Treasurer’s Report – May 2021

by Sheila Rooney, Treasurer

The balance of unrestricted funds as of April 30, 2021 was $18,394,984 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of April 30th, 2021, PIF had a balance of

$21,427,497 plus $994,811 collected in April that was transferred into the PIF account the first part of May 2021. The Capital Reserve Fund had a balance of $5,472,878 as of month end.

The corporation operated within its budget year to date 2021.