Treasurer’s Report – February 2019

by Sue Wilson, Treasurer

The balance of unrestricted funds as of January 31, 2019 was $15,084,651 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of January 31, 2019, PIF had a balance of $11,233,381 plus $604,500 collected in January that was transferred into the PIF account the first part of February 2019. The Capital Reserve Fund had a balance of $5,170,699 as of month end.

The corporation operated within its budget for the 2019 fiscal year.