Archive for July, 2020

RCSC Management Report – July 2020

Financial Report: Since there is no monthly Board meeting in the month of July, the Treasurer’s Report will be included in this management report. RCSC’s Investment Policy (Bylaws Article XIII) is stringent in its requirements with the priority of investment objectives to be placed in this order: 1) safety, 2) […]

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Treasurer’s Report – July 2020

The balance of unrestricted funds as of June 30, 2020 was $15,902,373 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of June 30, 2020, PIF had a balance of $17,819,254 plus $511,605 collected in June that was […]

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