Treasurer’s Report – September 2018

by Sue Wilson

The balance of unrestricted funds as of August 31, 2018 was $13,380,113 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of August 31, 2018, PIF had a balance of $16,816,619 plus $626,700 collected in August that was transferred into the PIF account the first part of September 2018. The Capital Reserve Fund had a balance of $5,187,967 as of month end.

The corporation has operated within its budget for the 2018 fiscal year.