit Card C 02/18/2009 American Yacht Harbor 479 479 Credit Card 03/20/2009 American Yacht Harbor 501 501 Credit Card C 04/20/2009 American Yacht Harbor 153 153 Credit CardC 05/22/2009 American Yacht Harbor 239 239 Credit Card C 06/19/2009 American Yacht Harbor 149 149 Credit Card C 07/09/2009 American Yacht Harbor 191 191 Credit Card C 08/17/2009 American Yacht Harbor 151 151 Credit Card C 09/17/2009 American Yacht Harbor 72 72 Credit Card C 10/14/2009 American Yacht Harbor 234 234 Credit Card C 11/20/2009 American Yacht Harbor 95 95 Credit Card C 12/08/2009 American Yacht Harbor 5 5 Total 53004 • Water (Wate 2,493 0 2.493 53008 • Telephone (Telephone Expense Check 01/06/2009 3402 Innovative Telephone 70 70 Check 01/06/2009 3402 Innovative Telephone 70 70 EFTA00725888 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI Non-Local Total Tax return Nne Check 01/06/2009 3402 Innovative Telephone 70 70 01/06/2009 3402 Innovative Telephone r 813 813 Check F Check 01/08/2009 3407 AT&T I 120 120 Paycheck 01/16/2009 EFT JenneIna A. Ruan •75 -75 Paycheck 01/30/2009 EFT Jennaine A. Ruan 76 75 Credit Card C 02/10/2009 AT&T 122 122 Credit Card C 02/13/2009 Innovative Telephone 479 479 ___ Credit Card C 02/13/2009 Innovative Telephone 70 70 Credit Card C 02/13/2009 Innovative Telephone 70 70 Credit Card C 02/13/2009 Innovative Telephone 70 70 Credit Card C 03/03/2009 Innovative Telephone 668 666 Credit Card C 03/03/2009 Innovative Telephone 70 70 Credit Card C 03/03/2009 Innovative Telephone 70 70 Credit Card C 03/03/2009 Innovative Telephone 70 70 Credit Card C 04/15/2009 AT&T 130 130 Credit Card C 04/15/2009 Innovative Telephone 1080 1,180 Credit Card C 04/15/2009 Innovative Telephone 70 70 Credit Card C 04/15/2009 Innovative Telephone 70 70 Credit Card C 04/15=09 Innovative Telephone 70 70 Credit Card C 04/20/2009 AT&T 139 139 Credit Card C 05/18/2009 Innovative Telephone 584 584 Credit Card C 06/18/2009 Innovative Telephone 70 70 Credit Card C 05/18/2009 Innovative Telephone 70 70 Credit Card C 05/18/2009 Innovative Telephone 70 70 Credit Card C 05/22/2009 AT&T 177 177 Credit Card C 06/11/2009 Innovative Telephone -425 -425 Credit Card C 08111/2009 Innovative Telephone 671 671 Credit Card C 06/11/2009 Innovative Telephone 70 70 Credit Card C 06/11/2009 Innovative Telephone 70 70 Credo Card C 06/11/2009 Innovative Telephone 70 70 Credit Card C 07/06t2009 Innovative Telephone 670 670 Credo Card C 07/06/2009 Innovative Telephone 70 70 Credit Card C 07/06/2009 Innovative Telephone 70 70 Credit Card C 07/06/2009 Innovative Telephone 70 70 Credit Card C 07/09/2009 AT&T 189 189 Credit Card C 07/14/2009 AT&T 142 142 Paycheck 07/31/2009 EFT Jermaine A. Ruan •75 -75 Credit Card C 06/11/2009 AT&T 147 147 Credit Card C 08/14/2009 Innovative Telephone 669 669 Credit Card C 08/14/2009 Innovative Telephone 70 70 Credit Card C 08/14/2009 Innovative Telephone 70 70 Credit Card C 08/14/2009 Innovative Telephone 70 70 1313 EFTA00725889 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI Non-Local Total Tax return line _ Paycheck 08/14/2009 EFT Jermaine A. Ruan -75 -75 Paycheck 08/28/2009 EFT Jermaine A. Ruan -76 -75 Paycheck 09/11/2009 EFT Jermaine A. Ruan -75 -75 Credit CardC 09/17/2009 AT&T 168 168 Credit Card C 09/17/2009 Innovative Telephone 669 669 Credit Card C 09/17/2009 Innovative Telephone 70 70 Credit Card C 09/17/2009 Innovative Telephone 70 70 Credit Card C 09/17/2009 Innovattve Telephone 70 70 Paycheck 09/25/2009 EFT Jermaine A. Ruan -0 -0 Credit Card C 10/16/2009 Innovative Telephone 666 666 Credit Card C 10/16/2009 Innovative Telephone 70 70 Credit Card C 10/16/2009 Innovative Telephone 70 70 Credit Card C 10/16/2009 Innovative Telephone 70 70 Credit CardC 10/162009 AT&T 197 197 Paycheck 16123/2009 EFT Jermalne A. Ruan -75 -75 Paycheck 11/06/2009 EFT Jermaine A. Ruan -75 -75 Credit Card0 11/13/2009 Innovative Telephone 669 669 Credit CardC 11/13/2009 Innovative Telephone 70 70 Credit Card C 11/13/2009 Innovative Telephone 70 70 Credit Card C 11/13/2009 Innovative Telephone 70 70 Credit CardC 11/20/2009 AT&T 162 162 Paycheck 11/20/2009 EFT Jermaine A. Ruan -75 -75 Deposit 12,02/2009 Mn M. Rodriguez -se -58 Paycheck 12/04/2009 EFT Jermaine A. Ruan -75 -75 Credit Card C 12/14/2009 Innovative Telephone 665 665 Credit Card C 12/14/2009 Innovative Telephone 70 70 Credit Card C 12/14/2009 Innovative Telephone 70 70 Credit Card C 12/14/2009 Innovative Telephone 70 70 Credit CardC 12/15/2009 AT&T 106 106 Paycheck 12/18/2009 EFT Jermaine A. Ruan -75 -75 Credit Card C 12/21/2009 AT & T Mobility 370 370 Paycheck 12/30/2009 EFT Jermaine A. Ruan -75 -75 Total 53008 • Telephone (Telephone Evens.) 11,851 0 11,851 0 0 53009 • T-1 lines Check 02/04/2000 3424 Sprint 1,381 1,381 Check 02/27/2009 3430 Sprint 1,381 1,381 Check 04/02/2009 3440 Sprint 1,381 1,381 Check 04/20/2009 3446 Sprint 1,381 1,381 Check _ 05/19/2009 . . ... 3451 Sprint 1,381 1,381 Check 06/22/2009 3461 Sprint 1,381 1,381 Credit CardC 07/14/2009 Sprint 1,381 1,381 Credit Crud C 07/14/2000 Spent -115 -115 Big EFTA00725890 FTC Expenditures EDC Annual report 2009 Type Date Num Name Amount Eligible VI Non-Local Total Tax return line Credit Card C 08/31/2009 Sprint 1,381 1,381 Credit Card C 10/22/2009 Sprint 1,381 1,381 Credit Card C 10/22/2009 Sprint 1,381 1,381 Credit Card C 11/24/2009 Sprint 1,381 1,381 Total 53009 • T-1 lines 15,074 0 15,074 0 0 Total 53000 • Utilities (Water, Gas, Electric) 35,952 0 35,952 0 0 line 19 statement 2 54950 • Misc (Miscellaneous) 26,924 54952 • Bank Charge (Bank Chap) 9,028 General Joun 01/01/2009 0 0 35,952 Check 01/06/2009 27 Merrill Lynch 300 300 Credit Card C 03/06/2009 FIA Card Service 5588-4691.0022.296 39 39 General Joan 03/10/2009 10 10 General Joun 03/17/2009 10 10 Credit Card C 04/03/2009 FIA Card Service 5588-4691-0022-295 -39 -39 Chock 04/07/2009 FEE First Bank 10 10 Check 04/29/2009 FEE First Bank 10 10 Check 05/04/2009 fee First Bank 10 10 Check 05/18/2009 28 Merrill Lynch 30 30 Check 06/02/2009 FEE First Bank 10 10 Check 06/03/2009 FEE First Bank 10 10 Credit Card C 06/25/2009 FIA Card Service 5588-46914022-295 -1 -1 Check 06/29/2009 FEE First Bank 10 10 Deposil 07/06/2009 -38 -38 Check 08/06/2009 FEE First Bank 10 10 Check 08/24/2009 FEE First Bank 10 10 Check 08/28/2009 FEE First Bank 2 2 Check 08/28/2009 FEE First Bank 0 0 Check 08/28/2009 FEE First Bank 1 1 Chock 08/28/2009 FEE First Bank 0 0 Check 08/28/2009 FEE First Bank 10 10 Check 08/28/2009 FEE First Bank 10 10 Check 08/28/2009 FEE First Bank 1 1 Credit Card C 08/31/2009 FIA Card Service 5588-4691-0022-295 35 35 Check 0002/2009 FEE First Bank 10 10 Check 09/29/2009 FEE First Bank 10 10 Check 09/30/2009 FEE First Bank 1 1 Check 09/30/2009 FEE First Bank 10 10 Check 09/30/2009 FEE First Bank 2 2 Check 09/30/2009 FEE First Bank 10 10 Cheek 1027/2009 3 JP Morgan 13.606 13,606 Check 101312009 21 21 Deposit 11/02/2009 -13,606 -13,606 EFTA00725891 FTC Expenditures EDC Annual report 2009 Type I Date Num Name Amount Eligible VI Non•Local Total Tax return line Check 11/30/2009 21 21 Check 12/31/2009 21 21 Total 54952. Bank Charge (Bank Charge 554 0 554 0 0 Line 19 statement 2 54954 • Rubbish Removal Check 01/08/2009 3408 American Yacht Harbor 50 50 Credit Card C 02/18/2009 American Yacht Harbor 50 50 Credit Card C 03/20/2009 American Yacht Harbor 50 50 Credit Card C 04/20/2009 American Yacht Harbor 50 50 Credit Card C 06/22/2009 American Yacht Harbor 0 0 Credit Card C 06/19/2009 American Yacht Harbor 50 50 Credit Card C 07/09/2009 American Yacht Harbor 50 50 Credit Card C 08/17/2009 American Yacht Harbor 50 50 Credit Card C 09/17/2039 American Yacht Harbor 50 50 Credit Card C 10/14/2009 American Yacht Harbor 50 50 Credit Card C 11/20/2039 American Yacht Harbor 50 50 Credit Card C 12/08/2009 American Yacht Harbor 60 50 Total 54954 • Rubbish Removal 550 0 550 0 0 Line 19 statement 2 50300. AutolAutomoblie Expenses) 50311 • Fuel (Auto Fuel) Check 08/01/2009 Loretta McDonald Morrell 5 5 Total 50311 • Fuel (Auto Fuel) 5 0 5 0 0 50314 • Repairs & Maintenance (Repairs & Maintenance) Check 02/13/2009 Splash & Dash 15 15 Check 04/27/2009 Splash & Dash 20 20 Check 05/27/2009 Splash & Dash 17 17 Check 10/13/2009 Motor Vehicle Bureau 25 25 Total 60314 • Repairs & Maintenance (Repairs & Maintenance) 77 0 77 0 0 Total 50300 • Auto (Automobile Expenses 82 0 82 0 o Line 19 statement 2 54950 • MIsc (Miscellaneous) - Other General Jour 12/31/2009 -0 -0 General Jour 12/31/2009 -0 -0 Total 54950. Misc (Miscellaneous) - Other -o 0 -0 0 0 Total 54950 Misc (Miscellaneous) 1.185 0 1,185 o o Line 19 statement 2 708,058 28,869 294,112 387,077 0 f 708,058 1316 ;-hc. A rl n‘.4 el rcpork Tv- cod tsPbr o EXTENSION ATTACHED OFFICE COPY ..„•1120S U.S. Income Tax Return for an S Corporation OMB No. l$45-0130 * Do not fde this form unless the corporation has flied or Is OvanoffotonneVener UdeowlftaisaW*e attaching Form 2653 to elect to be an S corporation. P See separate instructions. 2009 PO( Ca en= year LIMY or faX year manning any enoin9 As seam diSe dale ota Name D Eanfoyw identification named 01/01/1999 In FINANCIAL TRUST COMPANY, INC. B Buenos wail coda ilk. Number, street. androom or suite no. OM. box see instructions. arancrow "Ia'• 6100 RED HOOKS QUARTERS SUITE 3B 11/6/1998 C Chute salM-3 attachod Inrests- City or town, state. and ZIP code F Tote awns (see instructions) MC ST THOMAS VI, 00802 5 314719222 G is the corporation electing to be an S corporation beginning whit this taxyear? LJ Yes L f No If 'Yes; attach Form 2553 if rice already filed H Check It (1) Final return (2) Name change (3) D Address change (4) Amended return (5) S election termination or revocation I Enter the number of shareholders who were shareholders during any part of the taxyear ► caUCI011. MOOD. any IMO. Or DU MSS In Come ano nseson as 7a Inrieign (I ace toe friarUCTWS Mr !In uuormaacn. GranMIMS 1a ,,,, 100000 I b las teu„,„,,, aro creel IcBal► tc , rifiam 2 Cost of goods sold (ScheduleA One 8) 2 1 3 Gross profit. Subtract One 2 Iran line 1c 100000 2 4 Net gain (loss) from Form 4797, Pettit fine 17 (attach Form 4797) - 5 Other income (loss) (see instructions - attach statement) Statement 1 5 aiiiiiiialbe 6 Total Income (kest Add lines 3 through 5 PP. 6 -15200946 7 Compensation of officers Ate C 414430 /IV II,' c. 8 Salaries and wages (less employment treats) ' -- 2 304281 i 9 Repairs and maintenance 9 ..tar43, 5736 E 10 Bad debts a 10 i is 11 Rents Pa1 In 11 ro " r ro4x- 93779 A C • 50905 _8 12 Taxes and fcenses 415%49 4 GI 3 `13/1 a t 13 Interest 4.„ 0. (\t„ 13 • C: 0 P. 14 Depredation not claimed on Schedule A or elsewhere an return (attach Form 4562) 14 29362 : 15 Depletion (Do not deduct a and gas depletion.) 15 - at 16 Advertising 16 1798 g 17 Pension. pmfit-sharing, etc, plans 17 15837 t I biT Iffla)S3V 137439 o 18 Employee benefd programs 18 '0 19 Other deductions (attach statement) Statement 2 19 649870 0 20 Total deductions. Add Ones 7 through 19 0. 20 1703441 21 Ordinary business income (loss). Subtract line 20 from One 6 21 —16904387 22 a Excess net passive income or LIFO recapture tax (see instructions) 22a b Tax from Schedule 0 (Form 1120$) 22b Tax and Payments c Add lines 22a and 226 (see instil:crates rce national faxes) tc 23a 2009 estimated tax payments and 2008 overpayment credited to 2009 23a b Tax deposited vAth Form 7004 23b o Credit for federal tax paid on fuels (attach Form 4136) 21e d Add lines 23a through 23c ad 24 Estimated tax penalty (see instructions). Check if Form 2220 is attached ►Q 74 25 Amount owed. If One 23d is smaller than the total of lines 22c and 24, enter amount owed 25 26 Overpayment If line 23d is larger than the total of lines 22c and 24, enter arnount overpaid 26 27 Enter amount from fine 26 Credited to 2010 estimated tax * Refunded * 27 UK* ening of *cloy. I *dare Mantra eurrinal tit ma inesuctew •OCCOOM)1119 Idtralliff ono earturst end to the wader. imam** am taist. it 4 me. correa. :Ad temples Oecitrakn of prepare* (*1st then Unipayen it Weed on en :Initial of .Moor ornate het any knowledge May V* OtSriscuis Ilinturn with n UM Veen' atom 1:460. 0.11 Hee Xatafaienn1 X Yes No I Signature of Otter Tide Preparers (Si geweeg V. Date Clunk gulf- Pr•Pares SSW 0r PTIN Paid anneal* 413110 eaaple Preparer's rim% mem 0 . George V. Deleon Associates mr Use Only yours if stif„ pbodx 885 2nd Avenue 26th P1 address. and 2IP code NYC, NY 10017 phone • For Privacy Act and Paperwork Reduction Act Notice, see separate Instructions. Font 1120S (2009) JSA 9C14104.010 EFTA00725892 Form 11205 (2009) Page 2 Schedule A Cost of Goods Sold (see instructions) 1 Inventory at beginning of year 1 2 Purchases 2 3 Cost of labor 3 4 Additional section 263A costs (attach statement) 4 5 Other costs (attach statement) 5 6 Total. Add lines 1 through 5 6 7 Inventory at end of year 7 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, Ina 2 8 9a CheAall methods used for valuing closing inventory. (fi ❑ Cost as described in Regulations section 1.471-3 (ii) Lower of cost or market as described In Regulations section 1.4714 (HO_ Other (Specify method used and attach explanation.) ► b Check if there was a writedown of subnormal goods as described in Regulations section 1.471.2(c) c Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) d If the LEO inventory method was used for this tax year, enter percentage (or amounts) of closing I inventory computed under LIFO a I ad If property is produced or acquired for resale, do the rules of section 263A apply to the corporation? f Was there any change in determining quantities, cost, or valuations between opening and dosing inventory?, H H Yes Yes No No If "Yes•• attach wvlanation Schedule B Other Information (see instructions) Yes No 1 Check accounting method: a EI Cash b ❑ Accrual c ❑ Other (specify) Iii. 2 See the instructions and enter the: a Business samty),. Financial services b Product or „ Nee i. Pinanci.al services 3 At the end of the tax year. did the corporation own, directly or indirectly, 50% or more of the voting stock of a domestic corporation? (For rules of attnbution, see section 267(c).) If "Yes; attach a statement showing: (a) name and employer identification number (EIN), (b) percentage owned, and (c) if 100% owned, was a C1Stiti election made? StElnt 3 X 4 Ras this corporation filed, or Is it required to file, a return under section 6111 to provide information on any reportable transaction? 5 Check this box if the corporation issued publicly offered debt instruments with original Issue discount lo- if checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments. 6 If the corporation: (a) was a C corporation before it elected to be an S corporation or the corporation acquired an asset with a basis determined by reference to its basis (or the basis of any other property) in the hands of a C corporation and (b) has net unrealized built-in gain (defined in section 1374(d)(1)) in 'mess of the net recognized built-in gain from prior years, enter the net unrealized but-in gain reduced by net recognized built-in gain from prior years to• $ 7 Enter the accumulated earnings and profits of the corporation at the end of the tax year. $ 8 Are the corporation's total receipts (see instructions) for the tax year and its total assets at the end of the tax year less than $250,000? If "Yes." the corporation is not required to complete Schedules L and M-1 Shareholders' Pro Rata Share Items Total amount 1 Ordinary business income (loss) (page 1, line 21) 1 -16904387 2 Net rental real estate income (loss) (attach Form 8825) 3 a Other gross rental income (loss) b Expenses from other rental activities (attach statement) I 3b Income (Loss) c Other net rental income (loss). Subtract line 3b from be 3a Sc 4 Interest Income 4 gegifSigg 5 Dividends: a Ordinary dividends Sa 50,22199 b Qualified dividends 15b I 39967 %622,35 6 Royalties 6 ass 7 Net short-term capital gain (loss) (*Mach Schedule 0 (Perm 1120S)) 7 S 8 a Net long-term capital gain (loss) (attach Schedule 0 (Form 11205) 8e b Collectibles (28%) gain (loss) 8b I c Untecaptured section 1250 gain (attach stahment) Se 9 Net section 1231 gain (loss) (attach. Form 4797) I10 Other income (loss) (see instructions) Type* See Statement 4 10 mini iYii Fenn 1120S (2009) 921<20 2 000 EFTA00725893 FOrni 1120.5 2009 Pi 3 Shareholders' Pro Rata Share Items (continued) 74m1amount 11 Deductions 11 Section 179 deduction (attach Form 4562) 12a Contributions Statement 5 12. 41084 b Investment Interest expense in 1739469 c Section 59(e)(2) expenditures (1) Type ki• (2)Amount po. 124(2) d Other deductions (see instructions) . . Type I. 12d 13 a low-income housing credit (section 428)(5)) 13a b low-income housing credit (other) in c Qualified rehabilitation expenditures (rental real estate) (attachForte 3466) 13e Credits d Other rental real estate credits (see instructions) : Type I. 13d • Other rental credits (see instructions) Type P. 13* f Alcohol and cellulosic biofuels fuels credit (attach F01771 6478) 131 g Other credits (see instructions) Type ki• 13g 14a Name of country or U.S. possession jjj. various b Gross income from al sources 14b 1557925 o Gross income sourced at shareholder level 14c Foreign gross income sourced at corporate level . d Passive category 14d 1048023 Foreign Transactions e General category • 14a 30192 f Other (attach statement) 141 Deductions allocated and apportioned at shareholder level g Interest muse 14g b Other 14b Deductions allocated and apportioned at corporate level to foreign scare income i Passive category 141 1159 J General category 14j 6323 k Other (attach statement) 14k Other infonnatbn I Total foreign taxes (check one): I. X Paid X Accrued 141 219469 m Reduction in taxes available for credit (attach statement) 14m n Other foreign tax information (attach statement) 15a Post-1988 depreciation atustment 14* 141 Alternative b Adjusted gain or loss 16b c Depletion (other than col and gas) 15e Minimum Tax d Oil, gas, and geothermal properties-gross Income 16d (AMT) Items 16 e Oil, gas, and geothermal properties-deductions f Other ANT items (attach statement) 151 16a Tax-exempt interest income lea 7 Items Affecting b Other tax-exempt income 10 Other o Nondeductible expenses Statement 6 lee 15524 d Property distributions lid 17312000 Shareholder o Repayment of loans from shareholder* 15* Information 17 a Investment income 17a 9155812 Basis b Investment menses 17b c Dividend distributions paid from accumulated earnings 3.4 profits 17* d Other items and amounts (attach statement) t Li 5 18 Income/loss reconciliation. Combine the amounts on lines 1 through 10 in the far right c -a column. From the result, subtract the sum of the amounts on lines 11 through 120 and 141 18 —20550706 es tines- init„c3 Ren1120S (2009) ISS meal 5O% ODS6biz2.4 q,-is14 e. 3(AS I;) on - dam) • • -• •_ • • • JSA SC1•301000 I 1, sit 4' EFTA00725894 Financial T om an Inc. Page 1 EIN: 2009 Form 1120S Statement 1 Form 1120S, Line 5 Other Income $ -1618713 K-1 Prentice Partners 18938 K-1 AP Technology -355079 K-1 Tudor Funding 969 K-1 Liquid Funding -13302334 K-1 Highbridgeavim 88 K-1 ML Hertz -15163 K-1 CitiGroup HedgeForum K-1 BS Asset Backed Sec. LP -31558 2106 K-1 BS Asset Backed Sec. LP '08 adjustment -200 K-1 AP SHL Total $ -15300946 Statement 2 Form 1120S, Line 19 Other Deductions 554C) Bank Charges 1327 tx Continuing Professional Education 45zo-89S 1415 ‘, Dues and Subscriptions Fees & Licenses 19000 C 1- Insurance 11 , y5,," it19082 Meals and Entertainment Expense pY— otc. 2156 ig 820; Miscellaneous expense Office Expense 300oL 9111b ttk5.4 3 h21 18968th' Postage & Shipping 2284 Olt Professional Fees L GSJ0ii4"131,S tie/ 497449k( Rubbish Removal 550- Telephone I II %So rism3 26924 Travel & Related Expenses %I2:-sobs 6518p.1 Tuition Assistance 44533 Nt. Utilities vbis 1.441. 9028D Total $ 649870 CC) r RiS AE 2%, 452 AF. EFTA00725895