by Sue Wilson, Treasurer
The balance of unrestricted funds as of May 31, 2019 was $16,878,191 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of May 31, 2019, PIF had a balance of $12,708,957 plus $797,876 collected in May that was transferred into the PIF account the first part of June 2019. The Capital Reserve Fund had a balance of $5,215,938 as of month end.
The corporation operated within its budget for the 2019 fiscal year.