by Sue Wilson, Treasurer
The balance of unrestricted funds as of April 30, 2020 was $16,750,955 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of April 30, 2020, PIF had a balance of $17,287,334 plus $585,421 collected in April that was transferred into the PIF account the first part of May 2020. The Capital Reserve Fund had a balance of $5,320,983 as of month end.
The corporation operated within its budget year to date 2020.
