The Virgin Islands of the United States are located in the turquoise seas of the Caribbean, approximately sixty (60) miles east of Puerto Rico and one thousand seventy-five (1,075) miles south of Miami, Florida. The Virgin Islands of the United States is an unincorporated territory of the United States. Sixty-eight (68) islands comprise the group; however, three (3) main islands, St. Thomas, St. Croix, and St. John are the most significant. Water Island, which is geographically located within the boundaries of the St. Thomas-St. John District is commonly referred to as the fourth Virgin Island. The Territory is more than one hundred and thirty-three (133.6) square miles and is almost twice the size of Washington, D.C. with territorial waters that stretch over six hundred and three (603.9) square miles into the Atlantic Ocean. The Virgin Islands of the United States is renowned for its white sandy beaches. Magens Bay on the island of St. Thomas and Trunk Bay on the island of St. John are considered among the ten (10) most beautiful beaches in the world (“Popular Trip Ideas and Beach Guide,” Travel Channel).
With a core mission to improve public services and a vision of transforming government through performance, OMB is the Virgin Island’s source of credible, unbiased financial information and management assistance for departments and agencies. We strive to provide greater detail to the public on the annual budget process, information about federal grants, and continuous improvements in agency performance.
The Office of Management and Budget provides ongoing, transparent fiscal analysis, management support, and analytical research to the public, the Governor, the Legislature and departments and agencies.
Our Performance Goals are to
1. Increase the timeliness and quality of key financial reports;
2. Reduce overall grant and recurring audit findings; and
3. Enhance financial management practices.
The Office of Management and Budget’s (OMB) core mission is to provide budget and management recommendations for the Government of the Virgin Islands in compliance with local and federal laws; to support policies; and to optimize the allocation and utilization of resources. A fundamental premise for carrying out this mission is formulating recommendations based on solid data and thorough analysis.
As public administrators, OMB staff utilize their skills to provide quality analysis for all the various projects they undertake including traditional budget and capital program analysis; analysis of proposed legislation; and performance measurement analysis.
On an ongoing basis, OMB provides transparent fiscal analysis, management support, and analytical research to the Governor, the Legislature, all GVI departments and agencies, and the public.
OMB key performance goals are to increase the timeliness and quality of key financial reports; to reduce recurring audit findings; to ensure compliance with federal grants; and to enhance financial management practices.
Our vision at the Office of Management and Budget is to create excellence in government by constantly striving to enhance public services to better serve the residents of the Virgin Islands.
The Director of the Office of Management and Budget shall:
(1) Assist the Governor in the preparation and explanation of the proposed comprehensive program and financial plan, including the coordination and analysis of department and agency program goals and objectives, program plans and program budget requests.
(2) Develop information, communication and data processing systems needed for effective policy decision-making.
(3) Assist department and agencies in their statement of goals and objectives, preparation of program plans, program budget requests and reporting of program performance.
(4) Administer his responsibilities under the program execution provisions of this chapter so that the policy decisions and budget determinations of the Governor and the Legislature are implemented to the fullest extent possible within the concepts of proper management.
(5) Conduct each year a mid-year review of the current fiscal year budget to determine whether the current year’s revenues align with the appropriations made for that year, and report the findings no later than one month after the annual spring revenue estimating conference to the Committee on Finance and to the Legislature’s Post Audit Division for its review of appropriation levels to ensure alignment with current fiscal year revenues and expenditures.
(6) Provide the Legislature with any budget information it may request.