by Sue Wilson, Treasurer
The balance of unrestricted funds as of May 31, 2020 was $16,569,531 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, 2020, PIF had a balance of $17,398,126 plus $440,621 collected in May that was transferred into the PIF account the first part of June 2020. The Capital Reserve Fund had a balance of $5,325,971 as of month end.
The corporation operated within its budget year to date 2020.
