Treasurer’s Report – August 2020

The balance of unrestricted funds as of July 31, 2020 was $15,558,984 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of July 31, 2020, PIF had a balance of $17,708,892 plus $612,914 collected in July that was transferred into the PIF account the first part of August 2020. The Capital Reserve Fund had a balance of $5,373,119 as of month end.

The corporation operated within its budget year to date 2020.