Treasurer’s Report – March 2020

The balance of unrestricted funds as of February 29, 2020 was $15,938,974 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of February 29, 2020, PIF had a balance of $17,033,092 plus $530,892 collected in February that was transferred into the PIF account the first part of March 2020. The Capital Reserve Fund had a balance of $5,288,915 as of month end.

The corporation operated within its budget year to date 2020.