Treasurer’s Report – March 2018

by Sue Wilson, Treasurer

The balance of unrestricted funds as of February 28, 2018 was $13,360,060 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of February 28, 2018, PIF had a balance of $17,866,699 plus $570,100 collected in February that was transferred into the PIF account the first part of March 2018. The Capital Reserve Fund had a balance of $5,143,627 as of month end.

The corporation has operated within its budget for the 2018 fiscal year.