The balance of unrestricted funds as of June 30, 2023, was $20.8 million which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of June 30, 2023, PIF had a balance of $31.5 million. The Capital Reserve Fund had a balance of $5.6 million at month end. The Carryforward balance as of June 30th was $10.5 million.
The corporation operated within its budget year to date in 2023.