Treasurer’s Report – February 2020

by Sue Wilson, Treasurer

The balance of unrestricted funds as of January 31, 2020 was $15,167,552 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of January 31, 2020, PIF had a balance of $17,147,958 plus $655,908 collected in January that was transferred into the PIF account the first part of February 2020. The Capital Reserve Fund had a balance of $5,286,167 as of month end.

The corporation operated within its budget year to date 2020.