Treasurer’s Report – March 2019

By Sue Wilson, Treasurer

The balance of unrestricted funds as of February 28, 2019 was $15,248,863 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of February 28, 2019, PIF had a balance of $11,832,557 plus $605,500 collected in February that was transferred into the PIF account the first part of March 2019. The Capital Reserve Fund had a balance of $5,170,982 as of month end.

The corporation operated within its budget for the 2019 fiscal year.