Treasurer’s Report – May 2019

by Sue Wilson, Treasurer

The balance of unrestricted funds as of April 30, 2019 was $17,051,170 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of April 30, 2019, PIF had a balance of $12,156,896 plus $743,116 collected in April that was transferred into the PIF account the first part of May 2019. The Capital Reserve Fund had a balance of $5,206,182 as of month end.

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