Treasurer’s Report – March 2024

The balance of unrestricted funds as of February 29, 2024, was $19.6 million 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, 2024, PIF had a balance of $33.0 million, and the Capital Reserve Fund had a balance of $5.6 million. Capital Improvement Funds (“CIF”) received to date totaled $194k.

The Carryforward balance as of February 29 was $5.9 million. This balance decreased from the 2023 year-end balance of $10.4 million due to the allocation of $6.5 million in Carryforward funds towards the 2024 budgeted Capital Projects.

The corporation operated within its budget year to date in 2024.