Treasurer’s Report – December 2018

by Sue Wilson, Treasurer

The balance of unrestricted funds as of November 30, 2018 was $13,780,560 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of November 30, 2018, PIF had a balance of $16,693,741 plus $570,000 collected in November that was transferred into the PIF account the first part of December 2018. The Capital Reserve Fund had a balance of $5,228,334 as of month end.

The corporation operated within its budget for the 2018 fiscal year.