Treasurer’s Report – August 2021

by Sheila Rooney, Treasurer

The balance of unrestricted funds as of July 31, 2021 was $17,335,837 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, 2021, PIF had a balance of $23,699,085 plus $903,161 collected in July that was transferred into the PIF account the first part of August 2021. The Capital Reserve Fund had a balance of $5,495,185 as of month end.

The corporation operated within its budget year to date 2021.