Treasurer’s Report – September 2019

by Sue Wilson, Treasurer

The balance of unrestricted funds as of August 31, 2019 was $14,757,382 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, 2019, PIF had a balance of $14,724,664 plus $675,500 collected in August that was transferred into the PIF account the first part of September 2019. The Capital Reserve Fund had a balance of $5,233,654 as of month end.

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