Treasurer’s Report – May 2022

The balance of unrestricted funds as of April 30th, 2022 was $21,306,240 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of April 30th, 2022, PIF had a balance of $30,034,768 plus $1,080,499 collected in April that was transferred into the PIF account the first part of May 2022. The Capital Reserve Fund had a balance of $5,570,156 as of month end.

The corporation operated within its budget year to date 2022.