Treasurer’s Report – September 2023

The balance of unrestricted funds as of August 31, 2023, was $19 million which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of August 31, 2023, PIF had a balance of $31.5 million. The Capital Reserve Fund had a balance of $5.6 million at month end. The Carryforward balance as of August 31st was $10 million.

The corporation operated within its budget year to date in 2023.

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