by Sue Wilson, Treasurer
The balance of unrestricted funds as of May 31, 2018 was $15,320,600 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of May 31, 2018, PIF had a balance of $16,366,136 plus $814,000 collected in May that was transferred into the PIF account the first part of June 2018. The Capital Reserve Fund had a balance of $5,169,802 as of month end.
The corporation has operated within its budget for the 2018 fiscal year.