Treasurer’s Report – September 2017

by Carol Lawry

The balance of unrestricted funds as of August 31, 2017 was $12,005,228 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of August 31, 2017, PIF had a balance of $14,152,056 plus $713,000 collected in August that was transferred into the PIF account the first part of September 2017. The Capital Reserve Fund had a balance of $5,098,381 as of month end.

The corporation has operated within its budget for the 2017 fiscal year.