Treasurer’s Report – November 2023

The balance of unrestricted funds as of October 31, 2023, was $18.7 million 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, 2023, PIF had a balance of $31.6 million. The Capital Reserve Fund had a balance of $5.6 million at month end. The Carryforward balance as of October 31st was $10.1 million.

The corporation operated within its budget year to date in 2023.