Treasurer’s Report – March 2021

by Sheila Rooney, Treasurer

The balance of unrestricted funds as of February 28, 2021 was $16,581,941 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of February 28, 2021, PIF had a balance of $20,335,414 plus $756,599 collected in February that was transferred into the PIF account the first part of March 2021. The Capital Reserve Fund had a balance of $5,439,871 as of month end.

The corporation operated within its budget year to date 2021.