Treasurer’s Report – December 2021

by Shelia Rooney, Treasurer

The balance of unrestricted funds as of November 30, 2021 was $17,405,513 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of November 30, 2021 PIF had a balance of $26,677,765 plus $767,868 collected in November that was transferred into the PIF account the first part of December 2021. The Capital Reserve Fund had a balance of $5,527,147 as of month end.

The corporation operated within its budget year to date 2021.