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Treasurer: Trust holds about $21.4 million; unobligated cash roughly $2.38 million as board weighs future allocations
Summary
Treasurer Miss Abrams reported roughly $21.44 million in cash, $2.00 million in reserves and about $2.38 million unobligated; board discussed surrendered program funds (cumulative ~$6.4 million) and whether those dollars could support future CARES-style grants as part of program planning under tax-revenue uncertainty.
Treasurer Miss Abrams presented the trust’s financial report, telling the board the organization had about $21,440,000 in cash on hand, roughly $2,000,420 in a reserve account and approximately $1,800,000 in CRA-related funds. She said administrative expenses represented about 10% of the budget, the tax collector fee was about 5.15%, and program spending accounted for roughly 84.8% of expenditures.
Miss Abrams said the trust…
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