Treasurer’s Report – August 2022

The balance of unrestricted funds as of July 31st, 2022 was $20,193,717 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of July 31st, 2022, PIF had a balance of $31,233,045 plus $626,898 collected in July that was transferred into the PIF account in early August 2022. The Capital Reserve Fund had a balance of $5,590,617 at month end. The Carryforward balance as of July 31 was $11.1 million.
The corporation operated within its budget year to date in 2022.