Treasurer’s Report – April 2014
By Dave Wieland
The balance of unrestricted funds as of March 31, 2014 was $12,132,218 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of March 31, 2014, PIF had a balance of $11,305,846 plus $741,368 collected in March that was transferred into the PIF account the first part of April 2014. The Capital Reserve Fund had a balance of $1,500,044 as of March month end.
The corporation has operated within its budget for the 2014 fiscal year.