The balance of unrestricted funds as of June 30, 2011 was $9,497,687 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $4,226,533 at June month end plus $490,600 collected in June that was transferred into the PIF account the first part of July 2011.
The corporation has operated within its budget year-to-date.
