Treasurer’s Report – September 2021

by Sheila Rooney, Treasurer

The balance of unrestricted funds as of August 31, 2021 was $16,939,276 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, 2021, PIF had a balance of $24,463,879 plus $801,566 collected in August that was transferred into the PIF account the first part of September 2021. The Capital Reserve Fund had a balance of $5,510,716 as of month end.

The corporation operated within its budget year to date 2021.