Treasurer’s Report – September 2022

The balance of unrestricted funds as of August 31st, 2022 was $19,760,282 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of August 31st, 2022, PIF had a balance of $31,420,874 plus $589,668 collected in August that was transferred into the PIF account in early September 2022. The Capital Reserve Fund had a balance of $5,598,778 at month end. The Carry forward balance as of August 31 was $10.8 million.

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