Treasurer’s Report – February 2014

By Dave Wieland

The balance of unrestricted funds as of January 31, 2014 was $9,676,940 which includes a $2.5M cash reserve.  Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund.  As of January 31, 2014, PIF had a balance of $12,210,558 plus $565,100 collected in January that was transferred into the PIF account the first part of February 2014.  The Capital Reserve Fund had a balance of $1,500,044 as of January month end.

The corporation has operated within its budget for the 2014 fiscal year.