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Department of Finance requests $13.9M for FY2026, cites audits, staffing and systems upgrades

3802804 · June 11, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Department of Finance leaders asked the legislature for a $13.918 million FY2026 budget and outlined staffing shortages, audit catch‑up work and IT upgrades (Tyler time & attendance, GASB implementation) they say are needed to improve revenue reporting, payroll and vendor payments.

The U.S. Virgin Islands Department of Finance asked the legislature on June 10 for a $13,918,102 operating appropriation for fiscal year 2026 and described ongoing work to modernize systems and to catch up on audits and reconciliations. Executive Assistant Commissioner Clarena Modis Elliott presented the request to the Committee on Budget, Appropriations and Finance, saying the department aims for “sound financial stewardship, transparency, and service to the people of our territory.”

Department leaders told senators the agency now has 50 full‑time staff — 38 on St. Thomas and 12 on St. Croix — and four active vacancies they expect to fill by month’s end. Modis Elliott said the accounting team, with three analysts, processed more than 50,000 transactions…

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