48 + REPORT OF THE GOVERNOR OF THE, VIRGIN ISLANDS

surplus is utilized in the succeeding fiscal year, together with revenues
collected for that year to finance the cost of the government's opera-
tions. Also shown in this statement is the amount due to be trans-
ferred from the matching fund to the essential projects fund each fiscal
year in accordance with the requirements of the Revised Organic Act.
 Since the general fund and the matching fund account for the
revenues and expenditures which reflects the government's general
operations, they are highlighted in the statements presented in this
report. The other funds not represented in these statements repre-
sent funds which are segregated for specific programs and func-
tions not generally connected with normal government operations.
However, the financial information on certain other funds which
are considered significant are reported in the following paragraphs.

Double "I" Essential Public Projects Fund
 Under the provisions of the Organic Act (subsec. 28(b)), at the
beginning of each fiscal year, the excess of funds in the single "i"
matching fund not needed to liquidate obligations incurred during
the fiscal year, or outstanding encumbrances of previous fiscal
years, is transferred to the double "i" essential public projects
fund. This year the receipts into the fund from this source
amounted to $2,551,169.12, compared with $2,291,541.47 received
during fiscal year 1961, a decrease of $259,627.65, or 11.33 percent.
 Total expenditures for the fiscal year amounted to $2,425,709.29,
compared with $1,982,458.57 for fiscal year 1961, an increase of
$443,250.72, or 22.36 percent.

Road Fund
 This fund was established in 1957 by legislative enactment which
provided that all taxes upon the sale of gasoline and all fines im-
posed by the courts for violation of traffic laws should be deposited
therein. During the fiscal year revenues collected and deposited
into the road fund amounted to $284,706.12, an increase of $49,149.54
or 20.87 percent over those of fiscal year 1961. Of this amount,
$259,383.12 represented collections from taxes on the sale of gasoline,
and $25,323 from the collection of fines imposed for violation of traffic
laws.

Marine and Aviation Fund
 The marine and aviation fund was established in October 1960
by legislative enactment which provided that all revenues and re-