The balance of unrestricted funds as of October 31, 2011 was $8,000,685 which includes a $2.5 million cash reserve. Restricted funds, also known as the Preservation and Improvement Fund (“PIF”), had a balance of $4,762,010 at October month end plus $427,700 collected in October that was transferred into the PIF account the first part of November 2011.
The corporation has operated within its budget year-to-date.
