by Sue Wilson, Treasurer
The balance of unrestricted funds as of January 31, 2018 was $12,685,473 which includes a $2.5M cash reserve. Restricted funds include the Preservation and Improvement Fund (“PIF”) and the Capital Reserve Fund. As of January 31, 2018, PIF had a balance of $17,288,108 plus $577,400 collected in January that was transferred into the PIF account the first part of February 2018. The Capital Reserve Fund had a balance of $5,142,918 as of month end.
The corporation has operated within its budget for the 2018 fiscal year.