The balance of unrestricted funds as of August 31, 2010 was $8,317,236 which includes a $2.5 million cash reserve. Restricted funds, otherwise known as the Preservation and Improvement Fund (“PIF”), had a balance of $3,816,323 at August month end plus $291,000 collected in August that was transferred into the PIF account the first part of September.
Year to date, we have collected $599,900 more than budget in Preservation & Improvement Fees.
The corporation has operated within its budget year-to-date.
