Treasurer’s Report – November 2022

The balance of unrestricted funds as of October 31, 2022, was $18,865,303 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of October 31, 2022, PIF had a balance of $32,107,912 plus $542,633 collected in October that was transferred into the PIF account in early November 2022. The Capital Reserve Fund had a balance of $5,603,514 at month end. The Carryforward balance as of October 31 was $10.8 million.

The corporation operated within its budget year to date in 2022.