The balance of unrestricted funds as of July 31, 2010 was $8,883,134 which includes a $2.5 million cash reserve. Restricted funds, otherwise known as the Preservation and Improvement Fund (“PIF”), had a balance of $3,564,987 as July month end plus $408,400 collected in July that was transferred into the PIF account the first part of August.
We have collected $596,900 more than budget in Preservation & Improvement Fees so far year-to-date.
The corporation has operated within its budget year-to-date.
