The balance of unrestricted funds as of February 28, 2011 was $9,005,257 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $3,826,573 at February month end plus $461,937 collected in February that was transferred into the PIF account the first part of March 2011.The corporation has operated within its budget year-to-date.
