The balance of unrestricted funds as of April 30, 2011 was $9,945,021 which includes a $2.5M cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $4,100,065 at April month end plus $484,100 collected in April that was transferred into the PIF account the first part of May 2011.The corporation has operated within its budget year-to-date.
