Treasurer’s Report – June 2022

The balance of unrestricted funds as of May 31, 2022 was $21,294,857 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of May 31st, 2022, PIF had a balance of $30,482,603 plus $995,040 collected in May that was transferred into the PIF account the first part of June 2022. The Capital Reserve Fund had a balance of $5,574,490 as of month end. The Carryforward balance as of May 31 was $11.9 million.

The corporation operated within its budget year to date 2022.