The balance of unrestricted funds as of September 30, 2011 was $7,893,449 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $4,365,936 at September month end plus $396,000 collected in September that was transferred into the PIF account the first part of October 2011.
The corporation has operated within its budget year-to-date.
