The balance of unrestricted funds as of December 31, 2010 was $7,840,973 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $3,930,309 at December month end plus $451,700 collected in December that was transferred into the PIF account the first part of January 2011.
In 2010, RCSC collected $1,010,443 more than budget in Preservation & Improvement Fees.
The corporation operated within its budget for 2010.
