REPORT OF THE GOVERNOR OF THE VIRGIN ISLANDS + 47

revenues collected. In the lower portion, the percentage of increase or
decrease of each revenue item and the total are shown.
 Total expenditures for fiscal year 1962 amounted to $14,891,082.98
of which $10,336,786.34, or 69.42 percent were from the general fund
and $4,554,296.64, or 30.58 percent were from the matching fund.
General fund expenditures represented an increase of 12.15 percent
over the previous fiscal year. Matching fund exepnditures repre-
sented an increase of 15.66 percent over the previous fiscal year and is
due mainly to the fact that the amount allocated to be spent from this
fund for government operations in fiscal year 1962 was higher than the
previous fiscal year.
 In addition to the comparative statement of revenues and receipts
and the comparative statement of expenditures, which furnish detailed
financial information by activity and program for a 5-year period,
a summary comparative statement of revenues, expenditures and sur-
plus (exhibit C) is presented in this report to show the results of the
financial activity of the government's major operations over the same
5-year period. This statement also illustrates how each fiscal year's







 .,. ;- .L. ..






 ST
 .A .'. .." .. .









 Sugar Estate Elementary School, Charlotte Amalie, St. Thomas. Completed in
April 1962, at a cost of $850,000. The 32-room elementary school contains a
complete kitchen and cafeteria and independent water supply. The design pro-
vides for addition of eight classrooms.