The balance of unrestricted funds as of April 30, 2010 was $10,447,572 which includes a $2.5 million cash reserve. Restricted funds, otherwise known as the Preservation and Improvement Fund (“PIF”), had a balance of $2,192,615 as April month end plus $519,900 collected in April that was transferred into the PIF account the first part of May.We have collected $884,754 more than budget in Preservation & Improvement Fees so far year-to-date.
The corporation has operated within its budget year-to-date.
