April 28, 2011
The balance of unrestricted funds as of March 31, 2011 was $9,603,981 which includes a $2.5M cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $3,930,189 at March month end plus $583,100 collected in March that was transferred into the PIF account the first part of April 2011.
The corporation has operated within its budget year-to-date.
