OP financials still hold strong

Continued from Page 9 will have to carry OPA through the year, he said.

Viola’s flash preliminary estimates for June has the association favorable by $11,000.

In the treasurer’s report from Monica Rakowski, the association had approximately had $18.1 million in cash at the end of June. The cash decreased by about $500,000 from the same time period last year. Cash decreased about $400,000 from May 2023. OPA has $13 million invested in CDARs; $41, 000 in interest income recognized for the month and the remaining $4.9 million in insured cash sweep, treasury bills, money market and other operating accounts, diversified between two local banks.