Treasurer’s Report – June 2021

by Sheila Rooney, Treasurer

The balance of unrestricted funds as of May 31, 2021 was $18,266,660 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, 2021, PIF had a balance of $22,365,750 plus $883,730 collected in May that was transferred into the PIF account the first part of June 2021. The Capital Reserve Fund had a balance of $5,484,897 as of month end.

The corporation operated within its budget year to date 2021.