Treasurer’s Report – December 2019

by Sue Wilson, Treasurer

The balance of unrestricted funds as of November 30, 2019 was $14,808,420 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of November 2019, PIF had a balance of $16,328,125 plus $609,000 collected in November that was transferred into the PIF account the first part of December 2019. The Capital Reserve Fund had a balance of $5,264,911 as of month end.

The corporation operated within its budget for the 2019 fiscal year.