Treasurer’s Report – August 2023

The balance of unrestricted funds as of July 31, 2023, was $19.9 million 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, 2023, PIF had a balance of $31.7 million. The Capital Reserve Fund had a balance of $5.6 million at month end.  The Carryforward balance as of July 31st was $10.3 million.

The corporation operated within its budget year to date in 2023.