Review the most recent comprehensive annual financial report (CAFR) for the U.S. Virgin Islands. Examine the following issues and questions. Prepare a report on the results of your analysis.

a. Analysis of revenues and revenue sources.

1) How stable and flexible are the US Virgin Islands revenue sources in the event of adverse economic conditions?

2) Is the revenue base well diversified, or does the U.S. Virgin Islands rely heavily on one or two major sources?

3) Has the US Virgins Islands been relying on intergovernmental revenues for an excessive portion of its operating expenditures? 4) What percentage of total expenses of governmental activities is covered by program revenues? By general revenues?

5) Do any extraordinary or special items reported in the statement of activities deserve attention?

http://www.usvifinance.info/html/Financial-Statements/USVI%20Financial%20Statements%20FY16.pdf

http://www.usvipfa.com/PDF/FINAL%20Government%20of%20the%20VI%20FS%20-%20September%2030%202015%20(S).pdf